1655 E Palm Canyon Drive 616, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
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Palm Springs, California 92264
This Turnkey Resort Condominium is a Prime Investment Opportunity, listed at $223,800—positioned well below the $229,707 Fair Market Value by 2%. This valuation gap provides $5,907 in Instant Equity. Boasting a Condition Rating of 3, the residence features a renovated kitchen with stone countertops, a newer HVAC system, and mountain and pool views. Designed by architect Hugh Kaptur, the community offers premier amenities near Cahuilla Elementary and Palm Springs High. This polished desert retreat 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 616 Subject | $218,500* List Price | 1 | 1 | 755 | $296 | - |
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 | 0.5 mi |
C 1655 E Palm Canyon Drive 306 Sold | $250,000 | 1 | 1 | 755 | $331 | 0.0 mi |
D 1490 S Camino Real 308 Sold | $249,000 | 2 | 2 | 906 | $275 | 0.5 mi |
E 1474 S Camino Real Sold | $265,000 | 1 | 1 | 847 | $313 | 0.6 mi |
F 1655 E Palm Canyon Drive 312 Active | $225,000 List Price | 1 | 1 | 755 | $298 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1974, the property is well-maintained and move-in ready with key updates including a newer HVAC system, stone countertops, and refreshed cabinetry. The interior features newer laminate flooring and upgraded bathroom surfaces, placing it in the 'Good' category as a functional, renovated unit.
Situated directly across from Smoke Tree Village and minutes from downtown, the property offers exceptional convenience to shopping, dining, and the Palm Springs International Airport.
This furnished unit is move-in ready with significant upgrades, including a newer HVAC system, stone countertops, and custom built-ins, making it an ideal secondary residence or investment.
Designed by renowned architect Hugh Kaptur, the community features premier facilities including one of the city's largest pools, lighted tennis and pickleball courts, and a dedicated dog park.
At 755 square feet with only one bedroom, the floor plan may be restrictive for buyers requiring a home office or space for guests.
Built in 1974, the property may face long-term maintenance requirements or aesthetic limitations common with older condominium developments.
Presenting a sought-after setting overlooking the gorgeous resort pool and park area at Palm Springs' Smoke Tree Racquet Club, this furnished turnkey condo is ideal as a weekend getaway or year-round home in paradise. Featuring one bedroom and one bath in a generously sized floorplan of approximately 755 square feet, the open design enhances entertaining with seamless living and dining rooms that lead to a spacious view balcony. Open to the dining room, the kitchen hosts newer stone countertops, white cabinetry, and an on-trend sink with designer faucet. Enjoy mountain views in the bedroom, where custom built-ins expand storage opportunities. A newer HVAC system ensures year-round comfort, and carpet and laminate flooring, custom wall treatments and an upgraded bathroom countertop are on display. Designed by Palm Springs' award-winning architect Hugh Kaptur, Smoke Tree Racquet Club is centered around one of the largest pools in the city. Enjoy a spa, beautiful central park, lighted tennis and pickleball courts, a dog park and scenic landscaping. Smoke Tree Village is right across the street and features shops, restaurants, Ace Hardware and Ralphs Fresh Fare Supermarket. Downtown Palm Springs and Palm Springs International Airport are moments away, and hiking, walking and biking trails are nearby.
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 | 13% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 755 | 1,385.5 | 8% |
| Lot Size | - | 816.5 | 46% |
| Price | $218.5K | $488.5K | 3% |
| Price per sq ft | $289 | $358 | 24% |
| Built year | 1974 | 1977 | 48% |
| HOA | $380.0 | $620 | 2% |
| Days on market | 44 | 151 | 2% |
May 11, 2026
$218,500
$223,800
-2% Price Drop
Initial Listing
Apr 24, 2026
$223,800
Initial Listing