264 Mustang Lane, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 4 bath

264 Mustang Lane, Palm Springs, California 92262 home-pic-0
ACTIVE$975,000
264 Mustang Lane, Palm Springs, California 92262
3Beds
4Baths
2,156Sqft
4,792Lot

Price Vs. Estimate

The estimated value ($919,970.835) is $55,029.165 (5%) lower than the list price ($975,000). This property may be overpriced.

Key pros and cons

Top Pros:
Brand New Construction & Warranty: Built in 2024, this home is move-in ready and still under warranty, offering peace of mind and modern building standards.
Top Cons:
High Association Fees: The monthly association fee of $530 is substantial and adds significantly to the ongoing cost of homeownership.

Compared to the nearby listings

Price:$975.0K vs avg $925.0K (+$50,000)55%
Size:2,156 sqft vs avg 2,100 sqft51%
Price/sqft:$452 vs avg $49039%

More Insights

Built in 2024 (1 years old).
Condition: This property is a brand new build from 2024, described as 'stunning' and 'model-perfect' with a warranty. The kitchen features high-end stainless steel appliances, modern flat-panel cabinetry, and quartz countertops. Bathrooms boast contemporary vanities, fixtures, glass-enclosed showers with subway tile, and elegant terrazzo flooring. The home includes highly upgraded wide-plank laminate wood flooring, modern light fixtures, solar panels, and a Tesla charger, indicating top-tier quality and no deferred maintenance.
Year Built
2024
Close
-
List price
$975K
Original List price
$975K
Price/Sqft
$452
HOA
$530
Days on market
-
Sold On
-
MLS number
OC25202215
Home ConditionExcellent
Features
Pool
Patio
ViewNeighborhood

About this home

Welcome to this stunning new home, built in 2024, nestled in the prestigious Miralon community. Move-in ready and still under warranty, this model-perfect residence invites you to experience the true essence of Palm Springs living. As you step inside, you’re greeted by soaring ceilings and expansive sliding doors that open seamlessly onto a sparkling saltwater cocktail pool, embodying the ultimate atmosphere of relaxation and joy. The spacious great room is a perfect blend of comfort and luxury, featuring an impressive 85” smart TV, clerestory windows that bathe the space in natural light, elegant plantation shutters, and a stylish ceiling fan. A beautiful dining room chandelier adds a touch of sophistication, while 16 paid solar panels contribute to eco-friendly living. Meticulously designed with soundproof walls, the home is adorned with highly upgraded wide-plank laminate wood flooring that exudes warmth, complemented by elegant terrazzo tile in the entryway and bathrooms. Among the many modern conveniences, you’ll find a Tesla charger in the garage and a high-end refrigerator and washer/dryer, both just six months old. As a resident, you’ll also have privileged access to Miralon's exceptional resort-style amenities. Enjoy refreshing swims in the pools, unwind in the private club equipped with a full-service bar, or hone your culinary skills in the demonstration kitchen. Stay fit and centered in the yoga/fitness studio, play with your pets in the well-maintained dog park, or pick fresh produce from the U-Pick garden. Scenic lake parks, surrounded by over 7,000 producing olive trees, provide a breathtaking backdrop for leisurely strolls. The community offers effortless access to the I-10, conveniently located at the intersection of Indian Canyon Drive and Sunrise Parkway, just off the bustling Highway 111 corridor. Enjoy a quick 10-minute drive to downtown Palm Springs, where a vibrant dining scene and a rich art culture await, along with proximity to some of the finest golf resorts in the area. Experience an extraordinary lifestyle in this remarkable home!

Condition Rating
Excellent

This property is a brand new build from 2024, described as 'stunning' and 'model-perfect' with a warranty. The kitchen features high-end stainless steel appliances, modern flat-panel cabinetry, and quartz countertops. Bathrooms boast contemporary vanities, fixtures, glass-enclosed showers with subway tile, and elegant terrazzo flooring. The home includes highly upgraded wide-plank laminate wood flooring, modern light fixtures, solar panels, and a Tesla charger, indicating top-tier quality and no deferred maintenance.
Pros & Cons

Pros

Brand New Construction & Warranty: Built in 2024, this home is move-in ready and still under warranty, offering peace of mind and modern building standards.
Extensive Resort-Style Community Amenities: Residents enjoy privileged access to Miralon's exceptional amenities, including multiple pools, a private club with a full-service bar, demonstration kitchen, yoga/fitness studio, dog park, U-Pick garden, and scenic lake parks.
Energy Efficiency & Modern Technology: Equipped with 16 paid solar panels and a Tesla charger in the garage, this home offers significant energy savings and caters to contemporary electric vehicle needs.
High-End Finishes & Private Pool: The property boasts soaring ceilings, expansive sliding doors, a sparkling saltwater cocktail pool, soundproof walls, upgraded wide-plank laminate wood flooring, elegant terrazzo tile, and high-end appliances.
Prime Palm Springs Location & Accessibility: Conveniently located with effortless access to I-10 and Highway 111, just a 10-minute drive to downtown Palm Springs' vibrant dining and art scene, and close to top golf resorts.

Cons

High Association Fees: The monthly association fee of $530 is substantial and adds significantly to the ongoing cost of homeownership.
Smaller Lot Size: With a lot size of 4792 sqft, the outdoor space is relatively modest for a single-family home, which might be a consideration for buyers seeking larger yards.
Listing Price Exceeds Estimated Value: The current listing price of $975,000 is 5% higher than the property's estimated value of $916,773, potentially indicating it is priced above market expectations.

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