2518 S Sierra Madre, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
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Palm Springs, California 92264
This Mid-Century Modern Condominium is a Strong Value Opportunity, listed at $559,000—positioned above the $539,897 Fair Market Value. While priced slightly above market, the property offers significant long-term stability through its Historic District (Mills Act) status and Fee Land ownership. Featuring a Condition Rating of 3, the unit includes modern upgrades like new porcelain tile and a solar-ready electrical panel. With access to a heated saltwater pool, spa, and mountain views, this residence is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2518 S Sierra Madre Subject | $559,000* List Price | 2 | 2 | 1,379 | $392 | - |
A 2084 S Lagarto Way Sold | $599,000 | 2 | 2 | 1,364 | $439 | 0.6 mi |
B 2089 S Calle Palo Fierro Sold | $619,000 | 2 | 2 | 1,364 | $454 | 0.6 mi |
C 2210 S Calle Palo Fierro 36 Sold | $590,000 | 2 | 2 | 1,200 | $492 | 0.5 mi |
D 255 E Avenida Granada 211 Sold | $595,000 | 2 | 2 | 1,517 | $392 | 0.1 mi |
E 2600 S Palm Canyon Drive 10 Sold | $485,000 | 3 | 3 | 1,590 | $305 | 0.1 mi |
F 255 E Avenida Granada 915 Sold | $550,000 | 2 | 2 | 1,517 | $363 | 0.1 mi |
G 2077 S Caliente Drive Sold | $425,000 | 2 | 2 | 1,325 | $321 | 0.8 mi |
H 415 E Avenida Granada Active | $500,000 List Price | 2 | 2 | 1,379 | $363 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1966, the property is well-maintained and move-in ready with significant recent updates including new porcelain tile flooring throughout and a newly installed, inspected electrical panel. Interior photos show updated bathroom tiling and a modern fireplace, placing it in the 5-15 year renovation category.
The property is situated on fee land (no land lease) and has been approved for Mills Act status, providing the owner with significant potential property tax savings.
Located in the historic Villa Roma complex in desirable South Palm Springs, this mid-century modern home offers stunning mountain views and immediate access to premier hiking trails.
The residence features brand-new porcelain tile flooring throughout and is solar-ready with a newly installed, inspected electrical panel, combining vintage charm with modern utility.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =0, other record lot size in square feet = 1306.
The local public schools, including the elementary and middle schools, have relatively low performance ratings (4/10), which may impact appeal for families with children.
Despite recent interior updates, the 1966 construction may involve aging common-area infrastructure or original plumbing systems typical of mid-century condominium complexes.
For Sale | 2518 S. Sierra Madre, Palm Springs | Two Bedroom, Two BathLocated in the iconic Villa Roma community, this two bedroom, two bath residence with new porcelain tile floor throughout the unit, offers classic mid-century modern living in highly desirable South Palm Springs. Villa Roma is one of Palm Springs' most recognized architectural condo complexes.Enjoy flexible rental potential with the ability to do 30-day short-term rentals up to 12 times per year. This condo is solar-ready with a newly installed electric p panel that has already passed inspection an added bonus for energy efficiency.Nestled near the San Jacinto Mountains and close to premier hiking trails, the community showcases stunning mountain views, beautifully landscaped Romanesque grounds, and a substantial heated saltwater pool and spa--the heart of Villa Roma living. The complex sits on fee land (no land lease) and was approved in Spring 2023 for Historic District (Mills Act) status, offering potential tax benefits.HOA dues include professional management, water, sewer, trash, common area and exterior maintenance (including roof and exterior pest control), plus Spectrum WiFi and cable. Additional highlights include an assigned adjacent carport parking space and onsite guest parking.Enjoy the best of South Palm Springs--surrounded by iconic architecture, renowned golf courses, scenic hiking trails, and breathtaking desert mountain vistas--from the timeless elegance of Villa Roma.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades 6-8 • 4.1 mi
Grades K-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,379 | 1,199 |
| Lot Size | 0.03 | 1,742 |
| Price | $559.0K | $445.8K |
| Price per sq ft | $405 | $351 |
| Built year | 1966 | 1980 |
| HOA | $599.0 | $587 |
| Days on market | 29 | 67 |
Jun 23, 2026
$559,000
Initial Listing
Jun 11, 2009
$165,000
Public Record
May 27, 2004
$265,000
Public Record
Sep 8, 2000
$145,000
Public Record
Mar 12, 1996
$84,000
Public Record