700 N Prescott Dr, Palm Springs, CA, 92262
About This Home
Welcome to a rare Old Las Palmas offering--currently the lowest-priced home among surrounding $7M+ estates. Just one block from downtown Palm Springs' renowned restaurants, shops, and entertainment, this historic neighborhood is celebrated for its welcoming community, neighborhood socials, and morning dog/people strolls.Privately gated, the property opens to a serene desert oasis featuring mature landscaping complemented by newer low-maintenance desert additions. This beautifully renovated residence blends old-world charm with modern sophistication and offers exceptional versatility ideal as a short-term rental, condo alternative. or just a darling small home on a beautiful private lot..Enter directly into the living room, highlighted by ceilings with exposed wood beams, modern lighting, and a cozy fireplace. The adjacent kitchen and dining area, visible through a classic serving window, overlook the saltwater pool, spa, and outdoor kitchen, creating seamless indoor-outdoor living perfect for entertaining.The home features two-bedroom suites plus a third bedroom currently used as an office. The elevated primary suite occupies the second level, offering breathtaking San Jacinto Mountain views, dramatic beamed ceilings, and stair access to the backyard and pool. A guest suite is located on the main level, along with the third bedroom/office and powder room. A fourth bath serves the pool area and includes generous storage within a detached structure. Originally built in 1946 and extensively remodeled in 1993-1994, additional highlights include LED lighting throughout, custom cabinetry and countertops, wine cooler, newer sprinkler system, and a carport.A rare chance to own a thoughtfully updated desert retreat in one of Palm Springs' most prestigious neighborhoods. Buyers should do their own due diligence & confirm with the city regarding any desired improvements
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Repairs Cosmetic,Updated/Remodeled
- Year built: 1946
Materials
- Foundation: Slab
- Roof: Tile
- Construction materials: Stucco
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Electric Cooktop,Disposal,Gas Oven,Microwave,Refrigerator,Water Heater
- Laundry features: Upper Level
Bathroom
- Features: Remodeled,Separate Shower,Tile Counters,Vanity
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 4
- 3/4 bathrooms: 2
- 1/4 bathrooms: 2
Features
- Beamed Ceilings,Separate/Formal Dining Room,Partially Furnished
- Door features: Sliding Doors
- Window features: Drapes,Screens
- Flooring: Tile
- Fireplace features: Electric,Living Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Central,Fireplace(s)
- Cooling features: Central Air
Interior Area
- Total interior livable area: 1,695 sqft
Kitchen
- Features: Stone Counters
Property
Details
- Parcel number: 505284003
- Zoning: R-1A
- Special condition: Standard
- Exclusions: Some accessories that were used for staging. And some art.
Features
- Levels: Two
- Stories: 2
- Private pool: Yes
- Pool features: In Ground,Private
- Patio & porch: Covered
- Spa features: Heated,In Ground,Private
- Fencing: Block,Privacy,Wrought Iron
- Has view: Yes
- View description: Mountain(s),Pool
Lot
- Lot size: 10,019 sqft
- Features: Back Yard,Corner Lot,Drip Irrigation/Bubblers,Front Yard,Irregular Lot,Landscaped,Level,Sprinkler System
Parking
- Total spaces: 2
- Parking features: Covered,Driveway,On Street,Side By Side
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Wildfire
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Riverside County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $9,076 | $108,912 |
| Home Insurance * | $459 | $5,508 |
| Property Taxes | $1,241 | $14,892 |
| Electricity | $398 | $4,786 |
| Total | $11,174 | $134,088 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-19 | Listed for sale | $1,795,000 |
| 2026-01-27 | Contingent | $1,795,000 |
| 2026-01-27 | Pending sale | $1,795,000 |
| 2026-01-26 | Contingent | $1,795,000 |
| 2025-12-31 | Listed for sale | $1,795,000 |
For Sale by Agent
View on Zillow