1655 E Palm Canyon Drive 318, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
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Palm Springs, California 92264
This Turnkey Desert Sanctuary is a Prime Investment Opportunity, listed at $229,000—positioned well below the $236,676 Fair Market Value by 3%. This valuation gap offers $7,676 in Instant Equity. Boasting a Condition Rating of 3, the residence features a remodeled bathroom, new HVAC, and stunning Mount San Jacinto views. Located in the SmokeTree Racquet Club near Palm Springs High, the community offers resort-style tennis and pool amenities. This polished home is ideal for vacation-home seekers or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1655 E Palm Canyon Drive 318 Subject | $229,000* List Price | 1 | 1 | 755 | $313 | - |
A 1655 E Palm Canyon Drive 602 Sold | $240,000 | 1 | 1 | 755 | $318 | 0.0 mi |
B 1655 E Palm Canyon Drive 306 Sold | $250,000 | 1 | 1 | 755 | $331 | 0.0 mi |
C 1552 S Camino Real 330 Sold | $203,500 | 1 | 1 | 645 | $316 | 0.5 mi |
D 1474 S Camino Real Sold | $265,000 | 1 | 1 | 847 | $313 | 0.6 mi |
E 1364 S Camino Real Sold | $285,000 | 1 | 1 | 883 | $323 | 0.5 mi |
F 1655 E Palm Canyon Drive 319 Active Under Contract | $209,000 List Price | 1 | 1 | 755 | $277 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready, turnkey condition due to significant recent updates. Key improvements include a fully remodeled bathroom, new flooring throughout, fresh paint, and the replacement of major systems including the HVAC and water heater. While the kitchen retains a more traditional feel with white appliances and refreshed cabinetry rather than a full modern overhaul, the overall maintenance and recent capital improvements exceed the 'fair' threshold for a 1974 build.
The property features extensive recent updates including a new HVAC system, water heater, flooring, and a remodeled bathroom, and is sold fully furnished for immediate move-in.
Positioned on the second floor, the unit offers stunning views of Mount San Jacinto from the private balcony, a highly sought-after feature in the Palm Springs market.
Located in the desirable SmokeTree Racquet Club just five minutes from downtown, the community provides premium amenities including tennis and pickleball courts, a pool, and a spa.
Built in 1974, the building may have older infrastructure or common area elements that do not meet the efficiency standards of modern developments.
At 755 square feet, the compact one-bedroom layout may feel restrictive for buyers seeking extra storage space or a dedicated home office area.
Welcome to Unit 318 at Smoke Tree Racquet Club one of Palm Springs' most desirable communities. This second-floor one-bedroom, one-bath condo offers approximately 755 square feet of living space with views of Mount San Jacinto. Recently updated features include new flooring, fresh paint, a new HVAC system, new water heater, and a remodeled bathroom. The kitchen opens to the great room, and the private balcony provides outdoor living space. Being sold with furniture. Community amenities include a pool, spa, tennis and pickleball courts, and landscaped common areas, per HOA. Conveniently located approximately five minutes from downtown Palm Springs.
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 | $229.0K | $485.0K | 4% |
| Price per sq ft | $303 | $347 | 30% |
| Built year | 1974 | 1976 | 48% |
| HOA | $380.0 | $624 | 3% |
| Days on market | 44 | 156 | 3% |
Mar 9, 2026
$229,000
Initial Listing