2825 N Los Felices #205 205, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
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Palm Springs, California 92262
This Move-In Ready Condo represents a Strong Value Opportunity, listed at $169,900—positioned well below the $181,747 Fair Market Value by 6%. This valuation gap provides $11,847 in Instant Equity. Featuring a Condition Rating of 2, the unit boasts a modernized kitchen and contemporary finishes. Residents enjoy resort-style amenities, including pools, spas, and tennis courts. With its Fee Simple ownership and proximity to top-rated schools like Katherine Finchy Elementary, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking desert living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2825 N Los Felices #205 205 Subject | $169,900* List Price | 1 | 1 | 589 | $309 | - |
A 2825 N Los Felices Road 114 Sold | $197,500 | 1 | 1 | 589 | $335 | 0.0 mi |
B 2825 N Los Felices Road 211 Sold | $195,000 | 1 | 1 | 589 | $331 | 0.0 mi |
C 2857 N Los Felices Road 115 Sold | $214,500 | 1 | 1 | 589 | $364 | 0.1 mi |
D 470 N Villa Court 208 Sold | $180,500 | 1 | 1 | 589 | $306 | 0.2 mi |
E 2820 N Arcadia Court 116 Sold | $180,000 | 1 | 1 | 589 | $306 | 0.2 mi |
F 470 N Villa Court 107 Sold | $158,000 | 1 | 1 | 589 | $268 | 0.2 mi |
G 420 N Villa Court 202 Sold | $190,000 | 1 | 1 | 589 | $323 | 0.3 mi |
H 2821 N Los Felices Circle 107 Sold | $178,750 | 1 | 1 | 589 | $303 | 0.1 mi |
I 2825 N Los Felices Road 115 Active | $195,000 List Price | 1 | 1 | 589 | $331 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1981, the property has undergone a comprehensive recent renovation featuring contemporary flooring, recessed lighting, and a modernized kitchen with stainless-steel appliances and sleek countertops, meeting the criteria for a high-quality, move-in-ready interior.
A significant advantage in the Palm Springs market, this property is Fee Simple (land owned), avoiding the complexities and costs associated with Indian Lease Land.
The condo is move-in ready, featuring contemporary flooring, recessed lighting, and a remodeled kitchen with sleek countertops and stainless-steel appliances.
Located in Palm Springs Villas I, the property offers excellent community features including multiple pools, spas, tennis courts, and covered parking.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =436, other record lot size in square feet = 623.
The $550 monthly association fee is relatively high compared to the $169,900 asking price, which may impact the monthly carrying costs for budget-conscious buyers.
With only 589 square feet of living space, the unit is quite compact, which may limit its appeal for full-time residency or those requiring extra storage.
Amazing opportunity in beautiful Palm Springs!! This updated Fee Simple (you own it fully), 1-bedroom, 1-bathroom upper-level condo in the Palm Springs Villa I. This condo community offers comfort, convenience, and mountain-view charm in a resort-style setting! Inside, you’ll find a bright open layout with upgraded finishes throughout, including contemporary flooring, recessed lighting, and an updated kitchen with sleek countertops and stainless-steel appliances. The living room opens to a balcony-perfect for your morning coffee or evening glass of wine while enjoying the desert breeze. The bedroom provides a relaxing retreat with newer flooring, window coverings and mirrored closet doors. Palm Springs Villas I offers multiple pools and spas, tennis courts, lush greenbelts, and covered parking—all just minutes from downtown Palm Springs, shopping, dining, and world-class golf and hiking. Whether you’re seeking a full-time home, weekend getaway, or investment property, this move-in-ready condo captures the best of desert living.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.7 mi
Grades K-5 • 3.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 589 | 1,199 |
| Lot Size | 436 | 1,742 |
| Price | $169.9K | $445.8K |
| Price per sq ft | $288 | $351 |
| Built year | 1981 | 1980 |
| HOA | $550.0 | $587 |
| Days on market | 30 | 67 |
Jun 22, 2026
$169,900
Initial Listing