2923 Candlelight Lane, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 4 bath

2923 Candlelight Lane, Palm Springs, California 92264 home-pic-0
ACTIVE$1,995,000$3,016/sqft
Est. Value: $2,167,258
8%
BelowEstimate
2923 Candlelight Lane, Palm Springs, California 92264
3Beds
4Baths
3,016Sqft
14,810Lot

Price Vs. Estimate

The estimated value ($2,167,257.525) is $172,257.525 (8%) higher than the list price ($1,995,000). This property may be underpriced.

Key pros and cons

Top 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 = 14810, living area = 3016.
Top Cons:
Ongoing Association Fees: The property is subject to a recurring association fee of $400.0, which adds to the monthly ownership costs.

Compared to the nearby listings

Price:$2.00M vs avg $1.30M (+$695,000)83%
Size:3,016 sqft vs avg 2,199 sqft77%
Price/sqft:$661 vs avg $60063%

More Insights

Built in 2006 (20 years old).
Condition: This property underwent an extensive, high-end remodel in 2015, making its key components, especially the kitchen and bathrooms, virtually new and meeting current luxury standards. The kitchen features custom German Poggenpohl cabinetry, granite countertops, and top-tier Wolf, Miele, and Sub-zero appliances. Bathrooms boast Carrera marble floors and countertops, modern vanities, and high-quality fixtures. The home also features Indonesian marble floors throughout, a Control 4 sound system, and a pristine overall condition, indicating no deferred maintenance and minimal physical depreciation.
Year Built
2006
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$661
HOA
$400
Days on market
-
Sold On
-
MLS number
219141230PS
Home ConditionExcellent
Features
Excellent View: Mountain(s), Panoramic, Pool
Pool
Spa
Patio
ViewMountain(s), Panoramic, Pool

About this home

This stunning contemporary 3-bedroom, 4-bathroom remodeled home in the Luminaire community is nestled near the Santa Rosa mountains in the iconic Araby neighborhood of South Palm Springs. With over 3000 sq. ft. of luxurious living space, residing on a 14,810 sq. ft. DOUBLE, CORNER lot, this home's prime location offers truly gorgeous, expansive, panoramic western and southern mountain views. Exclusive features from an extensive 2015 remodel include an expanded and upgraded kitchen, remodeled bathrooms, a custom, oversized Pebble Tec pool with raised spa and a 600 sq. ft. guest house on a beautifully landscaped private backyard. From the moment you walk in, this home welcomes you with its cathedral ceilings, clerestory windows, Indonesian marble floors, and a spacious living room with a floor to ceiling stacked stone fireplace and a set of French doors that open to a tiled front patio. The beautiful and expanded chef's kitchen has an oversized island, granite countertops, and custom German Poggenpohl cabinetry. Revel in high-end appliances including a Wolf double oven, cooktop, microwave, Miele refrigerator and dishwasher, and a Sub-zero wine refrigerator. The primary bedroom has a large ensuite bathroom with Carrera marble floors & countertops, a walk-in closet and sliding door access to the outdoor patio. The guest bedroom is thoughtfully separated from the primary bedroom, has an upgraded, ensuite bathroom and a dressing area. Other home features include a formal dining room, a separate powder room, laundry room, walk-in pantry, Control 4 sound system, speakers in most rooms, and a two-car garage. The expansive outdoor area of this home is something to behold. The south-facing French doors lead out to an exclusive back patio with steps up to the pool and raised spa, and the 600 sq. ft. guest house. The entire back yard oasis has phenomenal mountain views and is surrounded by lush landscaping. The spectacular guest house is situated on the east side of the property and directly faces the San Jacinto mountains. It boasts tiled floors, a kitchenette with sink, small electric stove top, refrigerator and dishwasher. It has a living area, bedroom with an ensuite bathroom, office space, a door to the back garden with fruit trees, and a set of French doors that open to the patio, pool & spa. The renovations and upgraded amenities in this home create a luxurious Palm Springs lifestyle filled with elegance, privacy, tranquility and breathtaking mountain views.

H
Heidi Meaney
Listing Agent

Nearby schools

4/10
Cahuilla Elementary School
Public,K-51.6mi
4/10
Raymond Cree Middle School
Public,6-83.5mi
4/10
Desert Learning Academy
Public,K-121.3mi
6/10
Palm Springs High School
Public,9-121.5mi

Price History

Date
Event
Price
05/31/07
Sold
$650,000
Condition Rating
Excellent

This property underwent an extensive, high-end remodel in 2015, making its key components, especially the kitchen and bathrooms, virtually new and meeting current luxury standards. The kitchen features custom German Poggenpohl cabinetry, granite countertops, and top-tier Wolf, Miele, and Sub-zero appliances. Bathrooms boast Carrera marble floors and countertops, modern vanities, and high-quality fixtures. The home also features Indonesian marble floors throughout, a Control 4 sound system, and a pristine overall condition, indicating no deferred maintenance and minimal physical depreciation.
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 = 14810, living area = 3016.
Panoramic Mountain Views: The property boasts truly gorgeous, expansive, panoramic western and southern mountain views, including direct views of the San Jacinto mountains from the guest house, enhancing its aesthetic appeal and value.
Extensive 2015 Remodel & High-End Finishes: An extensive 2015 remodel upgraded the kitchen and bathrooms, featuring custom German Poggenpohl cabinetry, high-end appliances (Wolf, Miele, Sub-zero), Indonesian marble floors, and Carrera marble, indicating luxury and modern comfort.
Separate Guest House: A substantial 600 sq. ft. guest house with a kitchenette, living area, bedroom, ensuite bathroom, and office space provides exceptional flexibility for guests, multi-generational living, or a dedicated workspace.
Large, Private Corner Lot with Outdoor Oasis: Residing on a 14,810 sq. ft. double, corner lot, the property offers a beautifully landscaped private backyard with a custom, oversized Pebble Tec pool and raised spa, creating a luxurious outdoor living environment.
Prime Location in Iconic Neighborhood: Nestled in the Luminaire community near the Santa Rosa mountains in the iconic Araby neighborhood of South Palm Springs, the home benefits from a desirable and prestigious location.

Cons

Ongoing Association Fees: The property is subject to a recurring association fee of $400.0, which adds to the monthly ownership costs.
Age of Original Construction: While extensively remodeled in 2015, the home was originally built in 2006, which might be a consideration for buyers seeking brand-new construction.
Potential for High Outdoor Maintenance: The expansive double lot, custom pool/spa, and lush landscaping, while beautiful, will likely require significant ongoing maintenance and associated costs.
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