3252 N Mountain Shadow Drive, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Value-Add Desert Residence is a Strong Value Opportunity, listed at $425,000—positioned well below the $430,369 Fair Market Value by 1%. This valuation provides $5,369 in Instant Equity. While maintaining a Condition Rating of 4, the home features a private pool and spa, mountain views, and the significant advantage of fee land ownership with no HOA. Located near Vista Del Monte Elementary, the property offers a functional layout ready for cosmetic modernization. This is an ideal entry point for Owner-Occupants or first-time buyers looking to build equity in North Palm Springs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3252 N Mountain Shadow Drive Subject | $425,000* List Price | 2 | 2 | 936 | $460 | - |
A 3291 N Sandspring Drive Active | $434,900 List Price | 2 | 2 | 936 | $465 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1982, falls into the 'fair' category as it is functional and maintained but shows clear signs of age. While the kitchen has received a light update with modern stainless steel appliances and grey shaker-style cabinetry, the bathrooms remain dated with older oak-finish vanities and gold-trimmed shower enclosures. The consistent tile flooring throughout is practical, but the overall interior requires cosmetic improvements and modernization to meet current market standards.
The property is situated on fee land with no HOA fees, providing significant long-term value and financial flexibility compared to many leased-land properties in Palm Springs.
The home features a private backyard retreat with an in-ground pool and spa, offering a quintessential desert lifestyle and high appeal for both residents and investors.
Located on the north end of Palm Springs, the property offers mountain views and easy access to downtown and the airport while maintaining a relaxed, less congested atmosphere.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The home requires cosmetic improvements and updates throughout, which will necessitate additional immediate capital investment to reach its full market potential.
At just 936 square feet with a single-car garage, the compact layout may be restrictive for buyers seeking more spacious living areas or extensive storage.
Discover the potential in this 2-bedroom, 2-bath home located on the north end of Palm Springs, offering excellent value, an open setting, and convenient access throughout the city. Just minutes from downtown Palm Springs and the airport, you're close to everything while enjoying a more relaxed, less congested environment. Situated on fee land (you own the land) with no HOA, this property stands out as a rare opportunity with long-term value and flexibility. The home features a functional layout with a lightly updated kitchen, providing a solid foundation for your personal updates. While it could use some cosmetic improvements, it's well-suited for buyers looking to add value and make it their own. Step outside to your private backyard retreat, complete with an in-ground pool and spa, perfect for enjoying the desert lifestyle or entertaining guests. A detached 1-car garage adds versatility for parking, storage, or workspace. Whether you're looking for a primary residence, second home, or investment property, this home offers a compelling combination of location, convenience, ownership (fee land), and upside potential.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 8% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 936 | 1,909.5 | 1% |
| Lot Size | 3,920 | 9,583 | 3% |
| Price | $425.0K | $875.0K | 5% |
| Price per sq ft | $454 | $481 | 42% |
| Built year | 1982 | 1986 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 185 | 1% |
Mar 24, 2026
$425,000
Initial Listing
Jun 30, 2014
$125,000
Public Record
Aug 9, 2005
$11,500
Public Record