500 E Amado Road 506, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Turnkey Vacation Condo is a High-Potential Investment Opportunity, listed at $490,000—positioned well below the $505,443 Fair Market Value by 3%. This valuation gap offers $15,443 in Instant Equity. Featuring a Condition Rating of 3, the unit includes a Granite Kitchen and Private Patio with mountain views. With a 14-day minimum rental policy and resort-style amenities, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 E Amado Road 506 Subject | $490,000* List Price | 2 | 2 | 1,259 | $401 | - |
A 605 E Amado Road 610 Sold | $405,000 | 2 | 2 | 1,147 | $353 | 0.1 mi |
B 222 N Calle El Segundo 576 Sold | $375,000 | 2 | 2 | 1,139 | $329 | 0.2 mi |
C 500 E Amado Road 106 Sold | $560,000 | 2 | 2 | 1,259 | $445 | 0.1 mi |
D 500 E Amado Road 519 Sold | $472,500 | 2 | 2 | 1,003 | $471 | 0.0 mi |
E 1294 Tiffany Circle N Sold | $599,000 | 2 | 2 | 1,251 | $479 | 0.7 mi |
F 1115 E Alejo Road Sold | $475,000 | 2 | 2 | 1,221 | $389 | 0.4 mi |
G 500 E Amado Road E 512 Active | $519,000 List Price | 2 | 2 | 1,259 | $412 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1986, the unit has been upgraded with granite countertops and a modern tile backsplash in the kitchen. The interior features updated flooring and is well-maintained and move-in ready, consistent with a renovation performed within the last 5-15 years.
Situated just three blocks from Downtown Palm Springs, this property offers unparalleled walkability to world-class dining, shopping, and entertainment hubs.
Offered fully furnished with a favorable 14-day minimum rental policy, this unit is a move-in ready asset optimized for immediate vacation rental income.
Designed by renowned architect Hugh Kaptur, the community features premium resort-style amenities including three pools, tennis courts, and rare underground parking.
The $570 monthly association fee represents a significant recurring carrying cost that may impact the overall affordability for budget-conscious buyers.
Built in 1986, the community may face increasing maintenance requirements or future special assessments common in older desert developments to maintain its resort status.
Location, location, location. AND...Priced to Sell! Welcome to the iconic PS Deauville, a masterpiece designed by renowned architect Hugh Kaptur, AIA. Just three blocks from Downtown Palm Springs, this sought-after community offers resort-style amenities, including three pools and spas, two tennis courts, a fitness center, a clubhouse, and virtually unlimited underground parking with a communal storage unit and separate bike storage. This upgraded 2 bedroom/2 bath condo is offered turnkey furnished and is move-in ready! This unit is designed for both comfort and functionality. Enjoy the convenience of an in-unit washer and dryer, as well as a private patio with a grill and ample seating for outdoor dining/entertaining overlooking one of the 3 pools. With a 14-day minimum rental policy, this condo also presents a fantastic income-generating opportunity as a vacation rental. Don't miss your chance to own a piece of Palm Springs paradise--where location, luxury, and lifestyle come together.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,259 | 1,147 | 70% |
| Lot Size | 2,178 | 436 | 87% |
| Price | $490.0K | $359.5K | 67% |
| Price per sq ft | $389 | $344 | 65% |
| Built year | 1986 | 1981 | 79% |
| HOA | $570.0 | $550 | 56% |
| Days on market | 25 | 160 | 1% |
May 20, 2026
$490,000
Initial Listing