715 N Sunrise Way, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
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Palm Springs, California 92262
This Mid-Century Single Family Residence is a High-Potential Investment Opportunity, listed at $562,500—positioned well below the $651,349 Fair Market Value by 13%. This valuation gap offers $88,849 in Instant Equity. Featuring a private in-ground pool, owned solar system, and a flexible floor plan, the home maintains a Condition Rating of 2. Located near top-rated schools like Katherine Finchy Elementary, this property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build immediate wealth through strategic personalization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 715 N Sunrise Way Subject | $562,500* List Price | 3 | 2 | 1,584 | $411 | - |
A 765 N Paseo De Anza Sold | $605,000 | 2 | 2 | 1,541 | $393 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1956, the property has undergone a high-quality, comprehensive renovation within the last 5 years. The interior features a modern kitchen with white shaker cabinets, quartz countertops, and stainless steel appliances, along with new LVP flooring and recessed lighting throughout. The inclusion of a solar system and central HVAC indicates updated systems, making it a mint-condition, move-in ready home.
Situated in the highly desirable Movie Colony East neighborhood, the property offers exceptional proximity to Downtown Palm Springs, luxury dining, and entertainment.
This 1956 home features iconic architecture, mountain views, a private in-ground pool, and an owned solar system, providing a quintessential desert lifestyle with energy efficiency.
Includes a separate-entry flex space ideal for a guest suite or office, plus the potential to easily restore the formal dining room back into a third bedroom to increase value.
The property is positioned as an opportunity for personalization, implying a need for cosmetic or structural updates to bring it up to modern market standards.
Currently configured as a two-bedroom residence, the home may have limited immediate appeal for buyers requiring three bedrooms without undergoing a conversion project.
Discover the possibilities at 715 N Sunrise Way, ideally situated in the desirable Movie Colony East neighborhood near the heart of Palm Springs. This single-story Mid-Century home offers approximately 1,584 square feet with 2 bedrooms and 2 bathrooms. Originally designed as a three-bedroom residence, the former third bedroom has been converted into a formal dining room, providing flexibility for entertaining or the potential to restore the original bedroom configuration.The spacious floor plan is filled with opportunity for buyers looking to personalize and create their own desert retreat. A separate-entry flexible space offers potential for guest accommodations, a private office, creative studio, or multigenerational living. Outside, the private in-ground pool provides an inviting setting for sunny afternoons, outdoor gatherings, and relaxing Palm Springs evenings. Additional highlights include a solar system, central heating and air conditioning, and convenient off-street parking.Located just minutes from Downtown Palm Springs, Palm Canyon Drive, renowned restaurants, shopping, nightlife, entertainment, and outdoor recreation, this property combines a sought-after location with versatile living spaces and exciting potential. Bring your vision and create a home that reflects the iconic Palm Springs lifestyle.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,584 | 2,076 |
| Lot Size | 5,663 | 10,454 |
| Price | $562.5K | $1.04M |
| Price per sq ft | $355 | $525 |
| Built year | 1956 | 1977 |
| HOA | $0 | $332 |
| Days on market | 6 | 75 |
Jul 16, 2026
$562,500
Initial Listing
Oct 17, 2023
$650,000
Public Record
Oct 16, 2023
$620,000
Public Record
Apr 30, 2009
$175,000
Public Record
Dec 27, 2002
$165,000
Public Record