2256 N Sunshine, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 2 bath
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Palm Springs, California 92264
This Condominium represents a High-Potential Investment Opportunity, listed at a List Price of $390,000, which aligns with the $390,000 Fair Market Value. While the property requires updates given its Condition Rating of 4, it offers a functional layout with an attached 1-car garage and unobstructed mountain views. The community provides resort-style amenities, including 4 pools and tennis courts. Given the land lease and HOA structure, this asset is best suited for Buy-and-Hold Investors or first-time buyers seeking a value-oriented entry into the Palm Springs market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2256 N Sunshine Subject | $390,000* List Price | 3 | 2 | 1,342 | $291 | - |
A 2251 N Sunshine Circle Sold | $420,000 | 3 | 2 | 1,342 | $313 | 0.0 mi |
B 1111 E Ramon Road 78 Sold | $488,000 | 2 | 2 | 1,313 | $372 | 0.8 mi |
C 1719 Capri Circle Sold | $375,000 | 3 | 2 | 1,427 | $263 | 1.0 mi |
D 1111 E Ramon Road 98 Sold | $480,000 | 3 | 2 | 1,313 | $366 | 0.8 mi |
E 2001 E Camino Parocela G42 Sold | $415,000 | 2 | 2 | 1,175 | $353 | 0.3 mi |
F 2001 E Camino Parocela L84 Sold | $345,000 | 2 | 2 | 1,175 | $294 | 0.4 mi |
G 3155 E Ramon Road 311 Active | $365,000 List Price | 3 | 2 | 1,339 | $273 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980 (46 years old) with no mention of recent major renovations to the kitchen, baths, or HVAC systems. While described as charming and functional, the property exceeds the 20-year threshold and is likely dated, requiring cosmetic updates and system inspections.
The Sunshine Villa community offers a resort-style lifestyle with gated access, four pools, spas, and tennis courts, complemented by an HOA that covers major expenses like earthquake insurance and roof maintenance.
The property boasts unobstructed greenery and mountain views, providing a serene atmosphere with the added benefit of direct access to miles of walking trails right from the community.
At 1,342 square feet, this three-bedroom unit features an open-concept living area with a fireplace and the rare convenience of an attached one-car garage, offering significant utility for the price point.
The combined monthly cost of the $883 HOA fee and the $189 land lease exceeds $1,000 before mortgage payments, which may limit the pool of qualified buyers and impact overall affordability.
With 100 days on market and three consecutive price reductions, the property has faced challenges in securing a buyer, suggesting potential concerns regarding the land lease terms or initial overpricing.
Discover this charming 3 bedrooms, 2 bath condo located in the heart of Palm Springs!!! Open concept with fireplace in living room, shutters throughout on most of the windows, double sinks in primary bathroom, spacious size bedrooms, 1 car garage attached. Unobstructed views of greenery provide a serene and private setting. You have easy access to a variety of local shops, restaurants, and attractions as well as direct access to miles of walking trails. This beautiful community features include gated access, 4 pools, spas & tennis courts. The HOA includes earthquake insurance, full roof coverage, trash, cable & water. This condo is a comfortable lifestyle in a dynamic location. Land lease is good to 2076 monthly is $189.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades 6-8 • 2.2 mi
Grades K-12 • 0.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 71% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,342 | 1,385.5 | 48% |
| Lot Size | 1,742 | 871 | 69% |
| Price | $390.0K | $488.5K | 30% |
| Price per sq ft | $291 | $358 | 24% |
| Built year | 1980 | 1977 | 67% |
| HOA | $883.0 | $620 | 81% |
| Days on market | 117 | 151 | 28% |
Apr 2, 2026
$390,000
$399,000
-2% Price Drop
Initial Listing
Mar 26, 2026
$399,000
$409,900
-3% Price Drop
Initial Listing
Mar 18, 2026
$409,900
$419,000
-2% Price Drop
Initial Listing
Feb 10, 2026
$419,000
Initial Listing