1365 Yermo Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 3 bath
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Palm Springs, California 92262
This Turnkey Condominium in Tierra Hermosa is a Strong Value Opportunity, listed at $722,000—positioned well above the $692,185 Fair Market Value by 4%. While priced slightly above market, the property features a Condition Rating of 3, offering a move-in ready experience with modern appliances and stone countertops. The home provides a unique lifestyle with a private pool and spa and uninterrupted mountain views. Located near Katherine Finchy Elementary, it is an ideal sanctuary for Owner-Occupants or second-home buyers seeking a premium Palm Springs retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1365 Yermo Drive Subject | $722,000* List Price | 3 | 3 | 1,649 | $420 | - |
A 1377 Yermo Drive S Sold | $528,000 | 2 | 2 | 1,333 | $396 | 0.0 mi |
B 1426 Yermo Drive Sold | $686,750 | 3 | 3 | 1,649 | $416 | 0.0 mi |
C 1534 E Baristo Road Sold | $825,000 | 2 | 3 | 1,766 | $467 | 0.6 mi |
D 248 Villorrio Drive Sold | $585,000 | 2 | 3 | 1,516 | $386 | 0.6 mi |
E 402 N Hermosa Drive Sold | $749,000 | 3 | 3 | 1,650 | $454 | 0.0 mi |
F 1370 Yermo Drive S Sold | $506,000 | 2 | 2 | 1,333 | $380 | 0.1 mi |
G 677 E Arenas Road Sold | $659,000 | 2 | 3 | 1,794 | $367 | 0.8 mi |
H 657 N Palomar Circle Sold | $539,000 | 3 | 2 | 1,387 | $389 | 0.5 mi |
I 1408 Avenida Montana Active | $529,000 List Price | 2 | 2 | 1,375 | $385 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005, this 21-year-old property is in well-maintained, turn-key condition. While the cabinetry in the kitchen and bathrooms appears original, the home features updated stainless steel appliances, modern laundry units, and stone countertops. It is fully functional and move-in ready, aligning with the well-maintained standards of the 10-20 year category despite its chronological age.
A rare find for a condominium, this property features its own private, south-facing pool and spa with unobstructed mountain views and no overhead power lines.
As an end-unit on a large corner lot with a direct-access two-car garage and a two-story great room, the home offers the privacy and space typically associated with a detached residence.
Located in the gated Tierra Hermosa community, the property offers a quiet residential atmosphere while being minutes away from downtown Palm Springs' dining, shopping, and galleries.
The monthly association fee of $581 adds a significant recurring expense to the cost of ownership, which may impact the purchasing power of some buyers.
The local middle and high schools carry average ratings of 4 and 6, which could be a drawback for families prioritizing top-tier educational districts.
Located in the heart of central Palm Springs, this well appointed 3-bedroom, 3-bathroom end-unit home in the gated community of Tierra Hermosa offers a rare blend of private amenities, turn-key readiness, and convenience. On a generously sized south-facing corner lot the home feels more like a single family residence than a condo. Inside natural light pours through generous windows throughout the home to create a bright, airy feel in every room. The main level offers a two-story great room with mountain and pool views, an amazingly functional kitchen, formal dining, large bedroom, full bath, a large laundry room and direct-access two car garage. Upstairs, two bedroom suites - a generously sized primary suite overlooks the pool and offers an oversized en suite bathroom with walk-in closet. The ensuite guest bedroom is bathed in natural light and offers palm tree top views. The center piece of this home is the private, south facing, pool and spa with uninterrupted mountain views with no wires. Tierra Hermosa keeps you close to downtown Palm Springs shops, dining, and galleries while still offering a quiet, residential feel. A rare opportunity to own a condo with private outdoor amenities, stunning views, and an unbeatable location and value.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,649 | 1,199 |
| Lot Size | - | 1,742 |
| Price | $722.0K | $445.8K |
| Price per sq ft | $438 | $351 |
| Built year | 2005 | 1980 |
| HOA | $581.0 | $587 |
| Days on market | 16 | 67 |
Jul 6, 2026
$722,000
Initial Listing
May 26, 2006
$520,000
Public Record
Oct 31, 2005
$399,500
Public Record