423 Fountain Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 4 bath

423 Fountain Drive, Palm Springs, California 92262 home-pic-0
ACTIVE$899,000
423 Fountain Drive, Palm Springs, California 92262
3Beds
4Baths
1,894Sqft
5,227Lot

Price Vs. Estimate

The estimated value ($899,000) is $0 (0%) lower than the list price ($899,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Modern Appeal: Built in 2022, this home boasts a modern open floor plan filled with natural light, offering contemporary design and finishes.
Top Cons:
High Monthly Association Fees: The property carries a substantial monthly association fee of $510, which adds a significant recurring cost to homeownership.

Compared to the nearby listings

Price:$899.0K vs avg $925.0K ($-26,000)48%
Size:1,894 sqft vs avg 2,096 sqft41%
Price/sqft:$475 vs avg $49046%

More Insights

Built in 2022 (3 years old).
Condition: This property was built in 2022, making it a new construction. The kitchen features premium Bertazzoni & Bosch appliances, a Samsung refrigerator, crisp white cabinetry, and a large island, all appearing brand new and modern. The 3.5 bathrooms, including three with walk-in showers, also showcase contemporary fixtures and finishes. The home boasts smart home upgrades, owned solar, and modern flooring throughout, indicating all components are new or virtually new with no deferred maintenance.
Year Built
2022
Close
-
List price
$899K
Original List price
$1.09M
Price/Sqft
$475
HOA
$510
Days on market
-
Sold On
-
MLS number
219134494DA
Home ConditionExcellent
Features
Good View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

Reduced and priced to sell ! Exclusive private gated community of Miralon in Palm Springs, just minutes from downtown! This home comes with OWNED SOLAR, providing energy efficiency, savings, and long-term value. The private yard features a sparkling 8x15 cocktail pool with tanning shelf and umbrella sleeve, outdoor shower, programmable pool heater, drip irrigation, and landscape lighting--all framed by a peek at the San Jacinto Mountains. Inside, the modern open floor plan is filled with natural light. The kitchen boasts premium Bertazzoni & Bosch appliances, a Samsung refrigerator with interior beverage center, crisp white cabinetry, and a large island with bar seating. Smart home upgrades include Brilliant switches, Honeywell smart thermostat, programmable exterior lights, Ring system, and keyless entry. All bedrooms are spacious, including a primary retreat with outdoor access. With 3.5 baths, three with walk-in showers, the home blends comfort and style. Community amenities include lakes, dog parks, walking trails, plus a clubhouse with pools, spa, gym, yoga/Pilates, bar, demo kitchen, herb gardens, olive tree groves and more!

Condition Rating
Excellent

This property was built in 2022, making it a new construction. The kitchen features premium Bertazzoni & Bosch appliances, a Samsung refrigerator, crisp white cabinetry, and a large island, all appearing brand new and modern. The 3.5 bathrooms, including three with walk-in showers, also showcase contemporary fixtures and finishes. The home boasts smart home upgrades, owned solar, and modern flooring throughout, indicating all components are new or virtually new with no deferred maintenance.
Pros & Cons

Pros

New Construction & Modern Appeal: Built in 2022, this home boasts a modern open floor plan filled with natural light, offering contemporary design and finishes.
Premium Kitchen & Smart Home Integration: The kitchen features high-end Bertazzoni & Bosch appliances, a Samsung refrigerator, and a large island, complemented by extensive smart home upgrades including Brilliant switches, a Honeywell thermostat, and a Ring system.
Private Outdoor Amenities: Enjoy a private backyard oasis with an 8x15 cocktail pool, tanning shelf, outdoor shower, programmable heater, and landscape lighting, all with a peek at the San Jacinto Mountains.
Exclusive Gated Community with Resort-Style Amenities: Located within the exclusive Miralon gated community, residents have access to lakes, dog parks, walking trails, and a clubhouse with multiple pools, spa, gym, yoga studio, and more.
Energy Efficiency & Desirable Location: The property includes owned solar panels for significant energy savings and is ideally situated in Palm Springs, just minutes from downtown.

Cons

High Monthly Association Fees: The property carries a substantial monthly association fee of $510, which adds a significant recurring cost to homeownership.
Relatively Compact Living Area and Lot Size: With 1894 sqft of living space and a 5227 sqft lot, the property may be considered compact for some buyers, especially given the luxury features and community amenities.
History of Significant Price Reductions: The property has seen multiple substantial price reductions from its original list price of $1.095M to $899K, which could suggest initial overpricing or a longer market time, potentially impacting buyer perception.

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