700 N Prescott Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 4 bath
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Palm Springs, California 92262
This Historic Old Las Palmas Residence is listed at $1,795,000, representing a unique entry point compared to its $1,554,474 Fair Market Value due to its rare positioning among surrounding $7M+ Estates. Boasting a Move-in Ready Condition Rating, the home features a Saltwater Pool, Outdoor Kitchen, and stunning San Jacinto Mountain Views. While the 1,695 Sqft floor plan is intimate, the 10,019 Sqft Lot provides a private sanctuary just one block from downtown Palm Springs. This Desert Oasis is ideal for Luxury Downsizers or Short-Term Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 700 N Prescott Drive Subject | $1,795,000* List Price | 3 | 4 | 1,695 | $891 | - |
A 963 N Via Monte Vista Sold | $2,160,000 | 3 | 2 | 1,600 | $1,350 | 0.4 mi |
B 1399 N Via Donna Sold | $1,695,000 | 4 | 3 | 2,198 | $771 | 1.0 mi |
C 1399 N Via Donna Sold | $1,695,000 | 4 | 3 | 2,198 | $771 | 1.0 mi |
D 1155 E Paseo El Mirador Sold | $1,575,000 | 4 | 3 | 2,089 | $754 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and has been meticulously maintained. Although the major renovation occurred in the mid-1990s, the home features modern updates including LED lighting, custom cabinetry, stainless steel appliances, and a wine cooler. The interior showcases high-quality finishes like exposed wood beams and modern fixtures, while the exterior offers a well-equipped outdoor kitchen and saltwater pool, meeting the standards for a high-end, well-preserved residence.
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 = 1695.
Located in the elite Old Las Palmas neighborhood, this property is the lowest-priced entry point in an area dominated by $7M+ estates, offering significant prestige and equity potential.
The private desert oasis features a saltwater pool, spa, and outdoor kitchen paired with breathtaking San Jacinto Mountain views, perfect for high-end entertaining.
At 1,695 square feet, the home is considerably smaller than the surrounding grand estates, which may limit its appeal to buyers seeking a more expansive luxury floor plan.
While the home has been updated, the most extensive remodel occurred in the mid-1990s, suggesting that some systems and finishes may soon require modernization to maintain a contemporary luxury standard.
Welcome to a rare Old Las Palmas offering--currently the lowest-priced home among surrounding $7M+ estates. Just one block from downtown Palm Springs' renowned restaurants, shops, and entertainment, this historic neighborhood is celebrated for its welcoming community, neighborhood socials, and morning dog/people strolls.Privately gated, the property opens to a serene desert oasis featuring mature landscaping complemented by newer low-maintenance desert additions. This beautifully renovated residence blends old-world charm with modern sophistication and offers exceptional versatility ideal as a short-term rental, condo alternative. or just a darling small home on a beautiful private lot..Enter directly into the living room, highlighted by ceilings with exposed wood beams, modern lighting, and a cozy fireplace. The adjacent kitchen and dining area, visible through a classic serving window, overlook the saltwater pool, spa, and outdoor kitchen, creating seamless indoor-outdoor living perfect for entertaining.The home features two-bedroom suites plus a third bedroom currently used as an office. The elevated primary suite occupies the second level, offering breathtaking San Jacinto Mountain views, dramatic beamed ceilings, and stair access to the backyard and pool. A guest suite is located on the main level, along with the third bedroom/office and powder room. A fourth bath serves the pool area and includes generous storage within a detached structure. Originally built in 1946 and extensively remodeled in 1993-1994, additional highlights include LED lighting throughout, custom cabinetry and countertops, wine cooler, newer sprinkler system, and a carport.A rare chance to own a thoughtfully updated desert retreat in one of Palm Springs' most prestigious neighborhoods. Buyers should do their own due diligence & confirm with the city regarding any desired improvements
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 72% |
| Square foot | 1,695 | 1,909.5 | 37% |
| Lot Size | 10,019 | 9,583 | 54% |
| Price | $1.79M | $875.0K | 86% |
| Price per sq ft | $1.1K | $483 | 96% |
| Built year | 1946 | 1986 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 113 | 185 | 24% |
Dec 31, 2025
$1,795,000
Initial Listing