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770 N Girasol Court, Palm Springs, California 92262, Palm Springs, 92262 - 5 bed, 5 bath

770 N Girasol Court, Palm Springs, California 92262 home-pic-0
ACTIVE$1,498,000
770 N Girasol Court, Palm Springs, California 92262
5Beds
5Baths
2,930Sqft
10,454Lot

Price Vs. Estimate

The estimated value ($1,063,769.685) is $434,230.315 (28%) lower than the list price ($1,498,000). This property may be overpriced.

Key pros and cons

Top Pros:
Strong Vacation Rental Potential: Explicitly highlighted as an 'ultimate vacation rental opportunity' with city permits available and a 'long & successful rental history,' making it an attractive income-generating asset.
Top Cons:
Significant Overpricing: The current listing price of $1.498M is substantially higher (28% above) the estimated property value of $1.06M, which could deter potential buyers and prolong market time.

Compared to the nearby listings

Price:$1.50M vs avg $925.0K (+$573,000)79%
Size:2,930 sqft vs avg 2,100 sqft86%
Price/sqft:$511 vs avg $49154%

More Insights

Built in 1991 (34 years old).
Condition: The property, built in 1991, has undergone significant renovations, particularly in the kitchen and bathrooms. The description highlights 'fully renovated & luxurious spa-quality baths' and an 'oversized kitchen with updated appliances and gas cooking.' Images confirm a modern kitchen with stainless steel appliances, contemporary cabinetry, and solid-surface countertops, along with modern tile flooring in common areas. While the exact renovation date isn't specified, the style suggests updates within the last 5-15 years, making it move-in ready with minimal wear. However, without explicit details on the age or replacement of major systems like HVAC, roof, or plumbing, it doesn't quite meet the 'virtually new' standard for an 'Excellent' rating, aligning better with a 'Good' condition.
Year Built
1991
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$511
HOA
-
Days on market
-
Sold On
-
MLS number
25515457PS
Home ConditionGood
Features
Excellent View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

Attention 1031 Exchange Buyers- the ultimate vacation rental opportunity! City permits are still available! This incredible 5-bedroom four bath home has a long & successful rental history. Designed by noted Palm Springs Architect, Chris Mills in 1991, this home offers an extremely private pool/spa and rear yard. Nearly 3,000 square feet sited on nearly 1/4 of an acre, this home offers a long list of updates. Great separation of bedrooms, an oversized kitchen, voluminous beamed ceilings and a direct access garage. Bedrooms all offer private patio spaces with amazing views with fully renovated & luxurious spa-quality baths. Oversized kitchen with updated appliances and gas cooking. The incredible primary suite offers an oversized shower, large walk-in closet and south facing vistas. Oversized doors and sliders and a host of architectural elements. Incredible location sited at the end of small cul-de-sac. Great investment, second home or full-time residence just minutes to freeway access, retail shops and eateries.

Nearby schools

7/10
Katherine Finchy Elementary School
Public,•K-5•1.5mi
4/10
Raymond Cree Middle School
Public,•6-8•1.3mi
6/10
Palm Springs High School
Public,•9-12•3.2mi
4/10
Desert Learning Academy
Public,•K-12•3.3mi
Condition Rating
Good
The property, built in 1991, has undergone significant renovations, particularly in the kitchen and bathrooms. The description highlights 'fully renovated & luxurious spa-quality baths' and an 'oversized kitchen with updated appliances and gas cooking.' Images confirm a modern kitchen with stainless steel appliances, contemporary cabinetry, and solid-surface countertops, along with modern tile flooring in common areas. While the exact renovation date isn't specified, the style suggests updates within the last 5-15 years, making it move-in ready with minimal wear. However, without explicit details on the age or replacement of major systems like HVAC, roof, or plumbing, it doesn't quite meet the 'virtually new' standard for an 'Excellent' rating, aligning better with a 'Good' condition.
Pros & Cons

Pros

Strong Vacation Rental Potential: Explicitly highlighted as an 'ultimate vacation rental opportunity' with city permits available and a 'long & successful rental history,' making it an attractive income-generating asset.
Architecturally Significant Design: Designed by noted Palm Springs Architect Chris Mills, the property offers a unique and desirable aesthetic appeal with a host of architectural elements.
Luxurious & Updated Interior Features: Boasts an oversized, updated kitchen with gas cooking, fully renovated spa-quality baths, voluminous beamed ceilings, and a luxurious primary suite with south-facing vistas.
Private Outdoor Oasis: Features an extremely private pool/spa and rear yard, complemented by private patio spaces for all bedrooms, ideal for relaxation and entertaining in the Palm Springs climate.
Prime Cul-de-Sac Location & Accessibility: Situated at the end of a small cul-de-sac, offering enhanced privacy and quiet, with convenient access to freeway, retail shops, and eateries.

Cons

Significant Overpricing: The current listing price of $1.498M is substantially higher (28% above) the estimated property value of $1.06M, which could deter potential buyers and prolong market time.
Age of Construction: Built in 1991, the property is over three decades old. While updated, this age may raise concerns for some buyers regarding the condition of major systems (e.g., HVAC, roof, plumbing) not explicitly mentioned as replaced.
Lack of Specific System Updates: The description mentions a 'long list of updates' but lacks specific details on critical infrastructure improvements such as HVAC, electrical, or roof, which could lead to buyer uncertainty about future capital expenditures.

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