696 E Vereda Sur, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 3 bath
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Palm Springs, California 92262
This Single Family Residence represents a Strong Value Opportunity, listed at $2,250,000, which aligns with its $2,250,000 Fair Market Value. Featuring a Condition Rating of 3, the home offers a turnkey lifestyle with a 46-panel solar system, Tesla Powerwall 3, and panoramic mountain views. While the interior retains original 1997 finishes, the expansive nearly-acre lot and resort-style pool provide significant potential for modernization. This property is an ideal acquisition for Owner-Occupants seeking a private estate or Luxury Investors looking for a high-utility, well-maintained asset in Palm Springs.
Luxury Palm Springs estate in Movie Colony-El Mirador. 4BR/3BA, nearly 1 acre, panoramic mountain views, owned solar, Tesla Powerwall, and resort-style pool.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 696 E Vereda Sur Subject | $2,250,000* List Price | 4 | 3 | 3,025 | $744 | - |
A 185 Pena Lane Active | $1,995,000 List Price | 4 | 4 | 2,345 | $851 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1997 (27 years old), the home is slightly older than the 'Good' age bracket but qualifies due to exceptional maintenance and high-end system upgrades. While the kitchen and bathrooms appear dated with original-style tile and granite, the property features a modern 46-panel solar system, Tesla Powerwall 3, and a mini-split A/C in the garage, making it fully functional and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 34848, living area = 3025.
Situated on nearly an acre in the prestigious Movie Colony-El Mirador neighborhood, this rare, gated estate offers exceptional privacy and expansive grounds that are seldom available in this iconic Palm Springs area.
The property is equipped with a high-value, owned 46-panel solar system and Tesla Powerwall 3 technology, providing significant energy independence and utility cost savings in the desert climate.
With 116 days on the market and a recent $150,000 price reduction, the property may be facing challenges with market positioning or initial overpricing compared to current buyer demand.
Built in 1997, certain interior finishes such as the granite countertops and specific Spanish Revival elements may require further modernization to compete with the ultra-contemporary luxury renovations common in the area.
**New Price--Reduced $150,000**An exceptional find in the heart of iconic Palm Springs--discover the Movie Colony-El Mirador neighborhood. Private walled & gated estate on nearly an acre of PRIME real estate. These size properties, in this neighborhood, rarely come up for sale. Home fuses modern elegance with vintage Spanish Revival elements. Circular drive beckons. Classic double door entry invites. Beamed ceilings. Spacious interior with over 3000 sq ft. Layout works as well for group entertaining as intimate get togethers. Postcard worthy San Jacinto Mountain & classic palm tree views from every window! Large eat-in kitchen with granite counters, double ovens--tons of storage and prep space. French doors with plantation-style shutters open to backyard. Family room with raised hearth fireplace, separate great room with media wall. Expansive, resort-like backyard. Luxurious, extra wide swimming pool with raised waterfall spa. Large, shaded patio (even statuary fountains!) Hardscape with low-maintenance desert plantings flanked by multiple old-growth palms & Ficus hedges which enhance the sweeping views beyond. Hot Purple Energy installed 46-panel owned solar system. Oversized 2-car attached garage with mini-split A/C, Tesla car charger, Tesla Powerwall 3 (2 standard & 2 expansion packs). Property offers ample room to expand &/or enjoy as is. Conveniently located just minutes downtown from Palm Springs. Home offers easy access to world-class dining, shopping, renowned golf courses, premier tennis, and a variety of local attractions/entertainment with top-tier medical facilities and schools nearby. Entertain, enjoy spacious interior, lounge outdoors, stargaze--this resort-like property is the IDEAL place to call HOME! Schedule your private viewing...stop searching and START living!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,025 | 2,076 |
| Lot Size | 34,848 | 10,454 |
| Price | $2.25M | $1.04M |
| Price per sq ft | $744 | $525 |
| Built year | 1997 | 1977 |
| HOA | $0 | $332 |
| Days on market | 132 | 75 |
Jun 27, 2026
$2,250,000
$2,400,000
-6% Price Drop
Initial Listing
Mar 13, 2026
$2,400,000
Initial Listing
Jun 7, 1999
$520,000
Public Record