2303 N Magnolia, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 2 bath
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Palm Springs, California 92262
This fully updated Palm Springs Ranch Estate is a Strong Value Opportunity, listed at $1,399,000—positioned well below the $1,498,695 Fair Market Value by 6%. This valuation gap offers $99,695 in Instant Equity. Boasting an Excellent Condition Rating, the turnkey interior features herringbone wood flooring, quartz countertops, and a private pool and spa with mountain views. With no HOA and proximity to the Design Center, it balances investment potential with desert luxury. This is an ideal opportunity for Owner-Occupants or Short-Term Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2303 N Magnolia Subject | $1,299,000* List Price | 4 | 2 | 2,199 | $593 | - |
A 1658 Ava Court Sold | $1,300,000 | 3 | 3 | 2,432 | $535 | 0.4 mi |
B 2146 N Blando Road Sold | $980,000 | 3 | 3 | 1,520 | $645 | 0.8 mi |
C 2716 Alexander Club Drive Sold | $960,000 | 4 | 4 | 2,131 | $450 | 0.5 mi |
D 3623 E Avenida Fey Norte Sold | $950,000 | 3 | 2 | 1,363 | $697 | 1.0 mi |
E 2653 N Kitty Hawk Drive Pending | $1,499,000 List Price | 4 | 4 | 2,163 | $693 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1973, the property has undergone an extensive recent renovation within the last 5 years, qualifying it for an excellent rating. The interior features high-end modern finishes including laminated herringbone wood flooring, quartz countertops, and stainless steel appliances. Significant capital improvements have been made to major systems, including a new AC unit, a new electrical panel, a tankless water heater, and new pool plaster and pump, ensuring no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 2199.
The property is fully updated and sold fully furnished, featuring high-end finishes like herringbone wood flooring and quartz countertops, alongside essential new infrastructure including a new AC unit, electrical panel, and tankless water heater.
Situated on a generous 10,019 sq ft lot, the home offers a private oasis with a newly plastered pool and spa, stunning mountain views, and versatile parking options including a two-car garage and dedicated RV space.
The laundry facilities are located in the garage rather than an interior utility room, which may be seen as a convenience drawback for a luxury-priced residence.
While the property is centrally located, the assigned public schools carry average ratings (ranging from 4 to 7), which may be a consideration for families prioritizing top-tier educational districts.
Fully Updated * Fully Furnished * Ranch Estates Neighborhood * 4 bedrooms 2 bathrooms * 2,199 Sq Ft, 10,019 lot * large private pool and spa * New pool pump and plaster * Tankless water heater * High ceilings * formal dining room plus over sized family/great room with fireplace and bar area, New AC unit * laminated herringbone wood flooring * quartz counter tops * stainless steel appliances a new electrical panel * laundry in garage * RV parking plus 2 car garage and extra large driveway * mountain views * No HOA * Perfect for income property, 2nd home or primary residence. Short distance to shopping, restaurants, gym. Downtown Palm Springs, Design Center, Golf, Tennis, Hiking & Biking Trail
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,199 | 1,914 | 62% |
| Lot Size | 10,019 | 9,583 | 54% |
| Price | $1.30M | $875.0K | 76% |
| Price per sq ft | $591 | $483 | 69% |
| Built year | 1973 | 1986 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 185 | 3% |
Apr 2, 2026
$1,299,000
$1,399,000
-7% Price Drop
Initial Listing
Mar 3, 2026
$1,399,000
Initial Listing
Sep 21, 2016
$340,000
Public Record
May 21, 2015
$310,000
Public Record
Jul 30, 2010
$195,000
Public Record
Oct 13, 2000
$315,000
Public Record