1111 E Ramon 53, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
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Palm Springs, California 92264
This Fixer-Upper Condominium in Ramona Villas represents a significant Value-Add Asset in the premier Warm Sands neighborhood. Currently listed at a List Price of $350,000, the property is positioned relative to the $249,046 Fair Market Value, requiring a strategic renovation to modernize its original 1980s systems. With a Condition Rating of 5, the unit offers substantial upside through forced appreciation. Key features include a Spacious Private Side Patio, Mountain Views, and proximity to Palm Springs High School. This project is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 E Ramon 53 Subject | $350,000* List Price | 2 | 2 | 1,069 | $233 | - |
A 1150 E Palm Canyon Drive 39 Sold | $370,000 | 2 | 2 | 1,174 | $315 | 0.8 mi |
B 2001 E Camino Parocela G42 Sold | $415,000 | 2 | 2 | 1,175 | $353 | 0.6 mi |
C 1150 E Palm Canyon Drive 37 Sold | $345,000 | 2 | 2 | 1,174 | $294 | 0.8 mi |
D 1050 E Ramon Road 15 Active | $309,000 List Price | 2 | 2 | 1,152 | $268 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is explicitly marketed as a 'fix-and-flip' and 'investor opportunity,' indicating it requires substantial rehabilitation. Built in 1980 with no evidence of major renovations, the interior features, including the kitchen and bathrooms, are likely original or severely outdated. The listing's emphasis on 'vision' and 'renovation' suggests that major systems, flooring, and fixtures need replacement to make the home competitive or comfortably livable by modern standards.
Situated in the desirable Warm Sands neighborhood, this property offers exceptional proximity to downtown Palm Springs, placing premier dining, shopping, and entertainment within walking or biking distance.
The condo features a rare and spacious private side patio, providing a unique opportunity to create an expansive desert oasis for outdoor living and entertaining.
Located within Ramona Villas, residents benefit from well-maintained community grounds, mountain views, and premium amenities including pools and tennis courts.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2000, other record lot size in square feet = 1600.
The property is marketed as a fixer-upper or investment opportunity, meaning buyers will need to budget for significant updates and repairs to modernize the space.
With a monthly association fee of $605, the recurring overhead is relatively high, which may impact the net ROI for investors or the monthly budget for entry-level buyers.
Opportunity meets location in the desirable Ramona Villas community in Warm Sands, just minutes from the energy of downtown Palm Springs. This well-positioned condo presents a fantastic opportunity for investors, renovators, or buyers looking for an affordable entry point into the Palm Springs market.With a little vision, this property could shine as a fix-and-flip, rental investment, or personal desert retreat. One of its standout features is the spacious private side patio, offering excellent potential for outdoor living, entertaining, or creating your own desert oasis.Ramona Villas offers a collection of community amenities including pools, tennis courts, and beautifully maintained grounds, creating a relaxed resort-style environment.Located in the vibrant Warm Sands neighborhood, you're within easy walking or biking distance to downtown Palm Springs, where restaurants, shopping, nightlife, and local events are always close by.Whether you're an investor searching for your next project or a buyer looking to get into Palm Springs at an attractive price point, this is an opportunity worth exploring.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 2.1 mi
Grades K-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,069 | 1,392 | 19% |
| Lot Size | 2,000 | 871 | 75% |
| Price | $350.0K | $485.0K | 23% |
| Price per sq ft | $327 | $347 | 41% |
| Built year | 1980 | 1976 | 70% |
| HOA | $605.0 | $624 | 45% |
| Days on market | 37 | 156 | 2% |
Mar 16, 2026
$350,000
Initial Listing
Aug 4, 2004
$255,000
Public Record
Mar 30, 1998
$62,000
Public Record