1150 E Palm Canyon Drive 51, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 2 bath
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Palm Springs, California 92264
This Fee Simple Condominium represents a Strong Value Opportunity, listed at $519,000—positioned slightly above the $515,733 Fair Market Value. While not a deep discount, the property offers long-term stability through its Fee Simple Land Ownership and prime location in the Deepwell neighborhood. With a Condition Rating of 4, the unit is move-in ready but serves as a blank canvas for cosmetic modernization. Featuring unobstructed panoramic mountain views, resort-style amenities, and 30-day rental flexibility, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1150 E Palm Canyon Drive 51 Subject | $519,000* List Price | 3 | 2 | 1,659 | $311 | - |
A 395 E La Verne Way Sold | $625,000 | 3 | 2 | 1,799 | $347 | 0.7 mi |
B 171 Calle Bravo Sold | $387,500 | 2 | 3 | 1,694 | $229 | 0.7 mi |
C 1145 S La Verne Way Sold | $390,000 | 2 | 2 | 1,325 | $294 | 0.5 mi |
D 1150 E Palm Canyon Drive 73 Sold | $399,900 | 2 | 2 | 1,240 | $323 | 0.1 mi |
E 1711 Grand Bahama Drive W Sold | $459,000 | 2 | 2 | 1,391 | $330 | 0.6 mi |
F 2079 S Ramitas Way Sold | $579,000 | 2 | 2 | 1,855 | $312 | 0.7 mi |
G 2083 S Ramitas Way Sold | $619,000 | 3 | 2 | 1,855 | $334 | 0.7 mi |
H 1004 Saint Thomas Circle Sold | $435,000 | 2 | 2 | 1,391 | $313 | 0.6 mi |
I 1541 S Cerritos Drive Active Under Contract | $555,000 List Price | 2 | 2 | 1,897 | $293 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980 (44 years old), the property is well-maintained but dated. While the HVAC system is excellent (5 years old) and the kitchen has been cosmetically refreshed with paint, the overall cabinetry, countertops, and fixtures appear to be original or older than 20 years. It is move-in ready but requires modernization to the kitchen and baths to meet current market standards.
A significant advantage in Palm Springs, this property is on land you own rather than leased land, offering better financing options and long-term value stability.
As a single-level end unit with no neighbors above, this condo provides maximum privacy, quiet, and increased natural light through its clerestory windows.
Located in the desirable Deepwell neighborhood, the property is walkable to shopping and dining and features resort-style amenities including pickleball courts and EV charging.
The association fee of $707 per month is relatively high, which may impact the monthly carry costs and overall affordability for some buyers.
Described as a 'blank canvas' with carpeted bedrooms and original layouts, the unit likely requires additional investment in modern flooring and finishes to reach its full potential.
Welcome to Rancho La Paz, a beautifully maintained gated community in the highly sought-after Deepwell neighborhood of South Palm Springs. NOT LEASED LAND! Ideally located, this end-unit, one level, no one above, condominium is within walking distance of Smoketree Shopping Center, Elmer's Restaurant, and Koffi, and just a five-minute drive from the vibrant shops, restaurants, and entertainment of downtown Palm Springs. Offering 1,659 square feet of thoughtfully designed living space, this spacious three-bedroom, two-bath Condo features soaring ceilings, clerestory windows that fill the interior with natural light, and an open-concept living and dining area that's perfect for relaxing or entertaining. The primary suite is thoughtfully separated from the two guest bedrooms, creating a peaceful and private retreat. The main living areas feature easy-care tile flooring, while the bedrooms are comfortably carpeted. Soft white walls and freshly painted kitchen cabinetry create a bright, neutral palette that complements any design style--from iconic Mid-Century Modern to contemporary or traditional. This is truly a blank canvas, ready for its next owner to add their personal touch and make it shine. Step outside to your expansive patio, where beautiful mountain views provide the perfect backdrop for morning coffee, afternoon lounging, or evening BBQs with family and friends. NEW HVAC installed just 5 years ago! There is also a Kitchen Water Filtration System also connected to the Refrigerator. Residents of Rancho La Paz enjoy resort-style amenities including three sparkling pools, three spas, tennis and pickleball courts, a dog park, EV Charging Station, and beautifully landscaped grounds. The HOA also permits 30-day minimum rentals, making this property an excellent choice as a full-time residence, seasonal getaway, or income-producing investment. Whether you're searching for a stylish desert retreat, a vacation home, or an investment opportunity in one of Palm Springs' most desirable neighborhoods, this home offers the ideal combination of location, lifestyle, and value.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 2.9 mi
Grades K-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,659 | 1,199 |
| Lot Size | 2 | 1,742 |
| Price | $519.0K | $445.8K |
| Price per sq ft | $313 | $351 |
| Built year | 1980 | 1980 |
| HOA | $707.0 | $587 |
| Days on market | 7 | 67 |
Jul 15, 2026
$519,000
Initial Listing
Oct 6, 2016
$255,000
Public Record
Jun 20, 2006
$345,000
Public Record
May 13, 2005
$359,000
Public Record
Dec 29, 2004
$290,000
Public Record