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1550 S Camino Real 125, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

1550 S Camino Real 125, Palm Springs, California 92264 home-pic-0
ACTIVE$325,000
1550 S Camino Real 125, Palm Springs, California 92264
2Beds
2Baths
889Sqft
1,063Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Extensively Remodeled Interior: The condo features recent, high-quality remodels in the kitchen (new appliances, cabinets, quartz, backsplash) and primary bathroom (tiled shower, frameless glass), along with new living room flooring, offering a modern and move-in-ready aesthetic.
Top Cons:
Land Lease Property: The property is subject to a land lease, which, despite being extended until 2072, means buyers do not own the land outright and will need to consider the implications of leasehold ownership as the expiration date approaches.

Compared to the nearby listings

Price:$325.0K vs avg $439.4K ($-114,450)19%
Size:889 sqft vs avg 1,307 sqft15%
Price/sqft:$366 vs avg $34061%

More Insights

Built in 1974 (51 years old).
Condition: Despite being built in 1974, this condo has undergone a comprehensive and recent renovation, as explicitly stated in the description and visually confirmed by the images. The kitchen features all new appliances, modern dark cabinetry, quartz countertops, and a stylish backsplash. Both bathrooms are fully updated with contemporary tiling, new vanities, and modern fixtures (black hardware in one, gold in the other, and a frameless glass shower door in the primary). New wood-look laminate flooring extends throughout the living areas and bedrooms. The light fixtures are modern, and the overall aesthetic is fresh and current, indicating an extensive renovation likely within the last 5 years, bringing the property to a virtually new condition in its key living spaces.
Year Built
1974
Close
-
List price
$325K
Original List price
$300K
Price/Sqft
$366
HOA
$540
Days on market
-
Sold On
-
MLS number
OC25197400
Home ConditionExcellent
Features
Good View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

LOWER LEVEL UNIT. Welcome to the prestigious Palm Springs Biltmore community! This beautifully remodeled condo features a split-bedroom layout with two bedrooms, two bathrooms and comes with everything you need! Kitchen and primary bedroom have been recently remodeled with kitchen offering all new appliances, new cabinets, new quartz countertops, and a beautiful backsplash. The natural lighting makes the new living room flooring shine from the living room to the kitchen and throughout the open floor plan. The primary suite has a designer feel with a tiled shower and a frameless glass shower door. With central air conditioning for your convenience and plenty of space, this home has it all. Sliding doors to your private patio area for extra rest and relaxation makes this prime real estate. Community offers a pool, tennis courts, laundry, and carport parking. Minutes from Downtown, shopping, restaurants, and the 110 Freeway! Property is ideal for full-time residence or short term vacation rentals (30 Day Minimum per HOA). Land Lease extended until 2072. Nestled within walking distance to vibrant restaurants, trendy cafés, shopping and hiking trails, the location offers the perfect blend of convenience and relaxation. Whether you’re looking for a full-time residence, vacation retreat, or investment property, this unit delivers on all fronts. With its flexible floor plan, strong community features and accessible price point, Unit 125 is a rare find. Don’t miss your chance—make this desert gem your own.

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•0.4mi
4/10
Raymond Cree Middle School
Public,•6-8•2.9mi
4/10
Desert Learning Academy
Public,•K-12•1.3mi
6/10
Palm Springs High School
Public,•9-12•1.6mi
Condition Rating
Excellent
Despite being built in 1974, this condo has undergone a comprehensive and recent renovation, as explicitly stated in the description and visually confirmed by the images. The kitchen features all new appliances, modern dark cabinetry, quartz countertops, and a stylish backsplash. Both bathrooms are fully updated with contemporary tiling, new vanities, and modern fixtures (black hardware in one, gold in the other, and a frameless glass shower door in the primary). New wood-look laminate flooring extends throughout the living areas and bedrooms. The light fixtures are modern, and the overall aesthetic is fresh and current, indicating an extensive renovation likely within the last 5 years, bringing the property to a virtually new condition in its key living spaces.
Pros & Cons

Pros

Extensively Remodeled Interior: The condo features recent, high-quality remodels in the kitchen (new appliances, cabinets, quartz, backsplash) and primary bathroom (tiled shower, frameless glass), along with new living room flooring, offering a modern and move-in-ready aesthetic.
Prime Walkable Location: Situated minutes from Downtown Palm Springs, the property offers exceptional walkability to vibrant restaurants, trendy cafés, shopping, and hiking trails, enhancing lifestyle and convenience.
Robust Community Amenities: Residents benefit from a well-equipped community featuring a pool, tennis courts, laundry facilities, and convenient carport parking, adding significant value and recreational options.
Versatile Use & Investment Potential: Ideal for a full-time residence, a vacation retreat, or an investment property, with the flexibility to accommodate short-term vacation rentals (30-day minimum per HOA), appealing to a broad buyer pool.
Essential Central Air Conditioning: The inclusion of central air conditioning provides crucial comfort, especially in the Palm Springs climate, making the unit more desirable and livable year-round.

Cons

Land Lease Property: The property is subject to a land lease, which, despite being extended until 2072, means buyers do not own the land outright and will need to consider the implications of leasehold ownership as the expiration date approaches.
Building Age (1974): While the interior is updated, the building itself was constructed in 1974, suggesting potential for older common area infrastructure or future maintenance needs that could lead to HOA assessments.
30-Day Minimum Rental Restriction: Although short-term rentals are permitted, the HOA's 30-day minimum stay requirement may limit the property's income potential compared to areas allowing shorter, more frequent vacation rentals.

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