697 N Farrell Drive, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 3 bath
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Palm Springs, California 92262
This Mid-Century Modern Architectural Asset is a Strong Value Opportunity, listed at $1,100,000—positioned well below the $1,109,307 Fair Market Value by 0.84%. Featuring a Mint Condition Rating, this Jack Meiselman-designed home offers a 18,077 sq. ft. lot, a sparkling pool, and a detached casita for income potential. The property balances high-end luxury with functional versatility, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium, move-in ready desert sanctuary with significant long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 697 N Farrell Drive Subject | $1,100,000* List Price | 4 | 3 | 1,360 | $816 | - |
A 2015 E Belding Drive Sold | $1,075,000 | 3 | 2 | 1,375 | $782 | 0.5 mi |
B 2235 E Paseo Gracia Sold | $1,365,000 | 3 | 2 | 1,570 | $869 | 0.9 mi |
C 403 N Juanita Drive Sold | $1,250,000 | 4 | 2 | 1,868 | $669 | 0.4 mi |
D 545 N Chiquita Circle Sold | $1,045,000 | 3 | 2 | 1,541 | $678 | 0.4 mi |
E 544 N Tercero Circle Sold | $1,095,000 | 3 | 2 | 1,541 | $711 | 0.4 mi |
F 1387 E Verbena Drive Sold | $1,050,000 | 3 | 3 | 1,742 | $603 | 0.7 mi |
G 835 N Farrell Drive Active | $899,000 List Price | 3 | 2 | 1,516 | $593 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1960, the property is described as fully remodeled with contemporary finishes, custom 48-inch tiled floors, and modern luxury upgrades. The high-end renovation appears to be within the last 5 years, featuring mint condition interiors, updated systems, and pristine outdoor amenities including a pool and detached casita.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18077, living area = 1360.
Designed by renowned architect Jack Meiselman, this fully remodeled mid-century modern home perfectly preserves Palm Springs' architectural legacy while offering contemporary luxury and high-end finishes.
The expansive 18,077 sq. ft. lot features a private backyard oasis complete with a sparkling pool, fire pit, bocce ball court, and breathtaking mountain views, ideal for the desert lifestyle.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =18077, other record lot size in square feet = 11325.
There is a significant discrepancy between the recorded 1,360 sq. ft. and the advertised 1,796 sq. ft., which may present challenges during the appraisal and financing process.
The current list price of $1.1M represents a substantial increase from its 2021 sale price of $767,500, which may lead to scrutiny regarding the current market valuation despite the extensive renovations.
In the heart of Palm Springs, where mid-century design meets modern luxury, lies an extraordinary opportunity - a property that not only evokes the spirit of Palm Springs' architectural legacy but also offers a solid investment prospect in one of the most coveted neighborhoods in the city.Welcome to 697 Farrell Drive, a fully remodeled, sprawling 4 bedroom, 3 bath home in the iconic Sunrise Park neighborhood. This stunning home, designed by renowned architect Jack Meiselman, captures the essence of Palm Springs' mid century modern aesthetic while embracing the needs and desires of todays discerning buyer. Set on an expansive lot with sweeping views and pristine landscaping, this 1,796 sq. ft. gem offers the perfect combination of style, comfort and versatility.Imagine stepping into a space where the crisp lines and open layouts of mid-century modern design seamlessly blend with contemporary finishes. Natural light pours through floor to ceiling windows, casting soft shadows on 48' custom tiled floors & highlighting the seamless flow between indoor and outdoor spaces. The spacious living area, adorned with tasteful touches of design history, opens up to a private backyard oasis. Your own style retreat includes a sparking pool, lush greenery, incredible mountain views, bocce ball, corn hole and a fire pit. Its perfect to unwind, entertain and enjoy the best of desert living. Also a detached casita thats perfect for guests with potential to generate income.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,360 | 1,939 | 16% |
| Lot Size | 18,077 | 9,583 | 95% |
| Price | $1.10M | $875.0K | 63% |
| Price per sq ft | $809 | $488 | 88% |
| Built year | 1960 | 1986 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 180 | 2% |
May 9, 2026
$1,100,000
Initial Listing
Dec 9, 2021
$767,500
Public Record
Aug 6, 1999
$110,000
Public Record