300 Big Canyon Drive N, Palm Springs, California 92264, Palm Springs, 92264 - 4 bed, 5 bath
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Palm Springs, California 92264
This Value-Add Mediterranean Estate represents a Strong Value Opportunity with a List Price of $1,295,000—positioned well below the $1,410,015 Fair Market Value by 8%. This valuation gap provides $115,015 in Instant Equity for buyers ready to modernize its Condition Score 4 interior. Featuring panoramic mountain views, a private pool and spa, and a detached ADU/casita, the property offers significant upside through cosmetic restoration. Located in the gated Canyons at Belardo, it is a prime acquisition for Value-Add Investors or Owner-Occupants seeking a custom redesign project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 300 Big Canyon Drive N Subject | $1,295,000* List Price | 4 | 5 | 2,650 | $532 | - |
A 1251 E San Lorenzo Road Sold | $1,550,000 | 4 | 3 | 2,494 | $621 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2004, the property is 22 years old and appears to have mostly original finishes. The bathrooms and interior spaces feature dated Mediterranean-style cabinetry, tile, and fixtures typical of the early 2000s. The listing description explicitly identifies the home as a 'canvas for thoughtful restoration or redesign,' confirming it needs updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12197, living area = 2650.
Situated in the exclusive gated Canyons at Belardo enclave at the base of the San Jacinto Mountains, the property offers dramatic mountain views and is within walking distance of downtown Palm Springs.
The expansive single-level floor plan includes a detached ADU/casita, providing excellent versatility for guests, a home office, or multi-generational living.
The property is positioned as a 'compelling canvas for restoration,' indicating that significant cosmetic or structural updates may be necessary to modernize the 2004 Mediterranean aesthetic.
Local elementary and middle schools carry lower ratings (4/10), which may be a consideration for families prioritizing top-tier educational proximity.
Set behind the gates of one of Palm Springs’ most coveted canyon enclaves, this four-bedroom, five-bathroom residence presents a rare opportunity to reimagine a substantial estate at the base of the San Jacinto Mountains—just a short stroll from downtown. Originally constructed in 2003 with a Mediterranean sensibility, the home offers an expansive single-level layout anchored by soaring ceilings and generous living volumes, designed to capture natural light and frame sweeping mountain views. A detached ADU/casita adds flexibility for guests, extended stays, or creative repositioning. The grounds of the 12,197 square foot parcel feature mature, meticulously manicured landscaping that surrounds a private pool and spa, creating a serene desert setting with strong architectural bones already in place. A three-car garage, small motor court, and parking for up to eight vehicles further support the scale and utility of the property. Ready for its next chapter, the home offers a compelling canvas for thoughtful restoration or redesign, with the essential ingredients—location, scale, setting, and mountain drama—already beautifully established.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 2.2 mi
Grades K-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 68% |
| Baths | 5.0 | 3.0 | 86% |
| Square foot | 2,650 | 2,330 | 65% |
| Lot Size | 12,197 | 10,019 | 73% |
| Price | $1.29M | $1.42M | 41% |
| Price per sq ft | $489 | $623 | 27% |
| Built year | 2004 | 1977 | 68% |
| HOA | $270.0 | $0 | 84% |
| Days on market | 31 | 144 | 1% |
May 7, 2026
$1,295,000
Initial Listing
Aug 10, 2004
$1,063,000
Public Record
Dec 31, 2003
$925,000
Public Record