1683 Tam O Shanter Plaza, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 2 bath
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Palm Springs, California 92264
This Turnkey Condominium presents a Strong Value Opportunity, listed at $265,000—positioned well below the $289,327 Fair Market Value by 8%. This valuation gap offers $24,327 in Instant Equity. With a Condition Rating of 2, the property features over $60,000 in recent upgrades, including new HVAC and electrical systems. Residents enjoy resort-style amenities, including eight pools and tennis courts. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready, low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1683 Tam O Shanter Plaza Subject | $265,000* List Price | 1 | 2 | 951 | $304 | - |
A 1553 Spyglass Sold | $310,000 | 1 | 2 | 951 | $326 | 0.2 mi |
B 5301 E Waverly Drive 172 Sold | $275,000 | 2 | 2 | 979 | $281 | 0.9 mi |
C 2700 Lawrence Crossley Road 41 Sold | $300,000 | 2 | 2 | 885 | $339 | 0.8 mi |
D 5175 E Waverly Drive F47 Sold | $240,000 | 1 | 2 | 887 | $271 | 0.9 mi |
E 5301 E Waverly Drive 222 Sold | $270,000 | 2 | 2 | 979 | $276 | 0.9 mi |
F 5125 E Waverly Drive B5 Sold | $280,000 | 1 | 2 | 901 | $311 | 1.0 mi |
G 47 Portola Drive Sold | $340,000 | 2 | 2 | 1,125 | $302 | 0.4 mi |
H 5300 E Waverly Drive K4 Sold | $255,000 | 1 | 2 | 705 | $362 | 0.8 mi |
I 5301 E Waverly Drive 178 Active | $269,000 List Price | 1 | 2 | 887 | $303 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1977, the property has undergone over $60,000 in recent renovations, placing it in the <5-year renovation category. Key systems including the HVAC, electrical panel, and hot water heater are new. The interior features a fully modernized bathroom with a walk-in pebble-floor shower, updated kitchen appliances, new windows, and contemporary flooring throughout, making it completely move-in ready with no deferred maintenance.
With over $60,000 in recent capital improvements including a new HVAC system, double-paned windows, and updated appliances, this property offers a turnkey, move-in-ready experience that minimizes immediate maintenance costs.
Located in the premier Fairways gated community, the property provides access to eight swimming pools, tennis and pickleball courts, and is situated on 42 acres of lush grounds near the Tahquitz Creek Golf Course.
The rare floor plan features a primary suite plus a guest half-bath, maximizing functionality for entertaining, while the interior offers breathtaking mountain and greenbelt views.
The monthly HOA fee of $675 is relatively high for a one-bedroom unit, which may impact the debt-to-income ratio for some buyers or reduce the net cash flow for investors.
As a one-bedroom condominium built in 1977, the property targets a specific niche of buyers, potentially limiting the pool of interested parties compared to multi-bedroom units in the same price bracket.
Over $60,000 in recent updates including HVAC, double paned windows and sliders, kitchen appliances, in-house washer/dryer, hot water heater and electrical box to name a few. This is truly move-in ready with 951 square feet of thoughtfully designed living space. This rare floor plan features a primary suite plus a convenient half-bath for guests, making it perfect for entertaining. The layout feels bright and airy, with breathtaking views--providing a serene backdrop to your daily life. Located in a premier gated community, you aren't just buying a home; you're gaining access to a private resort.Water Lovers: Choose from 8 sparkling swimming pools and spas scattered throughout the lush grounds.Athletes: Sharpen your game on the professional-grade tennis and pickleball courts. Golfers: You are just moments away from Tahquitz Creek Golf Course, perfect for early morning tee times. The Fairways spans 42 acres and 186 units in South Palm Springs, minutes from all conveniences (Trader Joe's, Target, Starbucks, Home Depot), the airport and downtown.
No exterior & parking available.
Grades K-5 • 1.7 mi
Grades K-5 • 3.3 mi
Grades 6-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 951 | 1,199 |
| Lot Size | 927 | 1,742 |
| Price | $265.0K | $445.8K |
| Price per sq ft | $279 | $351 |
| Built year | 1977 | 1980 |
| HOA | $675.0 | $587 |
| Days on market | 27 | 67 |
Jun 25, 2026
$265,000
Initial Listing