
Palm Springs, California 92262
This Movie Colony East Residence is a Strong Value Opportunity, listed at $889,000—positioned well below the $926,485 Fair Market Value by 4%. This valuation gap provides $37,485 in Instant Equity. Boasting a Condition Rating of 3, the home features a heated pool, attached casita, and expansive mountain views. With a newer foam roof and 3-ton AC, the property ensures low immediate maintenance near top-rated Katherine Finchy Elementary. This is an ideal acquisition for Owner-Occupants seeking a desert sanctuary or Buy-and-Hold Investors targeting a high-demand neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 777 N Calle Rolph Subject | $889,000* List Price | 3 | 2 | 1,408 | $631 | - |
A 527 N N Paseo De Anza Sold | $700,000 | 2 | 2 | 1,410 | $496 | 0.2 mi |
B 587 N Calle Marcus Sold | $1,035,000 | 2 | 2 | 1,284 | $806 | 0.1 mi |
C 1365 E Tachevah Drive Sold | $917,500 | 3 | 2 | 1,390 | $660 | 0.3 mi |
D 1111 N Avenida Caballeros Sold | $1,150,000 | 3 | 3 | 1,713 | $671 | 0.5 mi |
E 748 N Calle Rolph Active | $955,000 List Price | 3 | 2 | 1,588 | $601 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and demonstrates pride of ownership with significant recent capital improvements to major systems, including a newer foam roof (2018), 3-ton AC unit (2020), and water heater (2023). While the home was built in 1957 and does not represent a 'full' recent aesthetic renovation, the kitchen is updated with newer appliances, and the mechanical systems are well-maintained and within their expected lifespan, exceeding the criteria for 'fair' condition.
Situated in the prestigious Movie Colony East neighborhood, this property offers a highly desirable address near Ruth Hardy Park and the upscale shopping and dining of uptown Palm Springs.
The home features significant recent improvements, including a newer foam roof (2018), a 3-ton AC unit (2020), and a new water heater and pool pump (2023), minimizing immediate capital expenditures for the buyer.
The private, walled-and-gated lot includes a heated pool, cabana room, and expansive west-facing mountain views, providing a perfect setting for desert entertaining and sunset viewing.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The existence of a waiting list for regular short-term vacation rental permits may limit the property's immediate appeal to investors seeking consistent rental income.
At 1,408 square feet for a three-bedroom configuration including an attached casita, the interior living spaces may feel somewhat constrained compared to larger luxury offerings in the area.
Located in the sought after Movie Colony East neighborhood of Palm Springs, this peaceful 3 bedroom, 2 bathroom home offers a hidden oasis with expansive west facing mountain views and unforgettable sunsets. One bedroom currently used as a den/office.The 1,408 square foot layout includes an attached casita, currently used as the primary bedroom, with high ceilings and direct access to the pool area, the perfect setting for guests or flexible living. The home opens to a beautiful backyard featuring a heated pool, cabana room, and stunning mountain backdrops.Both the front and back of the property are walled and gated, creating a serene retreat ideal for relaxing or entertaining. Inside, thoughtful updates include a newer refrigerator and dishwasher, while behind the scenes improvements add confidence and comfort. These include foam roof (2018), 3-ton packaged air conditioning unit (2020), Rain Bird (r) irrigation control (2022), re-piped gas line from the slab (2022), water heater (2023), and pool pump (2023).With its peaceful setting, expansive views, and inviting outdoor spaces, this home captures the essence of desert living in one of Palm Springs' most desirable neighborhoods. Not too far from Ruth Hardy Park and uptown Palm Springs shopping and restaurants. There is a waiting list for Regular short term vacation rental permits. Inquire with the town regarding a Junior Short Term Vacation Rental Permit.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,408 | 1,909.5 | 19% |
| Lot Size | 6,098 | 9,583 | 19% |
| Price | $889.0K | $875.0K | 51% |
| Price per sq ft | $631 | $483 | 73% |
| Built year | 1957 | 1986 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 105 | 185 | 21% |
Feb 26, 2026
$889,000
$929,000
-4% Price Drop
Initial Listing
Jan 8, 2026
$929,000
Initial Listing
May 2, 2007
$380,000
Public Record
Oct 19, 2004
$330,000
Public Record
Dec 13, 1996
$57,500
Public Record