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298 N Farrell Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 4 bath

298 N Farrell Drive, Palm Springs, California 92262 home-pic-0
ACTIVE$1,370,000$2,559/sqft
Est. Value: $1,427,253
4%
BelowEstimate
298 N Farrell Drive, Palm Springs, California 92262
3Beds
4Baths
2,559Sqft
13,504Lot

Price Vs. Estimate

The estimated value ($1,427,252.83) is $57,252.83 (4%) higher than the list price ($1,370,000). 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 = 13504, living area = 2559.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-05-22. The sold price is $750,000.00.

Compared to the nearby listings

Price:$1.37M vs avg $900.0K (+$470,000)77%
Size:2,559 sqft vs avg 2,023 sqft74%
Price/sqft:$535 vs avg $48058%

More Insights

Built in 1970 (56 years old).
Condition: This property, though built in 1970, has undergone an extensive, designer-led renovation, making it virtually new in its current state. The description highlights 'new cabinetry with marble countertops and new appliances' in the kitchen, and 'custom tile showers, updated fixtures, new hardware' in the bathrooms, which are confirmed by the images showing modern, high-quality finishes and appliances. New flooring, windows, and solid wood French doors further contribute to its 'excellent' condition, meeting current quality standards with no deferred maintenance.
Year Built
1970
Close
-
List price
$1.37M
Original List price
$1.37M
Price/Sqft
$535
HOA
-
Days on market
-
Sold On
-
MLS number
219140739PS
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

Step into this beautifully reimagined 3 bedroom, 4 bathroom home located in the heart of Palm Springs in the highly sought after neighborhood of Sunmor. Nestled on the corner of Julian and Farrell, the property's entrance and driveway are on the quieter side of Julian. Inspired by classic 1970s design, this home boasts warm organic materials, custom craftsmanship, and curated character throughout. The home was thoughtfully designed and renovated by an interior designer and the sale includes all furnishings. Upon entering, the main living area is filled with natural light and features an exquisite stone fireplace. The kitchen and living space flow seamlessly together, highlighted by a white oak banquette with a built-in dry bar and brand new cabinetry with marble countertops and new appliances. The primary suite includes a custom floating vanity, a built-in headboard with integrated nightstands, and a large walk-in closet. This fully furnished home offers vintage designer furnishings, selected to enhance the architecture while blending seamlessly with the home's 1970s inspired aesthetic. Thoughtful design is evident in the home's layout, with three well-proportioned bedrooms providing flexible space for guests, a home office, or creative studio. Quality upgrades throughout include new windows, solid wood French doors, new flooring, custom tile showers, updated fixtures, new appliances, and new hardware. Outdoors, solid wood tongue and groove patio ceilings complement custom wrought iron gates, a Bocce court, and an organic landscape with mature trees and sculptural cacti. The backyard is oriented to maximize sunlight and features a pool positioned to take in sweeping mountain views. The oversized lot has adequate space for ADU or guest house.This home offers a timeless Palm Springs experience in one of the city's most beloved neighborhoods.

A
Andrew Marquez
Listing Agent

Nearby schools

7/10
Katherine Finchy Elementary School
Public,•K-5•1.4mi
4/10
Raymond Cree Middle School
Public,•6-8•1.6mi
6/10
Palm Springs High School
Public,•9-12•0.5mi
4/10
Desert Learning Academy
Public,•K-12•0.8mi

Price History

Date
Event
Price
05/22/25
Sold
$750,000
05/20/04
Sold
$525,000
Condition Rating
Excellent
This property, though built in 1970, has undergone an extensive, designer-led renovation, making it virtually new in its current state. The description highlights 'new cabinetry with marble countertops and new appliances' in the kitchen, and 'custom tile showers, updated fixtures, new hardware' in the bathrooms, which are confirmed by the images showing modern, high-quality finishes and appliances. New flooring, windows, and solid wood French doors further contribute to its 'excellent' condition, meeting current quality standards with no deferred maintenance.
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 = 13504, living area = 2559.
Prime Location & Desirable Neighborhood: Situated in the highly sought-after Sunmor neighborhood in the heart of Palm Springs, offering a desirable corner lot with a quieter street entrance.
Designer-Led Renovation & Aesthetic: Thoughtfully reimagined by an interior designer, showcasing a classic 1970s aesthetic with warm organic materials, custom craftsmanship, and curated character.
Comprehensive Modern Upgrades: Features extensive quality upgrades including new windows, solid wood French doors, new flooring, custom tile showers, updated fixtures, and new appliances.
Turnkey & Fully Furnished: Offered fully furnished with vintage designer pieces that seamlessly complement the home's architecture and aesthetic, providing a turnkey solution.
Exceptional Outdoor Living & Expansion Potential: Boasts a private backyard with a pool, sweeping mountain views, a Bocce court, organic landscaping, and an oversized lot with ample space for an ADU or guest house.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-05-22. The sold price is $750,000.00.
Original Construction Age: While extensively renovated, the home's original construction dates back to 1970, which may lead to concerns about underlying infrastructure or higher insurance premiums for some buyers.
Unspecified HVAC System Status: The description highlights many new features but does not explicitly detail upgrades or the condition of the crucial HVAC/cooling system, which is a significant consideration in Palm Springs' climate.
High Maintenance Outdoor Features: The pool, Bocce court, and organic landscaping, while attractive amenities, will require consistent and potentially costly maintenance, which could be a drawback for some buyers.
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