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427 N Avenida Caballeros, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 5 bath

427 N Avenida Caballeros, Palm Springs, California 92262 home-pic-0
ACTIVE$3,100,000
427 N Avenida Caballeros, Palm Springs, California 92262
4Beds
5Baths
4,265Sqft
15,682Lot

Price Vs. Estimate

The estimated value ($2,905,189.835) is $194,810.165 (6%) lower than the list price ($3,100,000). This property may be overpriced.

Key pros and cons

Top Pros:
Architectural Masterpiece & Exclusive Location: This property is a 'one-of-a-kind masterpiece designed by architect Chris Mills' and is situated in 'Palm Springs most exclusive area,' offering unique design and a prestigious address.
Top Cons:
Overpriced Relative to Market Estimation: The current listing price of $3.1M is 6% higher than the estimated property value of approximately $2.9M, suggesting it may be priced above current market expectations.

Compared to the nearby listings

Price:$3.10M vs avg $925.0K (+$2,175,000)96%
Size:4,265 sqft vs avg 2,100 sqft97%
Price/sqft:$727 vs avg $49185%

More Insights

Built in 2018 (7 years old).
Condition: This property, built in 2018, is only 6 years old and presents as a newly constructed, high-end residence. The description highlights it as a 'masterpiece' with 'bespoke amenities,' 'exclusive finishes,' and a 'gourmet kitchen' equipped with 'top-of-the-line appliances and sleek finishes.' The images confirm a very modern and luxurious aesthetic throughout, featuring contemporary light fixtures, large format tile flooring, and state-of-the-art kitchen and bathroom designs. The 'luxurious ensuite bathrooms' are described as epitomizing 'contemporary comfort.' There are no signs of deferred maintenance or physical depreciation, and all components meet current quality standards, including an added solar system. This aligns perfectly with the 'Excellent' condition criteria.
Year Built
2018
Close
-
List price
$3.1M
Original List price
$3.98M
Price/Sqft
$727
HOA
-
Days on market
-
Sold On
-
MLS number
219125583DA
Home ConditionExcellent
Features
Excellent View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

This one-of-a-kind masterpiece designed by architect Chris Mills is located in Palm Springs most exclusive area. Be astounded by an array of bespoke amenities and exclusive finishes. This captivating view residence spans 4,265 square feet, designed for a flawless flow between indoor and outdoor. Embrace the open-concept layout, where natural light pours in illuminating the meticulously crafted interiors. High ceilings and clean lines define the public areas, which lead to outdoor spaces and unmatched mountain views inviting relaxation and effortless living. The gourmet kitchen is a masterpiece, equipped with top-of-the-line appliances and sleek finishes, a perfect setting for culinary adventures. Relax in one of the three spacious bedrooms, each designed as a tranquil retreat complemented by luxurious ensuite bathrooms that epitomize contemporary comfort. Enjoy hosting guests in their own inviting private casita. Situated on a generous 15,681 square-foot lot, the outdoor area is a private oasis, ideal for soaking up the sun, morning swims or hosting al fresco gatherings set in the tranquility of the lushly landscaped grounds, accented by contemporary design elements. A Solar System is an added plus. This residence offers a new level of living with total security, comfort and style.

Nearby schools

7/10
Katherine Finchy Elementary School
Public,•K-5•0.6mi
4/10
Raymond Cree Middle School
Public,•6-8•1.1mi
4/10
Desert Learning Academy
Public,•K-12•1.3mi
6/10
Palm Springs High School
Public,•9-12•1.3mi
Condition Rating
Excellent
This property, built in 2018, is only 6 years old and presents as a newly constructed, high-end residence. The description highlights it as a 'masterpiece' with 'bespoke amenities,' 'exclusive finishes,' and a 'gourmet kitchen' equipped with 'top-of-the-line appliances and sleek finishes.' The images confirm a very modern and luxurious aesthetic throughout, featuring contemporary light fixtures, large format tile flooring, and state-of-the-art kitchen and bathroom designs. The 'luxurious ensuite bathrooms' are described as epitomizing 'contemporary comfort.' There are no signs of deferred maintenance or physical depreciation, and all components meet current quality standards, including an added solar system. This aligns perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Architectural Masterpiece & Exclusive Location: This property is a 'one-of-a-kind masterpiece designed by architect Chris Mills' and is situated in 'Palm Springs most exclusive area,' offering unique design and a prestigious address.
Luxury Finishes & Gourmet Kitchen: The residence boasts an 'array of bespoke amenities and exclusive finishes,' including a 'gourmet kitchen' equipped with top-of-the-line appliances and sleek finishes.
Seamless Indoor/Outdoor Living & Mountain Views: Designed for a 'flawless flow between indoor and outdoor' spaces, the property features an 'open-concept layout' and 'unmatched mountain views' from its private outdoor oasis.
Private Guest Casita: The property includes an 'inviting private casita,' providing additional luxurious accommodation for guests or versatile living space.
Modern Construction & Energy Efficiency: Built in 2018, the home benefits from modern construction standards and includes an 'added plus' of a solar system, contributing to energy efficiency.

Cons

Overpriced Relative to Market Estimation: The current listing price of $3.1M is 6% higher than the estimated property value of approximately $2.9M, suggesting it may be priced above current market expectations.
Significant Price Reduction: The property has seen a substantial price reduction from its original list price of $3.975M to $3.1M, which could indicate initial overpricing or a longer market presence.
Unspecified Cooling System: Despite being a modern build in a hot climate, the property description does not explicitly mention the type or presence of a cooling system, which is a crucial amenity for comfort in Palm Springs.

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