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387 E Valmonte Sur, Palm Springs, California 92262, Palm Springs, 92262 - 5 bed, 6 bath

387 E Valmonte Sur, Palm Springs, California 92262 home-pic-0
ACTIVE$3,995,000
387 E Valmonte Sur, Palm Springs, California 92262
5Beds
6Baths
3,693Sqft
11,326Lot

Price Vs. Estimate

The estimated value ($3,679,965.54) is $315,034.46 (7%) lower than the list price ($3,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Walkability: Situated in the prestigious 'Movie Colony' and just a 3-minute walk from downtown Palm Springs, offering unparalleled convenience and access to local culture.
Top Cons:
Above Market Estimation: The current listing price is approximately 7% higher than the property's estimated market value, which could impact buyer interest or negotiation leverage.

Compared to the nearby listings

Price:$4.00M vs avg $925.0K (+$3,070,000)97%
Size:3,693 sqft vs avg 2,100 sqft97%
Price/sqft:$1.1K vs avg $49196%

More Insights

Built in 2018 (7 years old).
Condition: This property, built in 2018, is a modern masterpiece with top-of-the-line finishes and features. The gourmet kitchen boasts Miele appliances, sleek dark cabinetry, and contemporary lighting. Bathrooms are equally luxurious with large format marble-look tiling, floating vanities, and spacious glass-enclosed showers. All components appear new or virtually new, reflecting current quality standards and design trends, with no deferred maintenance visible. The property's age and high-end specifications align perfectly with the 'Excellent' condition criteria.
Year Built
2018
Close
-
List price
$4M
Original List price
$4M
Price/Sqft
$1,082
HOA
-
Days on market
-
Sold On
-
MLS number
219129320DA
Home ConditionExcellent
Features
Excellent View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

Stunning FURNISHED w/ solar! Modern Masterpiece in the Famous Movie Colony, Palm Springs** Welcome to your dream home in the prestigious Movie Colony of Palm Springs, California. This custom-built modern masterpiece spans just under 4,000 square feet, featuring 5 luxurious bedrooms, each with en suite bathrooms. One bedroom is a private guest casita, perfect for visitors. The outdoor space is designed for ultimate relaxation and entertainment, highlighted by a 1,800-square-foot pool, which won 'Best Pool in America' and was presented by Palm Springs Life magazine in January 2020. The pool features four waterfalls, four fire pits, and a spacious spa that fits 10 people. An expansive open floor plan seamlessly integrates indoor and outdoor living, with a 25-foot pocket door opening to breathtaking mountain views. The gourmet kitchen is equipped with top-of-the-line Miele appliances. This home comes fully furnished with chic, modern decor. Just a 3-minute walk from downtown Palm Springs, the location offers convenience and vibrant local culture. Additional outdoor amenities include a full BBQ setup, an extra fire pit, and ample outdoor seating. Experience modern, cool living in this extraordinary property. With its impeccable design, prime location, and luxurious amenities, this home represents a rare opportunity to own a piece of Palm Springs paradise.

Nearby schools

7/10
Katherine Finchy Elementary School
Public,•K-5•0.5mi
4/10
Raymond Cree Middle School
Public,•6-8•1.0mi
4/10
Desert Learning Academy
Public,•K-12•1.7mi
6/10
Palm Springs High School
Public,•9-12•1.7mi
Condition Rating
Excellent
This property, built in 2018, is a modern masterpiece with top-of-the-line finishes and features. The gourmet kitchen boasts Miele appliances, sleek dark cabinetry, and contemporary lighting. Bathrooms are equally luxurious with large format marble-look tiling, floating vanities, and spacious glass-enclosed showers. All components appear new or virtually new, reflecting current quality standards and design trends, with no deferred maintenance visible. The property's age and high-end specifications align perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Prime Location & Walkability: Situated in the prestigious 'Movie Colony' and just a 3-minute walk from downtown Palm Springs, offering unparalleled convenience and access to local culture.
Award-Winning Outdoor Oasis: Features an 1,800 sqft pool, recognized as 'Best Pool in America' by Palm Springs Life magazine, complete with four waterfalls, four fire pits, a 10-person spa, and a full BBQ setup, ideal for entertainment.
Modern Luxury & High-End Finishes: A custom-built modern masterpiece with a gourmet kitchen equipped with top-of-the-line Miele appliances and comes fully furnished with chic, modern decor.
New Construction & Energy Efficiency: Built in 2018, this relatively new property includes solar, contributing to energy efficiency and potentially lower utility costs.
Spacious & Versatile Accommodation: Boasts 5 luxurious bedrooms, each with an en-suite bathroom, including a private guest casita, providing ample space and privacy for residents and guests.

Cons

Above Market Estimation: The current listing price is approximately 7% higher than the property's estimated market value, which could impact buyer interest or negotiation leverage.
High Operating Costs: The extensive luxury amenities, particularly the large, elaborate pool and multiple fire features, will likely incur significant ongoing maintenance and utility expenses.
Niche Aesthetic Appeal: While a 'modern masterpiece,' the specific contemporary design may appeal to a more niche market, potentially limiting the pool of prospective buyers compared to more traditional styles.

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