
Palm Springs, California 92262
This Iconic Mid-Century Modern Condo is listed at $390,000, offering a stable and fair acquisition at its $390,000 Fair Market Value. Boasting a Condition Rating of 2, the interior features a high-quality renovation including a Granite Kitchen, Remodeled Bathrooms, and Luxury Vinyl Flooring. A standout financial advantage is the $22,990 Building Assessment already paid by the seller, providing immediate peace of mind. With San Jacinto Mountain Views and proximity to Katherine Finchy Elementary, this turnkey residence is a premier choice for Owner-Occupants or Seasonal Residents seeking a sophisticated, maintenance-free lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 277 E Alejo Road 119 Subject | $390,000* List Price | 2 | 2 | 1,131 | $345 | - |
A 277 E Alejo Road 102 Sold | $385,000 | 2 | 2 | 1,131 | $340 | 0.0 mi |
B 1115 E Alejo Road Sold | $475,000 | 2 | 2 | 1,221 | $389 | 0.6 mi |
C 204 Camino Norte Sold | $400,000 | 2 | 2 | 1,208 | $331 | 0.9 mi |
D 415 N Hermosa Drive Sold | $400,000 | 2 | 2 | 1,194 | $335 | 0.7 mi |
E 277 E Alejo Road 101 Active | $389,000 List Price | 2 | 2 | 1,131 | $344 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although the building was constructed in 1966, this specific unit has undergone an extensive and high-quality renovation within the last 5 years. It features a modern kitchen with granite countertops and full backsplash, fully remodeled bathrooms, luxury vinyl plank flooring, and updated electrical features like recessed lighting and an electric fireplace. The property is in move-in-ready condition with no deferred maintenance, meeting the criteria for a recently renovated excellent-rated home.
Situated in the heart of Palm Springs, this property offers exceptional walkability to Palm Canyon Drive’s premier dining, boutique shopping, and entertainment venues.
The seller has fully paid the $22,990 building assessment and reduced the price by nearly $30,000, offering immediate equity and financial peace of mind to the buyer.
The HOA fee uniquely covers all electricity, air conditioning, and heating, providing predictable monthly costs and significant value in a desert climate.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1307, other record lot size in square feet = 1524.
The $1,068 monthly HOA fee is relatively high, which may impact financing qualification and overall affordability for some prospective buyers.
With a 'massive community update' currently underway, residents may experience temporary noise, dust, and potential disruption to common area access during the construction period.
Massive Community Update happening now, and the Seller Paid the Full #119, 2025 Building Assessment of $22,990 as well as reduced the Reduced Price nearly $30,000_ Welcome to Villa Alejo, an iconic mid-century gem designed by architect Donald Engen, located in the heart of downtown Palm Springs. Once a glamorous hotel that hosted Hollywood's elite in the 1960s, this beautifully updated 2 bedroom, 2 bathroom first-floor unit combines historic charm with modern convenience. Just seconds from downtown's top restaurants, boutique shopping, coffee shops, the casino, and the renowned Palm Springs Street Fair, this home offers an unbeatable location. Inside, the space has been thoughtfully upgraded with a modern kitchen featuring granite countertops with full backsplash and plenty of pantry storage, recessed lighting, crown molding, a dry bar with mini beverage fridge, and a stylish wood accent wall with electric fireplace and mounted tv in the living room. Luxury vinyl plank wood and tile flooring enhance the home's elegance, while a stackable washer/dryer and remodeled bathrooms add convenience. A stunning San Jacinto Mountain view from the kitchen and primary bedroom windows create the perfect scenic backdrop. Beyond the iconic staggered pipe brise-soleil (breeze block) breezeways that define Villa Alejo's distinctive architecture, this sought-after and stylish condo community offers resort-style amenities, including a heated in-ground pool and spa, a private gym and sauna, a community barbecue area, and a welcoming mid-century modern lobby with many of the original details. Additional perks include one assigned underground parking space, an extra storage unit, and guest parking. The HOA covers all ELECTRICITY (including A/C and heating!), WATER, TRASH, SEWER, PARKING, EARTHQUAKE INSURANCE, and ALL GROUNDS MAINTENANCE, making this an incredible value. With its prime location just steps from Palm Canyon Drive's lively attractions, world-class entertainment, and endless outdoor recreation, this move-in-ready home is a rare opportunity to experience the best of Palm Springs living.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 1.1 mi
Grades K-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,131 | 1,130 | 50% |
| Lot Size | 1,307 | 500 | 69% |
| Price | $390.0K | $361.0K | 54% |
| Price per sq ft | $345 | $345 | 50% |
| Built year | 1966 | 1981 | 7% |
| HOA | $1068.0 | $550 | 98% |
| Days on market | 106 | 182 | 24% |
Jan 6, 2026
$390,000
Initial Listing