505 N Camino Real, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 4 bath
505 N Camino Real
Palm Springs, California 92262
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 505 N Camino Real Subject | $2,150,000* List Price | 4 | 4 | 3,428 | $650 | - |
A 1297 Colony Way Sold | $2,125,000 | 3 | 4 | 3,440 | $618 | 0.8 mi |
B 535 E Via Colusa Sold | $2,295,000 | 6 | 7 | 3,554 | $646 | 0.2 mi |
C 1045 E Deepak Road Sold | $1,550,000 | 3 | 4 | 2,692 | $576 | 0.8 mi |
D 538 E Miraleste Court Sold | $2,000,000 | 6 | 5 | 3,524 | $568 | 0.9 mi |
E 550 N Arquilla Road Active | $2,550,000 List Price | 4 | 5 | 3,365 | $758 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1980, the property has undergone an extensive high-end modern renovation within the last few years. The interior features a contemporary open-concept chef's kitchen with a large center island, updated flooring, and modern light fixtures. The four bathrooms are described as luxurious ensuites with direct outdoor access. The exterior is fully upgraded with a resort-style pool, stone waterfall, firepit, and a complete outdoor cooking center, indicating no deferred maintenance and high-quality current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Movie Colony Location
Situated in the prestigious and historic Movie Colony neighborhood, this property offers an elite address within walking distance to Palm Springs' vibrant downtown, world-class dining, and nightlife.
- Resort-Style Outdoor Living
The expansive corner lot is a true entertainer's dream, featuring a sparkling pool with a stone waterfall, a relaxing spa, a firepit, and a full outdoor cooking center set against a backdrop of stunning mountain views.
- Sophisticated Dual-Primary Layout
The 3,428 sq. ft. floor plan is thoughtfully designed with two primary suites offering direct pool access, plus two additional guest suites, making it ideal for high-end vacation rentals or hosting guests in total privacy.
CONSRISKS & DEFICIENCIES
- 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.
- Market Pricing Volatility
The property has already seen a significant price reduction of nearly $200,000 from its original list price, which may indicate initial overpricing or a shift in buyer demand for this specific price bracket.
- 1980s Infrastructure
Despite modern aesthetic updates, the 1980 construction year may mean that core systems and structural elements require more frequent maintenance or upgrades compared to newer luxury builds in the area.
About 505 N Camino Real
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 13,504 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Katherine Finchy Elementary School
Grades K-5 • 0.5 mi
Raymond Cree Middle School
Grades 6-8 • 1.0 mi
Palm Springs High School
Grades 9-12 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 4.0 | 3.0 | 70% |
| Square foot | 3,428 | 1,964 | 95% |
| Lot Size | 13,504 | 9,583 | 86% |
| Price | $2.15M | $900.0K | 91% |
| Price per sq ft | $627 | $478 | 73% |
| Built year | 1980 | 1989 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 63 | 179 | 6% |
Pricing History
Listed for Sale
Jan 7, 2026
$2,150,000
$2,345,000
-8% Price Drop
Initial Listing
Price Change
Jan 3, 2026
$2,345,000
Initial Listing
Sold
Aug 8, 2017
$875,000
Public Record
Sold
Jun 26, 2015
$690,000
Public Record
Sold
Mar 30, 2010
$415,000
Public Record
Sold
Dec 29, 2005
$825,000
Public Record