1150 E Palm Canyon Drive 51, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 2 bath

1150 E Palm Canyon Drive 51, Palm Springs, California 92264 home-pic-0
ACTIVE$524,000
1150 E Palm Canyon Drive 51, Palm Springs, California 92264
3Beds
2Baths
1,659Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Fee Simple Ownership: A significant advantage in Palm Springs, as the property is not subject to a land lease, offering full ownership and potentially better long-term value.
Top Cons:
High Monthly Association Fee: The $600 monthly association fee is substantial and will impact overall housing costs and investment returns.

Compared to the nearby listings

Price:$524.0K vs avg $442.4K (+$81,550)64%
Size:1,659 sqft vs avg 1,307 sqft73%
Price/sqft:$316 vs avg $33837%

More Insights

Built in 1980 (45 years old).
Condition: The property was built in 1980, making it 44 years old. While described as 'beautifully maintained' and 'move-in ready' with fresh paint and central HVAC, the kitchen and bathrooms show signs of being outdated. The kitchen features traditional wood cabinets, older-style countertops with a small tile backsplash, and a mix of appliances where the range and microwave appear older, though the refrigerator is stainless steel. The flooring is a mix of clean but dated tile and carpet. Major components are functional, but the overall aesthetic and specific features in the kitchen and bathrooms suggest renovations, if any, occurred 15-30 years ago, or that many elements are original and well-preserved but not modern. This aligns with the 'Fair' criteria of being built over 20 years ago, maintained through regular upkeep, and having functional but outdated major components that may require minor updates for a modern aesthetic.
Year Built
1980
Close
-
List price
$524K
Original List price
$529K
Price/Sqft
$316
HOA
$600
Days on market
-
Sold On
-
MLS number
PV25033576
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

NO LAND LEASE!! Welcome to this beautifully maintained single-level 3-bedroom, 2-bathroom end-unit condo in the highly desirable Rancho La Paz community of South Palm Springs. Offering 1,659 square feet of comfortable living space, this home combines classic desert charm with a spacious, open layout ideal for both everyday living and entertaining. The bright and airy great room features vaulted ceilings and celestial windows that fill the space with natural light throughout the day. A separate dining area opens to a large private patio where you can unwind and enjoy the beautiful mountain views. The kitchen is open and functional, with a convenient breakfast bar that connects to the main living space. The primary bedroom suite is thoughtfully separated from the other two bedrooms, offering privacy and a quiet retreat. Freshly painted in crisp white tones, the home includes a mix of tile and carpet flooring, in-unit laundry, central HVAC, and a detached carport located conveniently nearby. Best of all, this property is Fee Simple, meaning you own the land — a significant benefit in Palm Springs where many properties are on leased land. Rancho La Paz is a gated community with well-maintained landscaping and excellent amenities, including three sparkling pools, a spa, and both tennis and pickleball courts. Located just minutes from downtown Palm Springs, you’ll be close to shopping, dining, and hiking — making this a perfect full-time residence, vacation home, or investment property. This move-in-ready home delivers value, comfort, and location — with no land lease to worry about.

Nearby schools

4/10
Cahuilla Elementary School
Public,K-50.5mi
4/10
Raymond Cree Middle School
Public,6-82.9mi
4/10
Desert Learning Academy
Public,K-121.2mi
6/10
Palm Springs High School
Public,9-121.5mi
Condition Rating
Fair

The property was built in 1980, making it 44 years old. While described as 'beautifully maintained' and 'move-in ready' with fresh paint and central HVAC, the kitchen and bathrooms show signs of being outdated. The kitchen features traditional wood cabinets, older-style countertops with a small tile backsplash, and a mix of appliances where the range and microwave appear older, though the refrigerator is stainless steel. The flooring is a mix of clean but dated tile and carpet. Major components are functional, but the overall aesthetic and specific features in the kitchen and bathrooms suggest renovations, if any, occurred 15-30 years ago, or that many elements are original and well-preserved but not modern. This aligns with the 'Fair' criteria of being built over 20 years ago, maintained through regular upkeep, and having functional but outdated major components that may require minor updates for a modern aesthetic.
Pros & Cons

Pros

Fee Simple Ownership: A significant advantage in Palm Springs, as the property is not subject to a land lease, offering full ownership and potentially better long-term value.
Exceptional Community Amenities & Location: Gated community with three pools, a spa, tennis, and pickleball courts, all minutes from downtown Palm Springs' shopping, dining, and hiking.
Bright, Open, and Spacious Interior: Features 1,659 sq ft with vaulted ceilings, celestial windows, and an open layout, maximizing natural light and a sense of space.
Private Outdoor Living with Mountain Views: Includes a large private patio perfect for relaxation, offering beautiful mountain views.
Move-in Ready End Unit with Central HVAC: A well-maintained, freshly painted end-unit condo with in-unit laundry and central HVAC, ready for immediate occupancy.

Cons

High Monthly Association Fee: The $600 monthly association fee is substantial and will impact overall housing costs and investment returns.
Property Age (1980 Construction): While maintained, the 1980 build year suggests potential for original systems or finishes that may require future updates or may not appeal to buyers seeking modern construction.
Condominium Restrictions: As a condo, it comes with HOA rules and regulations, and shared walls, which may not suit all buyers seeking complete autonomy or extensive private outdoor space.

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