415 E Avenida Granada, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
Loading property details...
Palm Springs, California 92264
This High-Potential Investment Opportunity is listed at $499,999, positioned above the $452,776 Fair Market Value. While the price reflects a premium, the property offers significant long-term upside through potential Mills Act tax benefits and fee simple land ownership in the historically designated Villa Roma community. Featuring a Fair Condition Rating with original 1966 finishes, this unit is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to add value through cosmetic updates. Enjoy panoramic San Jacinto Mountain views, a private patio, and proximity to Palm Springs amenities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 415 E Avenida Granada Subject | $499,999* List Price | 2 | 2 | 1,379 | $328 | - |
A 2600 S Palm Canyon Drive 31 Sold | $365,000 | 2 | 3 | 1,392 | $262 | 0.2 mi |
B 1145 S La Verne Way Sold | $390,000 | 2 | 2 | 1,325 | $294 | 0.8 mi |
C 2084 S Lagarto Way Sold | $599,000 | 2 | 2 | 1,364 | $439 | 0.6 mi |
D 255 E Avenida Granada 211 Sold | $595,000 | 2 | 2 | 1,517 | $392 | 0.1 mi |
E 255 E Avenida Granada 915 Sold | $550,000 | 2 | 2 | 1,517 | $363 | 0.1 mi |
F 395 E La Verne Way Sold | $625,000 | 3 | 2 | 1,799 | $347 | 0.5 mi |
G 2600 S Palm Canyon Drive 10 Sold | $485,000 | 3 | 3 | 1,590 | $305 | 0.1 mi |
H 2600 S Palm Canyon Drive 49 Sold | $495,000 | 3 | 3 | 1,590 | $311 | 0.2 mi |
I 2518 S Sierra Madre Active | $559,000 List Price | 2 | 2 | 1,379 | $405 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1966 with kitchen and bathroom renovations that appear to be 20+ years old. While the unit is exceptionally well-maintained and move-in ready, the white appliances, tile countertops, and bathroom finishes are dated and fit the criteria for a property needing aesthetic updates.
Located in the historically designated Villa Roma community, this property may qualify for Mills Act tax benefits, offering significant long-term property tax savings for the owner.
The property is situated on fee simple land, a highly desirable feature in Palm Springs that ensures you own the land outright, providing better investment security and easier financing.
As a spacious end-unit with only one shared wall and an enclosed patio, this home offers enhanced privacy and unobstructed views of the San Jacinto Mountains.
The $599 monthly association fee represents a significant recurring cost that may impact the overall affordability and debt-to-income ratio for potential buyers.
Built in 1966, the property may require capital improvements or updates to its original systems to meet modern energy efficiency and lifestyle standards.
South Palm Springs living at its finest! Welcome to this spacious end-unit condominium on fee simple land (you own the land) in the iconic, historically designated Villa Roma community. Bright interiors, sweeping San Jacinto Mountain views, and beautifully maintained Romanesque grounds create an unforgettable desert retreat. Enjoy an enclosed patio for additional living space, only one shared wall, and a location just a short distance from downtown Palm Springs, world-class dining, shopping, golf, hiking, and biking trails. Historically designated community may offer potential rental opportunities and possible Mills Act property tax benefits (buyer to independently verify all eligibility, restrictions, and requirements). A rare opportunity to own in one of South Palm Springs' most distinctive communities.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades 6-8 • 4.1 mi
Grades K-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,379 | 1,199 |
| Lot Size | - | 1,742 |
| Price | $500.0K | $445.8K |
| Price per sq ft | $363 | $351 |
| Built year | 1966 | 1980 |
| HOA | $599.0 | $587 |
| Days on market | 8 | 67 |
Jul 14, 2026
$499,999
Initial Listing
May 19, 2004
$140,000
Public Record