500 E Amado Road 313, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This condo represents a Strong Value Opportunity, listed at $490,000—positioned above the $456,952 Fair Market Value by 7%. While priced slightly above market, the property offers a Good Condition Rating and a 14-day minimum rental policy, making it a compelling Buy-and-Hold Investor asset. Featuring Hugh Kaptur architecture, mountain views, and resort-style amenities, it provides a stable, income-producing lifestyle. This is an ideal acquisition for Owner-Occupants seeking a desert retreat or investors targeting the Palm Springs vacation market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 E Amado Road 313 Subject | $490,000* List Price | 2 | 2 | 1,003 | $456 | - |
A 605 E Amado Road 610 Sold | $405,000 | 2 | 2 | 1,147 | $353 | 0.1 mi |
B 222 N Calle El Segundo 543 Sold | $375,000 | 2 | 2 | 944 | $397 | 0.1 mi |
C 291 E Mel Avenue 362 Sold | $370,000 | 2 | 2 | 902 | $410 | 0.9 mi |
D 1100 E Amado Road 13c1 Sold | $445,000 | 2 | 2 | 849 | $524 | 0.4 mi |
E 500 E Amado Road 519 Sold | $472,500 | 2 | 2 | 1,003 | $471 | 0.1 mi |
F 291 E Mel Avenue 312 Sold | $365,000 | 2 | 2 | 902 | $405 | 0.9 mi |
G 1294 Tiffany Circle N Sold | $599,000 | 2 | 2 | 1,251 | $479 | 0.8 mi |
H 500 E Amado Road 106 Sold | $560,000 | 2 | 2 | 1,259 | $445 | 0.1 mi |
I 500 E Amado Road 407 Active | $520,000 List Price | 2 | 2 | 1,003 | $518 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1986, the property is well-maintained and partially updated with newer kitchen appliances and quartz bathroom countertops. It is functional and move-in ready, aligning with the 5-15 year renovation criteria for a 'Good' rating.
Situated just blocks from Palm Canyon Drive, this property offers exceptional walkability to Palm Springs' premier dining, shopping, and entertainment districts.
The community's 14-day minimum rental policy is highly favorable for investors seeking consistent rental income in a market with increasingly strict short-term rental ordinances.
This upper-level corner unit boasts mountain views, architectural pedigree by Hugh Kaptur, and the rare desert luxury of two underground parking spaces plus a storage unit.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1742, other record lot size in square feet = 1063.
The $570 monthly association fee represents a significant recurring expense that may impact the overall affordability and cash flow for some buyers.
As a partially updated unit from 1986, the property may require additional capital investment to modernize remaining original features and achieve its full aesthetic potential.
Vacation Retreat & Income Opportunity! Welcome to The Deauville, one of Palm Springs' premier resort-style communities, ideally located just blocks from vibrant Palm Canyon Drive, downtown shopping, dining, entertainment, Modernism tours, and the casino. Whether you're seeking a desert getaway, full-time residence, or income-producing investment, this upper-level corner condo is an exceptional opportunity. The Deauville's 14-day minimum rental policy offers excellent income potential while preserving its relaxed resort atmosphere. Designed by renowned desert architect Hugh Kaptur, this partially updated home features a bright open floor plan, an updated kitchen with new countertops, newer appliances, and an in-unit washer and dryer, plus fresh interior paint and new carpeting throughout. The spacious living room and primary ensuite bedroom both open to a private patio overlooking one of the community's sparkling pools with beautiful mountain views. Tucked in a quiet interior location, the home offers both privacy and tranquility. Residents enjoy three pools, three spas, two tennis courts, beautifully maintained grounds, and one of Palm Springs' most desirable locations.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.2 mi
Grades K-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,003 | 1,199 |
| Lot Size | 1,742 | 1,742 |
| Price | $490.0K | $445.8K |
| Price per sq ft | $489 | $351 |
| Built year | 1986 | 1980 |
| HOA | $570.0 | $587 |
| Days on market | 20 | 67 |
Jul 2, 2026
$490,000
Initial Listing