2040 S Chico Drive, Palm Springs, California 92264, Palm Springs, 92264 - 5 bed, 4 bath

2040 S Chico Drive, Palm Springs, California 92264 home-pic-0

2040 S Chico Drive

Palm Springs, California 92264

ACTIVE
CONDITION: EXCELLENT
5Beds
4Baths
2,994Sq Ft
10,019Lot Size

Property Price

LIST PRICE$2,595,000
EST. MARKET VALUE
$2,338,840
10% AboveMARKET VALUE

SUMMARY

Analysis of 2040 S Chico Drive, Palm Springs, California 92264 reveals a property with a current list price of $2,595,000, which is 10% above the estimated $2,338,840 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$2,338,840
Based on Realkey algorithm analyzing recent comparable sales in Palm Springs.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
2040 S Chico Drive
Subject
$2,595,000*
List Price
542,994$781-
A
2044 S Tulare Drive
Sold
$1,950,000343,120$6250.1 mi
B
1498 E Via Estrella
Sold
$2,300,000443,450$6670.6 mi
C
1311 Fuego Circle
Sold
$2,349,000343,338$7040.2 mi
D
1440 E Maricopa Drive
Sold
$2,006,000333,019$6640.1 mi
E
2320 S Via Lazo
Sold
$1,939,000542,335$8300.7 mi
F
2015 S Toledo Avenue
Active
$2,150,000
List Price
332,762$7780.0 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Despite being built in 1977, this property has undergone an extensive and high-quality renovation, making it virtually new. The description explicitly states 'thoughtfully reimagined modern residence' with 'extensive upgrades including new windows and doors, roofing, electrical, plumbing, lighting, HVAC servicing, and fully permitted structural improvements.' The kitchen features custom cabinetry, stone surfaces, and modern stainless steel appliances, while the bathrooms are transformed into 'spa-like retreats' with curbless showers and premium fixtures. Large-format Italian porcelain tile flooring is consistent throughout. All elements meet current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria for a recently and extensively renovated property.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Location & Views

    Located in the desirable Indian Canyons neighborhood on FEE SIMPLE land, embraced by mountains, offering stunning panoramic mountain views.

  • Comprehensive Modern Renovation

    A thoughtfully reimagined modern residence with architectural vision, featuring a redesigned facade, custom steel detailing, expansive new glass, and refined desert landscaping.

  • High-End Interior Finishes

    Boasts dramatic volume, natural light, soaring ceilings, large-format Italian porcelain tile, custom cabinetry, carefully selected stone surfaces, and a striking illuminated bar feature.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.

  • Rapid Price Increase

    The list price has seen a substantial increase from its original listing, which may warrant careful consideration of current market valuation and buyer perception.

  • Original Build Year (1977)

    Despite extensive modern renovations and structural improvements, the property's original 1977 construction year might be a consideration for buyers preferring entirely new builds.

About 2040 S Chico Drive

Located in the desirable Indian Canyons neighborhood of South Palm Springs, embraced by both the San Jacinto and Santa Rosa mountains ranges, 2040 S. Chico Drive represents an exceptional opportunity to own a thoughtfully reimagined modern residence on FEE SIMPLE LAND. Homes of this caliber--where architectural vision, craftsmanship, and investment converge so seamlessly--are truly rare.The arrival experience immediately sets the tone, with a redesigned facade featuring custom steel detailing, expansive new glass, and refined desert landscaping. Inside, the home opens to dramatic volume and natural light, highlighted by soaring ceilings, clerestory windows, and oversized skylights. Large-format Italian porcelain tile runs throughout, creating a cohesive and sophisticated foundation.The open living and kitchen areas are designed for both comfort and entertaining, anchored by custom cabinetry, carefully selected stone surfaces, and a striking illuminated bar feature. Warm architectural wood accents and thoughtfully layered lighting enhance the modern design while maintaining an inviting atmosphere.Bathrooms have been transformed into spa-like retreats, featuring curbless showers, backlit stone niches, floating benches, and premium fixtures. The primary suite offers direct pool access, a custom walk-in closet, and a serene bath designed for relaxation. Several guest bedrooms enjoy private outdoor access, further connecting the home to its surroundings.Outdoors, the backyard has been fully redesigned with a newly resurfaced pool, all-new equipment, custom pergola, and multiple spaces for lounging and dining, all framed by stunning mountain views. Extensive upgrades include new windows and doors, roofing, electrical, plumbing, lighting, HVAC servicing, and fully permitted structural improvements.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1977
Lot Size
10,019 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Palm Springs Unified Schools

Cahuilla Elementary School

Grades K-5 • 1.1 mi

4/10

Raymond Cree Middle School

Grades 6-8 • 3.5 mi

4/10

Desert Learning Academy

Grades K-12 • 1.5 mi

4/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
90%
Baths4.03.0
54%
Square foot2,9942,319.5
75%
Lot Size10,01910,236.5
50%
Price$2.60M$1.44M
90%
Price per sq ft$867$608
89%
Built year19771972
56%
HOA$0$0
50%
Days on market49163
6%

Pricing History

Listed for Sale

Jan 18, 2026

$2,595,000

Initial Listing

Price Change

Jan 17, 2026

$1,595,000

Initial Listing

Sold

Apr 27, 2023

$1,300,000

Public Record

Browse Properties by State Browse housing market trends by state