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586 Polaris Court, Palm Springs, California 92264, Palm Springs, 92264 - 4 bed, 5 bath

586 Polaris Court, Palm Springs, California 92264 home-pic-0
ACTIVE$3,300,000$3,349/sqft
Est. Value: $3,172,149
-3%
AboveEstimate
586 Polaris Court, Palm Springs, California 92264
4Beds
5Baths
3,349Sqft
16,117Lot

Price Vs. Estimate

The estimated value ($3,172,148.86) is $127,851.14 (3%) lower than the list price ($3,300,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16117, living area = 3349.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.

Compared to the nearby listings

Price:$3.30M vs avg $1.30M (+$2,000,000)97%
Size:3,349 sqft vs avg 2,199 sqft87%
Price/sqft:$985 vs avg $60097%

More Insights

Built in 2018 (8 years old).
Condition: Built in 2018, this property is a luxury modern home with all components being virtually new and meeting current quality standards. The gourmet kitchen features a massive quartz island, double ovens, gas cooktop, and a large walk-in pantry. Bathrooms are spa-like with dual vanities, glass-surround showers, and a freestanding tub. High-end finishes, modern light fixtures, and marble-look tile flooring are consistent throughout, indicating no deferred maintenance and minimal physical depreciation.
Year Built
2018
Close
-
List price
$3.3M
Original List price
$3.5M
Price/Sqft
$985
HOA
$200
Days on market
-
Sold On
-
MLS number
25631093PS
Home ConditionExcellent
Features
Excellent View: Mountain(s), Panoramic
Pool
Spa
Patio
ViewMountain(s), Panoramic

About this home

HOME + EV CAR Combo! Enjoy this Luxury Modern home in downtown Palm Springs located in the Skye community within the Historic Tennis Club neighborhood with a Model 3 TESLA Included. Built in 2018, this home sits on one of the LARGEST lots with over 16,000 square feet and with over 3400 square feet of living space. This 4 bed and 4.5 bath home provides many areas for relaxation, meditation, entertainment and ease of daily living. Arguably one of the best floor plans, stunning up-close mountain views can be seen from almost the entire home! Oriented strategically, the front western facing pool utilizes the best features of Palm Springs, the Mountain and the Sun! The master bedroom, Living room, Dining Room, kitchen and Media Room all face outdoors. The 12-foot ceilings and 12-foot stack sliders allow the boundaries between indoors and outdoors to merge. The master suite has direct pool and mountain views! Interior and exterior shades provide complete control over privacy and light. The ensuite bath is truly a spa-like experience. Dual water-closets, vanities and sinks allow for complete personalization of one's "getting ready space". The large glass-surround shower and extra-deep stand-alone tub offer choice. Don't forget the outdoor shower just off the side patio. The master closet is enormous! The gourmet kitchen includes perhaps the largest quartz kitchen island seen, double-ovens, generous preparation space, gas cooktop & hood and large walk-in pantry. The adjacent dining room allows for more formal eating occasions while the bar-counter and outdoor counter provide more intimate and fun settings. The fourth ensuite bedroom can be used as an office, lounge, media room or home gym. Private enjoyment of the outdoors is paramount in Palm Springs. Desert palms, cacti and agaves provide an envious, luxurious curb appeal while offering an intimate, private oasis inside the walls. Beautiful landscaping surrounds the home on all sides. Take an outdoor shower year round. Walk ways connect multiple seating areas around the entire home. Swim, splash, soak or drift in the pool and spa with complete privacy. The front yard is THE place to be! Facing west, the mountains appear close enough to touch. During the day, lounge half-in and half-out of the water one of the two pool tanning shelves. For evening, the outdoor Barbeque area includes a gas grill, griddle, two preparation sinks, beverage center and large countertop with bar-top seating. Turn on the gas fire pit and enjoy company or solitude while enjoying the night sky or gazing at the mountain. The elevated spa waters trickle down peacefully into the pool adding to the relaxing ambience. Inside the pool, take a break from swimming or just cool off while having a beverage on the six built-in underwater seats. This luxury home also includes a 3-CAR garage, garage AC, hanging garage storage racks, tankless water heater, home automation, electrified blinds, outdoor BBQ area with counter seating, multiple outdoor destination areas and is close to downtown Palm Springs and a few streets away from the north Lykken hiking trail.

D
Dean Sipe
Listing Agent

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•0.9mi
4/10
Raymond Cree Middle School
Public,•6-8•2.3mi
4/10
Desert Learning Academy
Public,•K-12•1.8mi
6/10
Palm Springs High School
Public,•9-12•2.0mi

Price History

Date
Event
Price
01/11/19
Sold
$1,845,000
12/27/18
Sold
$1,657,500
Condition Rating
Excellent
Built in 2018, this property is a luxury modern home with all components being virtually new and meeting current quality standards. The gourmet kitchen features a massive quartz island, double ovens, gas cooktop, and a large walk-in pantry. Bathrooms are spa-like with dual vanities, glass-surround showers, and a freestanding tub. High-end finishes, modern light fixtures, and marble-look tile flooring are consistent throughout, indicating no deferred maintenance and minimal physical depreciation.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16117, living area = 3349.
Luxury Modern Construction & Amenities: Built in 2018, this home boasts 12-foot ceilings and 12-foot stack sliders creating a seamless indoor/outdoor living experience. It features a gourmet kitchen with a massive quartz island, double ovens, and a spa-like master suite with dual water-closets, vanities, and an outdoor shower, complemented by home automation and electrified blinds.
Exceptional Outdoor Entertainment & Privacy: The property sits on a large 16,000+ sqft private lot, offering a west-facing pool with tanning shelves and underwater seating, an elevated spa, multiple outdoor seating areas, and a fully equipped outdoor BBQ kitchen with a gas grill, beverage center, and fire pit, ensuring ultimate relaxation and entertainment.
Prime Location with Panoramic Mountain Views: Located in downtown Palm Springs' desirable Historic Tennis Club neighborhood, the home provides stunning up-close mountain views from nearly every room and is conveniently close to downtown amenities and the Lykken hiking trail.
Spacious and Versatile Living: With over 3400 sqft of living space, 4 bedrooms, and 4.5 baths, including a flexible fourth ensuite bedroom suitable for an office, lounge, or gym, plus a 3-car garage with AC and storage, the property offers ample room and adaptability for various lifestyles.
Unique Value-Add (EV Car Combo): The inclusion of a Model 3 TESLA as part of the sale significantly enhances the property's appeal and value proposition, catering to modern luxury buyers seeking convenience and sustainability.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
High Price Point & Recent Adjustment: The property is listed at a premium price of $3.3M, following a recent price reduction from $3.495M, which may indicate market resistance or a need for further price negotiation to attract a buyer.
Ongoing Association Fees: An association fee of $200.0 per month adds to the recurring costs of homeownership, which some potential buyers might view as an undesirable additional expense.
Potential for High Maintenance Costs: The extensive 16,000+ sqft lot, elaborate desert landscaping, and large pool/spa features, while luxurious, will likely incur significant ongoing maintenance costs for gardening, pool service, and utilities.
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