
Palm Springs, California 92264
This Value-Add Condominium in the desirable Warm Sands neighborhood represents a strategic "clean slate" for a custom renovation. Listed at $399,000 with a $350,160 Fair Market Value, the property’s value is anchored by Fee Simple Land Ownership and panoramic mountain views. Holding a Condition Rating of 4, the unit requires a full interior remodel to modernize its 1980s finishes. Located near Cahuilla Elementary and Palm Springs High School, the community offers a saltwater pool and tennis courts. This is an ideal acquisition 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 Road 13 Subject | $399,000* List Price | 2 | 2 | 1,069 | $328 | - |
A 1150 E Palm Canyon Drive 39 Sold | $370,000 | 2 | 2 | 1,174 | $315 | 0.9 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 | 0.9 mi |
D 1111 E Ramon Road 98 Sold | $480,000 | 3 | 2 | 1,313 | $366 | 0.2 mi |
E 2033 E Ramon Road 7a Sold | $460,000 | 2 | 2 | 1,275 | $361 | 0.5 mi |
F 1050 E Ramon Road 15 Active | $309,000 List Price | 2 | 2 | 1,152 | $268 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, this property is in mostly original condition and is explicitly marketed as a 'clean slate' for a remodel. The kitchen features dated fluorescent light boxes, laminate countertops, and older electric coil appliances. The interior maintains 1980s-era features such as popcorn ceilings, mirrored wall accents, and original bathroom vanities. While the unit appears well-maintained and functional, it has not undergone any significant renovations in over 40 years, placing it squarely in the 'Fair' category.
Located on fee land rather than a land lease, this property offers full ownership of the land, which is a significant advantage for financing and long-term investment stability in Palm Springs.
The community provides an exceptional lifestyle with a saltwater pool, spa, tennis courts, EV chargers, and a modern fitness center, plus the rare benefit of earthquake insurance included in the HOA.
Situated in the desirable Warm Sands area close to major shopping corridors, the unit features an oversized enclosed patio with sweeping panoramic mountain views.
Described as a 'clean slate,' the interior is in original condition and requires a complete remodel, which will necessitate a significant additional investment of time and capital.
The association fee of $609 per month is relatively high, which may deter budget-conscious buyers or impact the overall debt-to-income ratio for financing.
Welcome to the Ramona Villas, a single level community located on fee land (so you own the land) in the terrific and desirable Warm Sands area in South Central Palm Springs, very close to the Ramon Road @ Sunrise Way shopping corridor as well as the CV Link. This 2BR 2BA with 2 sets of sliding glass doors for easy access to the wonderful, enclosed, oversized patio offers sweeping mountain views, and an affordable opportunity for a buyer looking to own a clean slate South Palm Springs condo, ready for your very personal remodel. There are skylights in both bathrooms, and a lot of closet space in both bedrooms, as well as a laundry closet with stacked washer and dryer in the hallway. The super sized community saltwater pool and jacuzzi, clubhouse with state-of-the-art fitness equipment, tennis courts and gorgeous maintained grounds offer the ultimate resort lifestyle, all maintained by the HOA (monthly dues are low at $473). There are EV-chargers, an assigned 1 car carport space with closet, as well as plenty of overflow guest parking, and earthquake insurance is included as well.
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 | - | 871 | 44% |
| Price | $399.0K | $485.0K | 31% |
| Price per sq ft | $373 | $348 | 59% |
| Built year | 1980 | 1976 | 70% |
| HOA | $609.0 | $624 | 45% |
| Days on market | 21 | 156 | 1% |
Apr 1, 2026
$399,000
Initial Listing