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505 N Camino Real, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 4 bath

505 N Camino Real, Palm Springs, California 92262 home-pic-0
ACTIVE$2,150,000$3,428/sqft
Est. Value: $2,023,239
-5%
AboveEstimate
505 N Camino Real, Palm Springs, California 92262
4Beds
4Baths
3,428Sqft
13,504Lot

Price Vs. Estimate

The estimated value ($2,023,238.735) is $126,761.265 (5%) lower than the list price ($2,150,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Views: Situated in the iconic Movie Colony area on a large corner lot, offering exceptional mountain views and convenient access to Palm Springs city center, restaurants, nightlife, and the airport.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13504, other record lot size in square feet = 12196. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.

Compared to the nearby listings

Price:$2.15M vs avg $900.0K (+$1,250,000)90%
Size:3,428 sqft vs avg 2,023 sqft94%
Price/sqft:$627 vs avg $48074%

More Insights

Built in 1980 (46 years old).
Condition: Despite being built in 1980, this property has clearly undergone an extensive and very recent renovation. The kitchen features modern flat-panel cabinetry, white quartz countertops, stainless steel appliances, and contemporary pendant lighting, all appearing virtually new. The bathrooms are equally updated with modern vanities, quartz counters, large format tile flooring, and walk-in showers with subway tile and rain shower heads. The overall interior boasts a stylish, modern aesthetic with clean lines, updated flooring, and recessed lighting. The outdoor living spaces, including the pool, spa, outdoor kitchen, and firepit, are also in pristine, modern condition. The presence of solar panels further indicates recent, high-quality upgrades, aligning with the 'extensively renovated within 5 years' criteria for an 'Excellent' rating.
Year Built
1980
Close
-
List price
$2.15M
Original List price
$2.35M
Price/Sqft
$627
HOA
-
Days on market
-
Sold On
-
MLS number
219140682DA
Home ConditionExcellent
Features
Excellent View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

Welcome to your LIFESTYLE dream home in the iconic Movie Colony area of Palm Springs. This 4-bedroom, 4-bathroom residence offers a stylish, modern living space, custom-designed for both relaxation and entertainment. Nestled on a large corner lot, this property boasts exceptional mountain views and an expansive outdoor entertainment patio, citrus trees and lawn area. Step inside to discover an open great room where the kitchen, dining, and living areas seamlessly blend, highlighted by a gas wood burning fireplace. The open u-shape kitchen counter surrounding a standalone center island is a chef's dream providing ample space for culinary creativity including a casual breakfast/dining counter. Two primary bedrooms with private bathroom ensuites offering luxurious retreats with direct access to the pool and shaded outdoor patio, while two additional guest bedrooms offer adjoining full-suite bathrooms affording comfort and flexibility for family and visitors. Outdoor living, entertaining in the Palm Springs lifestyle with a sparkling pool, relaxing spa, accented by a stone wall feature waterfall and firepit perfect for gatherings under the starlit desert sky. The outdoor cooking center invites dining year-round. Parking is a breeze with a 2-bay garage plus additional open parking space for guests. The home's well-designed layout includes a laundry room with 2 sets of washers and dryers and an adjacent private large storage room. Conveniently located near the vibrant Palm Springs city center, popular restaurants, nightlife and Palm Springs International Airport, this home is your private oasis in the heart of the desert. This is the opportunity to make this spectacular property your own.

D
Doug Balog
Listing Agent

Nearby schools

7/10
Katherine Finchy Elementary School
Public,•K-5•0.5mi
4/10
Raymond Cree Middle School
Public,•6-8•1.0mi
6/10
Palm Springs High School
Public,•9-12•1.4mi
4/10
Desert Learning Academy
Public,•K-12•1.4mi

Price History

Date
Event
Price
08/08/17
Sold
$875,000
06/26/15
Sold
$690,000
03/30/10
Sold
$415,000
12/29/05
Sold
$825,000
Condition Rating
Excellent
Despite being built in 1980, this property has clearly undergone an extensive and very recent renovation. The kitchen features modern flat-panel cabinetry, white quartz countertops, stainless steel appliances, and contemporary pendant lighting, all appearing virtually new. The bathrooms are equally updated with modern vanities, quartz counters, large format tile flooring, and walk-in showers with subway tile and rain shower heads. The overall interior boasts a stylish, modern aesthetic with clean lines, updated flooring, and recessed lighting. The outdoor living spaces, including the pool, spa, outdoor kitchen, and firepit, are also in pristine, modern condition. The presence of solar panels further indicates recent, high-quality upgrades, aligning with the 'extensively renovated within 5 years' criteria for an 'Excellent' rating.
Pros & Cons

Pros

Prime Location & Views: Situated in the iconic Movie Colony area on a large corner lot, offering exceptional mountain views and convenient access to Palm Springs city center, restaurants, nightlife, and the airport.
Resort-Style Outdoor Living: Features an expansive outdoor entertainment patio, sparkling pool, relaxing spa with a stone wall waterfall, firepit, and an outdoor cooking center, ideal for the Palm Springs lifestyle.
Spacious & Modern Open Concept: A generous 3428 sqft residence with a stylish, modern open great room seamlessly blending kitchen, dining, and living areas, perfect for relaxation and entertainment.
Luxurious Bedroom Accommodations: Boasts two primary bedrooms with private en-suite bathrooms and direct pool access, plus two additional guest bedrooms with adjoining full-suite bathrooms, providing comfort and flexibility for all.
Chef's Dream Kitchen: The open U-shape kitchen counter with a standalone center island and breakfast/dining counter offers ample space and amenities for culinary creativity and casual dining.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13504, other record lot size in square feet = 12196. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Age of Property: Built in 1980, while described as modern, the underlying structure and systems may be older, potentially requiring future updates or higher maintenance costs for major components not explicitly mentioned as new.
Recent Price Reduction: The property has undergone a significant price reduction from its original list price, which could suggest initial overpricing or market resistance, potentially impacting perceived value or time on market.
Lack of Specific HVAC Details: In a desert climate like Palm Springs, details regarding the cooling system's type, age, or energy efficiency are crucial for comfort and utility costs, but these specifics are not provided in the description.
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