2518 S Sierra Madre, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
2518 S Sierra Madre
Palm Springs, California 92264
Property Price
SUMMARY
Analysis of 2518 S Sierra Madre, Palm Springs, California 92264 is currently available with a list price of $619,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This mid-century modern residence has been extensively renovated within the last few years, featuring brand-new porcelain tile flooring throughout and a fully modernized kitchen with high-end stainless steel appliances, contemporary cabinetry, and stone countertops. The bathrooms have been completely updated with walk-in showers and modern vanities. Significant infrastructure upgrades include a newly installed, inspected electrical panel and solar-ready capabilities, ensuring the property meets current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Financial and Tax Benefits
The property is located on fee land (no land lease) and has been approved for Mills Act status, providing significant potential property tax savings for the owner.
- Modern Infrastructure Upgrades
The unit features brand-new porcelain tile flooring throughout and a solar-ready, newly installed electric panel that has already passed inspection, enhancing energy efficiency.
- Comprehensive HOA and Amenities
HOA dues cover essential utilities including water, trash, and sewer, as well as Spectrum WiFi, cable, and maintenance of the iconic Romanesque grounds and saltwater pool.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Aging Complex Infrastructure
Built in 1966, the mid-century complex may require higher long-term maintenance for aging common area components compared to newer developments.
- Modest School Ratings
The local elementary and middle schools are rated 4/10, which may be a consideration for buyers prioritizing high-performing school districts.
About 2518 S Sierra Madre
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1966
- Lot Size
- 0.03 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $569.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 1.6 mi
Raymond Cree Middle School
Grades 6-8 • 4.1 mi
Desert Learning Academy
Grades K-12 • 2.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,379 | 1,325 | 53% |
| Lot Size | 0.03 | 1,148 | 38% |
| Price | $619.0K | $450.0K | 73% |
| Price per sq ft | $449 | $330 | 81% |
| Built year | 1966 | 1977 | 10% |
| HOA | $569.0 | $624 | 40% |
| Days on market | 76 | 163 | 16% |
Pricing History
Listed for Sale
Mar 1, 2026
$619,000
$639,000
-3% Price Drop
Initial Listing
Price Change
Jan 20, 2026
$639,000
$677,700
-6% Price Drop
Initial Listing
Price Change
Dec 21, 2025
$677,700
Initial Listing
Sold
Jun 11, 2009
$165,000
Public Record
Sold
May 27, 2004
$265,000
Public Record
Sold
Sep 8, 2000
$145,000
Public Record
Sold
Mar 12, 1996
$84,000
Public Record