491 Terra Vita, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath

491 Terra Vita, Palm Springs, California 92262 home-pic-0
ACTIVE$499,000
491 Terra Vita, Palm Springs, California 92262
2Beds
2Baths
1,375Sqft
1,412Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Gated Location: Situated in a prime midtown Palm Springs location within the secure, gated Terra Vita community, offering immediate access to downtown amenities.
Top Cons:
Condominium Restrictions/Privacy: As a condominium, it may entail shared walls, potential noise transfer, and HOA rules that could limit personal modifications or outdoor space usage.

Compared to the nearby listings

Price:$499.0K vs avg $338.0K (+$161,000)72%
Size:1,375 sqft vs avg 1,068 sqft81%
Price/sqft:$363 vs avg $34857%

More Insights

Built in 2012 (13 years old).
Condition: Built in 2012, this property is just outside the strict 10-year 'Excellent' build window, but its condition, style, and features are truly exceptional. The kitchen boasts modern Caesarstone countertops, custom tile flooring, and stainless steel appliances, all appearing pristine. Bathrooms feature contemporary walk-in showers, dual vanities, and beautiful tiling. Throughout the home, modern recessed lighting, well-maintained flooring (tile and carpet), and a stylish aesthetic contribute to a 'virtually new' feel with no visible deferred maintenance or physical depreciation. The overall quality and contemporary design align perfectly with current standards.
Year Built
2012
Close
-
List price
$499K
Original List price
$520K
Price/Sqft
$363
HOA
$550
Days on market
-
Sold On
-
MLS number
25601125PS
Home ConditionExcellent
Features
Good View: None
Deck
View-

About this home

Fabulous Palm Springs pied--terre! In a prime midtown location behind the gates at Terra Vita, this home puts you just moments from downtown while offering a relaxing community setting. The living area is anchored by a stacked stone fireplace and enhanced by modern recessed lighting, while the open-concept kitchen features Caesarstone countertops, counter seating, custom tile flooring, and a spacious pantry. Light and bright throughout, the home includes baths with walk-in showers, and the ensuite primary retreat offers dual vanities and a beautifully tiled shower. Step out to your private balcony, accessible from both the dining area and the primary bedroom, to take in those iconic south-facing mountain views. Additional highlights include generous closet space, a separate laundry room with built-ins, and a direct access two car. Terra Vita is an intimate 42 home community with a resort style pool, spa, and poolside cabana with barbecues, and HOA fees are refreshingly reasonable compared to many others. Stylish, low maintenance, and close to it all, this home is perfect for seasonal use or full time living and welcomes you to your Palm Springs escape.

Nearby schools

7/10
Katherine Finchy Elementary School
Public,K-50.8mi
4/10
Raymond Cree Middle School
Public,6-81.2mi
6/10
Palm Springs High School
Public,9-120.9mi
4/10
Desert Learning Academy
Public,K-121.0mi
Condition Rating
Excellent

Built in 2012, this property is just outside the strict 10-year 'Excellent' build window, but its condition, style, and features are truly exceptional. The kitchen boasts modern Caesarstone countertops, custom tile flooring, and stainless steel appliances, all appearing pristine. Bathrooms feature contemporary walk-in showers, dual vanities, and beautiful tiling. Throughout the home, modern recessed lighting, well-maintained flooring (tile and carpet), and a stylish aesthetic contribute to a 'virtually new' feel with no visible deferred maintenance or physical depreciation. The overall quality and contemporary design align perfectly with current standards.
Pros & Cons

Pros

Prime Gated Location: Situated in a prime midtown Palm Springs location within the secure, gated Terra Vita community, offering immediate access to downtown amenities.
Modern & Stylish Interior: Features a 2012 build with contemporary finishes including an open-concept kitchen with Caesarstone, stacked stone fireplace, recessed lighting, and updated baths with walk-in showers.
Iconic Mountain Views & Private Balcony: Enjoy iconic south-facing mountain views from a private balcony, accessible from both the dining area and the primary bedroom.
Resort-Style Community Amenities: Access to an intimate community with a resort-style pool, spa, and poolside cabana with barbecues, enhancing lifestyle and value.
Low Maintenance & Versatile Living: A low-maintenance condominium ideal for both seasonal and full-time living, complemented by reasonable HOA fees and practical features like a two-car garage and laundry room.

Cons

Condominium Restrictions/Privacy: As a condominium, it may entail shared walls, potential noise transfer, and HOA rules that could limit personal modifications or outdoor space usage.
Limited Private Outdoor Space: The small lot size (1412 sqft) means very limited private outdoor space beyond the balcony, which might not appeal to buyers seeking a yard.
Recent Price Adjustment: A recent price reduction from $520,000 to $499,000 could indicate market resistance or suggest the property was initially overpriced, potentially affecting buyer perception.

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