561 Skylar Lane, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 3 bath
561 Skylar Lane
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 561 Skylar Lane, Palm Springs, California 92262 reveals a Prime Investment Opportunity with a current list price of $1,045,000—significantly undercutting the $1,088,000 Fair Market Value by 3%. This valuation gap indicates a +$43,000 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 561 Skylar Lane Subject | $1,045,000* List Price | 3 | 3 | 2,747 | $396 | - |
A 4631 Kellogg Way Sold | $1,250,000 | 3 | 3 | 2,579 | $485 | 0.6 mi |
B 562 Skylar Lane Sold | $1,080,000 | 3 | 3 | 2,650 | $408 | 0.0 mi |
C 4420 Esplanade Lane Sold | $1,325,000 | 2 | 3 | 3,700 | $358 | 0.2 mi |
D 4315 Vantage Lane Sold | $1,035,000 | 3 | 3 | 2,747 | $377 | 0.1 mi |
E 1325 Passage Street Sold | $1,125,000 | 3 | 3 | 2,315 | $486 | 0.7 mi |
F 4219 Indigo Street Sold | $920,000 | 2 | 3 | 1,964 | $468 | 0.4 mi |
G 779 Spaulding Lane Active | $1,079,000 List Price | 2 | 3 | 2,756 | $392 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2006, this property falls within the 10-20 year age range for a 'good' condition rating. The home is move-in ready and features several high-end updates, including a chef's kitchen with quartz countertops and LG appliances, as well as a modern primary bathroom with a standalone soaking tub and dual walk-in shower. The inclusion of solar power, a tankless water heater, and a whole-home water filtration system indicates excellent maintenance of major systems, though it lacks the total recent renovation required for an 'excellent' score.
PROSSTRENGTHS & OPPORTUNITIES
- Energy Efficiency & Modern Systems
This solar-powered retreat features a tankless water heater and a whole-home water filtration system, offering significant utility savings and modern convenience.
- Premium Outdoor Living
The property boasts a private pool, spa, and built-in BBQ with stunning San Jacinto Mountain views, complemented by private balconies for every bedroom.
- Exclusive Community Amenities
Situated in the guard-gated Escena community, residents enjoy a Nicklaus-designed golf course and clubhouse facilities with remarkably low HOA dues of $260 per month.
CONSRISKS & DEFICIENCIES
- Average School Ratings
The assigned public schools for this area carry modest ratings ranging from 4 to 6, which may be a consideration for families prioritizing top-tier educational performance.
- Compact Lot Proportions
With a lot size of 6,970 square feet for a nearly 2,800 square foot home, the outdoor footprint may feel limited for buyers seeking expansive grounds or large garden areas.
About 561 Skylar Lane
The moment you step through the front door, breathtaking views of the San Jacinto Mountains welcome you and instantly set the tone for this stunning, SOLAR-powered retreat with opportunity to personalize and create your own vision. Soaring vaulted ceilings create a light-filled, open atmosphere that feels both grand and inviting. The luxurious main-level primary suite is a true sanctuary, opening directly to your private outdoor oasis--complete with a sparkling pool, spa, and built-in BBQ--perfect for effortless entertaining, peaceful mornings, or sun-soaked afternoons. The spa-inspired bath offers a standalone soaking tub, dual walk-in shower, expansive counter space, and a beautifully organized walk-in closet.Designed for both everyday living and hosting. The kitchen includes quartz countertops, abundant cabinetry, an LG convection oven, wine refrigerator, gas cooktop, pantry closet, and a charming eat-in breakfast area. Upstairs, two additional bedrooms share a Jack-and-Jill bath with dual vanities, while a versatile loft provides the ideal space for a home office or lounge. Each bedroom enjoys its own private balcony--perfect for morning coffee or evening sunsets.Energy-efficient features include a tankless water heater and whole-home water filtration system, 16 solar panels. Located in the guard-gated community of Escena--home to a Nicklaus-designed 18-hole golf course--residents enjoy a clubhouse with golf shop, lounge, and grill with a dog-friendly patio. The CV Link winds nearby for jogging, biking, and hiking, and a dog park is just around the corner. All with low HOA dues of $260 per month.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2006
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $260.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Agua Caliente Elementary School
Grades K-5 • 0.9 mi
Rio Vista Elementary School
Grades K-5 • 1.8 mi
Vista Del Monte Elementary School
Grades K-5 • 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 | 3.0 | 3.0 | 50% |
| Square foot | 2,747 | 1,964 | 82% |
| Lot Size | 6,970 | 9,583 | 30% |
| Price | $1.04M | $900.0K | 63% |
| Price per sq ft | $380 | $477 | 28% |
| Built year | 2006 | 1989 | 66% |
| HOA | $260.0 | $0 | 81% |
| Days on market | 33 | 179 | 1% |
Pricing History
Listed for Sale
Mar 5, 2026
$1,045,000
$1,088,000
-4% Price Drop
Initial Listing
Price Change
Feb 2, 2026
$1,088,000
Initial Listing
Sold
Apr 28, 2020
$640,000
Public Record
Sold
Dec 6, 2017
$672,000
Public Record
Sold
Mar 31, 2010
$352,500
Public Record