2809 N Los Felices Circle E 115, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
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Palm Springs, California 92262
This Value-Add Desert Asset is listed at $180,000, positioned above the $153,282 Fair Market Value. Featuring a Condition Rating of 4, the unit requires comprehensive cosmetic updates to its 1982 finishes, offering a clear path for forced appreciation in a high-demand rental corridor. The property is bolstered by resort-style amenities like sparkling pools, tennis courts, and proximity to Katherine Finchy Elementary. Its location near the Aerial Tramway ensures consistent demand. This property represents a calculated entry point for Buy-and-Hold Investors or first-time buyers seeking a customizable desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2809 N Los Felices Circle E 115 Subject | $180,000* List Price | 1 | 1 | 589 | $260 | - |
A 2857 N Los Felices Road 210 Sold | $135,000 | 1 | 1 | 589 | $229 | 0.0 mi |
B 2857 N Los Felices Road 106 Sold | $149,000 | 1 | 1 | 589 | $253 | 0.0 mi |
C 685 N Ashurst Court H 215 Sold | $145,000 | 1 | 1 | 589 | $246 | 0.2 mi |
D 2820 N Arcadia Court B102 Sold | $159,000 | 1 | 1 | 589 | $270 | 0.2 mi |
E 2875 N Los Felices Road 217 Sold | $135,000 | 1 | 1 | 589 | $229 | 0.1 mi |
F 2821 N Los Felices Circle W 114 Sold | $175,000 | 1 | 1 | 589 | $297 | 0.0 mi |
G 510 N Villa 200 Active | $130,000 List Price | 1 | 1 | 589 | $221 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, this condo shows its age with largely original or very dated finishes. The kitchen features dark wood cabinets, white laminate countertops, and older white appliances (coil-top electric range), indicating a need for a full renovation to meet current styles and efficiency standards. The bathroom also presents with an outdated vanity, laminate counter, and globe lighting. Flooring consists of dated ceramic tile and carpet, and the overall aesthetic, including wallpaper and paint colors, is reminiscent of the 80s/90s. While the property appears well-maintained and functional, it requires substantial cosmetic updates to modernize.
Strategically positioned across from the Palm Springs Aerial Tramway and minutes from downtown's vibrant dining, shopping, and entertainment scene.
Offers access to sparkling pools, rejuvenating hot tubs, and well-maintained tennis courts, enhancing the lifestyle appeal.
Ideal for a full-time residence, weekend retreat, or a turnkey rental property, appealing to a broad range of buyers.
With only 589 square feet, the 1-bedroom, 1-bathroom layout may feel restrictive for buyers desiring more expansive living areas.
The $515 monthly association fee is relatively high for a property of this size and price point, impacting overall affordability and ownership costs.
Built in 1982, the condominium is over 40 years old, which may suggest potential for dated systems or finishes if not recently updated.
Welcome to this delightful south-facing one bedroom-one bathroom condo in Palm Springs Villas II, where resort-style amenities meet the easy desert lifestyle. This bright and welcoming home offers a smart layout that feels open and inviting, perfect as a full-time residence, a stylish weekend getaway, or a savvy investment property. Sunlight fills the living space, highlighting a cozy flow that creates an effortless sense of comfort. Outside, beautifully maintained park-like grounds stretch across the community, with expansive greenbelts ideal for picnics, morning walks, or simply soaking in the desert sunshine. Residents can unwind in one of the sparkling pools or rejuvenating hot tubs, or stay active with well-kept tennis courts right on site. Just across the street from the iconic Palm Springs Aerial Tramway and only minutes to vibrant downtown Palm Springs, where world-class dining, shopping, galleries, and entertainment await. Whether you're looking for a peaceful retreat, a low-maintenance primary home, or a turnkey rental opportunity, this charming condo checks all the boxes.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.8 mi
Grades K-5 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 35% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 589 | 1,122.5 | 17% |
| Lot Size | 774 | 500 | 57% |
| Price | $180.0K | $360.0K | 12% |
| Price per sq ft | $306 | $345 | 32% |
| Built year | 1982 | 1981 | 51% |
| HOA | $515.0 | $550 | 42% |
| Days on market | 84 | 182 | 14% |
Jan 29, 2026
$180,000
Initial Listing
Sep 29, 2023
$200,000
Public Record