695 N Monterey Road, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 3 bath

695 N Monterey Road, Palm Springs, California 92262 home-pic-0
ACTIVE$1,050,000
695 N Monterey Road, Palm Springs, California 92262
4Beds
3Baths
2,542Sqft
11,326Lot

Price Vs. Estimate

The estimated value ($1,050,000) is $0 (0%) lower than the list price ($1,050,000). 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 = 11326, living area = 2542.
Top Cons:
Lack of Explicit Cooling System Details: The description does not explicitly mention a modern cooling system (e.g., central air conditioning), which could be a significant concern for comfort in Palm Springs' hot climate.

Compared to the nearby listings

Price:$1.05M vs avg $925.0K (+$125,000)59%
Size:2,542 sqft vs avg 2,100 sqft70%
Price/sqft:$413 vs avg $49034%

More Insights

Built in 1960 (65 years old).
Condition: This 1960 mid-century modern home, while older, presents in good condition due to significant and tasteful updates. The kitchen features stylish slab granite counters, maple cabinetry, stainless steel appliances (including a 5-burner gas range and double ovens), and skylights, indicating a substantial renovation. At least one bathroom showcases modern fixtures, including a multi-function shower panel and rain shower head, with clean subway tiling. The property boasts modern light fixtures, ceiling fans, and a freshly resurfaced kidney-shaped pool. While the original structure is from 1960 and the MLS listing notes a 'Potential for System Updates' (e.g., plumbing, electrical, HVAC beyond cooling), the visible cosmetic and functional updates are well-maintained and make the home move-in ready without immediate renovation, aligning with a 'Good' score.
Year Built
1960
Close
-
List price
$1.05M
Original List price
$1.1M
Price/Sqft
$413
HOA
-
Days on market
-
Sold On
-
MLS number
25583653PS
Home ConditionGood
Features
Good View: Mountain(s), Pool
Pool
Patio
ViewMountain(s), Pool

About this home

Welcome to 695 N Monterey, a mid-century home located in the Oasis del Sol neighborhood of Sunrise Park, one of Palm Springs' most original and celebrated neighborhoods. Built by Alexander Construction Company in 1960, this property offers timeless mid-century charm with captivating views of the San Jacinto Mountains. From the moment you arrive the home's architectural pedigree is unmistakable, situated on an oversized corner lot (over 11,000 sq ft) with a distinctive low-pitch roofline, low-maintenance desert landscaping and a RARE circular drive. The double car garage and spacious driveway, along with RV parking provides plenty of parking spaces. Step inside to find an expansive living room, featuring tongue and groove ceilings with soaring exposed beams and circular brick fireplace. The space is perfect for entertaining with large windows adorned with plantation shutters that overlook the freshly resurfaced kidney shaped pool and lush grounds. The layout for this 4-bedroom, 3-bathroom jewel creates a seamless flow from room to room, accentuating the homes' mid-century design. The primary bedroom (off the living room) is a true retreat, offering an en-suite bathroom and large walk-in closet. Another guest room is also an en suite with its private bath, while the two additional guest rooms utilize the hall bath. The library/office/media room (off the dining area) features a built-in desk & French doors leading to the patio, pool, & backyard. The stylish kitchen features slab granite counters, maple cabinetry, stainless steel appliances, including 5-burner gas range & double ovens, plus 3 skylights overhead. Which leads to the expansive family/TV room that connects to the kitchenette and laundry room along with French doors to take you outside. Situated just minutes from shopping, dining, and nightlife, this spot is perfect for a full-time residence, second home, mid-term rental, or short-term Airbnb. Fee simple land, which means you own the land. No HOA fees! RV or boat parking included Don't miss this opportunity to own a piece of Palm Springs paradise. Schedule your private showing today and experience the timeless beauty of Mid-Century Modern design.

Condition Rating
Good

This 1960 mid-century modern home, while older, presents in good condition due to significant and tasteful updates. The kitchen features stylish slab granite counters, maple cabinetry, stainless steel appliances (including a 5-burner gas range and double ovens), and skylights, indicating a substantial renovation. At least one bathroom showcases modern fixtures, including a multi-function shower panel and rain shower head, with clean subway tiling. The property boasts modern light fixtures, ceiling fans, and a freshly resurfaced kidney-shaped pool. While the original structure is from 1960 and the MLS listing notes a 'Potential for System Updates' (e.g., plumbing, electrical, HVAC beyond cooling), the visible cosmetic and functional updates are well-maintained and make the home move-in ready without immediate renovation, aligning with a 'Good' score.
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 = 11326, living area = 2542.
Mid-Century Modern Pedigree: Built by Alexander Construction Company in 1960, this home boasts unmistakable architectural pedigree and timeless mid-century charm, highly sought after in Palm Springs.
Oversized Corner Lot & Outdoor Amenities: Situated on an oversized 11,000+ sq ft corner lot with low-maintenance desert landscaping, a rare circular drive, and a freshly resurfaced kidney-shaped pool, ideal for entertaining.
Captivating Mountain Views: The property offers captivating views of the San Jacinto Mountains, enhancing its aesthetic appeal and providing a quintessential Palm Springs experience.
No HOA & Fee Simple Land: The property is fee simple land (owner owns the land) and has no HOA fees, offering significant financial benefits and greater flexibility for the owner.
Ample & Versatile Parking: Features a double car garage, spacious driveway, and dedicated RV or boat parking, providing abundant and flexible parking solutions.

Cons

Lack of Explicit Cooling System Details: The description does not explicitly mention a modern cooling system (e.g., central air conditioning), which could be a significant concern for comfort in Palm Springs' hot climate.
Recent Price Reductions: Multiple price reductions from the original list price suggest potential market resistance or an initial overvaluation, which may impact buyer perception.
Potential for System Updates: As a 1960-built home, despite cosmetic updates, major systems (e.g., plumbing, electrical, HVAC beyond cooling) may be original and could require future investment for modernization or replacement.

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