500 E Amado Road 511, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 2 bath
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Palm Springs, California 92262
This Iconic Palm Springs Condominium is listed at $289,000, representing a strategic acquisition in the heart of Central Palm Springs. While currently priced above the $267,614 Fair Market Value, the property’s Condition Rating of 4 and "reimagine" potential offer a clear path to forced appreciation through modernization. Featuring a Granite Kitchen, private Mountain View Patio, and access to Resort-Style Amenities, the asset is highly competitive due to the community's flexible 14-day minimum rental policy. This is an ideal Value-Add Opportunity for Buy-and-Hold Investors or Second-Home Buyers seeking a customizable desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 E Amado Road 511 Subject | $289,000* List Price | 1 | 2 | 736 | $364 | - |
A 500 E Amado Road 716 Sold | $295,000 | 1 | 2 | 736 | $401 | 0.0 mi |
B 500 E Amado Road 702 Sold | $289,900 | 1 | 2 | 736 | $394 | 0.0 mi |
C 500 E Amado Road 420 Sold | $292,000 | 1 | 2 | 736 | $397 | 0.0 mi |
D 351 N Hermosa Drive 2b2 Sold | $262,500 | 2 | 2 | 849 | $309 | 0.4 mi |
E 291 E Mel Avenue 362 Sold | $370,000 | 2 | 2 | 902 | $410 | 0.9 mi |
F 500 E Amado Road 215 Active | $325,000 List Price | 1 | 2 | 736 | $442 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, the property is well-maintained but largely original, as evidenced by the listing's explicit invitation to 'transform and reimagine' the interior. While it features brand-new carpeting and previous updates like granite countertops and tile flooring in the kitchen, the overall aesthetic, cabinetry, and fixtures are dated. The unit is functional and move-in ready but requires cosmetic modernization to meet current market standards.
Situated just three blocks from vibrant Downtown Palm Springs, this property offers unparalleled walkability to world-class dining, shopping, and entertainment.
Located in the iconic PS Deauville community, residents have access to premium amenities including three pools and spas, tennis courts, a fitness center, and secure underground parking.
The favorable 14-day minimum rental policy makes this an ideal opportunity for generating consistent income as a short-term or seasonal desert retreat.
The call to 'transform and reimagine' the space suggests that beyond the new carpeting, the unit likely requires further cosmetic or structural updates to reach its full potential.
The $515 monthly association fee is relatively high for a one-bedroom unit of this size, which may impact the net return on investment for some buyers.
Brand New Carpeting just installed! Come for a second look. Transform, Reimagine, and Thrive in the Heart of Palm Springs. Welcome to the iconic PS Deauville, a celebrated community designed by renowned architect Hugh Kaptur, AIA. This is a rare opportunity to transform and reimagine this condominium as your primary residence, a stylish second home, or an income-generating desert retreat. Granite countertops, tiled backsplash & floors in kitchen. Located just three blocks from vibrant Downtown Palm Springs, The PS Deauville offers unmatched resort-style amenities including a clubhouse, three sparkling pools and spas, two tennis courts, a fitness center, bike storage, and virtually unlimited underground parking with storage. Whether you're looking to relax or generate fantastic rental income (with a 14-day minimum policy), this opportunity offers ultimate flexibility and lifestyle appeal. 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 | 1.0 | 2.0 | 35% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 736 | 1,122.5 | 24% |
| Lot Size | - | 436 | 46% |
| Price | $289.0K | $360.0K | 34% |
| Price per sq ft | $393 | $347 | 64% |
| Built year | 1986 | 1981 | 79% |
| HOA | $515.0 | $550 | 42% |
| Days on market | 293 | 183 | 89% |
Feb 9, 2026
$289,000
$272,000
+6% Price Increase
Initial Listing
Dec 11, 2025
$272,000
$289,000
-6% Price Drop
Initial Listing
Oct 16, 2025
$289,000
$300,000
-4% Price Drop
Initial Listing
Sep 25, 2025
$300,000
$317,000
-5% Price Drop
Initial Listing
Jul 3, 2025
$317,000
Initial Listing