3088 Linea Terrace, Palm Springs, California 92264, Palm Springs, 92264 - 4 bed, 5 bath

3088 Linea Terrace, Palm Springs, California 92264 home-pic-0
ACTIVE$5,100,000
3088 Linea Terrace, Palm Springs, California 92264
4Beds
5Baths
4,790Sqft
18,295Lot

Price Vs. Estimate

The estimated value ($4,006,773.02) is $1,093,226.98 (21%) lower than the list price ($5,100,000). This property may be overpriced.

Key pros and cons

Top Pros:
Award-Winning Architectural Design: An architectural masterpiece designed by Poon Design Inc., this G-floor plan won an American Institute of Architects (AIA) Housing Award, signifying exceptional design and quality.
Top Cons:
Significant Price Discrepancy: The current listing price of $5.1 million is 21% higher than the estimated property value of approximately $4.01 million, which may indicate overvaluation or require a price adjustment.

Compared to the nearby listings

Price:$5.10M vs avg $1.28M (+$3,818,000)99%
Size:4,790 sqft vs avg 2,178 sqft98%
Price/sqft:$1.1K vs avg $59798%

More Insights

Built in 2017 (8 years old).
Condition: This property, built in 2017, is only 7 years old and aligns perfectly with the 'Excellent' criteria for being built within the last 10 years. The MLS description highlights it as an 'architectural masterpiece' with 'clean, minimalist lines' and 'top-of-the-line appliances.' The images confirm a pristine, modern aesthetic throughout, featuring a sleek kitchen with a large island and integrated appliances, and luxurious bathrooms with walk-in steam showers, floating vanities, and contemporary fixtures. All components appear new or virtually new, with no signs of wear or deferred maintenance, meeting current high-quality standards.
Year Built
2017
Close
-
List price
$5.1M
Original List price
$5.39M
Price/Sqft
$1,065
HOA
$335
Days on market
-
Sold On
-
MLS number
219126200DA
Home ConditionExcellent
Features
Excellent View: Desert, Hills, Mountain(s), Panoramic, Valley
Pool
Spa
Patio
ViewDesert, Hills, Mountain(s), Panoramic, Valley

About this home

An architectural masterpiece designed by Poon Design Inc., this G-floor plan won an American Institute of Architects (AIA) Housing Award.Properties of this caliber are rare to find. Linea--Palm Springs' exclusive gated enclave of 14 modern estates--features clean, minimalist lines and 150 linear feet of Fleetwood glass sliding doors, offering breathtaking mountain views.Spanning nearly half an acre and 4,790 square feet, this four-bedroom retreat exudes sophistication and timeless elegance. The main house boasts an open floor plan and is an entertainer's dream home, with its kitchen featuring a lavish 17-ft counter island, sleek lines, and top-of-the-line appliances. Gallery walls for adding large-scale artwork are an art lover's dream, with a 10 ft 6 in ceiling height. The primary suite is the crown jewel: with a luxurious soaking tub, an indulgent walk-in steam shower and a vast walk-in closet. Two guest suites, each with en-suite bathrooms, offer refined comfort.Only a few homes at Linea and in Palm Springs have a separate guest house with a front door entrance to the main street--perfect for hosting friends and family. It also provides flexibility to use as a home office, yoga/workout space, or anything you desire.An indoor and outdoor home oasis: step outside to a 60' reflecting lap pool, hot tub, outdoor shower, outdoor lounge areas with a covered pergola, a grilling area, a kitchenette, and a cozy fire pit area.The property includes three 3-car garage with a 220V outlet for an electric vehicle and owned solar.In the best location in Palm Springs, Andreas Hills is famous for hiking, horseback riding, waterfalls, unobstructed views with no power lines, owned land, and proximity--just a few miles from downtown Palm Springs and HWY-111.Linea is a retreat for one person or a place to gather with family and friends to celebrate life. Arrange for your private viewing today.

Nearby schools

4/10
Cahuilla Elementary School
Public,K-52.2mi
4/10
Raymond Cree Middle School
Public,6-84.7mi
4/10
Desert Learning Academy
Public,K-122.8mi
6/10
Palm Springs High School
Public,9-123.1mi
Condition Rating
Excellent

This property, built in 2017, is only 7 years old and aligns perfectly with the 'Excellent' criteria for being built within the last 10 years. The MLS description highlights it as an 'architectural masterpiece' with 'clean, minimalist lines' and 'top-of-the-line appliances.' The images confirm a pristine, modern aesthetic throughout, featuring a sleek kitchen with a large island and integrated appliances, and luxurious bathrooms with walk-in steam showers, floating vanities, and contemporary fixtures. All components appear new or virtually new, with no signs of wear or deferred maintenance, meeting current high-quality standards.
Pros & Cons

Pros

Award-Winning Architectural Design: An architectural masterpiece designed by Poon Design Inc., this G-floor plan won an American Institute of Architects (AIA) Housing Award, signifying exceptional design and quality.
Exclusive Gated Community & Prime Location: Located within Linea, an exclusive gated enclave of 14 modern estates in Andreas Hills, known for its natural beauty, unobstructed views, owned land, and proximity to downtown Palm Springs.
Breathtaking Panoramic Views & High-End Glass Features: Features 150 linear feet of Fleetwood glass sliding doors, offering expansive and breathtaking panoramic views of the mountains, desert, and valley.
Extensive Resort-Style Outdoor Amenities: The outdoor space is a true oasis, boasting a 60' reflecting lap pool, hot tub, outdoor shower, covered pergola, grilling area, kitchenette, and a cozy fire pit.
Separate Guest House & Versatile Space: Includes a rare separate guest house with its own entrance, providing ideal accommodation for guests or flexible use as a home office or workout space.

Cons

Significant Price Discrepancy: The current listing price of $5.1 million is 21% higher than the estimated property value of approximately $4.01 million, which may indicate overvaluation or require a price adjustment.
High Monthly Association Fees: A monthly association fee of $335 adds to the ongoing cost of ownership, which could be a consideration for potential buyers.
Niche Market Appeal: While highly desirable for a specific clientele, the property's ultra-luxury status, award-winning modern design, and high price point cater to a niche market, potentially leading to a longer time on market.

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