NOT LISTED FOR SALE

594 W Stevens Rd Palm Springs, CA 92262

Vista Las Palmas Neighborhood

Estimated Value: $5,760,000 - $6,125,000

5 Beds
7 Baths
5,073 Sq Ft
$1,171/Sq Ft Est. Value

Last Sold February 21, 2023

Last sale price $840,000 $166 Per Sq Ft

Est. 607% increase in value since last sale

Current estimated payment $36,842/month

65 Days on Market

Highlights

  • Cabana
  • 43,560 Sq Ft lot
  • Bonus Room
  • Palm Springs High School Rated A-
  • Mountain View
  • Furnished

About This Home

As of February 2023

New co-ownership opportunity: Own one-eighth of this professionally managed, turnkey home. Enter this just-renovated 5-bedroom, 7-bath stucco home through a picturesque garden, the calming sounds of a limestone fountain burbling nearby. Open the steel and glass doors and you'll discover an open floor plan living space that has it all. The living room features a soaring, beamed wood ceiling and sleek gas fireplace, with an adjoining game space and a stylish bar. Hand-troweled matte concrete floors run throughout, as do wood and welded steel accents. The gourmet kitchen has top-of-the-line appliances and a massive island for food prep and casual dining. The kitchen is separated from the formal dining space by a floating glass wine wall. All the bedrooms have room for king beds and the ensuite bathrooms include walk-in showers, matte black fixtures and white quartz counters. The home also has a private office.Take in views of the stunning San Jacinto Mountains from this completely walled corner property. In addition to the tennis court, putting green, and pool, you can enjoy a grand veranda with a spa, swimmable waterfall, two fire pits, a covered pergola, and a fully equipped outdoor kitchen with bar seating. Everything you could want in a private compound.The glass-doored, three-car garage offers an electric charger, air conditioning, and a bonus room above. The home comes fully furnished and professionally decorated.

Last Agent to Sell the Property

Joseph Maehler

Pacaso Inc. License #01457093 Listed on: 12/13/2022

Last Buyer's Agent

Joseph Maehler

Pacaso Inc. License #01457093 Listed on: 12/13/2022

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1991

Lot Details

  • 1 Acre Lot
  • Sprinklers on Timer

Property Views

  • Mountain
  • Pool

Interior Spaces

  • 5,073 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Bar
  • Ceiling Fan
  • Decorative Fireplace
  • Gas Fireplace
  • Formal Entry
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Concrete Flooring
  • Security System Owned

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Full Bathrooms

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener
  • Guest Parking
  • On-Street Parking

Pool

  • Cabana
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Outdoor Pool
  • Waterfall Pool Feature

Additional Features

  • Fire Pit
  • Zoned Heating and Cooling

Community Details

  • Old Las Palmas Subdivision
  • Billiard Room

Listing and Financial Details

  • Assessor Parcel Number 505151028

Home Details

Home Type

Single Family

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: One
  • Building Number Of Stories: 1
  • List Price per Sq Ft: 165.58
  • Lp Sp Ratio: 1.0000
  • View Type: Mountain(s), Pool
  • Year Built: 1991
  • Listing I D: 219088263
  • Listing Member Address: 4812 Cortland Dr, Corona Del Mar, CA 92625
  • Listing Office Address: 4812 Cortland Dr, Corona Del Mar, CA 92625
  • Selling Member Address: 4812 Cortland Dr, Corona Del Mar, CA 92625
  • Selling Office Address: 4812 Cortland Dr, Corona Del Mar, CA 92625
  • Street Direction: W
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Old Las Palmas
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Fireplace Features: Decorative, Gas, Fire Pit
  • Flooring: Concrete
  • Total Bedrooms: 5
  • Total Bathrooms: 7.00
  • Full Bathrooms: 7
  • Estimated Sq Ft: 5073.00

Exterior Features

  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Heated, Waterfall, Private, In Ground
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Heated, Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: On Street, Garage Door Opener, Direct Entrance, Guest
  • Total Covered Spaces: 3.00
  • Total Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Cooling Type: Air Conditioning, Zoned, Central Air, Ceiling Fan(s)
  • Heating: Central, Fireplace(s)
  • Security: Security System Owned
  • Sewer: In, Connected and Paid

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 505151028
  • Irrigation: Sprinkler System, Sprinkler Timer
  • Lot Size: 43560.00

Rental Info

  • Furnished: Furnished
  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2020
Sold by
C Cruz Holdings Llc
Bought by
Palm 120 Llc
Current Estimated Value
$5,942,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,150,000
Outstanding Balance
$1,913,195
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$3,709,305

Purchase Details

Listed on
Nov 20, 2018
Closed on
Feb 15, 2019
Sold by
Nalam Bhaskararao and Nalam Padmavathi
Bought by
C Cruz Holdings Llc
Seller's Agent
Louise Hampton
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
John Campbell
Keller Williams Luxury Homes
List Price
$2,995,000
Sold Price
$2,350,000
Premium/Discount to List
-$645,000
-21.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.80%

Purchase Details

Closed on
Dec 20, 2002
Sold by
Nalam Bhaskararao and Nalam Padmavathi
Bought by
Nalam Bhaskararao and Nalam Padmavathi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 6, 2002
Sold by
Nalam Bhaskararao and Nalam Padmavathi
Bought by
Nalam Bhaskararao and Nalam Padmavathi
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Palm 120 Llc $5,200,000 First American Title Company
C Cruz Holdings Llc $2,350,000 First American Title Company
Nalam Bhaskararao -- Fidelity National Title Co
Nalam Bhaskararao -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palm 120 Llc $2,150,000
Previous Owner Nalam Bhaskararao $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/21/2023 02/21/23 Sold $840,000 0.0% $166 / Sq Ft
12/13/2022 12/13/22 For Sale $840,000 -3.8% $166 / Sq Ft
11/09/2022 11/09/22 Sold $873,000 0.0% $172 / Sq Ft View Prior Sale
10/11/2022 10/11/22 For Sale $873,000 +20.4% $172 / Sq Ft
03/04/2021 03/04/21 Sold $725,000 0.0% $143 / Sq Ft View Prior Sale
02/19/2021 02/19/21 For Sale $725,000 0.0% $143 / Sq Ft
02/18/2021 02/18/21 Sold $725,000 0.0% $143 / Sq Ft View Prior Sale
12/11/2020 12/11/20 Price Changed $725,000 -78.0% $143 / Sq Ft
12/11/2020 12/11/20 For Sale $3,295,456 +40.2% $650 / Sq Ft
03/28/2019 03/28/19 Sold $2,350,000 -21.5% $463 / Sq Ft View Prior Sale
02/14/2019 02/14/19 Pending -- -- --
11/20/2018 11/20/18 For Sale $2,995,000 -- $590 / Sq Ft
Source: California Desert Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $67,370 $5,628,645 $1,970,025 $3,658,620
2023 $67,370 $5,410,080 $1,893,528 $3,516,552
2022 $68,762 $5,304,000 $1,856,400 $3,447,600
2021 $67,337 $5,200,000 $1,820,000 $3,380,000
2020 $30,058 $2,397,000 $142,800 $2,254,200
2019 $18,798 $1,488,161 $378,497 $1,109,664
2018 $18,442 $1,458,982 $371,077 $1,087,905
2017 $18,168 $1,430,375 $363,801 $1,066,574
2016 $17,629 $1,402,329 $356,668 $1,045,661
2015 $16,958 $1,381,266 $351,311 $1,029,955
2014 $16,799 $1,354,211 $344,430 $1,009,781
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Joseph Maehler

    Pacaso Inc.

    Section Image

  • B

    Seller's Agent in 2021

    Brandi Pratt

    eXp Realty of California, Inc.

  • Louise Hampton

    Seller's Agent in 2019

    Louise Hampton

    Berkshire Hathaway HomeServices California Properties

    (760) 320-4586

    7 in this area

    112 Total Sales

    Louise Hampton
    Section Image

  • J

    Buyer's Agent in 2019

    John Campbell

    Keller Williams Luxury Homes

    (323) 646-8558

    43 Total Sales

    John Campbell
    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 219088263

California Desert Association of REALTORS®

APN: 505-151-028

California Riverside County Palm Springs 92262 Vista Las Palmas

594 W Stevens Rd, Palm Springs, CA

Not Listed for Sale

Detached

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