
Palm Springs, California 92264
This Value-Add Desert Condominium is listed at $425,000, representing a stable asset relative to its $379,416 Fair Market Value and prime location. The property’s rare Fee Land Ownership provides a significant financial advantage, while the 3-bedroom corner layout maximizes living space. Currently holding a Condition Rating of 4, the interior remains in mostly original condition, offering a clear path for forced appreciation through cosmetic updates. Boasting Mountain and Golf Course Views and proximity to Palm Springs High School, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2601 S Broadmoor Drive 66 Subject | $425,000* List Price | 3 | 2 | 1,417 | $268 | - |
A 2601 S Broadmoor Drive 74 Sold | $355,000 | 2 | 2 | 1,178 | $301 | 0.0 mi |
B 2601 S Broadmoor Drive 61 Sold | $400,000 | 3 | 2 | 1,417 | $282 | 0.0 mi |
C 2601 S Broadmoor Drive 63 Sold | $352,000 | 2 | 3 | 1,178 | $299 | 0.0 mi |
D 1613 Paseo De La Palma Sold | $499,750 | 2 | 2 | 1,318 | $379 | 1.0 mi |
E 6032 Montecito Drive 5 Sold | $369,000 | 4 | 3 | 1,551 | $238 | 0.8 mi |
F 2601 S Broadmoor Drive 44 Pending | $330,000 List Price | 2 | 2 | 1,178 | $280 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, this property appears to be in mostly original condition, aligning with the 'fair' criteria for homes 25-40 years old without major renovations. The kitchen features dated white laminate cabinetry with black pull edges, older white and black appliances, and a fluorescent light box. The bathrooms show original features such as gold-trimmed shower doors and dated vanities. While the unit is clean and functional, the carpet shows some wear and the overall aesthetic—including vertical blinds and fixtures—is outdated and would require modernization to meet current market standards.
Unlike many properties in Palm Springs that are on leased land, this condo is situated on Fee Land, offering the owner full land ownership and typically easier financing options.
Located in the desirable Tahquitz Creek Golf neighborhood, the property is within walking distance to major retailers like Trader Joe's, Target, and Vons, providing exceptional convenience.
This 1,417 sq ft corner unit features an open floor plan with three bedrooms, including a versatile space that can serve as a den or office, and offers scenic mountain and golf course views.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1200, other record lot size in square feet = 1841. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The unit is located on the second floor and requires staircase access, which may be a drawback for buyers with mobility issues or those seeking a ground-level residence.
Built in 1985, the property may require cosmetic updates or modernization of systems and appliances to meet the expectations of buyers looking for contemporary luxury finishes.
This 3-bedroom, 2-bath corner condo offers 1,417 sq ft in the desirable Tahquitz Creek Golf neighborhood in south Palm Springs. Located on the second floor with its own staircase, this light-filled unit has an open floor plan. Gorgeous views, from the Primary bedroom with balcony, spacious guest bedrooms with one having the option of being a den, office or media room. The spacious kitchen provides plenty of counter and cabinet space as well as a convenient breakfast bar. The unit also includes a full-sized washer and dryer. The Summerset Springs community features two pools and spas, one which is easy access close yet away from any pool noise. This beautiful, well-maintained, gated community with friendly neighbors is located on fee land a short distance from Vons, Trader Joe's, Target, and Starbucks. You cant beat this location! Call for a showing today!
No exterior & parking available.
Grades K-5 • 2.8 mi
Grades 6-8 • 4.3 mi
Grades K-12 • 2.2 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 | 1,417 | 1,404 | 51% |
| Lot Size | 1,200 | 871 | 54% |
| Price | $425.0K | $485.0K | 37% |
| Price per sq ft | $300 | $347 | 25% |
| Built year | 1985 | 1976 | 85% |
| HOA | $450.0 | $624 | 6% |
| Days on market | 24 | 156 | 1% |
Mar 29, 2026
$425,000
Initial Listing