2493 E Powell Road, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

2493 E Powell Road, Palm Springs, California 92262 home-pic-0
ACTIVE$950,000
2493 E Powell Road, Palm Springs, California 92262
3Beds
2Baths
1,819Sqft
12,632Lot
Year Built
1980
Close
-
List price
$950K
Original List price
$1.2M
Price/Sqft
$522
HOA
-
Days on market
-
Sold On
-
MLS number
25493595
Home ConditionExcellent
Features
Excellent View: Mountain(s), Panoramic
Pool
Patio
ViewMountain(s), Panoramic

About this home

Possibly Over-Priced:The estimated price is 55% below the list price. We found 3 Cons,6 Pros. Rank: price - $950.0K(52th), sqft - 1819(39th), beds - 3(50th), baths - 2(41th).

This recently renovated Spanish modern residence is perfectly located in the heart of Palm Springs, nestled in the peaceful Desert Park Estates neighborhood. The home has been carefully maintained and thoughtfully upgraded. Its tranquil, resort-style yard ensures complete privacy, featuring an updated pool with a sun deck, concealed water features, and a custom pergola, all framed by stunning views of the San Jacinto mountains. Inside, the chef's kitchen is a culinary delight, boasting a 48-inch Wolf commercial-grade gas range with six burners, a griddle, double ovens, and a high-quality hood. It also includes a spacious side-by-side refrigerator and freezer, enhanced by custom cabinetry and countertops. The generous open floor plan is ideal for both entertaining and relaxation, showcasing high ceilings, elegant high-gloss Spanish tiles, and a dedicated space perfect for a home office or cozy reading nook. The expansive primary bedroom offers direct access to the pool and features a large walk-in closet. The luxurious primary bathroom includes a walk-in shower and custom cabinetry and fixtures that impress. Additional features include a new A/C system installed in 2021, an efficient evaporative cooler added in 2022 to help lower energy costs, and a new hot water heater. With five ceiling fans throughout, comfort is assured. Situated on a spacious corner lot, away from the bustle of Farrell Dr., this property is a must-see.

Nearby schools

6/10
Vista Del Monte Elementary School
Public,K-51.2mi
7/10
Katherine Finchy Elementary School
Public,K-51.6mi
4/10
Raymond Cree Middle School
Public,6-81.1mi
6/10
Palm Springs High School
Public,9-122.4mi
4/10
Desert Learning Academy
Public,K-122.6mi
6/10
Cathedral City High School
Public,9-125.3mi
Condition Rating
Excellent

Despite being built in 1980, this property has undergone extensive and high-quality renovations within the last 5 years, as evidenced by the 'recently renovated' description, new A/C (2021), new evaporative cooler (2022), and new hot water heater. The kitchen features a 48-inch Wolf commercial-grade range, custom cabinetry, and modern appliances, while the primary bathroom boasts a walk-in shower and custom fixtures. The flooring, overall style, and condition of all visible areas appear virtually new and meet current quality standards, indicating no deferred maintenance.
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 = 12632, living area = 1819.
Extensive Recent Renovations & Upgrades: The property boasts recent renovations, including a new A/C (2021), evaporative cooler (2022), and hot water heater, indicating significant investment in modernizing key systems and enhancing comfort.
Gourmet Chef's Kitchen: Features a high-end 48-inch Wolf commercial-grade gas range with double ovens, a griddle, and custom cabinetry, making it a standout feature for culinary enthusiasts.
Private Resort-Style Outdoor Oasis: The tranquil, private yard includes an updated pool with a sun deck, concealed water features, a custom pergola, and stunning San Jacinto mountain views, offering an ideal setting for relaxation and entertaining.
Desirable Location & Lot: Situated in the peaceful Desert Park Estates, in the heart of Palm Springs, on a spacious corner lot away from busy streets, providing both convenience and a quiet residential environment.
Spacious & Thoughtful Interior Layout: An open floor plan with high ceilings, elegant high-gloss Spanish tiles, a dedicated home office/reading nook space, and an expansive primary bedroom with direct pool access and a large walk-in closet, all contribute to a luxurious and functional living space.

Cons

Significant Overpricing Relative to Market Estimates: The current list price of $950,000 is substantially higher than the property's estimated value of $425,547.98 (estimation ratio -55%), and appears high compared to recently sold, similarly sized and aged renovated properties in the area.
Age of Core Structure: Despite recent renovations, the home was built in 1980, meaning the underlying structure and potentially some unseen systems are over 40 years old, which could imply future maintenance considerations beyond the listed upgrades.
Specific Aesthetic Choices: The 'Spanish modern' style and 'high-gloss Spanish tiles' are distinct design choices that, while appealing to some, may not have universal appeal, potentially narrowing the buyer pool compared to more neutral or contemporary designs.

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