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$2,599,000

Beds
5
Baths
3.75
sq ft
4,434

1600 E Palm Tree Dr, Palm Springs, CA 92264

1600 E Palm Tree Dr

Palm Springs, CA 92264

  • 37 days on market
    • Open house Jun 29
Welcome to a Luxurious Dream Estate that could be yours! Located in the prestigious community of Deepwell Estates in south Palm Springs; convenient to everything yet provides the upmost in privacy. A perfect home for limitless private entertaining, substantial special events, and innumerable family gatherings. On an over 20,000 sq ft lot, the seemingly endless outdoor entertainment area features an expansive pool, adjacent hot spa, a fire pit and lighted fountain for relaxation, and an outdoor shower. The expanded patio has multiple seating areas for sectionals, chaise lounges, umbrellas, tables, and chairs creating conversation areas, and an outdoor kitchen with built-in natural gas BBQ with sink and mini refrigerator for dining excitement. This modern estate is the perfect oasis for anyone looking for luxury, comfort, and privacy. Sleek, clean lines and a professional flair characterize the design for an interior both modern and comfortable. With 5 bedrooms, 4 bathrooms, and over 4,400 square feet of living space, this one-level home is perfect for those who value privacy, elegance, and space. As you enter the home, you will be greeted by panoramic views of the expansive outdoor entertainment areas, majestic Mt. San Jacinto, and magical sunsets all visible from the uniquely designed open floor plan. The fully appointed kitchen opens to the indoor entertaining area including a living room, dining room, reading area, breakfast area and open fireplace seen from all parts of the spacious open floor plan. The home also boasts two newly remodeled Presidential size Primary Bedrooms, each with their own newly remodeled oversized private bath. One large Primary Bedroom Suite features 2 huge walk-in closets, dry sauna, and a door with direct access to the pool area. The other Primary Bedroom Suite has a bathroom with an oversized shower. This bedroom has a large closet and a large walk-in closet. All bedrooms have an attached bath, ensuring everyone has their own space and privacy. The finished carpeted basement is one of a kind for Palm Springs. It has a large full-size pool table that completes the many entertainment features. The basement can be used as a game room, theater, or a quiet place to relax. The basement has an adjacent workout studio large enough to accommodate weight equipment, treadmill, and exercise bicycle. The home has recently undergone extensive renovations; including recent resurfacing of pool and decking, and updated spa and pool equipment. The 39 Solar panels, part owned and part fully assumable lease, provides saving on electricity. The home is also secured with an alarm system, which can be managed remotely, giving you peace of mind and security. Located in the premier neighborhood of Deepwell Estates, this home is just waiting for your personal touches. Don't miss out on this Classic Palm Springs Modern Home that can accommodate many forms of entertainment, a peaceful oasis to call home or an impressive second home. Schedule a viewing and start living your dream life!

Details

Property type

Single Family Residence

Est. home value

$1,994,744

Property condition

Updated/Remodeled

Lot size

0.46 acres

Price per sq ft

$587

Year built

1986

HOA

No

Price History

05/23/2024
CLAW

CLAW #24394579

Listed
$2,599,000
-13.22%
04/14/2024
CLAW

CLAW #23342007

Removed
$2,995,000
01/21/2024
CLAW

CLAW #23342007

Listed
$2,995,000

Schools & Community

Neighborhood: 

Deepwell Estates

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$2,069,680
Asking price
$2,599,000
Closing costs (~8% of asking)
-$207,920
Est. remaining loan balance
-$321,400
Cash to seller
$2,069,680

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

May 2015

Original loan amount

$400,000

Est. remaining balance

$321,400

Interest rate

3.7%

Loan type

New Conventional, 30 year

Seller

Daniel R Burg and Patricia C Burg

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 06/29/2024 at 5:15 AM

Listing updated: 06/24/2024 at 7:14 PM

Listed by: Thomas Carrington, Desert Homes Realty Phone #: (760) 285-9873

MLS: CLAW #24394579

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