277 E Alejo Road 206, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
Loading property details...
Palm Springs, California 92262
This Mid-Century Modern Condominium represents a High-Potential Investment Opportunity, listed at $279,000—positioned above the $243,084 Fair Market Value. While priced above current estimates, the property offers a Condition Rating of 3, featuring stylish updates and a rare private patio. The HOA-inclusive utility structure simplifies ownership, while the prime location provides high walkability to downtown Palm Springs. This asset is well-suited for Buy-and-Hold Investors seeking a turnkey vacation rental or Owner-Occupants desiring a low-maintenance desert retreat with access to community pool and fitness amenities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 277 E Alejo Road 206 Subject | $279,000* List Price | 1 | 1 | 663 | $374 | - |
A 222 N Calle El Segundo 524 Sold | $255,000 | 1 | 1 | 653 | $391 | 0.4 mi |
B 353 N Hermosa Drive 7b2 Sold | $196,000 | 1 | 1 | 633 | $310 | 0.7 mi |
C 500 E Amado Road 215 Sold | $290,000 | 1 | 2 | 736 | $394 | 0.3 mi |
D 1100 E Amado Road 15d1 Sold | $213,500 | 1 | 1 | 633 | $337 | 0.6 mi |
E 353 N Hermosa Dr Sold | $200,000 | 1 | 1 | 633 | $316 | 0.7 mi |
F 1150 E Amado Road 8a2 Sold | $208,500 | 1 | 1 | 633 | $329 | 0.6 mi |
G 467 S Calle El Segundo D24 Sold | $275,000 | 1 | 1 | 568 | $484 | 1.0 mi |
H 277 E Alejo Road 225 Active | $199,500 List Price | 0 | 1 | 546 | $365 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1966, the unit has been stylishly updated with modern tile flooring and quartz countertops in the kitchen. The interior appears well-maintained and move-in ready, consistent with a renovation performed within the last 5-15 years. Systems like HVAC are managed by the HOA, and the overall condition is functional and aesthetically pleasing.
The HOA fee covers all electricity usage, including A/C and heat, which is a significant value-add in the Palm Springs climate and simplifies monthly budgeting for owners.
Located in the heart of Palm Springs, the property offers exceptional walkability to downtown shops, restaurants, and entertainment, maximizing its appeal as a vacation rental or urban retreat.
This unit features a rare private patio accessible only to the resident, a unique amenity within the historic Villa Alejo building that enhances the indoor-outdoor living experience.
The monthly HOA fee of $654.07 is relatively high for a one-bedroom unit, which may deter budget-conscious buyers despite the inclusion of utilities.
At 663 square feet, the compact size of the unit may limit its functionality for full-time residents or those requiring more spacious living and storage areas.
Located in the heart of Palm Springs, just steps to shops and restaurants. Sold fully furnished! This 1 bedroom gem has everything you need and is the rare condo in historic Villa Alejo with a private patio accessible only by you! Villa Alejo is classic Mid-Century Modern architecture with distinctive breeze block and great curb appeal! The HOA covers ALL of your electricity usage including A/C and heat, water, sewer, trash, secure garage parking, separate storage unit, all grounds maintenance and on-site gym/fitness center. This unit has been stylishly updated with beautiful tile floors and is tastefully furnished for your comfort and enjoyment with maximum visual appeal. This condo is a great desert retreat, investment property, or a full-time residence.
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 | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 663 | 1,199 |
| Lot Size | - | 1,742 |
| Price | $279.0K | $445.8K |
| Price per sq ft | $421 | $351 |
| Built year | 1966 | 1980 |
| HOA | $654.07 | $587 |
| Days on market | 38 | 67 |
Jun 14, 2026
$279,000
Initial Listing