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

427 N Avenida Caballeros
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 427 N Avenida Caballeros, Palm Springs, California 92262 reveals a Prime Investment Opportunity with a current list price of $3,100,000—significantly undercutting the $3,367,056 Fair Market Value by 7%. This valuation gap indicates a +$267,056 Instant Equity potential for buyers. 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 |
|---|---|---|---|---|---|---|
★ 427 N Avenida Caballeros Subject | $3,100,000* List Price | 5 | 5 | 4,132 | $815 | - |
A 535 E Via Colusa Sold | $2,295,000 | 6 | 7 | 3,554 | $646 | 0.2 mi |
B 2014 E Park Drive Sold | $2,300,000 | 5 | 6 | 2,490 | $924 | 0.8 mi |
C 1449 N Via Miraleste Sold | $2,715,000 | 4 | 4 | 2,962 | $917 | 0.9 mi |
D 367 Tamarisk Road Active | $2,995,000 List Price | 5 | 5 | 3,504 | $855 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2018, this contemporary estate is well within the 10-year window for an excellent rating. It features high-end Bauformat cabinetry, integrated top-tier appliances, designer lighting, and large-format tile flooring throughout. The property shows no signs of wear, includes modern systems like solar, and maintains a pristine, move-in-ready condition with high-quality architectural finishes.
PROSSTRENGTHS & OPPORTUNITIES
- Architectural Pedigree
Designed by renowned architect Chris Mills, this 2018 contemporary estate features sophisticated lines, soaring ceilings, and high-end Bauformat finishes that appeal to design-conscious buyers.
- Versatile Guest House
The property includes a fully detached private guest house equipped with its own bedroom, bathroom, and kitchen, providing an ideal setup for multi-generational living or high-end hosting.
- Outdoor Oasis
Situated on an expansive 15,682 sqft lot, the grounds offer a private retreat with an outdoor kitchen, lush landscaping, and dramatic mountain views, complemented by a sustainable solar system.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4132, other record living area = 3590. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
- Premium Price Point
At a $3.1 million valuation, the property is priced at the top of the Midtown market, which may be a hurdle for buyers comparing it to more established luxury neighborhoods.
- Average School Ratings
The local middle and high schools carry ratings of 4 and 6 respectively, which may be a drawback for families prioritizing top-tier educational districts.
About 427 N Avenida Caballeros
Architectural sophistication meets exceptional value in this one-of-a-kind contemporary residence designed by renowned architect Chris Mills, offering a rare opportunity to own distinctive architecture within Palm Springs' evolving Midtown corridor. This private estate appeals to discerning buyers who appreciate elevated design, upscale living, and long-term potential.Tucked within the secure Palomino complex--yet not part of the association--a serene retreat unfolds behind the gates. Walls of glass flood the interiors with natural light, creating a seamless connection between refined living spaces, outdoor terraces, and dramatic mountain views. Clean lines, soaring ceilings, and curated designer finishes deliver a sense of quiet sophistication throughout.At the heart of the home, an elegant Bauformat gourmet kitchen anchors both daily living and entertaining, featuring top-tier appliances and sleek modern finishes. Three luxurious bedroom suites offer spa-like comfort, complemented by a private guest house with bedroom, bath, and kitchen providing an inviting retreat for visitors.Set on an expansive lot, the outdoor environment has been thoughtfully designed as a private oasis with lush landscaping, inviting lounge areas, an outdoor kitchen, and ample space for swimming, relaxing, and evening gatherings. A solar system enhances efficiency and sustainability.Equally compelling is the property's positioning within one of Palm Springs' most dynamic growth areas. Midtown is undergoing significant revitalization, including the Connector Core linking the Convention Center to downtown and the addition of the highly anticipated Dream Hotel with multiple restaurants and upscale amenities--bringing new energy, convenience, and vibrancy to the neighborhood.With its distinctive architecture, thoughtful design, and forward-looking location, this residence represents a compelling opportunity to enjoy exceptional living today while benefiting from Palm Springs' next chapter.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2018
- Lot Size
- 15,682 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Katherine Finchy Elementary School
Grades K-5 • 0.6 mi
Raymond Cree Middle School
Grades 6-8 • 1.1 mi
Desert Learning Academy
Grades K-12 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 95% |
| Baths | 5.0 | 3.0 | 95% |
| Square foot | 4,132 | 1,964 | 98% |
| Lot Size | 15,682 | 9,583 | 91% |
| Price | $3.10M | $900.0K | 97% |
| Price per sq ft | $750 | $478 | 86% |
| Built year | 2018 | 1989 | 82% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 179 | 1% |
Pricing History
Listed for Sale
Feb 9, 2026
$3,100,000
Initial Listing

















































































