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356 W Cortez Road, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

356 W Cortez Road, Palm Springs, California 92262 home-pic-0
ACTIVE$875,000
356 W Cortez Road, Palm Springs, California 92262
3Beds
2Baths
1,249Sqft
7,841Lot

Price Vs. Estimate

The estimated value ($875,000) is $0 (0%) lower than the list price ($875,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Modern Renovation: The property has been 'newly renovated and completely reimagined' with significant upgrades including kitchen, flooring, dual-pane windows, and smart home features, offering a move-in ready modern living experience.
Top Cons:
Age of Original Structure: Built in 1955, despite extensive renovations, the underlying structure and some systems (e.g., plumbing, foundation) are older, which could lead to unforeseen maintenance issues not covered by recent upgrades.

Compared to the nearby listings

Price:$875.0K vs avg $925.0K ($-50,000)45%
Size:1,249 sqft vs avg 2,096 sqft5%
Price/sqft:$701 vs avg $49182%

More Insights

Built in 1955 (70 years old).
Condition: Despite being built in 1955, this property has undergone a recent and extensive renovation, as explicitly stated in the description ('newly renovated and completely reimagined'). The kitchen features new cabinets, appliances, and Caesarstone quartz countertops, all in a modern style. Both bathrooms are fully updated with contemporary vanities, fixtures, and tiling. Engineered flooring, dual-paned windows, a new 200 Amp electrical panel, and a new saltwater pool/spa further confirm a comprehensive, high-quality renovation, leaving no deferred maintenance and meeting current quality standards.
Year Built
1955
Close
-
List price
$875K
Original List price
$898K
Price/Sqft
$701
HOA
-
Days on market
-
Sold On
-
MLS number
219133432PS
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Stunning 3 bed / 2 bath modern masterpiece on a serene street in the historic Racquet Club community. This piece of Palm Springs perfection is newly renovated and completely reimagined. Upgrades include the Pebble Tech saltwater pool/spa, beautiful outdoor lighting, drought tolerant landscaping, upgraded irrigation system, bocce ball court, fire-pit, barbecue area, aluminum fencing, dual paned windows, engineered flooring, new kitchen cabinets/appliances with bright caesarstone quartz countertops, Ring cameras, and more. The expansive side yard can accommodate extra parking for an RV or boat. New 200 Amp Main Panel upgrade with 240 v 50 amp dedicated to Walllbox car charger. Nearly the entire home can be controlled remotely allowing for stress-free ownership. Ideally situated just minutes to all Palm Springs has to offer including downtown shopping, restaurants, casinos, and more. This successful short term rental has future bookings already in place and most importantly is within a neighborhood well under the 20% cap. You own the land and with no HOA there's everything to love about 356 Cortez.

Condition Rating
Excellent
Despite being built in 1955, this property has undergone a recent and extensive renovation, as explicitly stated in the description ('newly renovated and completely reimagined'). The kitchen features new cabinets, appliances, and Caesarstone quartz countertops, all in a modern style. Both bathrooms are fully updated with contemporary vanities, fixtures, and tiling. Engineered flooring, dual-paned windows, a new 200 Amp electrical panel, and a new saltwater pool/spa further confirm a comprehensive, high-quality renovation, leaving no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

Extensive Modern Renovation: The property has been 'newly renovated and completely reimagined' with significant upgrades including kitchen, flooring, dual-pane windows, and smart home features, offering a move-in ready modern living experience.
Exceptional Outdoor Living & Amenities: Features a Pebble Tech saltwater pool/spa, bocce ball court, fire-pit, barbecue area, and drought-tolerant landscaping, creating a resort-like backyard perfect for entertainment and relaxation.
Strong Income-Generating Potential: Currently a 'successful short term rental with future bookings already in place' and located in a neighborhood 'well under the 20% cap,' making it an attractive investment opportunity.
Prime Location with No HOA: Ideally situated just minutes to all Palm Springs has to offer including downtown shopping, restaurants, and casinos, and benefits from 'owning the land with no HOA,' providing convenience, full control, and lower recurring costs.
Modern Infrastructure & Smart Home Integration: Upgraded 200 Amp Main Panel with EV charger, Ring cameras, and remote home control capabilities enhance convenience, efficiency, and future-readiness.

Cons

Age of Original Structure: Built in 1955, despite extensive renovations, the underlying structure and some systems (e.g., plumbing, foundation) are older, which could lead to unforeseen maintenance issues not covered by recent upgrades.
Lack of Explicit Cooling System Mention: Given Palm Springs' hot climate, the absence of an explicit mention of a modern cooling system (e.g., new HVAC) in the detailed list of upgrades could be a significant concern for potential buyers.
Potentially Smaller Interior Footprint: At 1249 sqft, the interior living space might be considered compact for some buyers, especially those accustomed to larger homes, despite the extensive outdoor amenities.

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