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500 E Amado Road 121, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 2 bath

500 E Amado Road 121, Palm Springs, California 92262 home-pic-0
ACTIVE$335,000
500 E Amado Road 121, Palm Springs, California 92262
1Bed
2Baths
736Sqft
871Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Investment & Rental Opportunity: Proximity to Palm Canyon Drive, allowance for 14-day minimum rentals, and future high-end development nearby (Dream Hotel) position this property for strong income potential and long-term value appreciation.
Top Cons:
Compact Square Footage: At 736 sqft, the one-bedroom unit is relatively small, which might limit appeal for buyers seeking more expansive living areas.

Compared to the nearby listings

Price:$335.0K vs avg $337.0K ($-2,000)50%
Size:736 sqft vs avg 1,068 sqft30%
Price/sqft:$455 vs avg $34884%

More Insights

Built in 1985 (40 years old).
Condition: Built in 1985, this condo is well-maintained and clean, but the kitchen and bathrooms show significant signs of being outdated. Features like tile countertops, older cabinet styles (despite being painted white), dated light fixtures (e.g., fluorescent in kitchen, Hollywood strip in bathroom), and mirrored closet doors indicate that major renovations have not occurred in the last 15-20 years. While functional and move-in ready, it requires minor updates to meet current aesthetic standards and buyer expectations.
Year Built
1985
Close
-
List price
$335K
Original List price
$345K
Price/Sqft
$455
HOA
$155
Days on market
-
Sold On
-
MLS number
25598803PS
Home ConditionFair
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Looking for the perfect desert escape and an investment opportunity? Welcome to Palm Springs Deauville, just blocks from the buzz of Palm Canyon Drive. Designed by celebrated desert architect Hugh Kaptur, this upper-level condo features vaulted ceilings, clerestory windows, an open-concept layout, and abundant natural light. Both the main living area and the ensuite bedroom open to a private patio with pleasant views and a quiet location away from road noise. This one-bedroom, two-bath home is ideal for part-time residents or vacation rental investors, with gated security, a dedicated storage closet, and an additional large underground storage unit. Resort-style amenities include three sparkling pools and spas, tennis courts, a fitness center, clubhouse, and underground parking for up to three cars with extra storage and bike space, plus the convenience of an in-unit washer and dryer. Palm Springs Deauville allows 14-day minimum rentals, and the future high-end Dream Hotel and Condos across the street promises even greater long-term value. Whether you're looking to invest, escape, or both, this Palm Springs home is a delight on all fronts.

Nearby schools

7/10
Katherine Finchy Elementary School
Public,•K-5•0.7mi
4/10
Raymond Cree Middle School
Public,•6-8•1.2mi
4/10
Desert Learning Academy
Public,•K-12•1.4mi
6/10
Palm Springs High School
Public,•9-12•1.4mi
Condition Rating
Fair
Built in 1985, this condo is well-maintained and clean, but the kitchen and bathrooms show significant signs of being outdated. Features like tile countertops, older cabinet styles (despite being painted white), dated light fixtures (e.g., fluorescent in kitchen, Hollywood strip in bathroom), and mirrored closet doors indicate that major renovations have not occurred in the last 15-20 years. While functional and move-in ready, it requires minor updates to meet current aesthetic standards and buyer expectations.
Pros & Cons

Pros

Exceptional Investment & Rental Opportunity: Proximity to Palm Canyon Drive, allowance for 14-day minimum rentals, and future high-end development nearby (Dream Hotel) position this property for strong income potential and long-term value appreciation.
Resort-Style Amenities with Low HOA: Access to three pools/spas, tennis courts, fitness center, and clubhouse, all supported by a remarkably low association fee of $155.
Architectural Design & Bright Interiors: Designed by celebrated desert architect Hugh Kaptur, featuring vaulted ceilings, clerestory windows, an open-concept layout, and abundant natural light, enhancing its aesthetic appeal and living experience.
Generous Storage & Secure Parking: Includes a dedicated storage closet, an additional large underground storage unit, and underground parking for up to three cars with extra storage and bike space, a rare find for a condo.
Private Outdoor Space & Mountain Views: An upper-level unit offering a private patio with pleasant views and a quiet location, complemented by desirable mountain views.

Cons

Compact Square Footage: At 736 sqft, the one-bedroom unit is relatively small, which might limit appeal for buyers seeking more expansive living areas.
Property Age: Built in 1985, the property is nearly 40 years old, which could imply potential for future maintenance or updates to systems and finishes, despite its architectural merits.
Recent Price Adjustment: A recent price reduction from $345,000 to $335,000 could suggest initial overpricing or a longer market time, potentially influencing buyer perception.

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