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38224 Maracaibo Circle W, Palm Springs, California 92264, Palm Springs, 92264 - 4 bed, 4 bath

38224 Maracaibo Circle W, Palm Springs, California 92264 home-pic-0
ACTIVE$1,800,000
38224 Maracaibo Circle W, Palm Springs, California 92264
4Beds
4Baths
4,093Sqft
21,344Lot

Price Vs. Estimate

The estimated value ($813,072.04) is $986,927.96 (54%) lower than the list price ($1,800,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 21344, living area = 4093.
Top Cons:
Significant Price Discrepancy: The current listing price of $1.8M is substantially higher than the estimated property value of $813,072, indicated by a -54% estimation ratio, which may present a challenge for valuation or financing.

Compared to the nearby listings

Price:$1.80M vs avg $1.28M (+$518,000)79%
Size:4,093 sqft vs avg 2,178 sqft96%
Price/sqft:$440 vs avg $59118%

More Insights

Built in 1987 (38 years old).
Condition: The property was built in 1987, making it 37 years old. While it features some updated elements like modern light fixtures in the living room and dining area, and a wet bar, the kitchen and bathrooms appear largely original or last renovated 15-30 years ago. The kitchen has older style cabinetry, white appliances (some built-in, some freestanding), and what appears to be tile countertops, which are dated. The bathrooms also show older tile work, fixtures, and vanity styles. The flooring is primarily large format tile, which is durable but can also be dated depending on the style. The description mentions 14-foot exposed wood beamed ceilings and a climate-controlled 3-car garage, and 41 owned solar panels, which are positive features. However, the core elements of the kitchen and bathrooms, crucial for a 'good' or 'excellent' rating, are not up to current modern standards and would likely require significant updates for most buyers. It is well-maintained but shows its age in key areas.
Year Built
1987
Close
-
List price
$1.8M
Original List price
$1.92M
Price/Sqft
$440
HOA
$235
Days on market
-
Sold On
-
MLS number
219125789PS
Home ConditionFair
Features
Excellent View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

Welcome to Parc Andreas, a private and gated community set above the valley floor in the Andreas Hills. This very private residence is set on a half an acre of land with majestic 360-degree views of the San Jacinto mountains. This home features 14-foot exposed wood beamed ceilings, offering both formal living and dining room areas for large gatherings. All four well-sized bedrooms are ensuite and there are 2 primary suites, one of which offers accessibility, custom built-ins, a gas fireplace, 2 walk-in closets and 2 patios. The floorplan provides privacy for guests with 2 of the bedrooms located away from the primary suite. French doors lead out to the backyard with several entertaining areas, perfect for indoor/outdoor living. The backyard features a salt-water pool and spa with spectacular views and is full with trees and foliage that offers privacy as well as several large grassy areas for pets, lawn games or just pure relaxation. There is a 3-car climate-controlled garage with plenty of storage and 41 owned solar panels. Just minutes away from downtown Palm Springs, Andreas Parc is the ideal location for outdoor activities like hiking, biking and world-class golf. Please call to schedule your private showing of this magnificent home today!

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•2.7mi
4/10
Raymond Cree Middle School
Public,•6-8•5.1mi
4/10
Desert Learning Academy
Public,•K-12•3.2mi
6/10
Palm Springs High School
Public,•9-12•3.5mi
Condition Rating
Fair
The property was built in 1987, making it 37 years old. While it features some updated elements like modern light fixtures in the living room and dining area, and a wet bar, the kitchen and bathrooms appear largely original or last renovated 15-30 years ago. The kitchen has older style cabinetry, white appliances (some built-in, some freestanding), and what appears to be tile countertops, which are dated. The bathrooms also show older tile work, fixtures, and vanity styles. The flooring is primarily large format tile, which is durable but can also be dated depending on the style. The description mentions 14-foot exposed wood beamed ceilings and a climate-controlled 3-car garage, and 41 owned solar panels, which are positive features. However, the core elements of the kitchen and bathrooms, crucial for a 'good' or 'excellent' rating, are not up to current modern standards and would likely require significant updates for most buyers. It is well-maintained but shows its age in key areas.
Pros & Cons

Pros

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 = 21344, living area = 4093.
Prime Location & Panoramic Views: Located in the private, gated Parc Andreas community, this residence offers majestic 360-degree views of the San Jacinto mountains and is just minutes from downtown Palm Springs.
Energy Efficiency: The property is equipped with 41 owned solar panels, providing significant energy savings and a reduced environmental footprint.
Luxurious & Flexible Accommodations: Features include 14-foot exposed wood beamed ceilings, four well-sized ensuite bedrooms, and two primary suites (one with accessibility features), offering comfort and privacy.
Expansive Outdoor Living: Set on a half-acre lot, the backyard boasts a saltwater pool and spa with spectacular views, multiple entertaining areas, and lush, private landscaping with grassy spaces.
Premium Amenities: The home includes a 3-car climate-controlled garage with ample storage, and dedicated formal living and dining rooms suitable for large gatherings.

Cons

Significant Price Discrepancy: The current listing price of $1.8M is substantially higher than the estimated property value of $813,072, indicated by a -54% estimation ratio, which may present a challenge for valuation or financing.
Property Age & Potential Updates: Built in 1987, the property is older than some comparable homes in the area, and the description does not detail comprehensive updates to major systems (e.g., HVAC, plumbing, electrical) beyond the solar installation, potentially implying future renovation costs.
Recurring Association Fees: The property is subject to a monthly association fee of $235, which is an ongoing cost that may not be present in all alternative luxury properties in the broader Palm Springs area.

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