470 S Calle Encilia B15, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
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Palm Springs, California 92262
This High-Potential Investment Opportunity is listed at $250,000, positioned above the $218,512 Fair Market Value. While the property carries a premium, its status as a proven short-term rental with turnkey furnishings and panoramic mountain and pool views provides immediate income-generating utility. Featuring a Condition Rating of 3, the unit includes an updated ensuite bath and access to premium community amenities like tennis courts and spas. This is an ideal acquisition for Buy-and-Hold Investors or weekend retreat seekers prioritizing location and rental demand over immediate equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 470 S Calle Encilia B15 Subject | $250,000* List Price | 1 | 1 | 568 | $385 | - |
A 467 S Calle El Segundo D5 Sold | $224,000 | 1 | 1 | 568 | $394 | 0.0 mi |
B 467 S Calle El Segundo D24 Sold | $275,000 | 1 | 1 | 568 | $484 | 0.1 mi |
C 1100 E Amado Road 15d1 Sold | $213,500 | 1 | 1 | 633 | $337 | 0.9 mi |
D 353 N Hermosa Drive 7b2 Sold | $196,000 | 1 | 1 | 633 | $310 | 1.0 mi |
E 353 N Hermosa Dr Sold | $200,000 | 1 | 1 | 633 | $316 | 1.0 mi |
F 1150 E Amado Road 8a2 Sold | $208,500 | 1 | 1 | 633 | $329 | 0.9 mi |
G 470 S Calle Encilia B15 Active | $260,000 List Price | 1 | 1 | 568 | $458 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1985, the property has been tastefully updated with modern flooring and a renovated ensuite bath. It is well-maintained as a turnkey vacation rental, appearing move-in ready with functional systems, fitting the 5-15 year renovation criteria.
Situated just blocks from downtown Palm Springs, this property is a proven income-producing short-term rental with high guest appeal and consistent demand.
Offered turnkey furnished with dual balconies featuring mountain and pool views, providing an immediate move-in or rental-ready opportunity for investors.
The gated Biarritz community offers premium amenities including a large pool, two spas, and tennis courts, all maintained with a relatively low monthly HOA fee.
The land lease expires in 2046, which is approximately 20 years away and may significantly restrict traditional 30-year financing options for potential buyers.
At only 568 square feet, the compact interior layout may feel restrictive for full-time residency or guests seeking more spacious accommodations.
SUCCESSFUL SHORT TERM VACATION RENTAL just blocks from downtown Palm Springs dining, shopping, and entertainment. Located within the gated Biarritz community, this top floor 1 bedroom, 1 bath residence is offered turnkey furnished and is already proven as an income producing property. Ideal as a short term rental, longer term investment, weekend retreat, or full time residence. Dual balconies deliver a mix of pool and mountain views, adding strong guest appeal and indoor outdoor living. The open living, dining, and kitchen layout with pass through design maximizes usability and rental functionality. The spacious ensuite primary bath has been tastefully updated. Biarritz amenities include a large swimming pool, two spas, two tennis courts, secured bike storage, laundry rooms, and assigned covered parking. Prime location moments from the core of downtown Palm Springs, a consistent driver of rental demand. Low HOA fee supports strong net potential. Land Lease is currently $126.63/mo and expires in 2046.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 2.0 mi
Grades K-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 568 | 1,199 |
| Lot Size | 871 | 1,742 |
| Price | $250.0K | $445.8K |
| Price per sq ft | $440 | $351 |
| Built year | 1985 | 1980 |
| HOA | $499.0 | $587 |
| Days on market | 21 | 67 |
Jul 1, 2026
$250,000
Initial Listing