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2144 Marguerite Street, Palm Springs, California 92264, Palm Springs, 92264 - 4 bed, 2 bath

2144 Marguerite Street, Palm Springs, California 92264 home-pic-0
ACTIVE$849,000$1,875/sqft
Est. Value: $894,984
5%
BelowEstimate
2144 Marguerite Street, Palm Springs, California 92264
4Beds
2Baths
1,875Sqft
6,970Lot

Price Vs. Estimate

The estimated value ($894,984.36) is $45,984.36 (5%) higher than the list price ($849,000). This property may be underpriced.

Key pros and cons

Top Pros:
Extensive Modern Renovation: The home has been completely transformed with high-end finishes, including a showpiece kitchen with quartz countertops and stainless steel appliances, fully remodeled bathrooms with oversized walk-in showers, and ceramic wood tile flooring throughout, offering a contemporary and luxurious aesthetic.
Top Cons:
Recent Significant Price Reduction: The property's list price was recently reduced from $975,000 to $849,000, which could indicate an initial overpricing or a longer time on market than anticipated, potentially raising buyer questions.

Compared to the nearby listings

Price:$849.0K vs avg $1.29M ($-443,500)25%
Size:1,875 sqft vs avg 2,189 sqft36%
Price/sqft:$453 vs avg $59820%

More Insights

Built in 2006 (20 years old).
Condition: Despite being built in 2006, the property has been 'completely transformed' and 'beautifully reimagined' with extensive renovations. The kitchen is a 'true showpiece' with stainless steel appliances, quartz countertops, and striking cabinetry, while both bathrooms are 'fully remodeled' with oversized walk-in showers and sleek quartz. Newer HVAC, an updated water heater, and solar panels further contribute to its virtually new condition and modern standards, as evidenced by the high-quality finishes and contemporary style seen in the images.
Year Built
2006
Close
-
List price
$849K
Original List price
$975K
Price/Sqft
$453
HOA
-
Days on market
-
Sold On
-
MLS number
219140588DA
Home ConditionExcellent
Features
Excellent View: Panoramic
Pool
Spa
Patio
ViewPanoramic

About this home

Price reduced to $849,000! Welcome to 2144 Marguerite Street, a beautifully reimagined retreat in coveted South Palm Springs! This 4 bedroom, 2 bath home features soaring ceilings and an open floor plan. Completely transformed, the home features ceramic wood tile flooring throughout, creating a warm, modern aesthetic. The kitchen is a true showpiece, showcasing stainless steel appliances, a gas cooktop, quartz countertops, striking cabinetry, and a designer backsplash. The living area is anchored by a dramatic fireplace, adding both style and ambiance.Both bathrooms have been fully remodeled with oversized walk in showers and sleek quartz countertops, delivering a spa like experience. Step outside to a backyard that has been entirely redone to maximize desert living, featuring a gorgeous pool and spa, and a custom outdoor kitchen, perfect for al fresco dining. The front yard boasts thoughtfully designed desert landscaping, offering beauty with low maintenance. Newer HVAC and a recently updated water heater, offer improved efficiency and peace of mind. Solar means little to no electric bills! Located on fee land that you own ,and no HOA, this property is ideal as a primary residence, second home, or income producing vacation rental. At this time, the neighborhood is currently at just 16.67% vacation rental capacity, offering buyers the opportunity to obtain a short term rental permit, making this an especially attractive, lucrative investment. Situated on a very quiet street, conveniently close to Trader Joe's, Target, and just minutes from Downtown Palm Springs. The home is is also ideally located near Tahquitz Creek Golf Resort, a 36-hole public course, known for its walkability and scenic fairways. It's also right by the newly completed CV Link, a multi-use trail system offering bike, golf cart, and pedestrian access across the Coachella Valley, making it easy to explore the city in sustainable style. This pristine South Palm Springs home truly checks every box. Make your appointment today--this one will not last!

R
Rebecca May
Listing Agent

Price History

Date
Event
Price
07/31/18
Sold
$419,000
12/17/10
Sold
$182,000
01/09/06
Sold
$437,500
04/19/02
Sold
$83,500
04/19/02
Sold
$83,500
Condition Rating
Excellent
Despite being built in 2006, the property has been 'completely transformed' and 'beautifully reimagined' with extensive renovations. The kitchen is a 'true showpiece' with stainless steel appliances, quartz countertops, and striking cabinetry, while both bathrooms are 'fully remodeled' with oversized walk-in showers and sleek quartz. Newer HVAC, an updated water heater, and solar panels further contribute to its virtually new condition and modern standards, as evidenced by the high-quality finishes and contemporary style seen in the images.
Pros & Cons

Pros

Extensive Modern Renovation: The home has been completely transformed with high-end finishes, including a showpiece kitchen with quartz countertops and stainless steel appliances, fully remodeled bathrooms with oversized walk-in showers, and ceramic wood tile flooring throughout, offering a contemporary and luxurious aesthetic.
Exceptional Outdoor Living & Entertainment: The backyard is fully redone to maximize desert living, featuring a gorgeous pool, spa, and a custom outdoor kitchen, creating an ideal space for al fresco dining and entertaining.
Strong Investment Potential & Financial Benefits: Located on fee land with no HOA, and in a neighborhood with low vacation rental capacity (16.67%), this property offers a lucrative opportunity for short-term rental income, complemented by solar panels for minimal electric bills.
Updated Systems & Peace of Mind: Equipped with a newer HVAC system and a recently updated water heater, the property provides improved efficiency and reduced maintenance concerns for prospective buyers.
Prime South Palm Springs Location & Accessibility: Situated on a quiet street in the coveted South Palm Springs area, it offers convenient access to essential amenities like Trader Joe's and Target, Downtown Palm Springs, Tahquitz Creek Golf Resort, and the multi-use CV Link.

Cons

Recent Significant Price Reduction: The property's list price was recently reduced from $975,000 to $849,000, which could indicate an initial overpricing or a longer time on market than anticipated, potentially raising buyer questions.
No Mention of Garage: The property description does not specify the presence or type of a garage, which might be a drawback for buyers prioritizing covered parking, security, or additional storage space.
Limited Lot Size for Extensive Amenities: While the lot size of 6970 sqft is adequate, with a pool, spa, and custom outdoor kitchen, the remaining usable yard space might be perceived as limited by some buyers seeking more expansive outdoor areas or greater privacy.
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