431 W Avenida Cerca, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
ACTIVE$695,000
431 W Avenida Cerca, Palm Springs, California 92262
3Beds
2Baths
1,216Sqft
7,841Lot
Price Vs. Estimate
The estimated value ($673,087.9) is $21,912.1 (3%) lower than the list price ($695,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1216.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-04-21. The sold price is $1,000,000.00.
Compared to the nearby listings
Price:$695.0K vs avg $925.0K ($-230,000)21%
Size:1,216 sqft vs avg 2,096 sqft4%
Price/sqft:$572 vs avg $49165%
More Insights
Built in 1965 (60 years old).
Condition: Despite being built in 1965, this property has undergone an extensive and recent renovation, bringing it to an 'excellent' condition. The kitchen boasts modern flat-panel cabinetry, quartz countertops, stainless steel appliances, and a stylish wavy tile backsplash. Bathrooms are fully updated with contemporary vanities, fixtures, backlit mirrors, and modern tiling. Polished concrete-style floors and recessed lighting are consistent throughout the home, creating a fresh and modern aesthetic. The exterior, including the pool and spa, also appears newly designed and meticulously maintained, aligning with current quality standards and showing no deferred maintenance.
Year Built
1965
Close
-
List price
$695K
Original List price
$895K
Price/Sqft
$572
HOA
-
Days on market
-
Sold On
-
MLS number
DW25258378
Home ConditionExcellent
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)
About this home
Located in one of Palm Springs’ most desirable neighborhoods, this stylish mid-century pool home offers the perfect blend of comfort, design, and investment potential. Whether you’re looking for a full-time residence, a vacation getaway, or a proven income-producing rental, this property delivers exceptional versatility and value. The open-concept layout features a modern kitchen, polished concrete-style floors, and recessed lighting throughout. Outside, enjoy a beautifully designed pool and spa framed by mountain and windmill views—perfect for relaxing or entertaining. With no HOA, no land lease, and just minutes from downtown Palm Springs, this home combines convenience with strong long-term appreciation potential. Surrounded by ongoing neighborhood development, including the nearby luxury Miralon community, this is a rare opportunity to own a stylish Palm Springs retreat with both lifestyle and investment appeal.
Nearby schools
7/10
Katherine Finchy Elementary School
Public,•K-5•2.0mi
4/10
Cahuilla Elementary School
Public,•K-5•3.9mi
4/10
Raymond Cree Middle School
Public,•6-8•1.6mi
6/10
Palm Springs High School
Public,•9-12•3.6mi
4/10
Desert Learning Academy
Public,•K-12•3.7mi
Price History
Date
Event
Price
04/21/25
Sold
$1,000,000
05/11/22
Sold
$860,000
07/16/21
Sold
$285,000
05/20/14
Sold
$105,000
Condition Rating
Excellent
Despite being built in 1965, this property has undergone an extensive and recent renovation, bringing it to an 'excellent' condition. The kitchen boasts modern flat-panel cabinetry, quartz countertops, stainless steel appliances, and a stylish wavy tile backsplash. Bathrooms are fully updated with contemporary vanities, fixtures, backlit mirrors, and modern tiling. Polished concrete-style floors and recessed lighting are consistent throughout the home, creating a fresh and modern aesthetic. The exterior, including the pool and spa, also appears newly designed and meticulously maintained, aligning with current quality standards and showing no deferred maintenance.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1216.
Prime Location: Located in a highly desirable Palm Springs neighborhood, just minutes from downtown, offering convenience and strong appeal.
Strong Investment Potential: The property is a proven income-producing rental with strong long-term appreciation potential, surrounded by ongoing luxury development.
Stylish Mid-Century Design & Updates: Features a stylish mid-century aesthetic with modern updates including a modern kitchen, polished concrete-style floors, and recessed lighting.
Private Pool & Spa with Views: Offers a beautifully designed private pool and spa, complemented by mountain and windmill views, ideal for relaxation and entertaining.
No HOA or Land Lease: The absence of HOA fees and a land lease provides significant financial benefits and greater flexibility for the owner.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-04-21. The sold price is $1,000,000.00.
Age of Property: Built in 1965, the property's age may imply potential for deferred maintenance or the need for updates to major systems not explicitly mentioned.
Modest Square Footage: At 1216 sqft, the interior living space might be considered modest for a 3-bedroom home, potentially limiting appeal to buyers seeking larger residences.
Significant Price Reductions: Multiple substantial price drops from the original listing price could indicate initial overpricing or market resistance, potentially raising buyer caution.