2300 S Palm Canyon Drive 31, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
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Palm Springs, California 92264
This Mid-Century Penthouse represents a Strong Value Opportunity, listed at $425,000—positioned well below the $439,851 Fair Market Value by 3%. This valuation gap offers $14,851 in Instant Equity. Featuring a 2022 high-end remodel, an Excellent Condition Rating, and a 40-foot terrace with Panoramic Mountain Views, this turnkey residence offers a sophisticated lifestyle. It is an ideal acquisition for Owner-Occupants seeking luxury design or second-home buyers looking for a prestige property in South Palm Springs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2300 S Palm Canyon Drive 31 Subject | $425,000* List Price | 2 | 2 | 1,163 | $366 | - |
A 255 E Avenida Granada 312 Sold | $435,000 | 2 | 2 | 1,198 | $363 | 0.3 mi |
B 1470 S Camino Real Sold | $320,000 | 2 | 2 | 1,163 | $275 | 1.0 mi |
C 910 E Palm Canyon Drive 205 Sold | $495,000 | 2 | 2 | 1,116 | $444 | 0.9 mi |
D 910 E Palm Canyon Drive 102 Sold | $500,000 | 2 | 2 | 1,257 | $398 | 0.9 mi |
E 1028 E Palm Canyon Drive 207 Sold | $506,025 | 2 | 2 | 1,116 | $453 | 1.0 mi |
F 2396 S Palm Canyon Drive 23 Active | $385,000 List Price | 2 | 2 | 1,163 | $331 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a complete high-end remodel in 2022, which is within the <5-year renovation window for an Excellent rating. It features a modern kitchen with quartzite counters and premium appliances, designer bathrooms with imported tile, and fully updated systems including a new Lennox HVAC, upgraded electrical panel, and tankless water heater.
Designed by iconic architects Donald Wexler and Richard Harrison, this penthouse was completely remodeled in 2022 with high-end European finishes, Italian porcelain tile, and custom cabinetry, blending mid-century charm with contemporary luxury.
As a premier third-floor corner unit, the property features a massive 40-foot rebuilt terrace and new dual-pane windows that offer sweeping, unobstructed mountain views of the prestigious Mesa neighborhood.
The residence is equipped with modern essentials including a new Lennox HVAC system with smart controls, an upgraded electrical panel, a tankless water heater, and in-unit laundry, ensuring a turnkey experience.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3049, other record lot size in square feet = 1717.
The $550 monthly HOA fee represents a significant recurring expense that, while inclusive of many utilities, may impact the overall affordability and debt-to-income ratio for some buyers.
The local elementary and middle schools are rated 4/10, which may be a drawback for families prioritizing high-performing public educational districts.
Perched on the third-floor corner as the premier penthouse residence. Completely remodeled in 2022, blending contemporary finishes with European influences. Offered furnished and ready to move in! 24" Italian porcelain tile flows throughout, complemented by new dual-pane windows and sliding doors in every room. The kitchen features custom cabinetry, imported gold Antoni Gaudi pulls, quartzite counters, metallic gold backsplash and premium appliances. Guest bath offers a blue lacquer and lucite vanity with marble top, while the primary bath features dual vanities and an enlarged walk-in shower finished with imported Spanish tile. A defining feature of the home is the expansive 40-foot terrace, rebuilt during the renovation with new waterproofing and finished in matching porcelain tile to create flow, ideal for entertaining. Plus a new Lennox HVAC, upgraded electrical panel, recessed lighting, ceiling fans throughout, in-unit LG laundry, and a tankless water heater. Dedicated carport parking with huge private storage room. HOA amenities: cable, internet, gas, water, trash, exterior maintenance, pool and clubhouse access. Sweeping mountain views surrounded by iconic homes in The Mesa. Envisioned by Donald Wexler, Richard Harrison and built by Roy Fey, this classic Mid-Century community embodies Palm Springs clean lines and indoor-outdoor living. Don't miss this incredible opportunity to own a prestige property in South Palm Springs.
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades 6-8 • 3.8 mi
Grades K-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,163 | 1,380 | 27% |
| Lot Size | 3,049 | 762 | 89% |
| Price | $425.0K | $488.0K | 37% |
| Price per sq ft | $365 | $358 | 55% |
| Built year | 1963 | 1977 | 7% |
| HOA | $550.0 | $615 | 33% |
| Days on market | 36 | 155 | 1% |
May 9, 2026
$425,000
Initial Listing