742 Nugget Lane, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 4 bath

742 Nugget Lane, Palm Springs, California 92262 home-pic-0
ACTIVE$1,169,000
742 Nugget Lane, Palm Springs, California 92262
3Beds
4Baths
2,084Sqft
5,663Lot

Price Vs. Estimate

The estimated value ($1,066,075.85) is $102,924.15 (8%) lower than the list price ($1,169,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Premium Upgrades: Built in 2022, this home boasts nearly $200,000 in builder upgrades, ensuring modern design, high-quality finishes, and new systems for immediate enjoyment.
Top Cons:
High Monthly Association Fees: The property carries a significant monthly association fee of $530, which adds a substantial recurring cost to homeownership.

Compared to the nearby listings

Price:$1.17M vs avg $925.0K (+$244,000)67%
Size:2,084 sqft vs avg 2,096 sqft49%
Price/sqft:$561 vs avg $49163%

More Insights

Built in 2022 (3 years old).
Condition: This property was built in 2022, making it virtually brand new. The listing highlights nearly $200,000 in builder upgrades. Images confirm a modern, open-concept design with high-end finishes throughout, including a contemporary kitchen with flat-panel cabinetry, a waterfall island, and stainless steel appliances. The bathrooms feature stylish floating vanities and striking tile work. All flooring is modern large-format tile, and lighting is recessed, indicating current quality standards with no deferred maintenance.
Year Built
2022
Close
-
List price
$1.17M
Original List price
$1.17M
Price/Sqft
$561
HOA
$530
Days on market
-
Sold On
-
MLS number
219137100PS
Home ConditionExcellent
Features
Excellent View: Lake, Mountain(s)
Pool
Spa
Patio
ViewLake, Mountain(s)

About this home

Welcome to Miralon -- and to the ultimate Palm Springs dream home! This highly sought-after design perfectly captures the essence of desert living, featuring nearly $200,000 in builder upgrades. The grand open-concept layout with soaring 13-foot ceilings and expansive sliding glass walls creates the true indoor-outdoor experience Palm Springs is known for. Enjoy breathtaking views of the olive grove, shimmering lake, and 180 vistas of windmills and mountains. Thoughtfully designed for comfort and privacy, this home offers two en-suite bedrooms at the front and a luxurious primary suite with private pool access on the opposite side. --- Miralon offers olive groves, a state-of-the-art clubhouse with two pools, a spa, a fitness center, a yoga studio, a Wi-Fi cafe, a full-service bar, dog parks, a u-pick garden, a bocce ball court, a demo kitchen, a conference room, five lakes, and seven miles of walking trails.

Condition Rating
Excellent

This property was built in 2022, making it virtually brand new. The listing highlights nearly $200,000 in builder upgrades. Images confirm a modern, open-concept design with high-end finishes throughout, including a contemporary kitchen with flat-panel cabinetry, a waterfall island, and stainless steel appliances. The bathrooms feature stylish floating vanities and striking tile work. All flooring is modern large-format tile, and lighting is recessed, indicating current quality standards with no deferred maintenance.
Pros & Cons

Pros

New Construction & Premium Upgrades: Built in 2022, this home boasts nearly $200,000 in builder upgrades, ensuring modern design, high-quality finishes, and new systems for immediate enjoyment.
Exceptional Panoramic Views: The property offers breathtaking 180-degree views of the olive grove, shimmering lake, windmills, and mountains, significantly enhancing its appeal and value.
Luxury Indoor-Outdoor Living: A grand open-concept layout with soaring 13-foot ceilings and expansive sliding glass walls creates a seamless and highly desirable indoor-outdoor living experience.
Extensive Community Amenities: Located within Miralon, residents benefit from a state-of-the-art clubhouse, two pools, spa, fitness center, yoga studio, Wi-Fi cafe, full-service bar, dog parks, and seven miles of walking trails.
Thoughtful & Private Layout: The home is thoughtfully designed for comfort and privacy, featuring a split bedroom plan with two en-suite bedrooms and a luxurious primary suite offering private pool access.

Cons

High Monthly Association Fees: The property carries a significant monthly association fee of $530, which adds a substantial recurring cost to homeownership.
Listing Price Above Estimated Value: The current listing price is 5% higher than the property's estimated market value, potentially limiting negotiation flexibility for prospective buyers.
Moderate Interior Square Footage: At 2084 sqft, while efficiently designed, some buyers seeking a 'dream home' at this price point in Palm Springs might desire a more expansive interior living space.

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