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

1655 Tamarisk Road, Palm Springs, California 92262 home-pic-0

1655 Tamarisk Road

Palm Springs, California 92262

ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
902Sq Ft
5,663Lot Size

Property Price

LIST PRICE$679,000
EST. MARKET VALUE
$710,088
4% BelowMARKET VALUE

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

$710,088 +$31,088 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Palm Springs.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1655 Tamarisk Road
Subject
$679,000*
List Price
21902$787-
A
572 N Calle Marcus
Active
$875,000
List Price
321,260$6940.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

7/10

Raymond Cree Middle School

Grades 6-8 • 0.9 mi

4/10

Palm Springs High School

Grades 9-12 • 1.2 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
6%
Baths1.03.0
1%
Square foot9021,964
0%
Lot Size5,6639,583
15%
Price$679.0K$895.0K
22%
Price per sq ft$753$478
86%
Built year19551989
9%
HOA$0$0
50%
Days on market8179
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

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