488 E Laurel Circle, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
488 E Laurel Circle
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 488 E Laurel Circle, Palm Springs, California 92262 reveals a Fairly Priced Property with a current list price of $747,000 aligned with the estimated $760,994 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 488 E Laurel Circle Subject | $747,000* List Price | 3 | 2 | 1,225 | $621 | - |
A 2410 N Starr Road Sold | $599,900 | 3 | 2 | 1,225 | $490 | 0.3 mi |
B 2605 N Kitty Hawk Drive Sold | $700,000 | 3 | 2 | 1,393 | $503 | 0.4 mi |
C 504 E Laurel Circle Active | $913,000 List Price | 3 | 2 | 1,225 | $745 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1959, the property is described as 'mostly original' and explicitly states it requires 'substantial renovation to modernize.' The kitchen features very dated 4x4 tile countertops and backsplash, old cabinets with yellow trim, and visibly aged appliances. Both bathrooms have original 4x4 wall tiles, old vanities, and fixtures, consistent with the property's age and lack of significant updates. Flooring throughout is a mix of worn vinyl/linoleum and older carpet, with some newer tile in one room, but overall shows considerable wear. While the architectural style is a strength, the interior condition, particularly the kitchen and bathrooms, necessitates a complete overhaul, aligning with the 'poor' category's requirement for substantial repairs and rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 10890, living area = 1225.
- Architectural Heritage
A highly sought-after Palmer & Krisel designed home featuring the iconic butterfly roofline, appealing to mid-century modern enthusiasts.
- Desirable Location & Setting
Located on a quiet cul-de-sac within the prestigious Racquet Club Rd Estates, offering a serene and established neighborhood environment.
CONSRISKS & DEFICIENCIES
- Significant Renovation Required
Described as 'mostly original' with dated features like 4"x4" tiles in bathrooms, indicating a need for substantial renovation to modernize and realize its full potential.
- Modest Interior Square Footage
With 1225 sqft, the interior living space is relatively compact for a 3-bedroom home on a quarter-acre lot, which may not suit buyers seeking more expansive interiors.
- Leased Solar System
While beneficial for energy, the solar panels are leased, which can introduce complexities for buyers regarding contract transfer, ongoing costs, and potential limitations compared to owned systems.
About 488 E Laurel Circle
488 Laurel is a sought after butterfly roofline Palmer and Krisel house on a cul-de-sac in Racquet Club Rd Estates. The home has a quarter acre lot with a large clear blue pool. Fantastic views of Mount San Jacinto rise to the west. The home has 3 bedrooms, each with clerestory windows, and two bathrooms with original 4"x 4" tiles in their shower/tub surrounds. The additional square footage adds a dining room with doors out to the pool and yard, and a family room or library. The home also has leased solar panels and a tesla power wall in its enclosed 2 car garage. Bring your imagination to this mostly original Butterfly home and make it your own mid century masterpiece.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 10,890 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Vista Del Monte Elementary School
Grades K-5 • 0.1 mi
Raymond Cree Middle School
Grades 6-8 • 0.8 mi
Palm Springs High School
Grades 9-12 • 2.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 1,225 | 1,964 | 6% |
| Lot Size | 10,890 | 9,583 | 71% |
| Price | $747.0K | $895.0K | 32% |
| Price per sq ft | $610 | $478 | 70% |
| Built year | 1959 | 1989 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 179 | 3% |
Pricing History
Listed for Sale
Jan 16, 2026
$747,000
Initial Listing
Sold
Dec 12, 2000
$187,000
Public Record