401 S El Cielo Road 11, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Turnkey Resort Condominium is listed at $345,000, representing a stable entry into the central Palm Springs market near its $331,127 Fair Market Value. Boasting a Condition Rating of 3, the residence features mountain views, vaulted ceilings, and a private patio. As a successful monthly Airbnb, it offers immediate utility within the amenity-rich La Palme subdivision, which includes multiple pools, spas, and pickleball courts. Proximity to Palm Springs High School and local parks adds long-term appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a resort lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 401 S El Cielo Road 11 Subject | $335,000* List Price | 2 | 2 | 1,012 | $308 | - |
A 401 S El Cielo Road 147 Sold | $315,000 | 2 | 2 | 1,084 | $291 | 0.1 mi |
B 401 S El Cielo Road 49 Sold | $275,000 | 2 | 2 | 1,012 | $272 | 0.0 mi |
C 401 El Cielo Road 240 Sold | $270,000 | 2 | 2 | 1,084 | $249 | 0.2 mi |
D 401 S El Cielo Road 25 Sold | $265,000 | 2 | 2 | 1,084 | $244 | 0.0 mi |
E 437 Bradshaw Lane 50 Sold | $275,000 | 2 | 2 | 782 | $352 | 0.2 mi |
F 401 S El Cielo Road 35 Active | $304,999 List Price | 2 | 2 | 1,012 | $301 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1988, the unit is well-maintained and move-in ready. It features significant cosmetic updates including modern wide-plank flooring, fresh paint, and updated stainless steel appliances. While the kitchen and bathroom cabinetry/counters are dated (original 1980s wood-trim style), the overall condition is functional and clean, suitable for its current use as a successful rental.
The La Palme community offers an extensive amenity package including multiple pools, spas, tennis and pickleball courts, and EV charging stations, providing a high-end lifestyle experience for residents and guests.
Currently operating as a successful monthly Airbnb rental, this property offers a turnkey opportunity for investors seeking immediate income in a highly sought-after desert destination.
The unit features a desirable southwest orientation with vaulted ceilings, capturing iconic mountain views and desert sunsets that significantly enhance the interior's light and aesthetic appeal.
The property's close proximity to Palm Springs International Airport, while convenient for travel, may result in significant aircraft noise that could impact the tranquility of the outdoor living space.
Built in 1988, the property may require more frequent maintenance or interior modernization to keep pace with newer luxury developments in the Palm Springs area.
Welcome to Unit 11 at La Palme Condominiums, a beautifully positioned desert retreat in central Palm Springs. This light-filled residence features a desirable southwest orientation with mountain views, stunning desert sunsets, vaulted ceilings, and an open-concept layout that flows seamlessly to a private patio perfect for indoor-outdoor living.Ideally located near Demuth Park and just minutes from Palm Springs International Airport, the home offers easy access to downtown dining, shopping, entertainment, and outdoor recreation.The La Palme community offers resort-style amenities including multiple pools and spas, tennis and pickleball courts, EV charging stations, and lush landscaped grounds. The property has also been successfully rented monthly on Airbnb, offering excellent investment potential.An exceptional value in Palm Springs, the property includes a low land lease of only $147 per month through 2076.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades 6-8 • 2.4 mi
Grades 9-12 • 0.4 mi
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 | 1,012 | 1,131 | 40% |
| Lot Size | - | 436 | 45% |
| Price | $335.0K | $360.0K | 48% |
| Price per sq ft | $331 | $345 | 42% |
| Built year | 1988 | 1981 | 81% |
| HOA | $485.0 | $550 | 19% |
| Days on market | 31 | 160 | 2% |
May 29, 2026
$335,000
$345,000
-3% Price Drop
Initial Listing
May 7, 2026
$345,000
Initial Listing