2825 N Los Felices Road 115, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
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Palm Springs, California 92262
This Turnkey Condominium represents a Strong Value Opportunity, listed at $199,000—positioned slightly above the $195,950 Fair Market Value. Featuring a Mint Condition Rating, this unit offers a fully remodeled interior with Quartz Countertops, Stainless Steel Appliances, and Laminate Flooring. Residents enjoy a resort-style lifestyle with 5 Pools and Spas, Tennis Courts, and a Private Patio overlooking a lush greenbelt. With Short-Term Rental Eligibility and Fee Simple Land ownership, this property is an ideal acquisition for Buy-and-Hold Investors or second-home buyers seeking a desert retreat.
Turnkey 1BR Palm Springs condo in Palm Springs Villas I. Features modern kitchen, private patio, pool access, and short-term rental allowed. Fee simple land.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2825 N Los Felices Road 115 Subject | $199,000* List Price | 1 | 1 | 589 | $333 | - |
A 2825 N Los Felices Road 211 Sold | $195,000 | 1 | 1 | 589 | $331 | 0.0 mi |
B 2825 N Los Felices Road 114 Sold | $197,500 | 1 | 1 | 589 | $335 | 0.0 mi |
C 420 N Villa Court 202 Sold | $190,000 | 1 | 1 | 589 | $323 | 0.3 mi |
D 2857 N Los Felices Road 210 Sold | $225,000 | 1 | 1 | 589 | $382 | 0.1 mi |
E 2821 N Los Felices Circle 107 Sold | $178,750 | 1 | 1 | 589 | $303 | 0.1 mi |
F 2857 N Los Felices Road 203 Sold | $225,000 | 1 | 1 | 589 | $382 | 0.1 mi |
G 420 N Villa Court Active | $185,000 List Price | 1 | 1 | 589 | $314 | 0.3 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 modern renovation within the last 5 years. The interior features a fully updated kitchen with quartz countertops and stainless steel appliances, new laminate flooring, recessed lighting, and a remodeled bathroom, resulting in a mint-condition, move-in-ready home.
The unit features a stylishly remodeled kitchen with quartz countertops and stainless steel appliances, along with updated flooring and a renovated bathroom, offering a move-in-ready experience.
This property is located on Fee Simple land and permits short-term rentals, making it a rare and highly desirable opportunity for investors or vacation home seekers in the Palm Springs market.
As a ground-level unit with no stairs required for access, this property offers excellent convenience and seamless indoor-outdoor living with a private patio facing a lush greenbelt.
At 589 square feet, the living space is quite limited, which may be a drawback for buyers looking for a more spacious primary residence or ample storage.
The monthly HOA fee of $550 is relatively high in proportion to the $199,000 asking price, which could impact the overall affordability and net ROI for investors.
Experience the beauty of desert living by owning your own stylishly updated Palm Springs pied-a-terre at Palm Springs Villas I! This ground-level one bedroom, one bath desert sanctuary requires no stairs to access, offering comfort, convenience, and classical Palm Springs resort living. Unit #115 features a spacious layout with flexible living and dining areas, and recessed lighting and laminate flooring throughout. The sliding glass door leads to your own private covered patio where you can enjoy your morning coffee as you look out on the spacious greenbelt just outside your door. The updated kitchen includes generous modern cabinet storage, stainless steel appliances, quartz countertops, and an easy connection to the dining space giving a modern and highly functional use. This unit offers an additional hall closet for extra storage and the potential to install a stackable washer/dryer. The bedroom offers good natural light, and plenty of closet space. The remodeled bathroom provides modern updates for your comfort as well. This unit provides a clean move-in-ready feel. Palm Springs Villas I residents enjoy the best of resort style living with 5 pools and spas, 4 tennis courts, BBQ areas, community laundry, and lush park like grounds with tall pine trees and open green spaces creating a peaceful setting. HOA owners enjoy low monthly HOA dues that include water, trash, and sewage removal, amenities maintenance, along with unassigned covered parking for residents and guests. Just minutes away from downtown Palm Springs, the Aerial Tramway, hiking, museums, casinos, shopping, dining, and more! Short term rentals are ALLOWED! Some furnishings available for sale outside of escrow. Whether you are looking for a primary residence, a weekend desert getaway, or an investment opportunity, this desert retreat delivers an affordable entry point into the Palm Springs lifestyle. Located on Fee simple land, you own the land, and there are no land lease dues! Do not miss this opportunity to own in one of Palm Springs' most convenient communities.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.6 mi
Grades K-5 • 3.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 33% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 589 | 1,131 | 20% |
| Lot Size | - | 436 | 45% |
| Price | $199.0K | $360.0K | 17% |
| Price per sq ft | $338 | $345 | 47% |
| Built year | 1981 | 1981 | 50% |
| HOA | $550.0 | $550 | 50% |
| Days on market | 33 | 160 | 2% |
May 5, 2026
$199,000
Initial Listing
Dec 4, 2020
$135,000
Public Record
Jun 12, 2017
$110,000
Public Record
Sep 26, 2016
$60,000
Public Record
Dec 19, 1995
$23,000
Public Record