155 W Hermosa Place 5, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
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Palm Springs, California 92262
This Iconic Mid-Century Modern Condo is listed at $499,000, representing a rare opportunity to own a piece of architectural history in the Villa Hermosa complex. The price reflects its Excellent Condition Rating, featuring a high-end kitchen renovation, modern tile flooring, and turnkey furnishings. While the list price sits near the $475,449 Fair Market Value, the property’s location in Old Las Palmas and proximity to Katherine Finchy Elementary ensure long-term desirability. Boasting expansive mountain views and permitted short-term rentals, this residence is perfectly suited for Design Enthusiasts or Vacation Home Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 155 W Hermosa Place 5 Subject | $475,000* List Price | 1 | 1 | 663 | $704 | - |
A 155 W Hermosa Place 4 Sold | $505,000 | 1 | 1 | 756 | $668 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is in pristine, move-in-ready condition, featuring a fully updated kitchen with modern stainless steel appliances, contemporary cabinetry, and stylish countertops. The interior boasts newer large-format tile flooring, modern light fixtures, and updated window shutters throughout. While the recorded build year is 2003, the interior reflects a high-end, recent renovation that meets current modern standards with no signs of deferred maintenance, aligning with the 'excellent' criteria for recently renovated properties.
Designed by legendary architect Albert Frey, this property offers iconic mid-century modern aesthetics and is offered turnkey furnished, providing immediate value and historical prestige.
Situated in the premier Old Las Palmas neighborhood with short-term rentals permitted, this unit serves as a rare and lucrative investment opportunity in a high-demand tourism corridor.
The residence features two private patios, including one of the largest in the complex, offering expansive mountain views and seamless indoor-outdoor desert living.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1067, other record lot size in square feet = 435.
With only 663 square feet of living area, the compact footprint may be a constraint for buyers seeking a more spacious primary residence or extensive storage.
The absence of an in-unit washer and dryer requires the use of shared building facilities, which can be a significant inconvenience for high-end renters and owners.
Welcome to 155 Hermosa Place, Unit 5, a gem nestled in the iconic mid-century modern complex, Villa Hermosa, designed by the legendary architect Albert Frey. Situated in the heart of Palm Springs' Old Las Palmas neighborhood, this condo offers a unique investment opportunity with allowed short-term rentals.Step inside this 663-square-foot, 1-bedroom, 1-bathroom residence and be captivated by its modern charm. The stylish kitchen is spacious and equipped with updated appliances, countertops, and lighting, perfect for culinary enthusiasts. The living areas feature newer tile and shutters, providing a sleek and contemporary ambiance.Enjoy the luxury of two private patios, including one of the largest in the complex, offering breathtaking views of the San Jacinto Mountains. Whether you're sipping morning coffee or hosting a twilight dinner party, the outdoor space is a serene retreat.This unit boasts a range of amenities, including assigned parking, a refreshing pool, and convenient laundry facilities within the building.Offered turnkey furnished, this condo is a perfect blend of privacy and community, with cantilevered roofs and a layout that embraces the desert landscape. Experience the captivating simplicity of Frey's International Style of modernism in a location that truly has it all. Right in the heart of downtown and walking distance to all that Palm Springs has to offer.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 35% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 663 | 1,122.5 | 21% |
| Lot Size | 1,067 | 500 | 68% |
| Price | $475.0K | $361.0K | 67% |
| Price per sq ft | $716 | $347 | 98% |
| Built year | 2003 | 1981 | 87% |
| HOA | $541.0 | $550 | 46% |
| Days on market | 77 | 182 | 11% |
Apr 14, 2026
$475,000
$499,000
-5% Price Drop
Initial Listing
Feb 5, 2026
$499,000
Initial Listing
Mar 22, 2024
$515,000
Public Record
Aug 13, 2015
$285,000
Public Record
Mar 13, 2015
$239,000
Public Record