261 E La Verne K, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 2 bath
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Palm Springs, California 92264
This Turnkey Condominium represents a Strong Value Opportunity, listed at $372,000—positioned well below the $404,132 Fair Market Value by 7%. This valuation gap provides $32,132 in Instant Equity. Featuring a Mint Condition Rating with a remodeled kitchen and luxury vinyl flooring, the home offers panoramic San Jacinto Mountain views and resort-style amenities. Located in a Fee Simple community near top-rated Palm Springs schools, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready, high-value lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 261 E La Verne K Subject | $372,000* List Price | 1 | 2 | 1,345 | $300 | - |
A 2180 S Palm Canyon Drive 30 Sold | $375,000 | 2 | 2 | 1,170 | $321 | 0.0 mi |
B 1150 E Palm Canyon 30 Sold | $430,000 | 2 | 2 | 1,240 | $347 | 0.9 mi |
C 2230 S Palm Canyon Drive 9 Sold | $309,500 | 2 | 2 | 1,152 | $269 | 0.1 mi |
D 1470 S Camino Real Sold | $320,000 | 2 | 2 | 1,163 | $275 | 0.8 mi |
E 1900 S Palm Canyon Drive 74 Sold | $350,000 | 3 | 2 | 1,472 | $238 | 0.3 mi |
F 2077 S Caliente Drive Sold | $425,000 | 2 | 2 | 1,325 | $321 | 0.6 mi |
G 1550 S Camino Real 221 Sold | $285,000 | 2 | 2 | 889 | $321 | 0.8 mi |
H 1500 S Camino Real 306a Sold | $270,000 | 2 | 2 | 889 | $304 | 0.7 mi |
I 261 E La Verne Way N Active Under Contract | $474,900 List Price | 2 | 2 | 1,345 | $353 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1976, the property has undergone a comprehensive recent renovation (likely <5 years) including a fully remodeled kitchen with quartz countertops and modern cabinetry, updated bathrooms, and new luxury vinyl plank flooring throughout, meeting the criteria for mint, move-in ready condition.
Unlike many Palm Springs properties situated on leased land, this unit is on Fee Simple land, meaning you own the land outright, which significantly enhances long-term value and simplifies the financing process.
The residence features extensive contemporary updates including luxury vinyl plank flooring, a remodeled kitchen with quartz countertops, and updated bathrooms, offering a sophisticated, move-in-ready experience.
Located in a desirable South Palm Springs community designed by William F. Cody, the unit offers stunning San Jacinto Mountain vistas and tranquil pool views from a private, rear-building position.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1742, other record lot size in square feet = 1500.
At $721 per month, the association dues are relatively high for a one-bedroom property, which may impact the debt-to-income ratio and overall affordability for some buyers.
As a VA foreclosure sold strictly in 'As-Is' condition, the property carries the inherent risks of a distressed sale and may require a more rigorous inspection and repair budget.
Welcome to Casa Canyon, an intimate William F. Cody-designed community situated on highly desirable Fee Simple land—YOU OWN THE LAND! NO LAND LEASE! This beautifully updated second-floor condominium enjoys one of the community's most desirable rear locations, offering privacy, tranquil pool views, and spectacular San Jacinto Mountain vistas. Move-in ready and in excellent condition, this spacious residence has been thoughtfully upgraded throughout with luxury vinyl plank flooring, a remodeled kitchen featuring quartz countertops, modern cabinetry, stylish backsplash, updated bathrooms, and contemporary finishes. The spacious primary suite overlooks the sparkling community pool, creating a peaceful retreat with beautiful mountain views. Casa Canyon offers resort-style amenities including three swimming pools, three spas, a library, meeting room, elevators, and meticulously manicured grounds. Your deeded covered and shaded carport is conveniently located near the building, with the choice of elevator or stair access to your second-floor home. The HOA dues are $721 per month and include gas, water, sewer, trash, exterior building maintenance, roof maintenance, and beautifully maintained common areas, providing exceptional value and low-maintenance living. Ideally located near Indian Canyons Hiking Trails, Indian Canyons Golf Resort, Smoke Tree Village, and just five minutes from vibrant downtown Palm Springs, you'll enjoy easy access to world-class dining, shopping, entertainment, and outdoor recreation. This VA foreclosure presents an outstanding opportunity to own a beautifully updated home in one of South Palm Springs' most sought-after communities. Property is being sold As-Is.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 3.6 mi
Grades K-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,345 | 1,199 |
| Lot Size | 1,742 | 1,742 |
| Price | $372.0K | $445.8K |
| Price per sq ft | $277 | $351 |
| Built year | 1976 | 1980 |
| HOA | $721.0 | $587 |
| Days on market | 11 | 67 |
Jul 11, 2026
$372,000
Initial Listing