1429 N Cerritos Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

1429 N Cerritos Drive
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 1429 N Cerritos Drive, Palm Springs, California 92262 is currently available with a list price of $514,900. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1972 Donald Wexler designed condo is in move-in ready condition with significant updates. The kitchen and bathrooms have been modernized with contemporary cabinetry, stone countertops, and stainless steel appliances. Major mechanical systems are recently updated, specifically the HVAC and water heater in 2023. The interior features consistent large-format tile flooring and updated fixtures, showing minimal wear and tear and no immediate need for renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Architectural Pedigree
Designed by the legendary Donald Wexler, this mid-century modern condo offers significant aesthetic value and is nearing historical designation, which could provide owners with substantial Mills Act tax reductions.
- Prime Views and Privacy
As a spacious end unit, this property offers enhanced privacy and features stunning, unobstructed west-facing mountain views that are highly coveted in the Palm Springs market.
- Turnkey and Updated
The home is offered turnkey furnished and features essential mechanical updates from 2023, including a new HVAC system and water heater, ensuring a low-maintenance transition for the buyer.
CONSRISKS & DEFICIENCIES
- High Monthly Dues
The HOA fee of $725 per month is relatively high, which may impact the overall affordability and debt-to-income ratios for prospective buyers.
- Compact Living Space
At 1,248 square feet for a three-bedroom configuration, the interior layout may feel somewhat constrained for those accustomed to more expansive modern floor plans.
About 1429 N Cerritos Drive
Step into classic Palm Springs style at this Donald Wexler designed mid-century condo in Sagewood, a beautifully spread-out community of just 108 homes across nearly 19 acres. This spacious end unit delivers extra privacy, wide open living space, and jaw-dropping, straight-on west-facing mountain views that never get old. Inside, you'll find three bedrooms (one currently used as a den), two baths, a large open living room / dining room and a well appointed kitchen for the chef in you. This property is offered turnkey furnished. Outside your door, Sagewood's lush greenbelts, desert landscaping, and colorful gardens feel more like a private resort than a condo complex. Spend your days floating in one of three pools, playing tennis or pickleball, and hosting sunset cocktails against the dramatic mountain backdrop. HVAC and water heater were replaced in 2023. HOA fees include water, sewer, cable and high-speed internet. Contact agent for private showing. Per seller, Sagewood is very close to achieving Historical Designation, which would allow new owners to apply for the Mills Act tax reduction.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1972
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $725.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Katherine Finchy Elementary School
Grades K-5 • 0.9 mi
Raymond Cree Middle School
Grades 6-8 • 0.7 mi
Palm Springs High School
Grades 9-12 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 81% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,248 | 1,060 | 65% |
| Lot Size | - | 500 | 45% |
| Price | $514.9K | $331.0K | 77% |
| Price per sq ft | $413 | $344 | 74% |
| Built year | 1972 | 1982 | 14% |
| HOA | $725.0 | $532 | 91% |
| Days on market | 56 | 173 | 4% |
Pricing History
Listed for Sale
Feb 18, 2026
$514,900
$529,000
-3% Price Drop
Initial Listing
Price Change
Jan 10, 2026
$529,000
Initial Listing
Sold
Jan 27, 2020
$325,000
Public Record










































