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2150 N Farrell Drive, Palm Springs, California 92262, Palm Springs, 92262 - 5 bed, 5 bath

2150 N Farrell Drive, Palm Springs, California 92262 home-pic-0
ACTIVE$1,699,900$2,550/sqft
Est. Value: $1,713,881
%
FairlyEstimate
2150 N Farrell Drive, Palm Springs, California 92262
5Beds
5Baths
2,550Sqft
20,909Lot

Price Vs. Estimate

The estimated value ($1,713,880.935) is $13,980.935 (0%) lower than the list price ($1,699,900). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20909, living area = 2550.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2550, other record living area = 1558. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.

Compared to the nearby listings

Price:$1.70M vs avg $900.0K (+$799,900)86%
Size:2,550 sqft vs avg 2,023 sqft74%
Price/sqft:$667 vs avg $48080%

More Insights

Built in 2013 (13 years old).
Condition: This property, built in 2013, has undergone 'all new renovations' as explicitly stated in the description. The images confirm a complete and extensive modern update, showcasing virtually new components throughout. The kitchens feature contemporary white shaker cabinets, quartz countertops with matching backsplashes, and new stainless steel appliances. Bathrooms boast modern vanities, backlit mirrors, and glass-enclosed showers with high-end tile work. Flooring is consistent, clean, and modern. The overall aesthetic is fresh, high-quality, and meets current design standards with no visible deferred maintenance, aligning perfectly with the 'Excellent' criteria for a recently renovated property.
Year Built
2013
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$667
HOA
-
Days on market
-
Sold On
-
MLS number
219141268DA
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Welcome to an unparalleled oasis of luxury and comfort just 5 minutes away from the bustling downtown Palm Springs Arts District. Situated on a sprawling lot over half an acre, this stunning compound property boasts of two homes, each offering unmatched opulence and style with all new renovations. The first house is a spacious 3 bedroom, 2 bath abode, while the second is a cozy 2 bedroom, 1 bath dwelling. This compound is perfect for the buyer that would love to utilize the main home as their primary residence and can rent out the guest home unlimited times out of the year to earn passive income to cover the mortgage with the Home-Share license issued by the city. This remarkable compound provides a perfect retreat for families, groups or anyone wanting to experience the good life in Palm Springs. Designed with a fine eye for detail, every inch of this majestic property is geared towards providing the ultimate in relaxation and entertainment. This home has an unbelievable yard which will be the envy of all and possibly the best in the city or anywhere for that matter.Step outside to discover an outdoor oasis that will leave you breathless. This property features not one, but two sparkling pools that beckon you to take a dip and cool off in the desert heat. Awe-inspiring landscaped grounds dotted with palm trees and lush vegetation are accentuated by stunning mountain views that set the perfect backdrop for your leisure time.

D
David Colin
Listing Agent

Nearby schools

6/10
Vista Del Monte Elementary School
Public,•K-5•1.3mi
7/10
Katherine Finchy Elementary School
Public,•K-5•1.4mi
4/10
Raymond Cree Middle School
Public,•6-8•1.0mi
6/10
Palm Springs High School
Public,•9-12•2.1mi
4/10
Desert Learning Academy
Public,•K-12•2.3mi
6/10
Cathedral City High School
Public,•9-12•5.0mi

Price History

Date
Event
Price
03/17/22
Sold
$1,000,000
Condition Rating
Excellent
This property, built in 2013, has undergone 'all new renovations' as explicitly stated in the description. The images confirm a complete and extensive modern update, showcasing virtually new components throughout. The kitchens feature contemporary white shaker cabinets, quartz countertops with matching backsplashes, and new stainless steel appliances. Bathrooms boast modern vanities, backlit mirrors, and glass-enclosed showers with high-end tile work. Flooring is consistent, clean, and modern. The overall aesthetic is fresh, high-quality, and meets current design standards with no visible deferred maintenance, aligning perfectly with the 'Excellent' criteria for a recently renovated property.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20909, living area = 2550.
Exceptional Income Potential: The property includes a guest home with a city-issued Home-Share license, allowing unlimited rentals to generate passive income and potentially cover mortgage costs.
Luxurious Outdoor Oasis: Features an 'unbelievable yard' on over half an acre, two sparkling pools, awe-inspiring landscaped grounds, and stunning mountain views, ideal for relaxation and entertainment.
Prime Location & Accessibility: Situated just 5 minutes from the bustling downtown Palm Springs Arts District, offering convenient access to amenities and attractions.
Dual Residence Compound: Comprises two distinct homes (3 bed/2 bath and 2 bed/1 bath) on one lot, providing versatility for multi-generational living, guest accommodation, or rental income.
Modern & Recently Renovated: Built in 2013 with 'all new renovations,' ensuring a contemporary aesthetic and updated systems throughout both residences.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2550, other record living area = 1558. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
High Maintenance Requirements: The sprawling half-acre lot with extensive landscaping and two pools will likely incur significant ongoing maintenance costs and time commitment for upkeep.
Limited Interior Detail: While 'all new renovations' are mentioned, the description lacks specific details on interior finishes, appliances, or smart home features, which buyers at this price point often seek.
Potential for Privacy Concerns: The presence of a separate guest home on the same compound, especially if rented frequently, could introduce privacy considerations or potential noise for the primary residents.
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