500 E Amado Road E 512, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
500 E Amado Road E 512
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 500 E Amado Road E 512, Palm Springs, California 92262 is currently available with a list price of $519,000. 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.
Built in 1986, this unit has received significant updates, particularly in the kitchen and bathrooms. The kitchen features stainless steel appliances, granite countertops, and a modern sink/faucet, though the cabinet style and fluorescent lighting are slightly dated. Both bathrooms boast updated tiled showers with modern fixtures and granite countertops, but the vanity lighting is older. The property is move-in ready with well-maintained tile flooring throughout and modern ceiling fans in bedrooms, indicating it's been extensively renovated within the last 5-15 years, aligning with a 'Good' condition score.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Living & Amenities
The Deauville community offers a resort-like experience with a clubhouse, fitness center, tennis courts, underground parking, and storage, enhancing lifestyle and value.
- Proven Rental Income History
The unit boasts a successful rental history, making it an attractive option for investors seeking immediate income generation.
- Desirable Corner Unit Layout & Views
As a corner unit, it benefits from increased natural light and privacy, featuring 2 bedrooms, 2 baths, a spacious living area, separate dining, an open kitchen, and dual views (northwest from patio, east from primary balcony) including mountains and pool.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The $515 monthly HOA fee is substantial and represents a significant ongoing cost of ownership, potentially impacting affordability for some buyers.
- Property Age & Potential for Updates
Built in 1986, the unit is approaching 40 years old. While potentially well-maintained, it may require updates to modern aesthetics or systems in the near future, which could incur additional costs.
- Short-Term Rental Restrictions
The 14-night minimum stay requirement for short-term rentals limits the flexibility and potential income for owners looking to maximize rental opportunities, especially for shorter weekend getaways.
About 500 E Amado Road E 512
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- 2,178 Sq. Ft.
Interior
- Total Bedrooms
- 2
- 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 | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,259 | 1,060 | 70% |
| Lot Size | 2,178 | 576.5 | 88% |
| Price | $519.0K | $331.0K | 77% |
| Price per sq ft | $412 | $344 | 74% |
| Built year | 1986 | 1982 | 77% |
| HOA | $515.0 | $532 | 48% |
| Days on market | 123 | 173 | 21% |
Pricing History
Listed for Sale
Jan 23, 2026
$519,000
$529,000
-2% Price Drop
Initial Listing
Price Change
Nov 4, 2025
$529,000
Initial Listing