500 E Amado Road 511, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 2 bath
500 E Amado Road 511
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 500 E Amado Road 511, Palm Springs, California 92262 is currently available with a list price of $289,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated just three blocks from vibrant Downtown Palm Springs, this property offers unparalleled walkability to world-class dining, shopping, and entertainment.
- Resort-Style Amenities
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.
- Investment Flexibility
The favorable 14-day minimum rental policy makes this an ideal opportunity for generating consistent income as a short-term or seasonal desert retreat.
CONSRISKS & DEFICIENCIES
- Modernization Needed
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.
- High Monthly Carrying Costs
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.
About 500 E Amado Road 511
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $515.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Katherine Finchy Elementary School
Grades K-5 • 0.7 mi
Raymond Cree Middle School
Grades 6-8 • 1.2 mi
Desert Learning Academy
Grades K-12 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 41% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 736 | 1,051 | 31% |
| Lot Size | - | 500 | 45% |
| Price | $289.0K | $330.0K | 39% |
| Price per sq ft | $393 | $344 | 67% |
| Built year | 1986 | 1982 | 77% |
| HOA | $515.0 | $532 | 48% |
| Days on market | 247 | 173 | 76% |
Pricing History
Listed for Sale
Feb 9, 2026
$289,000
$272,000
+6% Price Increase
Initial Listing
Price Change
Dec 11, 2025
$272,000
$289,000
-6% Price Drop
Initial Listing
Price Change
Oct 16, 2025
$289,000
$300,000
-4% Price Drop
Initial Listing
Price Change
Sep 25, 2025
$300,000
$317,000
-5% Price Drop
Initial Listing
Price Change
Jul 3, 2025
$317,000
Initial Listing