
Palm Springs, California 92264
This Renovated Luxury Condominium is a Strong Value Opportunity, listed at $499,000—positioned well below the $534,723 Fair Market Value by 6%. This valuation gap offers $35,723 in Instant Equity for a residence boasting a Mint Condition Rating. The expansive 1,850 sq. ft. layout features no shared walls, a remodeled kitchen, and 400 sq. ft. of covered balconies with stunning mountain views. Located within the Palm Springs Unified district near Palm Springs High, it is a premier choice for Lifestyle-oriented Buyers or Seasonal Residents.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1660 S La Reina Way 1a Subject | $499,000* List Price | 2 | 2 | 1,850 | $289 | - |
A 1630 S La Reina Way 1c Sold | $524,000 | 2 | 2 | 1,850 | $283 | 0.0 mi |
B 529 Desert Lakes Circle Sold | $512,000 | 2 | 2 | 1,778 | $288 | 0.7 mi |
C 1719 Capri Circle Sold | $375,000 | 3 | 2 | 1,427 | $263 | 0.4 mi |
D 1484 Versailles Drive Sold | $484,000 | 2 | 2 | 1,491 | $325 | 0.2 mi |
E 2077 S Caliente Drive Sold | $425,000 | 2 | 2 | 1,325 | $321 | 0.9 mi |
F 489 Desert Lakes Drive Sold | $439,000 | 1 | 2 | 1,596 | $275 | 0.8 mi |
G 2424 E Palm Canyon Drive 2d Active | $450,000 List Price | 2 | 2 | 1,850 | $243 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive high-end renovation within the last 5 years, featuring a modern kitchen with newer cabinets and appliances, updated bathrooms, and contemporary flooring throughout. Despite the 1972 build date, the interior is in mint, move-in ready condition.
This rare end-unit features no shared walls with neighbors and a spacious 1,850 sq. ft. floor plan, offering a level of quiet and privacy seldom found in condominium living.
The property is move-in ready with high-end updates, including a remodeled kitchen with newer appliances, a custom California walk-in closet, and a versatile second bedroom with a Murphy bed.
Approximately 400 sq. ft. of covered balconies with floor-to-ceiling sliding glass doors provide seamless indoor-outdoor flow and stunning views of the mountains and greenbelt.
The association fee of $1,080 per month is relatively high, which may impact the debt-to-income ratio for financed buyers and increase overall carrying costs.
As a land lease property, it may face a smaller pool of potential buyers compared to fee simple properties, despite the favorable lease extension to 2089.
Welcome to the Diplomat! Located in desirable South Palm Springs. Enjoy this 2-bedroom, 2 bath condo that has been updated to perfection. Upon entering through the double doors, you'll find yourself in a grand foyer that sets the stage for this spacious first floor unit, both elegant and comfortable. The primary suite features a custom California walk-in closet and a luxurious bathroom with an oversized shower. The second bedroom has built-in cabinetry including a desk and a Murphy bed which provides flexibility for guests or a perfect home office. The kitchen adds to the beauty of the home with newer cabinets, appliances and new glass tile backsplash. The living room, dining room and both bedrooms open onto large covered balconies through floor to ceiling sliding glass doors and provide beautiful views of mountains, greenbelt and community pool. The outside space is perfect for dining, entertaining and expands the living space by approximately 400 sq ft. An additional standout feature is the privacy, as there are no shared walls with neighboring units. The building offers underground parking with an assigned space and an elevator conveniently close to the unit. The HOA includes Spectrum cable TV, Wi-Fi internet, water and trash, providing a low-maintenance carefree lifestyle or a perfect full time residence. The Diplomat is conveniently located across the street from Smoke Tree Village providing access to markets, shops, pharmacy and restaurants all within minutes. Move-in ready, renovated and beautifully designed, this Palm Springs home offers desert living at it's finest. Land lease was recently extended to 2089.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 3.1 mi
Grades K-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,850 | 1,405 | 75% |
| Lot Size | - | 871 | 44% |
| Price | $499.0K | $495.0K | 50% |
| Price per sq ft | $270 | $349 | 14% |
| Built year | 1972 | 1975 | 31% |
| HOA | $1080.0 | $625 | 91% |
| Days on market | 10 | 155 | 1% |
Apr 14, 2026
$499,000
Initial Listing