500 E Amado Road 706, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
500 E Amado Road 706
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 500 E Amado Road 706, Palm Springs, California 92262 is currently available with a list price of $499,900. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 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.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Central Location
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.
- Turnkey Investment Potential
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.
- Extensive Community Amenities
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.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $570 per month represents a significant recurring carrying cost that may impact the overall affordability and net ROI for investors.
- Rental Duration Limitations
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.
About 500 E Amado Road 706
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $570.0 / 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 | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,259 | 1,060 | 70% |
| Lot Size | - | 500 | 45% |
| Price | $499.9K | $331.0K | 73% |
| Price per sq ft | $397 | $344 | 70% |
| Built year | 1986 | 1982 | 77% |
| HOA | $570.0 | $532 | 65% |
| Days on market | 32 | 173 | 1% |
Pricing History
Listed for Sale
Feb 3, 2026
$499,900
Initial Listing