1655 E Palm Canyon Drive 307, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
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Palm Springs, California 92264
This Value-Add Condominium is a strategic resort asset listed at $199,000, representing a stable entry point at its $199,000 Fair Market Value with $0 in Instant Equity. As the lowest-priced unit in the complex, it offers Seller-Assisted Financing and a Condition Rating of 4, signaling a clear path for modernization and forced appreciation. The unit features unobstructed mountain views and resort amenities near Cahuilla Elementary and Palm Springs High. This acquisition is ideally suited for Buy-and-Hold Investors or first-time buyers seeking a high-potential project in South Palm Springs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1655 E Palm Canyon Drive 307 Subject | $199,000* List Price | 1 | 1 | 755 | $264 | - |
A 1655 E Palm Canyon Drive 602 Sold | $240,000 | 1 | 1 | 755 | $318 | 0.0 mi |
B 1552 S Camino Real 330 Sold | $203,500 | 1 | 1 | 645 | $316 | 0.6 mi |
C 1655 E Palm Canyon Drive 111 Active | $225,000 List Price | 1 | 1 | 755 | $298 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is clean and move-in ready with fresh paint, but it is significantly dated and lacks recent renovations. Built in 1974, the interior features original-style popcorn ceilings, older large-format tile flooring, and a kitchen with dated tile countertops and white coil-top appliances. The bathroom vanity and light fixtures also show their age, placing the condition in the 'fair' category as it is functional but requires modernization to meet current aesthetic standards.
As the lowest-priced unit in the complex with seller-assisted financing available, this property offers an exceptionally accessible entry point for first-time buyers or investors.
Situated in the heart of South Palm Springs, the Smoketree Racquet Club provides premium community features including tennis, pickleball, and a pool, all within walking distance to shopping and hiking.
The unit boasts some of the most incredible unobstructed mountain views in the area, a high-demand feature that significantly enhances the property's aesthetic appeal and market value.
Built in 1974, the property may require interior modernizations and could face maintenance issues common with older condominium developments.
At 755 square feet with only one bedroom, the compact footprint may limit the buyer pool to individuals or couples, excluding those needing extra space or a home office.
SELLER ASSISTED FINANCING AVAILABLE!! Incredible opportunity to own this condominium in the heart of South Palm Springs at the well known Smoketree Racquet Club. Known for its perfect location, tennis and pickleball facilities, as well as beautiful community pool and spa, this highly sought after development has everything for the full-time resident or seasonal vacationer seeking that perfect getaway place. This freshly painted and freshened up exterior 1BR/1BA condo offers some of the most incredible unobstructed mountain views and is close to shopping, hiking, golf...you name it, and is the lowest priced unit in the entire complex. Don't miss out on this wonderful opportunity.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 3.1 mi
Grades K-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 14% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 755 | 1,392 | 8% |
| Lot Size | - | 871 | 44% |
| Price | $199.0K | $485.0K | 2% |
| Price per sq ft | $264 | $347 | 12% |
| Built year | 1974 | 1976 | 48% |
| HOA | $317.0 | $624 | 1% |
| Days on market | 108 | 157 | 32% |
Apr 4, 2026
$199,000
$209,000
-5% Price Drop
Initial Listing
Jan 5, 2026
$209,000
Initial Listing