
Palm Springs, California 92264
This Turnkey Resort Condominium is a Strong Value Opportunity, listed at $340,000—positioned well below the $361,501 Fair Market Value by 5%. This valuation gap provides $21,501 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the residence is offered fully furnished with mountain views and rare daily rental flexibility within the Oasis Resort. Residents benefit from eight swimming pools, nine spas, and proximity to Palm Springs High School. This versatile asset is perfectly suited for Short-Term Rental Investors or Seasonal Owner-Occupants seeking a move-in-ready desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2345 S Cherokee Way 137 Subject | $340,000* List Price | 2 | 3 | 1,225 | $278 | - |
A 2345 S Cherokee 109 Sold | $270,000 | 2 | 2 | 1,225 | $220 | 0.1 mi |
B 2345 S Cherokee Way 118 Sold | $275,000 | 2 | 2 | 1,252 | $220 | 0.1 mi |
C 2601 S Broadmoor Drive 74 Sold | $355,000 | 2 | 2 | 1,178 | $301 | 0.7 mi |
D 2345 S Cherokee Way 105 Sold | $409,000 | 3 | 2 | 1,374 | $298 | 0.1 mi |
E 2601 S Broadmoor Drive 63 Sold | $352,000 | 2 | 3 | 1,178 | $299 | 0.7 mi |
F 2701 E Mesquite Avenue A4 Sold | $419,000 | 2 | 2 | 1,175 | $357 | 1.0 mi |
G 2345 Cherokee Way 148 Active | $329,950 List Price | 2 | 3 | 1,225 | $269 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1986, the property has undergone significant renovations likely within the last 5-15 years. The kitchen features updated stainless steel appliances and modern cabinetry, and the bathrooms have been refreshed with contemporary tile work. The unit is well-maintained, turnkey, and move-in ready.
As one of the rare communities in Palm Springs allowing daily rentals, this property offers significant investment potential and versatility for owners seeking rental income.
The residence is sold fully furnished and equipped, including linens and kitchenware, allowing for an immediate move-in or seamless transition into the rental market.
The community features an impressive array of amenities, including eight swimming pools, nine spas, and courts for tennis, pickleball, and bocce ball, enhancing the vacation lifestyle.
The monthly HOA fee of $847 is substantial and may impact the net ROI for investors or the monthly budget for primary residents.
Built in 1986, the property may require future updates to its systems or aesthetic finishes to remain competitive with newer or more modernly renovated units in the area.
TURNKEY PALM SPRINGS RETREAT WITH DAILY RENTAL FLEXIBILITY IN OASIS RESORT. Welcome to Oasis Resortone of the few communities in Palm Springs where owners can rent their property by the day, week, or month. With optional on-site management available, this home offers a rare opportunity to enjoy a personal Palm Springs getaway while also generating rental income. Whether used as a vacation home or full-time residence, the flexibility of Oasis Resort makes ownership uniquely versatile. FULLY FURNISHED AND READY TO ENJOY. This beautifully maintained residence is offered fully turnkeyincluding furnishings, linens, kitchenware, and household essentialsallowing you to arrive and begin enjoying Palm Springs immediately. Wake up on your first morning in your new home and make a cup of coffee without unpacking a single box. The well-equipped kitchen, in-unit laundry, and garage parking provide everyday convenience whether you're staying for the weekend, the season, or welcoming guests. INDOOR-OUTDOOR DESERT LIVING. The bright interior features vaulted ceilings and generous natural light throughout. Sliding glass doors open to a spacious north-facing terrace overlooking lush resort landscaping with mountain views beyondan ideal setting for outdoor dining, relaxing in the shade, or entertaining friends and guests. The expansive covered terrace extends the living space outdoors and captures beautiful desert scenery framed by palms and surrounding mountains. ELEVATED FRONT PORCH VIEWS. At the front of the home, an elevated porch captures beautiful views of the Araby Hills and surrounding desert landscape. This welcoming space is perfect for morning coffee, reading, or creating a peaceful contemplation or meditation nook while enjoying the quiet atmosphere of the community. IDEAL HOSTING FLOOR PLAN. The thoughtfully designed layout features two spacious bedroom suites, each with its own bathroom, providing excellent privacy for guests or a comfortable roommate configuration. Vaulted ceilings enhance the sense of space in both bedrooms, and the primary suite enjoys direct patio access for seamless indoor-outdoor living. RESORT-STYLE AMENITIES. Oasis Resort offers beautifully landscaped grounds and an exceptional collection of amenities including eight swimming pools, nine spa hot tubs, tennis courts, pickleball courts, bocce ball courts, and walking paths throughout the community. The clubhouse features a fitness room, lounge areas, and a poolside outdoor kitchen and grillperfect for gathering with friends and neighbors. PRIME SOUTH PALM SPRINGS LOCATION. Conveniently located near Smoke Tree Shopping Center, Smoke Tree Commons, and Canyon Plaza Shopping Center, the home is also close to many of Palm Springs' most beloved lifestyle destinations. Enjoy easy access to the Backstreet and Prez Art Districts, hiking trails, golf courses, restaurants, and the vibrant culture that defines Palm Springs living. INVESTOR OPPORTUNITY. One of the few Palm Springs communities allowing daily vacation rentals.
No exterior & parking available.
Grades K-5 • 2.1 mi
Grades 6-8 • 3.7 mi
Grades K-12 • 1.6 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 | 1,385.5 | 36% |
| Lot Size | - | 816.5 | 46% |
| Price | $340.0K | $488.5K | 22% |
| Price per sq ft | $278 | $358 | 20% |
| Built year | 1986 | 1977 | 88% |
| HOA | $847.0 | $620 | 78% |
| Days on market | 76 | 151 | 10% |
Mar 23, 2026
$340,000
Initial Listing