291 E Mel Avenue E 200, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Turnkey Condominium represents a Strong Value Opportunity, listed at $387,000—positioned well above the $366,802 Fair Market Value by -5%. While priced slightly above market, the property features an Excellent Condition Rating with modern quartz countertops, wood-like tile, and a private patio with Mountain Views. Located in a gated community with a pool and spa, this residence offers a low-maintenance lifestyle near top-rated schools like Katherine Finchy Elementary. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 291 E Mel Avenue E 200 Subject | $387,000* List Price | 2 | 2 | 902 | $412 | - |
A 291 E Mel Avenue 362 Sold | $370,000 | 2 | 2 | 902 | $410 | 0.0 mi |
B 291 E Mel Avenue 312 Sold | $365,000 | 2 | 2 | 902 | $405 | 0.0 mi |
C 500 E Amado Road 215 Sold | $290,000 | 1 | 2 | 736 | $394 | 0.9 mi |
D 605 E Amado Road 610 Sold | $405,000 | 2 | 2 | 1,147 | $353 | 1.0 mi |
E 453 E Via Escuela 522 Sold | $330,000 | 2 | 2 | 854 | $386 | 0.6 mi |
F 222 N Calle El Segundo 543 Sold | $375,000 | 2 | 2 | 944 | $397 | 1.0 mi |
G 1865 N Via Miraleste 1822 Sold | $332,000 | 2 | 2 | 1,034 | $321 | 0.5 mi |
H 500 E Amado Road 313 Active | $490,000 List Price | 2 | 2 | 1,003 | $489 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1983, the unit has undergone significant renovations within the last 5-15 years. Key updates include modern wood-look tile flooring (no carpet), quartz countertops in the kitchen, and updated bathrooms featuring a contemporary walk-in tiled shower. The property is well-maintained and move-in ready.
Ideally situated near downtown Palm Springs and adjacent to Desert Regional Hospital, this ground-floor end unit offers exceptional convenience with easy pedestrian gate access and no stairs.
The residence is move-in ready, featuring wood-like tile flooring throughout, quartz countertops, and updated bathrooms, including a modern walk-in shower.
A significant financial advantage in Palm Springs, this property is located on 'Fee Land,' meaning you own the land rather than leasing it, which simplifies financing and enhances long-term value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =0, other record lot size in square feet = 1251.
With only 902 square feet for a two-bedroom, two-bathroom layout, the interior proportions may feel restrictive for buyers prioritizing spacious common areas.
The property has been on the market for over 100 days, which may lead to buyer concerns regarding its initial pricing strategy or underlying demand in the current market.
Yep..Summer is here! Enjoy a shaded front patio and a DOWNSTAIRS end unit location to keep things cooler before the winter comes and laced the back patio mountain views with snow! Speaking of location- Not only is it close to famous downtown Palm Springs and all its shopping, dining and activities, it's also right next door to Desert Regional Hospital (Great for nurses or physicians, traveling nurses, etc..) The complex is gated w/secured, assigned parking + loads of additional parking for family, friends, or extra vehicles. Speaking of parking, #200 is next to the community's back pedestrian gate, providing easy load-in and out of shopping treasures + parking access. No big stairways or long walks carrying groceries. Inside the condo you'll notice...NO CARPET, whew! Instead, there's wood-like tile that keeps things cool and easy to clean. There are two bedrooms w/ample mirrored closets & tiled, walled back patio with mountain views.The bathrooms have newer updates including a walk-in shower in one of them. There's a stackable washer & dryer. The living room has a slider out to the front tiled patio that provides afternoon shade and an extra locking storage shed. Because it's an end unit, it has extra light & windows + a feeling of openness & privacy. There are ceiling fans throughout, recessed lights, quartz countertops, breakfast bar, dishwasher & fridge. The beautifully maintained & lush community has a large, centered, welcoming pool & spa + tennis/ pickleball courts & community mailbox. Water & trash are included in HOA. Celebrities + the rich & famous have enjoyed Palm Springs or years..now it's YOUR turn. Enjoy resort-style living, right here in Rancho El Mirador, at a super affordable price + you own the land.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 902 | 1,199 |
| Lot Size | 0.03 | 1,742 |
| Price | $387.0K | $445.8K |
| Price per sq ft | $429 | $351 |
| Built year | 1983 | 1980 |
| HOA | $395.0 | $587 |
| Days on market | 142 | 67 |
Mar 2, 2026
$387,000
Initial Listing
May 24, 2019
$201,000
Public Record
Sep 7, 2001
$102,000
Public Record
Apr 23, 1998
$53,000
Public Record