423 Fountain Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 4 bath
423 Fountain Drive
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 423 Fountain Drive, Palm Springs, California 92262 reveals a Fairly Priced Property with a current list price of $900,000 aligned with the estimated $884,886 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 423 Fountain Drive Subject | $900,000* List Price | 3 | 4 | 1,894 | $467 | - |
A 781 Fountain Drive Sold | $872,000 | 3 | 4 | 1,894 | $460 | 0.2 mi |
B 743 Fountain Drive Sold | $905,000 | 3 | 4 | 1,894 | $478 | 0.2 mi |
C 845 Nugget Sold | $929,000 | 3 | 4 | 2,084 | $446 | 0.2 mi |
D 139 Mustang Lane Sold | $805,000 | 3 | 2 | 1,846 | $436 | 0.6 mi |
E 885 Fountain Drive Sold | $949,000 | 3 | 4 | 2,210 | $429 | 0.2 mi |
F 656 Palladium Boulevard Lot 331 Sold | $1,099,900 | 3 | 4 | 2,330 | $472 | 0.3 mi |
G 484 Fountain Drive Active | $850,000 List Price | 3 | 4 | 1,894 | $449 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property was built in 2022, making it nearly new and well within the 10-year threshold for excellent condition. It features high-end Bertazzoni and Bosch appliances, owned solar panels, and comprehensive smart home technology. The interior boasts modern finishes, including white cabinetry and large kitchen islands, while the bathrooms feature contemporary walk-in showers. There is no evidence of deferred maintenance, and all systems are current and high-quality.
PROSSTRENGTHS & OPPORTUNITIES
- Energy Efficiency & Smart Technology
The property includes fully owned solar panels and a comprehensive smart home suite, including Brilliant switches and Honeywell thermostats, providing significant utility savings and modern convenience.
- Premium Community Amenities
Situated in the exclusive Miralon development, residents have access to resort-style facilities including a luxury clubhouse, full-service gym, yoga studios, dog parks, and extensive walking trails.
- High-End Modern Finishes
Built in 2022, the home features a designer kitchen with premium Bertazzoni and Bosch appliances, complemented by a private outdoor cocktail pool and stunning San Jacinto mountain views.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The monthly association fee of $510 represents a significant recurring expense that may impact the overall affordability for some buyers.
- Compact Outdoor Footprint
The 8x15 cocktail pool and modest lot size may be perceived as restrictive for buyers seeking a traditional full-sized swimming pool or expansive backyard space.
About 423 Fountain Drive
Reduced and priced to sell ! Exclusive private gated community of Miralon in Palm Springs, just minutes from downtown! This PLC Communities built 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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2022
- Lot Size
- 5,227 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $510.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 70% |
| Square foot | 1,894 | 1,964 | 43% |
| Lot Size | 5,227 | 9,583 | 7% |
| Price | $900.0K | $900.0K | 50% |
| Price per sq ft | $475 | $477 | 49% |
| Built year | 2022 | 1989 | 85% |
| HOA | $510.0 | $0 | 95% |
| Days on market | 10 | 179 | 1% |
Pricing History
Listed for Sale
Feb 25, 2026
$900,000
Initial Listing
Sold
Jan 24, 2023
$909,500
Public Record
Sold
Mar 31, 2022
$986,363
Public Record