1655 Tamarisk Road, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 1 bath

1655 Tamarisk Road
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 1655 Tamarisk Road, Palm Springs, California 92262 reveals a Prime Investment Opportunity with a current list price of $679,000—significantly undercutting the $710,088 Fair Market Value by 4%. This valuation gap indicates a +$31,088 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1655 Tamarisk Road Subject | $679,000* List Price | 2 | 1 | 902 | $787 | - |
A 572 N Calle Marcus Active | $875,000 List Price | 3 | 2 | 1,260 | $694 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This mid-century bungalow has been extensively and tastefully renovated within the last 5 years, meeting the criteria for excellent condition despite its 1955 build date. The interior features high-end polished concrete flooring and clerestory windows. The kitchen and bathroom are fully modernized with premium walnut countertops, custom tile work, and stainless steel appliances. Additionally, the outdoor living space, including the pool, spa, and landscaping, has been recently refreshed, showing no signs of deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Ownership
Situated in the highly desirable Movie Colony East neighborhood, this property sits on fee simple land with no HOA fees, offering significant long-term value and ownership flexibility.
- Authentic Mid-Century Aesthetic
The 1955 bungalow preserves iconic architectural details like clerestory windows and polished concrete floors, complemented by tasteful modern updates in the kitchen and bathroom.
- Superior Outdoor Living
A private, gated corner lot features a recently refreshed pool and spa, fire pit, and seamless indoor-outdoor flow with direct backyard access from both bedrooms.
CONSRISKS & DEFICIENCIES
- Limited Square Footage and Bathrooms
With only 902 square feet of living space and a single bathroom, the home's compact scale may limit its appeal to larger families or those seeking a primary suite.
- Significant Price Correction
The current list price is substantially lower than the 2022 sale price of $825,000, which may indicate previous overvaluation or sensitivity to recent market shifts in the area.
About 1655 Tamarisk Road
Located in popular Movie Colony East, this mid-century bungalow is set on a private, gated corner lot just blocks from Ruth Hardy Park. The classic gabled roofline and clerestory windows bring in consistent natural light, reinforcing the home's architectural character.The open floor plan is complimented with polished concrete floors and multiple sliders that create a natural connection to the outdoors. The kitchen and bath have been tastefully modernized with custom tile, walnut countertops, and stainless appliances--clean, simple, and appropriate to the scale of the home.Both bedrooms open directly to the backyard, where a recently refreshed pool and spa anchor a series of defined lounge and dining areas, complemented by updated landscaping and a fire pit feature.This is an easy-to-live-in property in one of Palm Springs' most consistently desirable central neighborhoods. This is not on leased land and not within a HOA.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 5,663 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Katherine Finchy Elementary School
Grades K-5 • 0.7 mi
Raymond Cree Middle School
Grades 6-8 • 0.9 mi
Palm Springs High School
Grades 9-12 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 6% |
| Baths | 1.0 | 3.0 | 1% |
| Square foot | 902 | 1,964 | 0% |
| Lot Size | 5,663 | 9,583 | 15% |
| Price | $679.0K | $895.0K | 22% |
| Price per sq ft | $753 | $478 | 86% |
| Built year | 1955 | 1989 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 179 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$679,000
Initial Listing
Sold
Jul 28, 2022
$825,000
Public Record
Sold
Oct 29, 2015
$415,000
Public Record
Sold
Aug 17, 2015
$258,000
Public Record
Sold
May 15, 2003
$210,000
Public Record
Sold
May 14, 1999
$104,000
Public Record




























