3150 Calle Arandas, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
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Palm Springs, California 92264
This High-Potential Investment Opportunity is a free-standing condominium listed at $377,000—positioned well below the $386,586 Fair Market Value by 2%. This valuation gap offers $9,586 in Instant Equity. Featuring a Condition Rating of 4, the home boasts recent capital improvements like a new roof and HVAC, though the interior requires cosmetic modernization. With golf course and mountain views and a detached layout, this property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add desert residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3150 Calle Arandas Subject | $377,000* List Price | 2 | 2 | 1,512 | $262 | - |
A 7523 Regency Drive Sold | $413,000 | 2 | 2 | 1,486 | $278 | 0.1 mi |
B 7571 Calle Mazamitla Sold | $450,000 | 3 | 2 | 1,841 | $244 | 0.1 mi |
C 7601 Calle Mazamitla Sold | $421,000 | 2 | 2 | 1,769 | $238 | 0.1 mi |
D 6134 Arroyo Road 4 Sold | $325,000 | 2 | 2 | 1,327 | $245 | 0.8 mi |
E 6087 Montecito Circle 4 Sold | $355,000 | 4 | 3 | 1,551 | $229 | 0.9 mi |
F 7614 Paseo Azulejo Pending | $395,000 List Price | 2 | 2 | 1,560 | $253 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While major systems are excellent (roof and HVAC replaced within 2 years), the interior is dated. The kitchen and bathrooms feature 1980s-style oak cabinetry, tile countertops, and fluorescent lighting that are over 30 years old, requiring cosmetic modernization to meet current market standards.
The home is situated directly on the 13th fairway, offering expansive golf course and mountain views from multiple private patios.
A brand-new roof and air conditioning system were installed within the last two years, significantly reducing near-term maintenance costs and increasing energy efficiency.
As a rare free-standing condominium, this property provides the privacy and feel of a single-family residence while maintaining the convenience of community-managed amenities.
The property is located on leased land, which can complicate traditional financing and may impact long-term equity growth compared to fee-simple ownership.
With an association fee of $640 per month, the recurring overhead is relatively high, which may affect the overall affordability and debt-to-income ratios for buyers.
Welcome to this rare free-standing condominium at 3150 Calle Arandas in Palm Springs. This 2-bedroom, 2-bath home features double-door entry, vaulted ceilings, and a spacious living room with a fireplace, wet bar, and sliding doors opening to a rear patio overlooking the 13th fairway. The dining room also offers rear patio access, while the kitchen includes a cozy dining area that opens to a gated front patio with mountain views. Recent updates include a new roof and air conditioning system within the last two years. Enjoy the convenience of an attached 2-car garage and being just steps from the community pool and spa. Situated midway between downtown Palm Springs and Palm Desert, this home offers the best of desert living with golf, views, and convenience.Seller will negotiate to deposit funds into escrow to extend the lease to Sept 14, 2061.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,512 | 1,199 |
| Lot Size | 2,614 | 1,742 |
| Price | $377.0K | $445.8K |
| Price per sq ft | $249 | $351 |
| Built year | 1980 | 1980 |
| HOA | $640.0 | $587 |
| Days on market | 47 | 67 |
Jun 5, 2026
$377,000
Initial Listing