467 S Calle El Segundo D3, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
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Palm Springs, California 92262
This Resort-Style STR Condo is listed at $249,000, reflecting a strategic price point for its rare one-night rental flexibility in Central Palm Springs. While the $225,577 Fair Market Value indicates a market-rate entry, the property’s Well-Maintained Condition Rating and Mountain Views of the Chocolate Mountains enhance its appeal as a high-yield asset. Situated within walking distance to Agua Caliente Casino and downtown, the unit offers immediate income potential in a restricted rental market. This is a prime acquisition for Buy-and-Hold Investors or Short-Term Rental Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 467 S Calle El Segundo D3 Subject | $244,900* List Price | 1 | 1 | 568 | $373 | - |
A 467 S Calle El Segundo D24 Sold | $275,000 | 1 | 1 | 568 | $484 | 0.0 mi |
B 467 S Calle El Segundo D5 Sold | $224,000 | 1 | 1 | 568 | $394 | 0.0 mi |
C 471 S Calle El Segundo C3 Sold | $230,000 | 1 | 1 | 568 | $405 | 0.0 mi |
D 353 N Hermosa Dr Sold | $200,000 | 1 | 1 | 633 | $316 | 1.0 mi |
E 1150 E Amado Road 8a2 Sold | $208,500 | 1 | 1 | 633 | $329 | 0.9 mi |
F 1100 E Amado Road 15d1 Sold | $213,500 | 1 | 1 | 633 | $337 | 0.9 mi |
G 470 S Calle Encilia B2 Active | $245,000 List Price | 1 | 1 | 568 | $431 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, this property is well-maintained and functional as a short-term rental but shows signs of its age. While it features some updates such as wood-look laminate flooring, recessed lighting, and a bathroom speaker fan, the kitchen and bathroom components are dated. The kitchen cabinets appear to be original units that have been painted, paired with older white appliances and laminate countertops, fitting the 'fair' criteria of a 25-40 year old property with occasional updates rather than a full renovation.
The HOA's rare short-term rental policy allowing one-night stays makes this a highly lucrative opportunity for investors in the competitive Palm Springs vacation market.
Situated in the heart of Palm Springs, the property offers immediate walkability to premier dining, shopping, and entertainment, including the Agua Caliente Casino.
Located at the rear of the complex, this unit provides a secluded retreat with two balconies that capture stunning, unobstructed views of the Chocolate Mountains.
At just 568 square feet, the compact interior layout may feel restrictive for long-term residents or those seeking a more spacious primary residence.
The $499 monthly HOA fee is relatively high given the unit's small size, which may impact the overall net return on investment for some buyers.
Resort-style living at the Biarritz in the heart of Palm Springs. The Biarritz is a unique landscape, set on nearly five acres and surrounded by desert mountain views. This well-maintained community offers a true getaway experience just moments from downtown dining, shopping, and entertainment, including Agua Caliente Casino Palm Springs. The HOA is highly sought after for its short-term rental flexibility, allowing rentals for just one night, making this an ideal investment opportunity, or part-time desert retreat (or both). Community amenities include a pool, two spas, and two tennis courts with pickleball lining, along with assigned covered parking. Privately positioned on the first floor and toward the rear of the complex, this unit offers a quiet, secluded setting away from road noise. Two balconies capture sweeping views of the surroundings, including breathtaking vistas of the Chocolate Mountains. Interior upgrades include energy-efficient lighting and a bathroom fan with a built-in speaker for added functionality and daily comfort. A proven short-term rental with strong performance, this property presents a compelling opportunity for both investors and end users seeking a low-maintenance Palm Springs escape.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 2.0 mi
Grades K-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 33% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 568 | 1,131 | 2% |
| Lot Size | - | 436 | 45% |
| Price | $244.9K | $360.0K | 25% |
| Price per sq ft | $431 | $345 | 74% |
| Built year | 1985 | 1981 | 73% |
| HOA | $499.0 | $550 | 23% |
| Days on market | 66 | 160 | 10% |
Apr 23, 2026
$244,900
$249,000
-2% Price Drop
Initial Listing
Apr 2, 2026
$249,000
Initial Listing