490 E Molino Road, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
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Palm Springs, California 92262
This Stunning Mid-Century Modern Retreat is a Strong Value Opportunity, listed at $775,000—positioned well below the $846,990 Fair Market Value by 8%. This valuation gap offers $71,990 in Instant Equity. Featuring an Excellent Condition Rating with high-end renovations, this turnkey home includes a saltwater lap pool and panoramic mountain views. While school ratings are moderate, the property’s architectural integrity and move-in ready status make it an ideal sanctuary for Owner-Occupants or vacation rental investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 490 E Molino Road Subject | $775,000* List Price | 3 | 2 | 1,672 | $507 | - |
A 400 W Via Escuela Sold | $1,005,000 | 3 | 2 | 1,697 | $592 | 0.9 mi |
B 2097 N Berne Drive Sold | $972,600 | 3 | 2 | 1,830 | $531 | 0.7 mi |
C 505 E Molino Road Sold | $875,000 | 3 | 2 | 1,864 | $469 | 0.0 mi |
D 1022 E El Escudero Street Sold | $749,000 | 3 | 2 | 1,452 | $516 | 0.9 mi |
E 1041 E El Conquistador Sold | $970,000 | 4 | 3 | 2,000 | $485 | 0.9 mi |
F 14 Ashby Circle Sold | $660,000 | 3 | 2 | 1,248 | $529 | 0.8 mi |
G 373 E Simms Active | $849,000 List Price | 3 | 2 | 1,456 | $583 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1963, the property has undergone a comprehensive high-end renovation within the last 5 years. It features a modern kitchen with stainless steel appliances and a glass hood, polished concrete flooring, and updated systems including an app-controlled saltwater pool. The home is in mint, turnkey condition with no visible maintenance needs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 1672.
The property boasts unobstructed, million-dollar mountain views that serve as a backdrop to a premium saltwater lap pool with customizable LED lighting and a professional-grade outdoor entertaining area.
Offered fully furnished and meticulously updated with polished concrete floors and contemporary finishes, this home is move-in ready, making it an ideal secondary residence or immediate investment opportunity.
The transition from polished concrete in the living areas to carpeted bedrooms may detract from the seamless modern aesthetic desired by some high-end desert buyers.
The assigned middle and high schools have ratings of 4 out of 10, which may limit the property's appeal to families prioritizing top-tier public education for a primary residence.
Million-dollar, perfectly unobstructed mountain views take center stage at this stunning Mid-Century Modern retreat in Palm Springs where breathtaking scenery and timeless design come together to create the ultimate desert escape. This beautifully updated and TURNKEY fully furnished home offers quintessential Palm Springs living just minutes from vibrant downtown. Polished concrete floors flow throughout the main living spaces, complemented by stainless steel appliances, a designated laundry area, and stylish contemporary finishes. The flexible office/den offers the ideal space for a fourth bedroom, creative studio, or work-from-home setup. The spacious primary suite features a walk-in closet and direct slider access to the backyard oasis. Designed for both relaxation and entertaining, the outdoor space is truly exceptional. Enjoy a large saltwater lap pool with customizable LED lighting controlled by an app, allowing you to create endless colors and patterns for the perfect evening ambiance. The backyard also features a covered patio, BBQ area, raised sunbathing platform, low-maintenance AstroTurf, and sleek stainless steel fencing all framed by those spectacular panoramic mountain views. Additional highlights include carpeted bedrooms for added comfort and an 2 car garage with epoxy flooring, windows, and a refrigerator, creating a polished and functional extension of the home. Offered turnkey furnished, this is an incredible opportunity to own a true Palm Springs architectural gem ideal as a full-time residence, luxurious vacation retreat, or investment property in one of the desert's most sought-after locations.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,672 | 1,939.5 | 37% |
| Lot Size | 10,454 | 9,583 | 60% |
| Price | $775.0K | $875.0K | 44% |
| Price per sq ft | $464 | $487 | 43% |
| Built year | 1963 | 1986 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 180 | 2% |
May 14, 2026
$775,000
Initial Listing
Jun 30, 2017
$499,000
Public Record
Dec 2, 2013
$398,000
Public Record
Dec 13, 2012
$186,000
Public Record
Oct 3, 2003
$227,000
Public Record