2964 E Orella Circle, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 3 bath

2964 E Orella Circle
Palm Springs, California 92264
Property Price
SUMMARY
Analysis of 2964 E Orella Circle, Palm Springs, California 92264 reveals a Prime Investment Opportunity with a current list price of $1,195,000—significantly undercutting the $1,275,000 Fair Market Value by 6%. This valuation gap indicates a +$80,000 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2964 E Orella Circle Subject | $1,195,000* List Price | 3 | 3 | 1,772 | $720 | - |
A 3534 Las Pampas Way Sold | $1,280,000 | 3 | 2 | 1,532 | $836 | 0.4 mi |
B 1177 S Farrell Drive Sold | $1,265,000 | 3 | 2 | 1,560 | $811 | 0.3 mi |
C 2517 E Mesquite Avenue Sold | $1,235,000 | 3 | 2 | 1,560 | $792 | 0.3 mi |
D 1554 E San Lucas Road Sold | $1,510,000 | 3 | 3 | 2,022 | $747 | 1.0 mi |
E 1911 Torchlight Lane Sold | $1,415,000 | 3 | 3 | 2,412 | $587 | 0.7 mi |
F 2997 E Alta Loma Drive Active Under Contract | $1,345,000 List Price | 3 | 3 | 2,045 | $658 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property underwent a comprehensive, high-end renovation in 2024, making all interior and exterior components virtually new. Key features include a custom kitchen with premium Bespoke appliances and quartz countertops, new porcelain tile flooring throughout, and fully updated bathrooms with modern fixtures. With new recessed lighting, window treatments, and a refreshed pool area, the home meets current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 8712, living area = 1772.
- Comprehensive 2024 Renovation
This 1970s Mid-Century home was fully reimagined in 2024, featuring premium Bespoke appliances, quartz countertops, and porcelain tile flooring for a completely turnkey, modern living experience.
- Fee Land Ownership
Situated on highly coveted fee land in South Palm Springs, this property avoids the land lease payments common in the area, offering superior long-term investment security and easier financing.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Short-Term Rental Limitations
The property is subject to the City of Palm Springs' neighborhood vacation rental cap, which may pose significant challenges for investors seeking to secure a new short-term rental permit.
- High HOA Dues
The $792 monthly association fee is relatively high considering it primarily covers the maintenance of a private park and sports courts rather than individual home exteriors or utilities.
About 2964 E Orella Circle
Beautifully remodeled 1970s Mid-Century three-bedroom home in the highly desirable Los Compadres neighborhood of South Palm Springs, situated on fee land. This move-in-ready residence features a thoughtfully designed floor plan, with one bedroom offering flexibility as a den, home office, or guest space, and a spacious primary suite with panoramic mountain views. Fully renovated in 2024, the home showcases new porcelain tile flooring throughout, a custom kitchen with quartz countertops and premium Bespoke appliances, and tastefully updated bathrooms with new vanities, mirrors, lighting, and fixtures. Additional upgrades include custom pantry cabinetry, recessed lighting, new window treatments, refreshed landscaping, and a new garage door with epoxy-finished flooring.The private backyard is a true desert oasis, featuring a boomerang-shaped Pebble Tec pool and spa, ideal for entertaining or relaxation. The home is part of an intimate 50-home HOA that maintains a private 2-acre park with a dog park, tennis courts, and pickleball courts, conveniently located near Beverly and Alta Loma Drive. The HOA covers and maintains the park only and does not regulate architectural changes, modifications, or use of the individual homes.Los Compadres Estates does not impose HOA restrictions on rentals or short-term rentals. The property is currently within the City of Palm Springs' neighborhood vacation rental cap. Buyers are advised to independently verify all short-term rental eligibility, permitting, and licensing requirements through the City of Palm Springs. Agent has an ownership interest in the property. A prior owner passed away in the home approximately two years ago. Buyer and Buyer's agent to verify all information and conduct their own due diligence. Conveniently located near shopping and grocery options along Highway 111, including Jensen's Finest Foods, Ralphs, and Ace Hardware, offering everyday essentials just minutes away.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1977
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $792.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 1.4 mi
Raymond Cree Middle School
Grades 6-8 • 2.9 mi
Desert Learning Academy
Grades K-12 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,772 | 2,303.5 | 26% |
| Lot Size | 8,712 | 10,236.5 | 41% |
| Price | $1.20M | $1.43M | 38% |
| Price per sq ft | $674 | $608 | 64% |
| Built year | 1977 | 1972 | 56% |
| HOA | $792.0 | $0 | 95% |
| Days on market | 64 | 163 | 11% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,195,000
$1,275,000
-6% Price Drop
Initial Listing
Price Change
Jan 2, 2026
$1,275,000
Initial Listing
Sold
Aug 5, 2024
$820,000
Public Record
Sold
Dec 27, 2012
$100,000
Public Record






























































