222 N Calle El Segundo 529, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
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Palm Springs, California 92262
This Turnkey Short-Term Rental Asset is listed at $285,000, representing a stable market entry closely aligned with its $275,223 Fair Market Value. Boasting a Condition Rating of 3, the interior features new laminate flooring, a renovated bathroom, and is sold fully furnished for immediate operation. The property’s rare 7-night minimum rental policy and proximity to the Spa Resort Casino maximize income potential, while being served by the 7-rated Katherine Finchy Elementary. With resort-style pools, a spa, and a private patio, this is an ideal acquisition for Short-Term Rental Investors or Seasonal Second-Home Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 222 N Calle El Segundo 529 Subject | $285,000* List Price | 1 | 1 | 653 | $421 | - |
A 467 S Calle El Segundo D24 Sold | $275,000 | 1 | 1 | 568 | $484 | 0.7 mi |
B 467 S Calle El Segundo D5 Sold | $224,000 | 1 | 1 | 568 | $394 | 0.7 mi |
C 500 E Amado Road 423 Sold | $335,000 | 1 | 2 | 736 | $455 | 0.1 mi |
D 500 E Amado Road 420 Sold | $292,000 | 1 | 2 | 736 | $397 | 0.1 mi |
E 500 E Amado Road 416 Sold | $330,000 | 1 | 2 | 736 | $448 | 0.1 mi |
F 280 S Avenida Caballeros 271 Sold | $275,000 | 1 | 1 | 610 | $451 | 0.5 mi |
G 222 N Calle El Segundo 524 Active Under Contract | $289,000 List Price | 1 | 1 | 653 | $443 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and sold turnkey, featuring significant recent cosmetic updates including new laminate flooring throughout and a renovated bathroom with a new vanity and decorative tile tub surround. While the building was constructed in 1983, the interior has been well-maintained and updated to modern standards, though it lacks a full-scale recent renovation of all major systems and the kitchen to qualify as excellent.
Situated in the heart of downtown Palm Springs across from the Spa Resort Casino, this property offers exceptional walkability to world-class dining, shopping, and entertainment.
With a 7-night minimum rental policy and being sold turnkey furnished, this unit is perfectly positioned as a high-potential investment property with immediate income-generating capability.
The unit features tasteful updates including new laminate flooring, a renovated bathroom with decorative tile, and the significant convenience of an in-unit stacked washer and dryer.
The association fee of $618 per month is relatively high for a 653-square-foot one-bedroom unit, which may impact the net ROI for investors and monthly affordability for residents.
The property is listed as having no specific view, which can be a competitive disadvantage in the Palm Springs market where mountain or poolside vistas are highly coveted.
This move-in-ready unit at Plaza Villas is being sold turnkey, fully furnished and equipped, whether as a primary residence or a viable short or long-term rental investment. 7-night minimums are allowed. Located in the heart of downtown Palm Springs across from the Spa Resort Casino. The interior features tile flooring in the entry and bathroom, and new laminate flooring throughout, updated bathroom with decorative tile tub/shower surround, and new vanity, stacked washer/dryer inside, and tastefully appointed furnishings and decor. Ample storage and a generous 9' x 12' patio complete the package. The community has two pool/spa areas, a tennis court, secure gated entries, and covered parking, all in a prime downtown location. Don't miss the opportunity to inquire about the generated income for 2023, 2024, and 2025, providing insights into the investment potential of this property.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.3 mi
Grades K-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 35% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 653 | 1,122.5 | 21% |
| Lot Size | 871 | 500 | 59% |
| Price | $285.0K | $360.0K | 33% |
| Price per sq ft | $436 | $347 | 79% |
| Built year | 1983 | 1981 | 61% |
| HOA | $618.0 | $550 | 66% |
| Days on market | 188 | 183 | 55% |
Feb 21, 2026
$285,000
$295,000
-3% Price Drop
Initial Listing
Oct 16, 2025
$295,000
Initial Listing