3060 N Farrell Drive, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 3 bath

3060 N Farrell Drive, Palm Springs, California 92262 home-pic-0

3060 N Farrell Drive

Palm Springs, California 92262

ACTIVE
CONDITION: POOR
4Beds
3Baths
2,016Sq Ft
14,375Lot Size

Property Price

LIST PRICE$725,000
EST. MARKET VALUE
$651,152
11% AboveMARKET VALUE

SUMMARY

Analysis of 3060 N Farrell Drive, Palm Springs, California 92262 reveals a property with a current list price of $725,000, which is 11% above the estimated $651,152 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.

Estimated Market Value

$651,152
Based on Realkey algorithm analyzing recent comparable sales in Palm Springs.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
3060 N Farrell Drive
Subject
$725,000*
List Price
432,016$323-
A
2207 N Viminal Road
Sold
$650,000441,904$3410.6 mi
B
2100 Nicola Road E
Sold
$555,000331,541$3600.7 mi
C
2643 E Venetia Road
Sold
$599,900321,550$3870.5 mi
D
1840 E Joyce
Active
$730,000
List Price
421,584$4610.4 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

Marketed as a 'toolbox special,' this 1965 property has been held by the same owner for over 50 years and requires a comprehensive interior rehabilitation. While the listing notes maintained mechanical systems (roof, A/C), the kitchen, bathrooms, flooring, and fixtures are severely outdated and require substantial modernization to meet current living standards.

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 = 14375, living area = 2016.

  • Expansive Lot & Development Potential

    The oversized 1/3-acre lot provides significant space for an ADU, pool, or custom landscaping, offering rare value-add potential in a growing neighborhood.

  • Maintained Core Systems

    Despite being a fixer-upper, the property features well-maintained mechanicals including the roof, A/C, and heating systems, reducing the initial burden of essential repairs.

CONSRISKS & DEFICIENCIES

  • Extensive Renovation Needed

    Marketed as a 'toolbox' special, the home requires a comprehensive overhaul to modernize its 1965 original condition and meet current market standards.

  • Dated Interior Condition

    Held by the same owner for over 50 years, the interior likely requires a full cosmetic transformation to address decades of wear and outdated design elements.

About 3060 N Farrell Drive

Bring 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.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1965
Lot Size
14,375 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Palm Springs Unified Schools

Vista Del Monte Elementary School

Grades K-5 • 1.2 mi

6/10

Katherine Finchy Elementary School

Grades K-5 • 1.8 mi

7/10

Raymond Cree Middle School

Grades 6-8 • 1.3 mi

4/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
70%
Baths3.03.0
50%
Square foot2,0161,964
51%
Lot Size14,3759,583
87%
Price$725.0K$895.0K
30%
Price per sq ft$360$477
24%
Built year19651989
29%
HOA$0$0
50%
Days on market16179
1%

Pricing History

Listed for Sale

Feb 19, 2026

$725,000

Initial Listing

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