971 E Alexander Way, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
971 E Alexander Way
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 971 E Alexander Way, Palm Springs, California 92262 reveals a property with a current list price of $1,175,000, which is 9% above the estimated $1,066,384 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 971 E Alexander Way Subject | $1,175,000* List Price | 3 | 2 | 1,225 | $871 | - |
A 2164 N Berne Drive Sold | $1,226,000 | 3 | 2 | 1,477 | $830 | 0.2 mi |
B 578 E Desert Willow Circle Sold | $925,000 | 3 | 2 | 1,225 | $755 | 0.4 mi |
C 454 E Lindsey Drive Sold | $1,275,000 | 3 | 3 | 1,465 | $870 | 0.6 mi |
D 1841 N Berne Drive Sold | $910,000 | 3 | 2 | 1,200 | $758 | 0.3 mi |
E 402 E Desert Willow Circle Sold | $1,160,000 | 3 | 2 | 1,567 | $740 | 0.4 mi |
F 2610 N Starr Road Sold | $950,000 | 3 | 2 | 1,355 | $701 | 0.3 mi |
G 600 E Alexander Way Active | $918,000 List Price | 3 | 2 | 1,225 | $749 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This 1959 Mid-Century Modern home has undergone extensive and recent renovations, bringing its condition to an excellent standard. The description highlights a '2023 foam roof,' 'updated kitchen,' 'fully remodeled guest bath,' and 'primary bath with new flooring, vanity, and toilet.' The images confirm a modern, high-quality kitchen with flat-panel wood cabinetry, stainless steel appliances, and sleek countertops. The visible bathroom features contemporary fixtures, mosaic tiling, and a glass-enclosed shower. Throughout the home, 'rejuvenated micro-concrete floors,' 'new front dual-pane windows,' and 'upgraded can lighting' further contribute to a virtually new feel. These comprehensive updates, many within the last 5 years, align perfectly with the 'excellent' criteria of being extensively renovated recently with components that are new or virtually new, meeting current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 1225.
- Iconic Mid-Century Modern Design
This 'Butterfly Home' is an iconic Palmer & Krisel design built by Alexander Construction Co., offering significant architectural and historical value highly sought after in Palm Springs.
- Extensive Modern Updates & Turnkey Condition
The property boasts thoughtful modern updates including an updated kitchen, rejuvenated micro-concrete floors, new dual-pane windows, updated bathrooms, a 2023 foam roof, and new concrete driveway, ensuring a turnkey experience.
CONSRISKS & DEFICIENCIES
- Absence of Explicit Cooling System Details
While updates are extensive, the description does not explicitly mention an updated or modern cooling system, which is a critical feature for comfort in the Palm Springs climate.
- Age-Related Maintenance Considerations
Despite significant renovations, as a 1959 build, the property may still have underlying original systems (e.g., plumbing, electrical beyond what's mentioned) that could require future maintenance or upgrades.
- Modest Interior Square Footage
With 1225 sqft, the interior living space is relatively modest for a 3-bedroom home at this price point, which might not appeal to buyers seeking larger indoor areas.
About 971 E Alexander Way
Iconic Palm Springs Butterfly Home in Racquet Club East! Step into the golden age of desert modernism with this stunning 3-bed, 2-bath Mid-Century Modern gem designed by Palmer & Krisel and built by the Alexander Construction Co. Located on a spacious corner lot in Racquet Club East, this quintessential Butterfly-roof home blends classic architecture with thoughtful, modern updates. Inside: Updated kitchen, painted tongue-and-groove ceilings, rejuvenated micro-concrete floors, and new front dual-pane windows and clerestory preserve vintage charm while enhancing comfort. The open floor plan is bathed in natural light, with upgraded can lighting and mirrored closet doors. Bathrooms have been tastefully updated: guest bath fully remodeled; primary bath with new flooring, vanity, and toilet. The home also includes a laundry/storage room off the primary suite. Enjoy spectacular unobstructed mountain views from your private backyard oasis, featuring a reconstructed pebble surface pool and large spa with updated pool equipment, gas fire pit, expansive hardscape, metal tilting louvered pergola and new metal fencing. A 2023 foam roof, new concrete driveway and garage door add to the turnkey appeal. STR-ready with Junior (6) and Home-Share licenses available (City verification required), this is an ideal primary home, vacation retreat, or income-producing property. Furnishings available. Don't miss this rare chance to own a piece of Palm Springs history. Contact me today for your private showing!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 10,454 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Vista Del Monte Elementary School
Grades K-5 • 0.4 mi
Raymond Cree Middle School
Grades 6-8 • 0.4 mi
Palm Springs High School
Grades 9-12 • 2.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 1,225 | 1,964 | 6% |
| Lot Size | 10,454 | 9,583 | 65% |
| Price | $1.18M | $900.0K | 69% |
| Price per sq ft | $959 | $478 | 95% |
| Built year | 1959 | 1989 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 117 | 179 | 20% |
Pricing History
Listed for Sale
Nov 10, 2025
$1,175,000
Initial Listing
Sold
Jan 11, 2022
$1,101,000
Public Record
Sold
Oct 7, 2002
$289,000
Public Record
Sold
Aug 10, 2001
$246,000
Public Record
Sold
Oct 13, 2000
$156,000
Public Record
Sold
Jun 9, 2000
$143,500
Public Record