2587 N Calico Lane, Palm Springs, California 92262, Palm Springs, 92262 - 5 bed, 4 bath
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Palm Springs, California 92262
This Renovated Resort-Style Residence is a Strong Value Opportunity, listed at $1,199,000—positioned well below the $1,300,000 Fair Market Value by 7%. This valuation gap offers $101,000 in Instant Equity. Featuring a Condition Rating of 2, the home includes two primary suites, a wine vault, and a self-contained guest suite with a private kitchen. Located in the Palm Springs Unified district near Katherine Finchy Elementary, the property offers mountain views and a pool, balancing luxury with financial upside. This is an ideal opportunity for Owner-Occupants or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2587 N Calico Lane Subject | $1,149,000* List Price | 5 | 4 | 3,000 | $431 | - |
A 2922 N Farrell Sold | $935,000 | 3 | 3 | 2,075 | $451 | 0.4 mi |
B 2210 E Powell Road Sold | $875,000 | 4 | 2 | 1,856 | $471 | 0.2 mi |
C 2665 E Vincentia Road Sold | $850,000 | 4 | 2 | 1,800 | $472 | 0.5 mi |
D 1615 Savvy Court Active | $1,295,000 List Price | 4 | 5 | 3,056 | $424 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation, as evidenced by the significant price appreciation since its 2025 sale and the description of sleek, modern finishes throughout. The home features a fully updated open floor plan, two primary suites with modern bathrooms, a dedicated wine vault, and a secondary attached suite with its own kitchen and laundry. All interior components, including flooring, fixtures, and appliances, appear new or virtually new, meeting the highest current quality standards with 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 = 13504, living area = 3000.
The property includes a fully attached one-bedroom suite with its own kitchen, living room, and laundry, providing excellent potential for multi-generational living or a high-end guest retreat.
Featuring two primary suites, a dedicated wine vault, and a resort-style backyard with mountain views, the home is perfectly designed for luxury hosting and social gatherings.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3000, other record living area = 2265. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The property was recently sold within the past year on 2025-06-10. The sold price is $580,000.00.
The official records differ from professional measurements (2,925 sq ft), which could lead to complications during the appraisal process or buyer due diligence.
NEW PRICE! MOTIVATED SELLER! Welcome to your new favorite escape--a five-bedroom resort property where the ordinary goes to take a vacation! This stunning home features two primary suites and four bathrooms, ensuring everyone has their own throne when nature calls. With sleek, modern finishes and an open floor plan, you'll feel right at home--though it's so spacious that you might need a map to navigate it! But wait, there's more! An attached one-bedroom suite, featuring its own living room, kitchen, laundry, and full bath, offers endless options--whether it's for guests, a home office, or the occasional family member you need to gently encourage to leave.Step outside to soak in those endless mountain views from your resort-style backyard--perfect for backyard barbecues or contemplating life's mysteries (like why the remote control always goes missing). The two-car garage, with its stylish epoxy floors, ensures your toys are safe from the weather--no more soggy golf clubs! Plus, with a spacious wine vault, you'll be the life of the party and the first stop on everyone's evening tour. Cheers to endless entertaining moments with friends and family!Sq footage is incorrect... House was professionally measured at 2925 sq ft.(Property is virtually staged)
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 95% |
| Baths | 4.0 | 2.0 | 72% |
| Square foot | 3,000 | 1,914 | 90% |
| Lot Size | 13,504 | 9,583 | 86% |
| Price | $1.15M | $875.0K | 67% |
| Price per sq ft | $383 | $481 | 29% |
| Built year | 1991 | 1987 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 185 | 16% |
Mar 24, 2026
$1,149,000
$1,199,000
-4% Price Drop
Initial Listing
Mar 4, 2026
$1,199,000
$1,246,000
-4% Price Drop
Initial Listing
Feb 18, 2026
$1,246,000
$1,300,000
-4% Price Drop
Initial Listing
Jan 28, 2026
$1,300,000
Initial Listing
Jun 10, 2025
$580,000
Public Record
Feb 29, 2000
$180,000
Public Record