
Palm Springs, California 92262
Analysis of 696 E Vereda Sur, Palm Springs, California 92262 is currently available with a list price of $2,400,000. 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.
Property is move-in ready.
The property is in move-in ready condition and exceptionally well-maintained. While the interior aesthetic—specifically the kitchen's honey-oak cabinetry and white appliances—reflects the 1997 year of construction, the home features significant modern system upgrades including a 46-panel owned solar system, Tesla Powerwall 3, and a Tesla charger. The structural elements, flooring, and resort-style outdoor areas show minimal wear and tear, placing it firmly in the 'good' category despite the dated styling.
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 gated estate offers a rare level of privacy and expansive land that is exceptionally difficult to find in this iconic Palm Springs area.
The property is equipped with a high-capacity, owned 46-panel solar system, Tesla Powerwall 3 storage, and a Tesla car charger, providing significant utility savings and modern sustainability.
While well-maintained, the 1997 construction and specific finishes like granite countertops and Spanish Revival elements may feel dated to buyers seeking the ultra-modern or mid-century aesthetic typical of the area.
The sheer scale of the nearly one-acre lot, combined with extensive hardscaping, water features, and complex energy systems, implies higher-than-average ongoing maintenance costs for the future homeowner.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 3.0 | 2.0 | 50% |
| Square foot | 3,025 | 1,914 | 91% |
| Lot Size | 34,848 | 9,583 | 99% |
| Price | $2.40M | $875.0K | 92% |
| Price per sq ft | $793 | $483 | 88% |
| Built year | 1997 | 1987 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 185 | 2% |
Mar 13, 2026
$2,400,000
Initial Listing
Jun 7, 1999
$520,000
Public Record