401 El Cielo Road 240, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Villa-Style Condominium is a Strong Value Opportunity, listed at $280,000—offering a stable entry point at its $280,000 Fair Market Value. Following a significant price reduction, this Fair Condition asset features recent cosmetic updates including new vinyl flooring and fresh paint, while the original kitchen and baths provide clear value-add potential. Boasting Mountain Views and a private patio with no neighbors above, the property offers a premium "villa" experience in the gated La Palme community. It is perfectly suited for Owner-Occupants or Buy-and-Hold Investors seeking a turnkey-ready desert lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 401 El Cielo Road 240 Subject | $280,000* List Price | 2 | 2 | 1,084 | $258 | - |
A 401 S El Cielo Road 49 Sold | $275,000 | 2 | 2 | 1,012 | $272 | 0.2 mi |
B 401 S El Cielo Road 154 Sold | $320,000 | 2 | 2 | 1,196 | $268 | 0.1 mi |
C 476 Bradshaw Lane 5 Sold | $275,000 | 2 | 2 | 960 | $286 | 0.3 mi |
D 401 El Cielo Road #236 Active | $335,000 List Price | 2 | 2 | 1,206 | $278 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1987 and features recent cosmetic updates including new interior paint and vinyl flooring, which provides a move-in ready appearance. However, based on the construction year and listing details, the kitchen and bathrooms likely retain original cabinetry and older infrastructure. It fits the 'Fair' criteria as a well-maintained 37-year-old home that is functional but shows signs of being outdated, lacking a full modern renovation of major systems and wet areas.
The 'Villa Style' configuration ensures no neighbors are living above, while the popular split-floorplan with ensuite bedrooms at opposite ends provides maximum privacy for occupants.
The property features fresh interior paint and new vinyl flooring throughout, offering a modern, move-in-ready aesthetic that appeals to contemporary buyers.
The unit boasts desirable mountain views and is positioned adjacent to lush greenbelts, enhancing the overall tranquility and visual appeal of the residence.
The monthly association fee of $475 is relatively high in proportion to the listing price, which may affect the debt-to-income ratio for some prospective buyers.
While cosmetic updates have been made, the 1987 construction year suggests that core systems or kitchen and bathroom cabinetry may be nearing the end of their functional lifespan.
Multiple price drops and the urgent 'Must Sell' messaging can sometimes create a negative perception regarding the property's desirability or underlying condition.
Must Sell! Popular flooplan with ensuite bedrooms at separate ends. New Paint,Vinyl Flooring,Mountain Views,Private Patio,Close to Pool/Spa. Villa Style-No one above. Greenbelts in front and side.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,084 | 1,122.5 | 48% |
| Lot Size | - | 436 | 46% |
| Price | $280.0K | $360.0K | 33% |
| Price per sq ft | $258 | $345 | 15% |
| Built year | 1987 | 1981 | 83% |
| HOA | $475.0 | $550 | 20% |
| Days on market | 154 | 182 | 38% |
Feb 18, 2026
$280,000
$299,999
-7% Price Drop
Initial Listing
Jan 28, 2026
$299,999
$350,000
-14% Price Drop
Initial Listing
Nov 20, 2025
$350,000
Initial Listing