
Palm Springs, California 92264
This Contemporary Desert Modern New Construction is a Prime Investment Opportunity, listed at $1,500,000—positioned well below the $1,571,028 Fair Market Value by 4%. This valuation gap offers $71,028 in Instant Equity for a property in Excellent Condition. Featuring dramatic mountain views, a chef's kitchen with Thermador appliances, and a paid 16-panel solar system, this 2024 build offers a seamless indoor-outdoor lifestyle with a private cocktail pool and spa. It is an exceptional find for Luxury Home Seekers or Seasonal Residents seeking a turnkey desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 795 Obsidian Loop W Subject | $1,450,000* List Price | 3 | 4 | 2,280 | $636 | - |
A 550 S Indian Trail Sold | $1,550,000 | 4 | 5 | 2,702 | $574 | 0.6 mi |
B 270 W Overlook Road Sold | $1,725,000 | 4 | 4 | 2,407 | $717 | 0.8 mi |
C 1135 Iris Lane Sold | $1,200,000 | 2 | 3 | 1,773 | $677 | 0.4 mi |
D 143 Obsidian Loop N Active Under Contract | $1,697,000 List Price | 3 | 4 | 2,466 | $688 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a brand-new 2024 construction, meeting the highest standards of the 'excellent' category. It features a contemporary desert modern design with high-end finishes, including a chef's kitchen with Thermador appliances and a waterfall-edge island, soaring ceilings, and energy-efficient upgrades like a paid 16-panel solar system. All components are new with no deferred maintenance.
Built in 2024, this home features $128,000 in premium owner-selected upgrades and contemporary architecture, offering a turnkey experience with the latest design trends.
The property includes a fully paid 16-panel solar system, providing significant long-term utility savings and environmental benefits in the Palm Springs climate.
The home is situated on fee simple land rather than a land lease, which is highly desirable in Palm Springs for easier financing and long-term value retention.
The property was recently sold within the past year on 2025-07-03. The sold price is $1,394,500.00.
The 6,098 square foot lot is relatively small for a luxury property at this price point, which may limit yard space for those seeking expansive private grounds.
The outdoor area features a 'cocktail pool' rather than a full-sized swimming pool, which might not meet the needs of buyers looking for lap swimming or large-scale aquatic entertaining.
Located within the exclusive Elan South Palm Springs, this striking Contemporary Desert Modern residence with a refined Mid-Century influence showcases breathtaking, up-close mountain views and exceptional indoor-outdoor living. Thoughtfully designed on a single level with a private resort-style pool, the home embodies the sophisticated Palm Springs lifestyle just minutes from downtown dining, shopping, and entertainment. The elegant floor plan features three en-suite bedrooms and three-and-a-half baths, anchored by a dramatic great room with soaring ceilings and walls of glass that open seamlessly to the outdoors through sliding pocket doors. The chef's kitchen is designed for both style and function, highlighted by an oversized waterfall-edge island, premium Thermador appliances, a panel wine refrigerator, and a sleek entertaining bar. The front guest suite functions as a private attached casita, offering ideal separation for guests or the flexibility of a home office. Outdoor living is centered around a stunning cocktail pool and spa, creating a serene desert retreat framed by spectacular mountain views. Approximately $128,000 in builder and owner-selected upgrades enhance the home's design, finishes, and functionality. Additional highlights include fee simple land (no land lease), low HOA dues, and a fully paid 16-panel solar system. Residents of Elan enjoy community amenities including a dog park, bocce ball court, and a resort-style community pool and spa.
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 | 3.0 | 59% |
| Square foot | 2,280 | 2,268 | 51% |
| Lot Size | 6,098 | 10,019 | 22% |
| Price | $1.45M | $1.35M | 55% |
| Price per sq ft | $636 | $609 | 56% |
| Built year | 2024 | 1976 | 91% |
| HOA | $210.0 | $0 | 73% |
| Days on market | 76 | 159 | 14% |
Apr 14, 2026
$1,450,000
$1,500,000
-3% Price Drop
Initial Listing
Feb 6, 2026
$1,500,000
Initial Listing
Jul 3, 2025
$1,394,500
Public Record