2222 E Wayne Road, Palm Springs, California 92262, Palm Springs, 92262 - 4 bed, 3 bath
2222 E Wayne Road
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 2222 E Wayne Road, Palm Springs, California 92262 reveals a Prime Investment Opportunity with a current list price of $850,000—significantly undercutting the $897,607 Fair Market Value by 5%. This valuation gap indicates a +$47,607 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2222 E Wayne Road Subject | $850,000* List Price | 4 | 3 | 2,158 | $416 | - |
A 2207 N Viminal Road Sold | $650,000 | 4 | 4 | 1,904 | $341 | 0.4 mi |
B 1843 N Whitewater Club Drive Sold | $665,000 | 3 | 2 | 1,999 | $333 | 0.8 mi |
C 3555 Serenity Trail Sold | $750,000 | 4 | 4 | 2,637 | $284 | 0.9 mi |
D 2665 E Vincentia Road Sold | $850,000 | 4 | 2 | 1,800 | $472 | 0.3 mi |
E 2716 Alexander Club Drive Sold | $960,000 | 4 | 4 | 2,131 | $450 | 0.3 mi |
F 1494 E Gem Circle Sold | $680,000 | 3 | 2 | 1,475 | $461 | 0.5 mi |
G 2900 N Cypress Road Active | $975,000 List Price | 5 | 3 | 2,189 | $445 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2003, this property is well-maintained and move-in ready, fitting the 'good' criteria perfectly. It features several recent cosmetic and functional updates, including fresh interior/exterior paint, updated desert landscaping, and a newly tiled pool and spa. The interior boasts high-quality architectural details like 10-foot ceilings and 8-foot doors. While the kitchen and bathrooms are functional and clean with desirable features like a soaking tub and breakfast bar, they appear to be well-kept original installations rather than a full modern renovation. The addition of a fourth bedroom and premium systems like an air-conditioned garage and solar panels enhance its overall quality.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 2158.
- Modern Architectural Volume
Built in 2003, the home features 10-foot ceilings and 8-foot doors throughout, creating a bright, airy, and contemporary living space that feels significantly more open than older area inventory.
- Private Outdoor Oasis
The fully walled and gated lot offers exceptional privacy, featuring a courtyard-style yard with a newly tiled pool, raised spa, and stunning mountain views perfect for desert entertaining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Recently Sold Property
The property was recently sold within the past year on 2025-05-01. The sold price is $670,000.00.
- Solar Lease Obligation
The buyer must assume a $203/month lease for 34 of the solar panels, which represents a mandatory recurring cost and a potential complication for some financing profiles.
About 2222 E Wayne Road
Welcome to Desert Park Estates and easy Palm Springs living. With 10-foot ceilings, 8-foot doors, and abundant windows throughout, this home feels bright, open, and connected to the outdoors. The gated, fully walled yard offers great privacy, with a courtyard-style setting, newly tiled pool and raised spa, fresh paint, and updated desert landscaping. The great room with fireplace opens right to the backyard, and the kitchen features a breakfast bar and plenty of storage. The primary suite includes a soaking tub, tiled shower, walk-in closet, and its own private patio. Two guest bedrooms plus a newly built fourth bedroom (perfect for an office or den) give you flexible space. With 2.5 baths, a separate laundry room, air-conditioned three-car garage, and solar (14 owned + 34 leased; buyer to assume $203/month lease), this home is comfortable, private, and ready to enjoy.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 10,019 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Vista Del Monte Elementary School
Grades K-5 • 1.1 mi
Katherine Finchy Elementary School
Grades K-5 • 1.5 mi
Raymond Cree Middle School
Grades 6-8 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,158 | 1,964 | 56% |
| Lot Size | 10,019 | 9,583 | 58% |
| Price | $850.0K | $895.0K | 44% |
| Price per sq ft | $394 | $477 | 29% |
| Built year | 2003 | 1989 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 179 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$850,000
Initial Listing
Sold
May 1, 2025
$670,000
Public Record
Sold
Dec 14, 2017
$563,000
Public Record
Sold
Mar 18, 2004
$425,000
Public Record
Sold
Sep 10, 2002
$55,000
Public Record