2117 Sunshine Way, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
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Palm Springs, California 92264
This Hugh Kaptur-Designed Condominium is a Strong Value Opportunity, listed at $350,000—positioned well below the $375,000 Fair Market Value by 6%. This valuation gap provides $25,000 in Instant Equity. Holding a Condition Rating of 3, the home features a renovated kitchen and seamless indoor-outdoor living with mountain views. Residents enjoy resort amenities and direct access to Prescott Preserve trails, supported by a stable land lease through 2076. This is an ideal acquisition for Seasonal Residents or Owner-Occupants seeking a turnkey desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2117 Sunshine Way Subject | $350,000* List Price | 2 | 2 | 1,172 | $320 | - |
A 1775 E Ramon Road 43 Sold | $430,000 | 2 | 2 | 1,199 | $359 | 0.2 mi |
B 3155 E Ramon Road 710 Sold | $330,000 | 2 | 2 | 1,230 | $268 | 0.6 mi |
C 1050 E Ramon 96 Sold | $275,000 | 2 | 2 | 1,152 | $239 | 0.7 mi |
D 2001 E Camino Parocela G42 Sold | $415,000 | 2 | 2 | 1,175 | $353 | 0.1 mi |
E 505 S Farrell Drive A3 Sold | $429,000 | 2 | 2 | 1,175 | $365 | 0.2 mi |
F 3155 E Ramon Road 904 Sold | $440,000 | 2 | 2 | 1,230 | $358 | 0.6 mi |
G 2701 E Mesquite Q69 Active | $389,000 List Price | 2 | 2 | 1,175 | $331 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1980 but features significant updates including a renovated kitchen with shaker cabinets, stone countertops, and stainless steel appliances. The main living area has updated wood-look flooring and a modern fireplace. The property is well-maintained and move-in ready, reflecting a renovation likely within the 5-15 year range.
Designed by renowned architect Hugh Kaptur, this home offers a resort-style lifestyle within a community featuring four pools, tennis courts, and direct access to Prescott Preserve walking trails.
The land lease has been renewed until 2076 with low monthly payments, providing rare long-term stability and making it a more attractive option for financing compared to other leasehold properties in Palm Springs.
The association fee includes high-value items such as cable, internet, roof maintenance, and earthquake insurance, offering significant peace of mind and simplifying monthly utility management.
The $883 monthly HOA fee is substantial and may impact the debt-to-income ratio for some buyers, potentially limiting the pool of qualified applicants despite the extensive inclusions.
Built in 1980, the property may require interior modernization or cosmetic upgrades to the kitchen and built-ins to meet the expectations of buyers seeking a contemporary aesthetic.
Sunshine Villas is mid-century modern architecture in a resort style setting. Designed by renowned architect Hugh Kaptur. This well-maintained community of beautifully landscaped grounds, has 4 pools, 4 spas, tennis and pickleball courts. A small dog park and direct entry to the walking trails of Prescott Preserve. This inviting home has seamless indoor-outdoor living. The living room features a high ceiling, a large window fills the space with natural light. The adjacent dining area offers direct access to the one-car garage. The kitchen provides ample storage, an adjacent pantry, recessed lighting with pendants above the breakfast bar. A slider to the side patio for convenient access to outdoor dining and barbecuing, ideal for entertaining or quiet enjoyment. The primary bedroom, has access to community greenspace and pool. Primary bath with dual sink vanity, patio access. Bedroom two has built in storage shelves for all your mementos. Perfect for full-time residence or seasonal getaway. HOA covers a lot of expenses, including cable, internet, earthquake and roof insurance. State mandated turf removal has been implemented and included in the HOA. Land Lease has been renewed, low monthly land lease until 2076! I look forward to seeing you!
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 2.2 mi
Grades K-12 • 0.1 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 | 1,172 | 1,392 | 26% |
| Lot Size | 4,356 | 871 | 98% |
| Price | $350.0K | $485.0K | 23% |
| Price per sq ft | $299 | $347 | 24% |
| Built year | 1980 | 1976 | 70% |
| HOA | $883.0 | $625 | 83% |
| Days on market | 27 | 156 | 1% |
Apr 6, 2026
$350,000
$375,000
-7% Price Drop
Initial Listing
Mar 26, 2026
$375,000
Initial Listing