2898 N Sunrise Way, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 3 bath
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Palm Springs, California 92262
This Mediterranean Mini-Estate is a Strong Value Opportunity, listed at $998,000—positioned well below the $1,067,050 Fair Market Value by 6%. This valuation gap offers $69,050 in Instant Equity. Boasting a Condition Rating of 3, the property features owned solar, travertine floors, and a saltwater pool on a rare half-acre lot. Located in the Palm Springs Unified district with stunning mountain views and no HOA, it balances luxury with low overhead. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2898 N Sunrise Way Subject | $998,000* List Price | 3 | 3 | 3,093 | $345 | - |
A 2587 N Calico Lane Active | $1,149,000 List Price | 5 | 4 | 3,000 | $383 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, this property is move-in ready and falls within the 10-20 year age bracket for a 'good' rating. The home features high-quality travertine flooring throughout, a spacious kitchen with granite countertops and stainless steel appliances, and well-maintained bathrooms with stone finishes. Significant value-add features include an owned solar system and an extensively developed outdoor living area with a pool, spa, and modern outdoor kitchen, showing minimal wear and tear.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20038, living area = 3093.
Offering over 3,000 square feet of living space on a rare half-acre lot, this property provides significant scale and privacy at a price point well below replacement cost for the Palm Springs market.
The inclusion of an owned solar system covering over 90% of electricity costs, combined with the absence of HOA fees, ensures exceptionally low monthly carrying costs for a mini-estate of this size.
The property is served by schools with mixed ratings, specifically a middle school rated 4/10, which may be a consideration for families prioritizing top-tier educational scores.
Situated on N Sunrise Way, a primary thoroughfare, the property may experience more ambient traffic noise than homes located deeper within the interior of the residential subdivision.
EXCEPTIONAL VALUE! Over 3000 sf of living on nearly 1/2 acre offering the seclusion and room you've been searching for. This Mediterranean walled and gated Mini-Estate is surrounded by complete privacy hedges and beautiful yards. It is conveniently located with generous off-street parking for cars, guests and toys. Separate private saltwater pool and spa yard with an inviting Pavilion for Al Fresco relaxation and dining, BBQ and fire feature. And a third expansive yard that features mountain views, mature shade trees, fruit trees and swaying palms. Wonderful home with Living room, dining area and wet bar with fireplace and views to the mountain view yard in front and the pool yard in back. A totally outfitted kitchen with abundant cabinets and a double sized island opens to a family room with a fireplace. The poolside primary suite is very spacious with a fireplace, lovely bathroom with separate walk-in shower and soaking tub and a very large walk-in closet. Two more bedrooms with French Doors opening to the grassy yard and hall bath with dual sinks. The bonus room could be a 4th bedroom and there is also a den, formal dining room or office with bookshelves built. 3 car attached garage with storage plus two detached storage buildings. Travertine floors throughout, separate laundry room and powder bath. Owned solar system covers 90+% of electricity cost if year-round owner. NO HOA. Perfect home for pets, outdoor fun and privacy. Priced well under replacement cost making this the best buy on the market today!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.4 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 50% |
| Square foot | 3,093 | 1,914 | 91% |
| Lot Size | 20,038 | 9,583 | 97% |
| Price | $998.0K | $875.0K | 61% |
| Price per sq ft | $323 | $481 | 19% |
| Built year | 2004 | 1987 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 184 | 1% |
Apr 7, 2026
$998,000
Initial Listing
Oct 8, 2008
$500,000
Public Record
Aug 29, 2008
$545,000
Public Record
Jan 29, 2004
$400,000
Public Record
Feb 27, 2003
$60,000
Public Record
Aug 16, 2000
$27,000
Public Record