401 El Cielo Road 240, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
401 El Cielo Road 240
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 401 El Cielo Road 240, Palm Springs, California 92262 is currently available with a list price of $280,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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 It fits the 'Fair' criteria as a well-maintained 37-year-old home that is functional but shows signs of being outdated, lacking a full modern renovation of major systems and wet areas.
PROSSTRENGTHS & OPPORTUNITIES
- Optimal Privacy and Layout
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.
- Recent Interior Updates
The property features fresh interior paint and new vinyl flooring throughout, offering a modern, move-in-ready aesthetic that appeals to contemporary buyers.
- Scenic Desert Views
The unit boasts desirable mountain views and is positioned adjacent to lush greenbelts, enhancing the overall tranquility and visual appeal of the residence.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
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.
- Potential Aging Infrastructure
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.
- Market Stigma from Price History
Multiple price drops and the urgent 'Must Sell' messaging can sometimes create a negative perception regarding the property's desirability or underlying condition.
About 401 El Cielo Road 240
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $475.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,084 | 1,060 | 52% |
| Lot Size | - | 500 | 45% |
| Price | $280.0K | $330.0K | 38% |
| Price per sq ft | $258 | $341 | 17% |
| Built year | 1987 | 1982 | 82% |
| HOA | $475.0 | $532 | 21% |
| Days on market | 107 | 173 | 15% |
Pricing History
Listed for Sale
Feb 18, 2026
$280,000
$299,999
-7% Price Drop
Initial Listing
Price Change
Jan 28, 2026
$299,999
$350,000
-14% Price Drop
Initial Listing
Price Change
Nov 20, 2025
$350,000
Initial Listing