277 E Alejo Road 225, Palm Springs, California 92262, Palm Springs, 92262 - 0 bed, 1 bath
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Palm Springs, California 92262
This Mid-Century Condominium is a Strong Value Opportunity, listed at $210,000—positioned well above the $191,196 Fair Market Value by -9%. Featuring a Condition Rating of 3, this turnkey unit offers a full kitchen and stunning mountain views in the historic Villa Alejo. With all-inclusive HOA utilities and a prime downtown location, it provides a low-maintenance lifestyle. This property is an ideal acquisition for Buy-and-Hold Investors seeking rental demand or Owner-Occupants desiring a desert pied-à-terre.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 277 E Alejo Road 225 Subject | $199,500* List Price | 0 | 1 | 546 | $338 | - |
A 1100 E Amado Road 15d1 Sold | $213,500 | 1 | 1 | 633 | $337 | 0.6 mi |
B 353 N Hermosa Drive 7b2 Sold | $196,000 | 1 | 1 | 633 | $310 | 0.7 mi |
C 353 N Hermosa Dr Sold | $200,000 | 1 | 1 | 633 | $316 | 0.7 mi |
D 1150 E Amado Road 8a2 Sold | $208,500 | 1 | 1 | 633 | $329 | 0.6 mi |
E 470 S Calle Encilia B11 Pending | $235,000 List Price | 1 | 1 | 568 | $414 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building was constructed in 1966, the unit is well-maintained and move-in ready. The kitchen has been updated with white shaker cabinets and stainless steel appliances, and the bathroom features a modern vanity. The interior appears to have been renovated within the last 5-15 years, making it functional and turnkey for a seasonal rental or primary residence.
Situated in the heart of Palm Springs, this property offers unbeatable walkability to Palm Canyon Drive, premier dining, and local attractions like VillageFest.
The monthly HOA dues cover all essential utilities including electricity, AC, water, and trash, providing significant value and simplified monthly budgeting for the owner.
This Donald Engen-designed studio comes fully furnished with stunning mountain views, offering a move-in ready experience perfect for a seasonal pied-à-terre or rental.
At 546 square feet with no separate bedroom, the living space may feel restrictive for buyers seeking more square footage or long-term privacy.
The complex limits pets to a maximum weight of 25 lbs, which may exclude potential buyers who own larger dogs.
Iconic Mid-Century Studio in Downtown Palm Springs! Fully furnished, quiet corner unit in the historic, Donald Engen-designed Villa Alejo (1966). Perfect as a primary residence, lucrative seasonal rental, or your own desert pied-a-terre . Features stunning mountain views, full kitchen, exceptional storage, and a beautifully appointed space and furnishings. HOA DUES COVER ALL UTILITIES: AC, electricity, water, landscaping, sewer and trash...you just order Internet/Cable! Resort-style amenities include secure entry, 1 gated garage parking space, elevators, a massive pool, hot tub, community laundry, and a gym. Unbeatable location with premier access to Palm Canyon, Indian Canyon, Arenas, Koffi, Plaza Theater, VillageFest every Thursday, and more. Pet-friendly complex welcoming cats and dogs up to 25 lbs. Turnkey and ready for its next owner.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 1.2 mi
Grades K-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 546 | 1,199 |
| Lot Size | - | 1,742 |
| Price | $199.5K | $445.8K |
| Price per sq ft | $365 | $351 |
| Built year | 1966 | 1980 |
| HOA | $578.25 | $587 |
| Days on market | 33 | 67 |
Jul 10, 2026
$199,500
$210,000
-5% Price Drop
Initial Listing
Jun 19, 2026
$210,000
Initial Listing