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Backup Offers

1060 E Olive Way, Palm Springs, CA, 92262

$1,199,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths
2,331 SqFt
$514/SqFt
House

Location

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1060 E Olive Way, Palm Springs$1,199,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Carport, Driveway
Year Built1953
HeatingCentral, Forced Air, Natural Gas
CoolingCentral Air
FireplaceGas, Living Room
ViewMountain(s)
Private PoolYes
MLS #219118102PS
Lot Size0.27 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1060 E Olive Way

Back on the market...Welcome to an exquisite mid-century modern masterpiece nestled in the prestigious Movie Star Colony East. This stunning residence offers an unparalleled living experience with breathtaking mountain views visible from the pool, primary bedroom, and kitchen. Spanning 2,331 square feet, this luminous and spacious home features 3 bedrooms and 3 baths. The expansive living room, highlighted by a wood-burning gas fireplace, is perfect for cozy gatherings. Enjoy seamless indoor-outdoor living with an abundance of French and sliding doors. On hotter days, you can rest easy as the paid solar helps with the A/C and automatic awnings offer respite from the heat as well. Escape to your private spa as you soak in the remarkable vistas. A covered carport with automatic gates ensures privacy and convenience. Built in 1953, the home offers timeless charm combined with modern updates, set amidst a generous 11,761 square foot lot. The neighborhood's appeal is enriched by diverse attractions and convenient amenities, underlining the property's desirability.

Property Details

Property Features

Property Information:

  • Architectural Style: Modern
  • Year Built: 1953
  • Stories: 1
  • Living Area: 2,331 SqFt

Listing Office:

  • Office Name: Platinum Star Properties
  • Office Phone: (760) 424-8027
  • Listing Agent: John Giardina

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
  • Flooring Type: Tile
  • Interior: Breakfast Bar, Breakfast Area, Separate/Formal Dining Room, Open Floorplan, Recessed Lighting, Multiple Primary Suites, Primary Suite, Walk-In Closet(s)
  • Fireplace: Gas, Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Mountain(s)

Parking Information:

  • Attached Garage: No
  • Parking: Attached Carport, Driveway

Lot Features

Lot Information:

  • Lot: Back Yard, Irrigation System, Front Yard, Landscaped, Paved, Sprinklers
  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Turn East off of Avenida Caballeros... one block North of Tachevah Cross Street: Avenida Caballeros and Tachevah.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,199,000
  • Price Per SqFt: $514/SqFt

Tax Information:

  • Annual Amount: $5,432
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Palm Springs, CA.

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Palm Springs, CA

City

Med. Sold Price

$647K

Med. Price/SqFt

$422

Avg. Days On Market

57

# of Sold Homes

90

1060 E Olive Way vs Palm Springs

40 DAYS ON ROCKET

-17 Days

$1,199,000

+$552K More

$514/SqFt

+$92 More

KEY TAKEAWAY

This property is $552K more than the Median Sold Price and $92/SqFt more than other homes in Palm Springs, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #219118102PS

Listing Office:

  • Office Name: Platinum Star Properties
  • Office Phone: (760) 424-8027
  • Listing Agent: John Giardina

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 2:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 27, 2003Home Sold
$630,000
Jan 10, 2001Home Sold
$589,500
Jul 31, 2000Home Sold
$275,500
Apr 30, 1998Home Sold
$152,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,432$426,906
2020$5,431$422,530
2018$5,237$406,125
2017$5,096$398,162

History based on county public records data.

Payment Calculator

$6,052

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,661

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-321496
5
/10

  • Katherine Finchy Elementary School

  • 777 E Tachevah Dr

  • 0.18 miles

  • Public District Grades KG-5

school-card-donut-321497
4
/10

  • Vista Del Monte Elementary School

  • 2744 N Via Miraleste

  • 1.17 miles

  • Public District Grades KG-5

school-card-donut-321498
6
/10

  • Cahuilla Elementary School

  • 833 E Mesquite Ave

  • 2.11 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,055. The majority of Palm Springs, CA residents have income less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1060 E Olive Way

What is the listing price of this property?

The listing price of 1060 E Olive Way property is $1,199,000.

What type of property is this?

The property 1060 E Olive Way is a house located in Palm Springs, California, 92262.

Is this property for sale now?

Accepting Backup Offers: 1060 E Olive Way is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,432 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 27, 2003 for $630,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1060 E Olive Way has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 1060 E Olive Way is 2,331 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1060 E Olive Way is 1953.

Rocket Homes›California›Riverside County›Palm Springs›92262›1060 E Olive Way

This home is located at 1060 E Olive Way in Palm Springs, CA and zip code 92262 in the Movie Colony East neighborhood. This 2,331 square foot home, which was built in 1953, sits on a 0.27 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 12, 2024 and is currently priced at $1,199,000.

While more than 11 listings in Palm Springs, CA in October 2024 were sold above asking price, there were more than 19 listings sold at asking price, and more than 60 were sold below. In October 2024 in Palm Springs, CA there were 25.9% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $647,000, while the average time on the real estate market was 57 days.

From Rocket Homes Real Estate and based on county public records data.

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