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

246 W Vereda Norte
Palm Springs, California 92262
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 246 W Vereda Norte Subject | $3,300,000* List Price | 4 | 4 | 3,433 | $961 | - |
A 783 N Rose Avenue Sold | $3,695,000 | 5 | 4 | 3,386 | $1,091 | 0.8 mi |
B 1449 N Via Miraleste Sold | $2,715,000 | 4 | 4 | 2,962 | $917 | 0.4 mi |
C 429 Camino Sur Sold | $3,750,000 | 3 | 3 | 3,146 | $1,192 | 0.3 mi |
D 797 W Via Vadera Sold | $2,598,000 | 3 | 3 | 2,146 | $1,211 | 0.5 mi |
E 823 N Topaz Circle Sold | $2,400,000 | 4 | 3 | 2,364 | $1,015 | 0.7 mi |
F 509 E Via Colusa Sold | $2,330,000 | 3 | 4 | 2,336 | $997 | 0.8 mi |
G 1326 N Rose Avenue Active | $3,300,000 List Price | 4 | 4 | 2,978 | $1,108 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
Raymond Cree Middle School
Grades 6-8 • 0.7 mi
Palm Springs High School
Grades 9-12 • 2.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 4.0 | 3.0 | 70% |
| Square foot | 3,433 | 1,964 | 95% |
| Lot Size | 15,682 | 9,583 | 91% |
| Price | $3.30M | $900.0K | 97% |
| Price per sq ft | $961 | $478 | 95% |
| Built year | 1977 | 1989 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 179 | 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








































































