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

427 N Avenida Caballeros, Palm Springs, California 92262 home-pic-0

427 N Avenida Caballeros

Palm Springs, California 92262

ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
5Beds
5Baths
4,132Sq Ft
15,682Lot Size

Property Price

LIST PRICE$3,100,000
EST. MARKET VALUE
$3,367,056
7% BelowMARKET VALUE

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

$3,367,056 +$267,056 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Palm Springs.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
427 N Avenida Caballeros
Subject
$3,100,000*
List Price
554,132$815-
A
535 E Via Colusa
Sold
$2,295,000673,554$6460.2 mi
B
2014 E Park Drive
Sold
$2,300,000562,490$9240.8 mi
C
1449 N Via Miraleste
Sold
$2,715,000442,962$9170.9 mi
D
367 Tamarisk Road
Active
$2,995,000
List Price
553,504$8550.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

7/10

Raymond Cree Middle School

Grades 6-8 • 1.1 mi

4/10

Desert Learning Academy

Grades K-12 • 1.3 mi

4/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
95%
Baths5.03.0
95%
Square foot4,1321,964
98%
Lot Size15,6829,583
91%
Price$3.10M$900.0K
97%
Price per sq ft$750$478
86%
Built year20181989
82%
HOA$0$0
50%
Days on market26179
1%

Pricing History

Listed for Sale

Feb 9, 2026

$3,100,000

Initial Listing

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