220 Enterprise Way, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 3 bath
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Palm Springs, California 92262
This Modern Privacy-Focused Condominium is a Prime Investment Opportunity, listed at $519,000—positioned well below the $538,600 Fair Market Value by 3%. This valuation gap provides $19,600 in Instant Equity for a property in Good Condition. Featuring a unique layout with no adjoining living walls, Fee Land ownership, and stunning San Jacinto Mountain views, the home offers a turnkey resort lifestyle near downtown. It is an ideal acquisition for lifestyle-oriented buyers or seasonal residents seeking a high-quality desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 220 Enterprise Way Subject | $519,000* List Price | 2 | 3 | 1,339 | $402 | - |
A 240 Enterprise Way 93 Sold | $569,000 | 2 | 3 | 1,387 | $410 | 0.0 mi |
B 3586 Sunburst Boulevard Sold | $525,000 | 2 | 2 | 1,129 | $465 | 0.1 mi |
C 130 W Racquet Club Road 511 Sold | $540,000 | 2 | 2 | 1,310 | $412 | 0.5 mi |
D 2023 N Via Miraleste 1017 Sold | $440,000 | 2 | 2 | 1,183 | $372 | 1.0 mi |
E 360 Cabrillo Rd 227 Sold | $575,000 | 2 | 2 | 1,296 | $444 | 0.6 mi |
F 3551 Melody Active | $545,000 List Price | 2 | 3 | 1,306 | $417 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, this property falls within the 10-20 year age range for a 'good' condition score. The home is move-in ready with a modern open-concept layout, featuring well-maintained grey cabinetry, granite countertops, and stainless steel appliances in the kitchen. The flooring appears to be updated wood-look laminate or LVP, and the bathrooms are clean and functional. Recent servicing of the AC and pool, along with a 2023 inspection report, confirms that major systems are well-maintained and within their expected lifespan.
This unique Model D floor plan features no adjoining living-space walls on either side, providing a rare level of quiet and privacy for a condominium setting.
The property is situated on Fee Land, meaning you own the land outright, which avoids the complications and costs associated with land leases common in Palm Springs.
Offered almost entirely furnished with a recent 2023 inspection report and serviced AC, this home is move-in ready and ideal for immediate use or investment.
The assigned middle and high schools carry average to below-average ratings (4-6 range), which may be a drawback for families prioritizing education.
With 43 days on market and a recent $20,000 price reduction, the property has experienced some initial resistance at its original list price.
This beautifully maintained Model D floor plan offers modern design and an open-concept layout, nestled in the heart of the highly sought-after Palermo community just 5 minutes from Downtown Palm Springs. This particular unit does not share any adjoining living-space walls on either side, providing an added sense of privacy along with a quieter, more peaceful environment. Enjoy spacious living and dining areas that create an inviting space for both everyday living and entertaining, while the primary suite boasts a private balcony positioned to capture stunning sundeck views of the San Jacinto Mountains. Offered almost entirely furnished (an exclusion list is provided), this home is move-in ready and ideal as a full-time residence, seasonal retreat, or investment opportunity. Residents of Palermo enjoy gated security, a stylish clubhouse with a lounge and billiards table, a fitness center, and two sparkling pools and spas. Low HOA dues cover water, trash, roof, and exterior maintenance. Situated on Fee Land (you own the land), this property offers the perfect blend of resort-style amenities, mountain views, and prime Palm Springs living. A full inspection report was completed in February 2023, and the AC and pool have been serviced since, which provides added peace of mind.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 86% |
| Square foot | 1,339 | 1,130 | 74% |
| Lot Size | 1,128 | 500 | 68% |
| Price | $519.0K | $361.0K | 74% |
| Price per sq ft | $388 | $347 | 63% |
| Built year | 2007 | 1981 | 91% |
| HOA | $590.0 | $550 | 61% |
| Days on market | 50 | 182 | 2% |
Apr 2, 2026
$519,000
$539,000
-4% Price Drop
Initial Listing
Mar 4, 2026
$539,000
Initial Listing
Oct 11, 2019
$335,000
Public Record
Nov 22, 2016
$265,000
Public Record