670 Highland Drive, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 3 bath
ACTIVE$849,000
670 Highland Drive, Palm Springs, California 92264
3Beds
3Baths
1,521Sqft
10,019Lot
Year Built
1947
Close
-
List price
$849K
Original List price
$1.02M
Price/Sqft
$558
HOA
-
Days on market
-
Sold On
-
MLS number
219127828DA
Home ConditionExcellent
Features
Good View: Mountain(s), Panoramic
Pool
Spa
Patio
ViewMountain(s), Panoramic
About this home
Possibly Over-Priced:The estimated price is 53% below the list price. We found 3 Cons,6 Pros. Rank: price - $849.0K(25th), sqft - 1521(20th), beds - 3(50th), baths - 3(50th).
Resort life. Completely renovated Resort Property, ready to move in, or start producing rental income, Located in south Palm Springs.with spectacular mountain views, walk distance to the golf course, park or hiking trails. Leave the big city behind and buy here in Palm Springs where your money buys you more house for the dollar. This private gated Estate offers 3 bedroom, 3 bath with resort size pool, spa outside dining and entertainingall in a private setting.
Nearby schools
4/10
Agua Caliente Elementary School
Public,•K-5•1.4mi
4/10
Cahuilla Elementary School
Public,•K-5•1.7mi
4/10
Raymond Cree Middle School
Public,•6-8•2.7mi
6/10
Palm Springs High School
Public,•9-12•0.7mi
4/10
Desert Learning Academy
Public,•K-12•0.8mi
6/10
Cathedral City High School
Public,•9-12•3.3mi
Condition Rating
Excellent
Despite being built in 1947, the property has undergone a 'completely renovated' transformation, as stated in the description and evidenced by the images. The kitchen features modern light wood cabinetry, white countertops, stainless steel appliances, and contemporary lighting. Bathrooms, though partially visible, show modern vanities and fixtures. Throughout the home, there is consistent, new-looking light wood-style flooring, recessed lighting, and modern doors. The exterior, pool, and landscaping also appear recently updated and in pristine condition, indicating a comprehensive renovation that meets current quality standards with no visible deferred maintenance.
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 = 10019, living area = 1521.
Prime Location: Located in the desirable South Palm Springs neighborhood of Demuth Park, offering convenient walking distance to a golf course, park, and hiking trails.
Extensive Renovation: The property is described as 'completely renovated' and 'ready to move in', suggesting modern updates and a turnkey condition for immediate occupancy or rental.
Resort-Style Amenities: Features a private gated estate with a 'resort size pool, spa, outside dining and entertaining', ideal for leisure and hospitality.
Spectacular Mountain Views: Boasts 'spectacular mountain views' and 'panoramic' vistas, enhancing the property's aesthetic appeal and desirability.
Income Potential: Explicitly marketed as suitable for 'producing rental income', indicating its potential as a vacation rental property in a popular tourist destination.
Cons
Significant Price Discrepancy: The current list price of $849,000 is substantially higher than recent comparable sales in the immediate vicinity, including a very similar active listing at $695,000, suggesting a potential overvaluation relative to market trends.
Absence of Key Modern Upgrades (e.g., Solar): Unlike several comparable properties that feature owned solar systems, the listing does not mention any energy-efficient upgrades, which could be a disadvantage in a market where such features are increasingly valued for cost savings and environmental benefits.
Older Construction with Limited Renovation Detail: While 'completely renovated' is stated, the 1947 build year suggests an older infrastructure. The description lacks specific details on major system updates (e.g., HVAC, plumbing, electrical), which could raise concerns for buyers regarding long-term maintenance and potential future costs.