246 W Vereda Norte, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 4 bath

246 W Vereda Norte, Palm Springs, California 92262 home-pic-0

246 W Vereda Norte

Palm Springs, California 92262

ACTIVE
CONDITION: EXCELLENT
4Beds
4Baths
3,433Sq Ft
15,682Lot Size

Property Price

LIST PRICE$3,300,000
EST. MARKET VALUE
$3,300,000

SUMMARY

Estimated Market Value

$3,300,000
Based on Realkey algorithm analyzing recent comparable sales in Palm Springs.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
246 W Vereda Norte
Subject
$3,300,000*
List Price
443,433$961-
A
783 N Rose Avenue
Sold
$3,695,000543,386$1,0910.8 mi
B
1449 N Via Miraleste
Sold
$2,715,000442,962$9170.4 mi
C
429 Camino Sur
Sold
$3,750,000333,146$1,1920.3 mi
D
797 W Via Vadera
Sold
$2,598,000332,146$1,2110.5 mi
E
823 N Topaz Circle
Sold
$2,400,000432,364$1,0150.7 mi
F
509 E Via Colusa
Sold
$2,330,000342,336$9970.8 mi
G
1326 N Rose Avenue
Active
$3,300,000
List Price
442,978$1,1080.6 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Although originally built in 1977, the property has undergone a comprehensive, high-end renovation within the last year. It features a completely reimagined chef's kitchen, brand-new flooring, designer paint, and updated ensuite bathrooms. The estate is in turnkey condition with modern finishes and no deferred maintenance, meeting the criteria for an extensively renovated home within the 5-year window.

PROSSTRENGTHS & OPPORTUNITIES

  • 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 = 15682, living area = 3433.

  • Prime Location & Walkability

    Situated in the prestigious Old Las Palmas neighborhood, this estate offers rare walkability to downtown Palm Springs' dining and entertainment while maintaining the privacy of an iconic luxury enclave.

  • Versatile Compound Layout

    The property includes two private attached casitas with separate entrances, providing an exceptional setup for multi-generational living, guest hosting, or maximizing short-term rental income.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.

  • 1970s Era Infrastructure

    While the home is aesthetically modernized, the 1977 original construction may involve older underlying utility systems that require more maintenance than a newer build.

  • Aggressive Price Appreciation

    The significant list price increase following a 2024 sale may lead to appraisal challenges or buyer scrutiny regarding the current market valuation.

About 246 W Vereda Norte

Own a rare, fully-updated, walled-compound estate in Old Las Palmas--Palm Springs' most iconic luxury neighborhood with no HOA and no gated-community restrictions. This designer desert retreat blends sophistication with unbeatable walkability to downtown Palm Springs' dining, shopping, and nightlife.Inside the home, you'll find brand-new flooring, a completely reimagined chef's kitchen, fresh designer paint, and curated high-end furnishings that make the home feel like a private boutique escape. The layout is ideal for homeowners and investors alike, featuring two private attached casitas (each with separate entrances and ensuite bathrooms)--perfect for hosting guests, generating rental income, or creating an ultra-private multi-suite compound lifestyle.Step outside to majestic western and mountain views of San Jacinto from both the front courtyard and resort-style backyard. The property is fully walled and gated with a remote-controlled entry gate for vehicles, offering the privacy and exclusivity of a traditional estate.Enjoy a sun-drenched pool + spa, expansive luxury resort deck, tranquil ambiance, and dramatic California sunsets that illuminate the mountains with gold. Whether you're seeking a primary residence, vacation retreat, or income-producing investment, this property qualifies for a short-term rental permit through the City of Palm Springs, making it a premium opportunity to own an asset that can help fund your future vacations while building equity.Live the Palm Springs estate lifestyle in the desert's most sought-after, non-gated, no-HOA luxury neighborhood--where privacy, design, and location converge into something extraordinary.Compound Estate ✔ No HOA ✔ Walk to Downtown ✔ Casitas ✔ Pool & Spa ✔ STR Permit Eligibility

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1977
Lot Size
15,682 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Palm Springs Unified Schools

Katherine Finchy Elementary School

Grades K-5 • 0.6 mi

7/10

Raymond Cree Middle School

Grades 6-8 • 0.7 mi

4/10

Palm Springs High School

Grades 9-12 • 2.3 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
70%
Baths4.03.0
70%
Square foot3,4331,964
95%
Lot Size15,6829,583
91%
Price$3.30M$900.0K
97%
Price per sq ft$961$478
95%
Built year19771989
37%
HOA$0$0
50%
Days on market90179
10%

Pricing History

Listed for Sale

Feb 26, 2026

$3,300,000

$3,400,000

-3% Price Drop

Initial Listing

Price Change

Dec 7, 2025

$3,400,000

Initial Listing

Sold

Apr 2, 2024

$2,500,000

Public Record

Sold

Sep 18, 2009

$800,000

Public Record

Sold

Oct 27, 2000

$860,000

Public Record

Sold

Apr 24, 1997

$550,000

Public Record

Sold

Jul 22, 1996

$350,000

Public Record

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