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 Prime Downtown Resort Condominium is listed at $395,000, representing a stable acquisition aligned with its $395,000 Fair Market Value. Maintaining a Condition Rating of 3, the residence features a modernized kitchen with stainless appliances and mountain views from a private balcony. The property’s rare 7-day minimum rental policy and central location near the Agua Caliente Casino drive significant short-term income potential. Located within the Palm Springs Unified District near Katherine Finchy Elementary, this turnkey asset is ideal for Vacation Rental Investors or Seasonal Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 222 N Calle El Segundo 557 Subject | $395,000* List Price | 2 | 2 | 1,139 | $347 | - |
A 222 N Calle El Segundo 576 Sold | $375,000 | 2 | 2 | 1,139 | $329 | 0.0 mi |
B 280 S Avenida Caballeros 223 Sold | $300,000 | 2 | 2 | 1,082 | $277 | 0.4 mi |
C 280 S Avenida Caballeros 116 Sold | $339,000 | 2 | 2 | 996 | $340 | 0.4 mi |
D 1115 E Alejo Road Sold | $475,000 | 2 | 2 | 1,221 | $389 | 0.5 mi |
E 222 N Calle El Segundo 543 Sold | $375,000 | 2 | 2 | 944 | $397 | 0.1 mi |
F 1456 Tiffany Circle N Sold | $430,000 | 2 | 2 | 1,251 | $344 | 0.7 mi |
G 222 N Calle El Segundo 565 Pending | $375,000 List Price | 2 | 2 | 1,147 | $327 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant recent updates. The kitchen has been fully modernized with stainless steel Samsung and Frigidaire appliances, white shaker-style cabinetry, and a contemporary subway tile backsplash. The interior features fresh paint and updated flooring (wood-look laminate and clean grey carpeting). While some elements like the bathroom vanities and balcony fixtures reflect the 1983 original construction, the primary living spaces have been well-maintained and renovated to meet current aesthetic standards.
The rare 7-day minimum rental policy in a highly regulated market like Palm Springs makes this property a premier choice for short-term rental income generation.
Situated in the heart of Palm Springs, the property offers unparalleled walkability to the Agua Caliente Casino, the Convention Center, and vibrant downtown entertainment.
The monthly association fee provides significant value by covering essential utilities including water, trash, cable, and internet, alongside resort-style amenities.
With over 450 days on the market, the property may carry a 'stale' listing perception, potentially requiring aggressive pricing or marketing shifts to attract buyers.
Built in 1983, the unit and community facilities may soon require capital improvements or modernizations to compete with newer luxury 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 | 1,130 | 51% |
| Lot Size | 871 | 500 | 59% |
| Price | $395.0K | $361.0K | 54% |
| Price per sq ft | $347 | $346 | 50% |
| Built year | 1983 | 1981 | 61% |
| HOA | $590.0 | $550 | 61% |
| Days on market | 467 | 183 | 99% |
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