2345 S Cherokee Way 100, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 3 bath
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Palm Springs, California 92264
This fully renovated residence at The Oasis Resort is a Strong Value Opportunity, listed at $395,000—positioned well below the $427,075 Fair Market Value by 7%. This valuation gap offers $32,075 in Instant Equity. Featuring a $100,000 high-end renovation, including a quartzite kitchen and EV-ready electrical, the property maintains an Excellent Condition Rating. With its turnkey status and resort-style amenities like a pool and spa, this is an ideal asset 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 |
|---|---|---|---|---|---|---|
★ 2345 S Cherokee Way 100 Subject | $395,000* List Price | 2 | 3 | 1,225 | $349 | - |
A 2345 S Cherokee Way 105 Sold | $409,000 | 3 | 2 | 1,374 | $298 | 0.0 mi |
B 2701 E Mesquite Avenue A4 Sold | $419,000 | 2 | 2 | 1,175 | $357 | 0.9 mi |
C 2480 S Linden Way F Sold | $425,000 | 2 | 2 | 1,180 | $360 | 0.5 mi |
D 2601 S Broadmoor Drive 63 Sold | $352,000 | 2 | 3 | 1,178 | $299 | 0.9 mi |
E 2345 S Cherokee Way 102 Active | $395,000 List Price | 2 | 3 | 1,225 | $322 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive renovation within the last 5 years with over $100,000 in upgrades. Key improvements include a fully remodeled kitchen with quartzite countertops and high-end appliances, updated bathrooms with new plumbing, and major system upgrades to the HVAC and electrical (including EV charging).
With over $100,000 in recent upgrades, including a quartzite kitchen and spa-like bathrooms, this turnkey property offers a modern aesthetic that eliminates immediate capital expenditure for the buyer.
The property is short-term rental ready with a desirable 2-bedroom, 2.5-bathroom layout and EV charging capability, making it a high-performing asset for investors seeking immediate income.
Beyond cosmetics, the inclusion of a new HVAC system, soundproofing, and dual-pane windows ensures superior energy efficiency and comfort while reducing long-term maintenance costs.
The monthly HOA fee of $987.38 is substantial, which may impact the overall debt-to-income ratio for buyers and reduce net cash flow for investment-focused owners.
The assigned public schools carry modest ratings between 4 and 6, which might be a consideration for primary residents with school-aged children despite the property's resort-style appeal.
Fully Renovated 2 Bedroom 2.5 Bath Residence at The Oasis Resort. Luxury Income-Producing Opportunity. An exceptional opportunity to own a fully upgraded 2-bedroom, 2.5-bath residence in the highly sought-after Oasis Resort. Ideal as a primary residence, seasonal retreat, or high-performing short-term rental. This property has undergone an extensive renovation with over $100,000 in upgrades, creating a modern, design-forward interior that stands out in today's competitive Palm Springs market. The remodeled kitchen features custom cabinetry, quartzite stone countertops, a cast iron sink, and high-end appliances, delivering both functionality and strong visual appeal for guests and buyers alike. Each bedroom offers ensuite-style privacy, complemented by a convenient half bath for guests. Bathrooms have been fully updated with new plumbing, contemporary fixtures, and elevated finishes, creating a clean, spa-like aesthetic throughout. No detail has been overlooked: new flooring, upgraded HVAC system, soundproofing, dual-pane windows with new coverings, updated interior doors, recessed lighting, ceiling fans, and upgraded electrical including EV charging capability. From an investment perspective, this is a true turnkey asset: STR-ready with no renovation downtime. Premium finishes that support higher nightly rates and occupancy. Reduced maintenance exposure due to major system upgrades. Highly desirable 2 bed / 2.5 bath layout for rental flexibility and guest privacy. Located within Oasis Resort, a consistently in-demand destination for Palm Springs visitors, this property is well-positioned to capture strong seasonal and year-round rental demand. Whether you're looking to generate income, offset ownership costs, or secure a low-maintenance desert retreat, this residence delivers a compelling combination of style, performance, and long-term value.
No exterior & parking available.
Grades K-5 • 1.9 mi
Grades 6-8 • 3.7 mi
Grades K-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 80% |
| Square foot | 1,225 | 1,380 | 36% |
| Lot Size | - | 871 | 46% |
| Price | $395.0K | $495.0K | 30% |
| Price per sq ft | $322 | $359 | 37% |
| Built year | 1986 | 1977 | 88% |
| HOA | $987.38 | $620 | 90% |
| Days on market | 22 | 151 | 1% |
May 15, 2026
$395,000
Initial Listing