344 N Sunset Way, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 4 bath

344 N Sunset Way, Palm Springs, California 92262 home-pic-0

344 N Sunset Way

Palm Springs, California 92262

ACTIVE
CONDITION: GOOD
4Beds
4Baths
2,511Sq Ft
14,375Lot Size

Property Price

LIST PRICE$1,199,000
EST. MARKET VALUE
$1,318,380
9% BelowMARKET VALUE

SUMMARY

Analysis of 344 N Sunset Way, Palm Springs, California 92262 reveals a Prime Investment Opportunity with a current list price of $1,199,000—significantly undercutting the $1,318,380 Fair Market Value by 9%. This valuation gap indicates a +$119,380 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,318,380 +$119,380 Equity Potential
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
344 N Sunset Way
Subject
$1,199,000*
List Price
442,511$525-
A
562 N Saturmino Drive
Sold
$1,025,000432,077$4940.4 mi
B
2030 E Amado Road
Sold
$969,000322,431$3990.2 mi
C
1366 E Verbena Drive
Sold
$1,218,000432,724$4470.7 mi
D
444 N Burton Way
Active
$1,349,000
List Price
432,400$5620.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

Despite being built in 1957, this property has undergone extensive recent renovations and mechanical upgrades. The description highlights 'brand-new 5-ton A/C, a 2.5-ton heat pump, new ceiling fans, new washer/dryer, new carpet, new flooring/tile,' and 'upgraded kitchen includes newer appliances, new countertops.' The images confirm a clean, updated kitchen with stainless steel appliances and modern countertops, and updated bathrooms that are functional and well-maintained. The flooring throughout is either new tile, wood-look tile, or new carpet. All major systems appear to be within their expected lifespan or brand new, making the home move-in ready with no immediate renovations required.

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 = 2511.

  • Prime Location & Desirable Neighborhood

    Ideally situated less than five minutes from vibrant downtown Palm Springs in the highly sought-after Sunrise Park subdivision.

  • Resort-Style Outdoor Living

    Expansive 14,000+ sq ft lot featuring sweeping mountain views, an oversized saltwater pool, spa, shaded pergola, and lush landscaping, perfect for entertaining.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 2511, other record living area = 2381.

  • Original Construction Age

    Built in 1957, the property's underlying structure is older, which may present long-term maintenance considerations despite recent cosmetic and mechanical updates.

  • Significant Price Reduction

    The property has undergone a substantial price reduction from its original list price, potentially indicating initial overpricing or market resistance.

About 344 N Sunset Way

First time on the market in over 20 years and an exceptional Sunrise Park offering! Ideally located less than five minutes from vibrant downtown Palm Springs. This charming, private and spacious 4-bedroom residence sits on an expansive 14,000+ sq ft lot and offers over 2,500 square feet of refined desert living. Designed for both elevated everyday living and effortless entertaining, the home showcases sweeping mountain views from the resort-style backyard. Enjoy a sparkling oversized saltwater pool, shaded pergola, and above-ground spa creating the ultimate Palm Springs retreat. Lush landscaping in both front and backyard, ample fruit trees, and multiple outdoor storage sheds further enhance the indoor-outdoor lifestyle this property offers. Inside, the home features updated bathrooms, a newly redone walk-in closet inside primary bedroom, a stylish dry bar, and a tiled living room centered around a cozy fireplace. The upgraded kitchen includes newer appliances, new countertops, and a seamless flow into the main living spaces ideal for hosting. Recent mechanical improvements include a brand-new 5-ton A/C, a 2.5-ton heat pump, new ceiling fans, new washer/dryer, new carpet, new flooring/tile, and pavement painted and resurfaced outside. A total of two A/C units, two furnaces, and two water heaters, offering comfort, efficiency, and peace of mind. Additional highlights include a gated, covered carport for two cars, exceptional privacy, and fee simple land with no HOA, a highly sought-after combination in Palm Springs. This is an excellent opportunity to own a timeless home in one of the city's most desirable neighborhood. Perfect as a full-time residence, second home, or luxury desert escape.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1957
Lot Size
14,375 Sq. Ft.

Interior

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

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
70%
Baths4.03.0
70%
Square foot2,5111,964
73%
Lot Size14,3759,583
87%
Price$1.20M$900.0K
69%
Price per sq ft$477$477
50%
Built year19571989
11%
HOA$0$0
50%
Days on market66180
7%

Pricing History

Listed for Sale

Jan 30, 2026

$1,199,000

$1,399,000

-14% Price Drop

Initial Listing

Price Change

Jan 1, 2026

$1,399,000

Initial Listing

Sold

Mar 24, 2006

$390,000

Public Record

Sold

Mar 26, 2002

$400,000

Public Record

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