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3670 Andreas Hills Drive
Palm Springs, CA 92264
$3,500,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3487
Property Description
Perched on the edge of Andreas Hills, this custom estate sprawls nearly 2 acres, offering breathtaking mountain vista views. It's elegant design harmonizes with the natural desert surroundings through a timeless blend of warm tones, wood, and stone. Once inside, you are greeted by a striking central living room boasting 14ft. Vega & Latillo beamed ceilings, a wood-burning fireplace, expansive glass doors unveiling panoramic views of mountains with lush treetops of Palm Springs just below. The kitchen, adorned with walls of windows that overlook the desert paradise, is a haven for any culinary enthusiast, equipped with top-tier appliances and custom saguaro cactus rib cabinets. The Primary suite exudes luxury, featuring a fireplace, a cozy sitting area, a spacious bath with brass fixtures, a spa tub and a large walk-in shower. Continuing throughout, a generous media room with custom built-ins, ideal for showcasing cherished collections and books. Proceeding down the hallway, adorned with artful lighting for fine art, discover a second en-suite retreat that offers seamless design continuity of well-defined spaces and a 3rd bedroom adjacent to a full bathroom, ideal for any guests. Venturing outdoors, find majestic views to compliment a sparkling pool and spa, loggia w/ fireplace and several gathering areas. Not to mention, fully owned solar and a 3-car garage. This exceptional home stands as a testament to unparalleled desert living. Perched on the edge of Andreas Hills, this exceptional estate sprawls over almost 2 acres, offering breathtaking mountain vista views. Its elegant design, reminiscent of Sedona's charming allure, harmonizes with the natural surroundings through a timeless blend of warm tones, wood, and stone. Once inside, you are greeted by a striking living room boasting 14ft. Vega & Latillo ceilings, a wood-burning fireplace, and expansive glass doors unveiling panoramic views of mountains and the lush oasis of treetops shading Palm Springs below. The kitchen, adorned with walls of windows, overlooks the desert paradise. The kitchen, a haven for any culinary enthusiast is equipped with top-tier appliances and custom saguaro cactus rib cabinets. The Primary suite exudes luxury, featuring a fireplace, a cozy sitting area, a spacious bath with brass fixtures, a spa tub and a large walk-in shower. Continuing throughout find a snug media room with custom built-ins showcasing cherished collections and books. Wander down the hallway adorned with artful lighting for fine arts. A second en-suite retreat offers seamless design continuity with well-defined spaces. The 3rd bedroom is adjacent to a full bathroom, ideal for any guests. Outside, a captivating pool/spa, loggia w/ fireplace and BBQ. Owned solar and 3 car garage. This exceptional abode stands as a testament to unparalleled desert living.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1994
MLS Number
219106888
Location
Address
3670 Andreas Hills Drive
City
Palm Springs
State
CA
Zip Code
92264
County
RIVERSIDE (EAST)
Listing
Provider
Sotheby's International Realty, original listing
Name
Sotheby's International Realty
Phone
(310) 724-7000
Office Name
Sotheby's International Realty
Office Phone
(310) 724-7000
Agent Name
Ryan Cummings

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.