222 N Calle El Segundo 557, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Condominium represents a Strong Value Opportunity, listed at $385,000, which aligns with its $385,000 Fair Market Value. Featuring a Condition Rating of 3, the unit offers a recently renovated kitchen and updated flooring, ensuring a move-in ready experience. The property provides significant utility through its 7-day minimum rental policy and resort-style amenities, including pools and tennis courts. With its prime downtown location and stunning mountain views, this asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 222 N Calle El Segundo 557 Subject | $375,000* List Price | 2 | 2 | 1,139 | $329 | - |
A 222 N Calle El Segundo 576 Sold | $375,000 | 2 | 2 | 1,139 | $329 | 0.0 mi |
B 605 E Amado Road 610 Sold | $405,000 | 2 | 2 | 1,147 | $353 | 0.1 mi |
C 280 S Avenida Caballeros 223 Sold | $300,000 | 2 | 2 | 1,082 | $277 | 0.4 mi |
D 255 S Avenida Caballeros 306 Sold | $302,000 | 2 | 2 | 1,046 | $289 | 0.4 mi |
E 1115 E Alejo Road Sold | $475,000 | 2 | 2 | 1,221 | $389 | 0.5 mi |
F 222 N Calle El Segundo 543 Sold | $375,000 | 2 | 2 | 944 | $397 | 0.1 mi |
G 222 N Calle El Segundo 502 Active | $385,000 List Price | 2 | 2 | 1,150 | $335 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property features a recently renovated kitchen (likely <5 years) with modern white shaker cabinets, quartz countertops, subway tile backsplash, and stainless steel appliances. While the bathrooms retain some dated oak-style cabinetry, the unit has updated wood-look flooring and fresh paint throughout. Given the 1983 build date, the significant interior updates make it move-in ready and well-maintained.
Situated in the heart of Palm Springs between the Agua Caliente Casino and the Convention Center, this property offers exceptional walkability and access to the city's vibrant entertainment district.
The community's 7-day minimum rental policy makes this an ideal income-generating asset in a market where short-term rental opportunities are highly regulated and sought after.
The association fee covers essential utilities including water, trash, cable, and internet, while providing access to resort-style facilities like pools, spas, and tennis courts.
With nearly 500 days on the market and multiple price fluctuations, the property may face challenges with buyer perception regarding its market value or condition.
Built in 1983, the unit and community may require modernization or face higher long-term maintenance needs compared to newer residential developments in the area.
Experience your own desert retreat at Plaza Villas, a highly sought-after community nestled between the Agua Caliente Casino and the Convention Center in the heart of vibrant downtown Palm Springs. This prime location offers the perfect balance of convenience and investment potential, with a 7+ day minimum for short-term rentals, making it an exceptional income-generating opportunity. Whether you're looking for a personal getaway or a profitable property, this 2-bedroom, 2-bathroom condo is the ideal choice. Inside, you'll find a spacious open floor plan featuring a large living and dining area, along with a fully equipped kitchen. Additional perks include a full-size indoor laundry and a balcony with stunning mountain views. The well-maintained, security-gated community boasts lush landscaping with fragrant citrus trees, two sparkling pools, spas, and tennis courts—all set against breathtaking mountain vistas. HOA fees cover landscaping, water, trash, cable, and internet, providing ease and peace of mind. Assigned covered parking and guest parking are conveniently available on-site. Plaza Villas offers both tranquility and easy access to all the excitement that Palm Springs has to offer. Don't miss this rare opportunity to own a piece of paradise in downtown Palm Springs!
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 1.4 mi
Grades K-12 • 1.3 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 | 1,139 | 1,139 | 50% |
| Lot Size | 871 | 436 | 58% |
| Price | $375.0K | $362.0K | 51% |
| Price per sq ft | $329 | $345 | 41% |
| Built year | 1983 | 1981 | 61% |
| HOA | $590.0 | $550 | 62% |
| Days on market | 513 | 163 | 99% |
May 24, 2026
$375,000
$385,000
-3% Price Drop
Initial Listing
May 16, 2026
$385,000
$395,000
-3% Price Drop
Initial Listing
Apr 14, 2026
$395,000
$379,900
+4% Price Increase
Initial Listing
Dec 25, 2025
$379,900
Initial Listing
Jan 10, 2025
$410,000
Initial Listing