3060 N Farrell Drive, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 3 bath
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Palm Springs, California 92262
This Value-Add Residential Asset in Desert Park Estates is listed at $725,000, offering a high-potential canvas for forced appreciation. While the price sits above the $581,817 Fair Market Value, the valuation is anchored by an expansive 14,375 sq ft lot and panoramic Mountain Views. Currently holding a Condition Rating of 5, the 2,016 sq ft interior requires a comprehensive overhaul to meet modern standards. With maintained mechanical systems and proximity to Vista Del Monte Elementary within Palm Springs Unified, this property is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3060 N Farrell Drive Subject | $725,000* List Price | 4 | 3 | 2,016 | $289 | - |
A 2207 N Viminal Road Sold | $650,000 | 4 | 4 | 1,904 | $341 | 0.6 mi |
B 2100 Nicola Road E Sold | $555,000 | 3 | 3 | 1,541 | $360 | 0.7 mi |
C 2643 E Venetia Road Sold | $599,900 | 3 | 2 | 1,550 | $387 | 0.5 mi |
D 1840 E Joyce Active | $715,000 List Price | 4 | 2 | 1,584 | $451 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1965 and held by the same owner for over 50 years, the property is a classic 'fixer-upper' requiring substantial rehabilitation. While the listing notes maintained mechanical systems, the actual interior photos show heavily outdated bathrooms with original fixtures, worn and stained carpeting, and aged wall-mounted cooling units. The kitchen and living spaces require a complete gut renovation to be functional by modern standards, as evidenced by the heavy use of AI-generated 'design idea' renders in the marketing materials to mask the current dilapidated state of the interior finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14375, living area = 2016.
The property sits on a generous 1/3-acre lot, providing ample space for an ADU, a custom pool, or an outdoor oasis, which is a significant value-add in the Palm Springs market.
Unlike many investment properties, this home features well-maintained essential systems including the roof, A/C, and heating, reducing the immediate capital expenditure for structural repairs.
Having been held by the same owner for over 50 years, the interior requires a comprehensive aesthetic overhaul and modernization to meet current luxury market standards.
While Desert Park Estates is evolving, it is still in a transitional phase compared to more established Palm Springs neighborhoods, which may affect immediate resale premium.
Check out the AI design ideas and grab your toolbox! Investment home with serious potential! Let your imagination drift beneath blue desert skies and picture the possibilities. Built in 1965 and lovingly held by the same owner for over 50 years, this spacious retreat rests on an expansive 1/3-acre lot, offering four bedrooms, three full baths, and breathtaking mountain views that feel uniquely Palm Springs.The generous grounds invite inspiration design a dreamy outdoor oasis, add an ADU, create lush gardens, or craft the ultimate poolside entertaining space. With solid mechanicals already well maintained (A/C, heat, roof and more), the foundation is set for transformation. All that's missing is your vision and a touch of love to elevate this classic into a true desert showpiece.Located in the evolving neighborhood of Desert Park Estates, the area is blossoming with new energy and investment. Just to the east, the upcoming Serena Park will introduce estate homes, condominiums, and beautiful green spaces, while nearby Miralon continues to expand with modern luxury living.Whether you envision a weekend escape or a full-time desert haven, this is an affordable opportunity to create something truly magical in Palm Springs.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-5 • 1.8 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 3.0 | 2.0 | 50% |
| Square foot | 2,016 | 1,914 | 54% |
| Lot Size | 14,375 | 9,583 | 87% |
| Price | $725.0K | $875.0K | 37% |
| Price per sq ft | $360 | $481 | 26% |
| Built year | 1965 | 1986 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 63 | 185 | 5% |
Feb 19, 2026
$725,000
Initial Listing