401 S El Cielo Road 93, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Ground Floor Condominium represents a High-Potential Investment Opportunity, listed at a List Price of $250,000—positioned well below the $250,000 Fair Market Value (reflecting a stable, competitive entry point). Featuring Dual Primary Suites, a Private Walled Patio, and Pool Views, the unit offers a functional layout in Fair Condition Rating. While the property requires modernization, its proximity to Palm Springs High School and the airport provides strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 401 S El Cielo Road 93 Subject | $250,000* List Price | 2 | 2 | 1,084 | $231 | - |
A 401 El Cielo Road 240 Sold | $270,000 | 2 | 2 | 1,084 | $249 | 0.1 mi |
B 401 S El Cielo Road 49 Sold | $275,000 | 2 | 2 | 1,012 | $272 | 0.1 mi |
C 401 S El Cielo Road 147 Sold | $315,000 | 2 | 2 | 1,084 | $291 | - |
D 413 Bradshaw Lane 76 Active Under Contract | $275,000 List Price | 2 | 2 | 960 | $286 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1985 (39 years old), which exceeds the 20-year threshold for 'Fair'. While it features recent cosmetic updates such as new vinyl plank flooring and fresh paint, the visible bathroom cabinetry and overall layout remain dated. There is no mention of recent HVAC or electrical system overhauls, suggesting the core systems and wet areas likely require further modernization to meet 'Good' or 'Excellent' standards.
The desirable ground-floor layout features ensuite bedrooms at opposite ends of the unit, providing maximum privacy and functionality for guests or roommates.
The condo is move-in ready, featuring fresh interior paint and durable vinyl plank flooring that aligns with contemporary design preferences.
With a price reduction of $100,000 from the original list price, this property offers a highly competitive entry point into the Central Palm Springs market.
The property's close proximity to the Palm Springs International Airport suggests potential for significant aircraft noise, which may deter noise-sensitive buyers.
Having been active for over 230 days, the listing may carry a market stigma that could affect its perceived desirability and future resale leverage.
Lovely ground floor condo with ensuite bedrooms at each end. Open floorplan. private walled patio. Close to parking, freshly painted, vinyl plank flooring, walking distance to airport.
No exterior & parking available.
Grades K-5 • 1.7 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 | 1,084 | 1,131 | 47% |
| Lot Size | - | 436 | 45% |
| Price | $250.0K | $360.0K | 25% |
| Price per sq ft | $231 | $345 | 7% |
| Built year | 1985 | 1981 | 73% |
| HOA | $475.0 | $550 | 17% |
| Days on market | 242 | 163 | 80% |
May 3, 2026
$250,000
$259,999
-4% Price Drop
Initial Listing
Apr 23, 2026
$259,999
$269,999
-4% Price Drop
Initial Listing
Mar 13, 2026
$269,999
$280,000
-4% Price Drop
Initial Listing
Feb 18, 2026
$280,000
$299,999
-7% Price Drop
Initial Listing
Jan 28, 2026
$299,999
$350,000
-14% Price Drop
Initial Listing
Oct 8, 2025
$350,000
Initial Listing