500 E Amado Road 706, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
Loading property details...
Palm Springs, California 92262
This Turnkey Resort Condominium is a Strong Value Opportunity, listed at $499,900—positioned well below the $535,099 Fair Market Value by 6%. This valuation gap offers $35,199 in Instant Equity. Featuring a Condition Rating of 3, the unit is fully furnished with mountain views and dual patios. Located in the heart of Palm Springs near Katherine Finchy Elementary, the community permits 14-day rentals. This is a premier choice for Owner-Occupants or Buy-and-Hold Investors seeking a central desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 E Amado Road 706 Subject | $499,900* List Price | 2 | 2 | 1,259 | $425 | - |
A 222 N Calle El Segundo 576 Sold | $375,000 | 2 | 2 | 1,139 | $329 | 0.2 mi |
B 500 E Amado Road 519 Sold | $472,500 | 2 | 2 | 1,003 | $471 | 0.0 mi |
C 500 E Amado Road 106 Sold | $560,000 | 2 | 2 | 1,259 | $445 | 0.1 mi |
D 1294 Tiffany Circle N Sold | $599,000 | 2 | 2 | 1,251 | $479 | 0.7 mi |
E 1283 Tiffany Circle S Sold | $589,000 | 2 | 2 | 1,260 | $467 | 0.8 mi |
F 1115 E Alejo Road Sold | $475,000 | 2 | 2 | 1,221 | $389 | 0.3 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.
The property is move-in ready and well-maintained, featuring significant cosmetic updates including modern wood-look flooring and updated countertops in both the kitchen and bathrooms. While the 1986 build date and the presence of older white appliances and traditional cabinetry prevent an 'excellent' rating, the unit shows no signs of deferred maintenance and is fully functional for immediate use or as a short-term rental.
Situated in the heart of Palm Springs, this property offers exceptional walkability to downtown shopping, the Convention Center, and the casino, maximizing convenience for residents and guests.
The condo comes fully furnished and is located in a community that allows 14-day short-term rentals, providing an immediate income-generating opportunity or a ready-to-use vacation home.
The Deauville subdivision features premium resort-style facilities, including lush grounds with water features, multiple pools and spas, tennis courts, a fitness room, and rare underground parking.
The association fee of $570 per month represents a significant recurring carrying cost that may impact the overall affordability and net ROI for investors.
While short-term rentals are permitted, the 14-day minimum stay requirement may limit the property's appeal to weekend travelers, potentially reducing the total number of booking opportunities.
Deauville. Listed under market to sell quickly. 2BED 2BATH 2PATIOS. Covered Parking. Fully Furnished. Beautiful Flooring. Close to everything! Downtown, Convention Center, Casino, Shopping! Lush and Beautiful Grounds include stunning Water Features, Pools/Spas, Clubhouse, Workout Room, Extra Community Storage Rooms, Tennis. Great opportunity to live in or use as Short Term Rental (14 day) . Gated Parking for your guest and Underground Parking.
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 | 1,130 | 69% |
| Lot Size | - | 436 | 46% |
| Price | $499.9K | $361.0K | 71% |
| Price per sq ft | $397 | $347 | 67% |
| Built year | 1986 | 1981 | 79% |
| HOA | $570.0 | $550 | 57% |
| Days on market | 79 | 182 | 11% |
Feb 3, 2026
$499,900
Initial Listing