500 E Amado Road 723, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 2 bath
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Palm Springs, California 92262
This Architectural Top-Floor Condominium, designed by Hugh Kaptur, is listed at $299,000, representing a stable acquisition closely aligned with its $291,905 Fair Market Value. Boasting a Condition Rating of 4, the unit features vaulted ceilings, clerestory windows, and a private patio with mountain views. Its proven track record as a successful vacation rental is bolstered by a flexible 14-day minimum rental policy and proximity to the 7-rated Katherine Finchy Elementary. This furnished asset is a premier choice for Buy-and-Hold Investors or Second-Home Buyers seeking a turnkey desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 E Amado Road 723 Subject | $299,000* List Price | 1 | 2 | 736 | $397 | - |
A 500 E Amado Road 702 Sold | $289,900 | 1 | 2 | 736 | $394 | 0.0 mi |
B 500 E Amado Road 716 Sold | $295,000 | 1 | 2 | 736 | $401 | 0.0 mi |
C 500 E Amado Road 420 Sold | $292,000 | 1 | 2 | 736 | $397 | 0.1 mi |
D 222 N Calle El Segundo 543 Sold | $375,000 | 2 | 2 | 944 | $397 | 0.2 mi |
E 351 N Hermosa Drive 2b2 Sold | $262,500 | 2 | 2 | 849 | $309 | 0.4 mi |
F 467 S Calle El Segundo D24 Sold | $275,000 | 1 | 1 | 568 | $484 | 0.9 mi |
G 500 E Amado Road 511 Active | $289,000 List Price | 1 | 2 | 736 | $393 | 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 and functional as a successful vacation rental, but it shows its age. The kitchen and bathrooms feature dated raised-panel white cabinetry, older tile countertops in the bath, and standard fixtures that lack a modern renovation. While the stainless steel refrigerator is an upgrade, the overall aesthetic and major components reflect a style from 15-30 years ago.
Situated just blocks from downtown Palm Springs and designed by renowned modernist Hugh Kaptur, this property offers significant architectural pedigree and immediate access to premier dining and nightlife.
With a flexible 14-day minimum rental policy and a proven track record as a successful vacation rental, this furnished condo presents a turnkey opportunity for investors seeking short-term rental income.
As a top-level unit featuring vaulted ceilings, clerestory windows, and a private patio with mountain views, the space feels exceptionally bright and open compared to standard ground-floor units.
The association fee of $570 per month is relatively high for a one-bedroom unit, which may impact the overall net ROI for investors or monthly affordability for residents.
At only 736 square feet, the living space is quite intimate, which may be a limiting factor for buyers looking for a more spacious primary residence or significant storage.
The Deauville, just blocks from downtown Palm Springs shopping, dining, and nightlife. Designed by noted desert modernist Hugh Kaptur, this top level furnished condo features vaulted ceilings with clerestory windows for a light filled space. Open living and dining area has french doors leading to a private patio with views. Spacious main suite also offers patio access. The one-bedroom, two-bath floor plan is ideal for a permanent residence or investment property. The Deauville allows 14-day minimum rentals. This property has been a successful vacation rental. Underground parking with additional storage space keeps your vehicles out of the desert sun. Resort-style amenities include three pools and spas, tennis courts, fitness center, and clubhouse, all within a well-maintained gated community.
No exterior & parking available.
Grades K-5 • 0.6 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 | 1,131 | 24% |
| Lot Size | 871 | 564 | 58% |
| Price | $299.0K | $360.0K | 38% |
| Price per sq ft | $406 | $345 | 69% |
| Built year | 1986 | 1981 | 79% |
| HOA | $570.0 | $550 | 57% |
| Days on market | 13 | 185 | 1% |
Apr 9, 2026
$299,000
Initial Listing