
Palm Springs, California 92262
This Turnkey Condominium represents a Strong Value Opportunity, listed at $299,000—positioned well below the $321,475 Fair Market Value by 6%. This valuation gap offers $22,475 in Instant Equity. Featuring a Condition Rating of 3, the unit includes a Granite Kitchen, In-Unit Laundry, and Unobstructed Mountain Views. Located in a Fee Simple community with Three Pools and Spas, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance desert lifestyle near top-rated schools.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 400 N Sunrise Way 228 Subject | $299,000* List Price | 2 | 2 | 1,150 | $280 | - |
A 1411 N Sunrise Way 7 Sold | $257,000 | 2 | 2 | 1,067 | $241 | 0.9 mi |
B 280 S Avenida Caballeros 209 Sold | $315,000 | 2 | 2 | 1,128 | $279 | 0.8 mi |
C 255 S Avenida Caballeros 302 Sold | $290,000 | 2 | 2 | 1,046 | $277 | 0.8 mi |
D 1421 N Sunrise Way 34 Sold | $289,000 | 2 | 2 | 1,170 | $247 | 0.9 mi |
E 255 S Avenida Caballeros 306 Sold | $302,000 | 2 | 2 | 1,046 | $289 | 0.8 mi |
F 400 N Sunrise Way 252 Sold | $270,000 | 1 | 1 | 850 | $318 | 0.0 mi |
G 280 S Avenida Caballeros 223 Sold | $300,000 | 2 | 2 | 1,082 | $277 | 0.7 mi |
H 222 N Calle El Segundo 560 Sold | $360,000 | 2 | 2 | 1,150 | $313 | 0.8 mi |
I 400 N Sunrise Way 101 Active | $290,000 List Price | 2 | 2 | 1,150 | $252 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1972, the unit has undergone significant updates including granite countertops, modern appliances, and tile flooring. The interior appears well-maintained and move-in ready, consistent with a renovation performed within the last 5-15 years.
A rare and highly valuable feature in Palm Springs, this property sits on fee simple land, meaning you own the land outright with no lease payments or expiration risks.
As an upper-floor end unit, the property offers enhanced privacy, superior natural light from extra windows, and unobstructed mountain views that interior units lack.
The gated community provides an excellent lifestyle package including three pools, spas, a fitness center, and in-unit laundry, all within walking distance to downtown.
The 30-day minimum rental requirement limits the property's potential for investors looking to maximize income through short-term vacation rental platforms.
With a construction date of 1972, the property may require more frequent maintenance or future capital improvements compared to newer developments in the area.
Highly Desirable Unit in Catalina Grove -- Private Balcony, Open Views, Fee Simple Land.Not all condos are created equal -- and Unit 228 proves it. This rare upper-floor end unit at Catalina Grove sits on fee simple land (no land lease), one of the most important distinctions a Palm Springs condo can offer. You own the land beneath you outright, with no expiration date, no lease renegotiation risk, and stronger long-term equity.The Unit That Has It All1Accessed via a private staircase directly from the parking lot, Unit 228 delivers the kind of position rarely available in this complex: a true end unit on the upper floor with open, unobstructed views from both the interior and the private balcony. Natural light, cross breezes, and mountain views greet you from the living room, dining area, and beyond -- making this one of the most desirable floor plans in the community.The spacious open living and dining layout flows directly to your private balcony -- ideal for morning coffee, evening cocktails, and everything the desert lifestyle demands. The kitchen is equipped with granite counters, gas cooking, a convection/microwave oven, and dishwasher. The large primary bedroom features an en-suite bath and walk-in closet. A stacked washer/dryer is in-unit for full convenience.Catalina Grove offers secure gated access, three swimming pools and spas, a clubhouse, fitness center, outdoor cooking and grilling areas, and covered parking -- with an HOA that includes water and trash. Minimum rental period is 30 days. Centrally located in Palm Springs, steps from Alejo Road and minutes to downtown restaurants, entertainment, the Convention Center, casino, and everything the desert has to offer -- without the tourist congestion.Fee Land. Private Balcony. Open Views. No Compromises.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,150 | 1,199 |
| Lot Size | 3,049 | 1,742 |
| Price | $299.0K | $445.8K |
| Price per sq ft | $260 | $351 |
| Built year | 1972 | 1980 |
| HOA | $500.0 | $587 |
| Days on market | 34 | 67 |
Jun 18, 2026
$299,000
Initial Listing
Apr 12, 2024
$329,500
Public Record
May 29, 2018
$177,000
Public Record
Nov 24, 2015
$133,000
Public Record
Apr 27, 2011
$65,000
Public Record
Nov 26, 1997
$32,000
Public Record