500 E Amado Road 512, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Condominium represents a High-Potential Investment Opportunity, listed at $519,000—positioned slightly above the $500,577 Fair Market Value. While not a discount buy, the property offers a proven rental history and a 14-night minimum stay policy, making it a stable asset in a restrictive market. Featuring a Condition Rating of 3, the unit includes a Granite Kitchen and Dual Balconies with mountain views. This is an ideal acquisition for Buy-and-Hold Investors or Second-Home Owners seeking a turnkey, resort-style property in Palm Springs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 E Amado Road 512 Subject | $519,000* List Price | 2 | 2 | 1,259 | $398 | - |
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 410 N Calle El Segundo Sold | $530,000 | 2 | 2 | 1,438 | $369 | 0.1 mi |
D 500 E Amado Road 106 Sold | $560,000 | 2 | 2 | 1,259 | $445 | 0.1 mi |
E 500 E Amado Road 519 Sold | $472,500 | 2 | 2 | 1,003 | $471 | 0.0 mi |
F 1294 Tiffany Circle N Sold | $599,000 | 2 | 2 | 1,251 | $479 | 0.7 mi |
G 500 E Amado Road 506 Active | $490,000 List Price | 2 | 2 | 1,259 | $389 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1986, the property has undergone significant renovations likely within the 5-15 year range. The kitchen is updated with granite countertops and stainless steel appliances, and the bathrooms feature modern tile work and updated fixtures. The unit is well-maintained, functional, and move-in ready.
The Deauville's 14-night minimum rental policy and proven rental history make this an exceptional investment opportunity in a city with tightening rental restrictions.
As a corner unit, this property offers enhanced privacy and dual balconies providing both northwest and east-facing mountain views.
Residents enjoy premium amenities including tennis courts, a fitness center, and underground parking, all within a complex designed by renowned architect Hugh Kaptur.
The $570 monthly HOA fee is a significant recurring expense that buyers must factor into their monthly budget, despite including some utilities.
Built in 1986, the unit may require cosmetic or mechanical updates to meet modern luxury standards and maximize its rental or resale value.
Soak up the beautiful Palm Springs sun while relaxing poolside at the resort like Deauville condos designed by architect Huge Kaptur. This corner unit offers 2 full bedrooms and two full baths, large living room, separate dining room and open kitchen. The unit faces north west with views from its covered patio and east views from the primary bedrooms private balcony. Amenities include a clubhouse to relax in, fitness center, tennis courts, underground parking and storage, plus your HOA fees cover cable, water and trash. This unit comes with a successful rental history. The Deauville offers a 14 night minimum for short term rentals. Please verify vacation rental guidelines with the city of Palm Springs.
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 | 1,259 | 1,199 |
| Lot Size | - | 1,742 |
| Price | $519.0K | $445.8K |
| Price per sq ft | $412 | $351 |
| Built year | 1986 | 1980 |
| HOA | $570.0 | $587 |
| Days on market | 63 | 67 |
May 20, 2026
$519,000
Initial Listing