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2355 W Nicola Road, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

2355 W Nicola Road, Palm Springs, California 92262 home-pic-0
ACTIVE$939,000
2355 W Nicola Road, Palm Springs, California 92262
3Beds
2Baths
1,399Sqft
10,454Lot
Year Built
1985
Close
-
List price
$939K
Original List price
$1.15M
Price/Sqft
$671
HOA
-
Days on market
-
Sold On
-
MLS number
219123533PS
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 48% below the list price. We found 3 Cons,6 Pros. Rank: price - $939.0K(51th), sqft - 1399(17th), beds - 3(50th), baths - 2(41th).

Welcome to this stunning three bedroom, two bathroom resort-style home in the Racquet Club neighborhood of Palm Springs. This indoor/outdoor oasis boasts views of the San Jacinto Mountains, and includes 1,399 SF of modern living space, an updated kitchen and bathrooms and easy access to outdoor areas. The backyard features multiple lounging areas, a pool and spa, fire pit, and gas grill. This spectacular home is strategically located just minutes from the airport and downtown, as well as within a convenient 7-minute walk to the Sunrise Square shopping center, where grocery stores, coffee shops, and restaurants await. With such prime positioning, your stay here not only promises luxury but also unparalleled convenience and comfort. This home currently has an active STR permit with good rental history and would make an ideal seasonal or part-time rental if not being used as an idyllic full time residence. Reach out for more information or if you'd like to schedule a private tour.

Nearby schools

6/10
Vista Del Monte Elementary School
Public,•K-5•0.8mi
7/10
Katherine Finchy Elementary School
Public,•K-5•1.1mi
4/10
Raymond Cree Middle School
Public,•6-8•0.7mi
6/10
Palm Springs High School
Public,•9-12•2.2mi
4/10
Desert Learning Academy
Public,•K-12•2.4mi
6/10
Cathedral City High School
Public,•9-12•5.5mi
Condition Rating
Excellent
Despite being built in 1985, the property has undergone a comprehensive and stylish renovation of its interior. The images clearly showcase a modern kitchen with white shaker cabinets, stainless steel appliances, and contemporary countertops/backsplash, along with updated bathrooms featuring floating vanities, modern fixtures, and large format tiling. The overall living space, flooring, and lighting also reflect a recent, high-quality renovation, presenting as virtually new and meeting current quality standards. While the original construction year is older, the extensive updates to key areas like the kitchen and bathrooms elevate its condition significantly.
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 = 10454, living area = 1399.
Resort-Style Outdoor Living: The backyard is a true indoor/outdoor oasis, featuring a pool, spa, fire pit, and gas grill, ideal for entertaining and relaxation.
Prime Location & Walkability: Strategically located just minutes from the airport and downtown, with a convenient 7-minute walk to Sunrise Square shopping center, offering unparalleled convenience.
Strong Income Potential: The property holds an active Short-Term Rental (STR) permit with a good rental history, making it an excellent investment opportunity.
Mountain Views: Boasts picturesque views of the San Jacinto Mountains, enhancing the property's aesthetic appeal and desirability.
Updated Interior: Features an updated kitchen and bathrooms, along with modern living space, suggesting move-in readiness and reduced immediate renovation needs.

Cons

Significant Price Discrepancy: The current listing price of $939,000 is substantially higher than the estimated property value of $480,008, indicating potential overpricing relative to market analysis.
Older Construction: Built in 1985, while interior updates are noted, there's no explicit mention of comprehensive updates to major systems (e.g., HVAC, plumbing, electrical), which could lead to future maintenance costs.
Modest Interior Square Footage: With 1,399 SF of living space, the interior is relatively modest for a property at this price point, potentially limiting appeal for buyers seeking larger homes.

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