
Palm Springs, California 92262
This Turnkey Mid-Century Condominium is a Strong Value Opportunity, listed at $389,000—positioned slightly above the $386,992 Fair Market Value. Featuring a Mint Condition Rating, this residence offers a high-end renovation with polished concrete floors, a modern open kitchen, and a private patio with mountain views. The HOA provides exceptional value by covering all utilities, including electricity and HVAC. Located one block from downtown, this property is an ideal lifestyle choice for Owner-Occupants or second-home buyers seeking a sophisticated, low-maintenance desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 277 E Alejo Road 101 Subject | $389,000* List Price | 2 | 2 | 1,131 | $342 | - |
A 280 S Avenida Caballeros 209 Sold | $315,000 | 2 | 2 | 1,128 | $279 | 0.8 mi |
B 605 E Amado Road 610 Sold | $405,000 | 2 | 2 | 1,147 | $353 | 0.3 mi |
C 255 S Avenida Caballeros 302 Sold | $290,000 | 2 | 2 | 1,046 | $277 | 0.8 mi |
D 1115 E Alejo Road Sold | $475,000 | 2 | 2 | 1,221 | $389 | 0.6 mi |
E 255 S Avenida Caballeros 306 Sold | $302,000 | 2 | 2 | 1,046 | $289 | 0.8 mi |
F 277 E Alejo Road 124 Active | $412,000 List Price | 2 | 2 | 1,131 | $364 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive high-end renovation within the last 5 years, featuring a modern open kitchen with stainless steel appliances, updated bathrooms with designer tile and contemporary fixtures, and polished concrete floors. All major systems are functional with the HOA covering HVAC and electric, and the unit is in mint, move-in-ready condition.
Situated just one block from the heart of downtown Palm Springs, this property offers unparalleled walkability to premier dining, boutique shopping, the casino, and the famous Palm Springs Street Fair.
The HOA fee provides exceptional value by covering all major utilities—including electricity, A/C, heating, water, and trash—along with earthquake insurance, simplifying monthly budgeting for the owner.
Designed by architect Donald Engen, this residence features historic Hollywood character paired with modern upgrades like polished concrete floors, a built-in sound system, and a large private patio with mountain views.
At $1,129.60 per month, the association dues are significantly high relative to the list price, which may impact financing qualification and overall carrying costs for some buyers.
While the building is being revitalized, active major community improvements may result in temporary construction noise, dust, or restricted access to certain common areas during the transition.
Welcome to the newly reincarnated Villa Alejo condos, an iconic mid-century gem designed by architect Donald Engen and ideally located in the heart of downtown Palm Springs. Originally a glamorous hotel that hosted Hollywood's elite in the 1960s, this beautifully updated first-floor 2 bedroom, 2 bathroom residence blends historic character with modern comfort. Just one block from downtown Palm Springs, you can walk to Lola Rose, Bar Issi, Tac/Quila, boutique shopping, coffee shops, the casino, and the famous Palm Springs Street Fair. Inside, the home features two en-suite bedrooms, generous living space, polished concrete floors, a built-in sound system, recessed lighting throughout, custom closet built-ins, and a full-size stacked laundry in the kitchen. The split-bedroom layout offers privacy, and the front bedroom includes a convenient work-from-home office nook. The open kitchen flows seamlessly into the living area and out to a large private patio, perfect for relaxing or entertaining. Enjoy mountain views from the living room, bedroom, and patio. Villa Alejo showcases classic Mid-Century Modern architecture with distinctive breeze block, timeless curb appeal, and a newly painted exterior that brings the building into a fresh, modern-day mid-century aesthetic. Major community improvements are underway, and the seller has already paid the full 2025 Building Assessment, giving buyers the benefit of a building that is finally getting the love it deserves and rising again as one of Palm Springs' most iconic addresses. The HOA covers all ELECTRICITY, including A/C and HEATING, WATER, TRASH, SEWER, PARKING, EARTHQUAKE INSURANCE and all ground maintenance, making this an incredible value. Whether you are looking for a desert getaway, investment property, or full-time residence, this is an exceptional opportunity in one of downtown Palm Springs' most desirable locations. Furniture and furnishings are also available.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 1.1 mi
Grades K-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,131 | 1,199 |
| Lot Size | - | 1,742 |
| Price | $389.0K | $445.8K |
| Price per sq ft | $344 | $351 |
| Built year | 1966 | 1980 |
| HOA | $1129.6 | $587 |
| Days on market | 34 | 67 |
Jun 18, 2026
$389,000
Initial Listing