500 S Farrell Drive J64, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
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Palm Springs, California 92264
This 2-bedroom condominium represents a Strong Value Opportunity, listed at $325,000—positioned well below the $346,645 Fair Market Value by 6%. This valuation gap provides $21,645 in Instant Equity for the buyer. Featuring a Fair Condition Rating and Panoramic Mountain Vistas, the unit offers significant potential for cosmetic modernization. With a flexible 5-day minimum stay policy, this property is an ideal Buy-and-Hold Investor asset or a strategic acquisition for seasonal vacationers seeking a high-value desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 S Farrell Drive J64 Subject | $327,500* List Price | 2 | 2 | 1,175 | $299 | - |
A 2001 E Camino Parocela L84 Sold | $345,000 | 2 | 2 | 1,175 | $294 | 0.6 mi |
B 2700 E Mesquite Avenue E29 Sold | $295,000 | 2 | 2 | 1,175 | $251 | 0.4 mi |
C 505 S Farrell Drive S115 Sold | $285,000 | 1 | 1 | 797 | $358 | 0.2 mi |
D 2251 N Sunshine Circle Sold | $420,000 | 3 | 2 | 1,342 | $313 | 0.3 mi |
E 3155 E Ramon Road 710 Sold | $330,000 | 2 | 2 | 1,230 | $268 | 0.2 mi |
F 2700 E Mesquite Avenue E26 Active Under Contract | $325,000 List Price | 2 | 2 | 1,175 | $277 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, this 40-year-old property appears functional but dated. The interior features older carpeting, mirrored closet doors, and basic white cabinetry that likely reflect original or older renovations. While move-in ready, it requires cosmetic updates to the kitchen and baths to meet modern standards.
Positioned as the best-priced unit in the Mesquite Country Club community, this property offers a highly competitive entry point for a 2-bedroom condo in Palm Springs.
With a low 5-day minimum stay requirement, this unit provides significant investment potential for seasonal visitors and weekend vacation rentals.
The property features panoramic views from the kitchen and breathtaking mountain vistas from the second bedroom, enhancing its aesthetic appeal and desert ambiance.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =0, other record lot size in square feet = 1306.
As a second-floor unit, it may be less attractive to buyers with mobility concerns or those who prefer direct ground-level outdoor access.
Given the 1984 construction and value-based pricing, the interior may require cosmetic updates or modern upgrades to compete with higher-end renovated units in the area.
Experience elevated desert living in this bright and airy 2-bedroom, 2 bath second story condo. Enjoy panoramic views from the kitchen window and breathtaking mountain vistas from the second bedroom. The open layout fills the space with natural light, creating a warm and inviting atmosphere perfect for relaxation or entertaining.This shortterm rental offers flexibility with a minimum stay of 5 days, making it ideal for seasonal visitors or weekend getaways. Best-priced unit in the community, combining comfort, convenience, and unbeatable value.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades 6-8 • 2.3 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,175 | 1,199 |
| Lot Size | 0.03 | 1,742 |
| Price | $327.5K | $445.8K |
| Price per sq ft | $279 | $351 |
| Built year | 1984 | 1980 |
| HOA | $508.0 | $587 |
| Days on market | 14 | 67 |
Jul 18, 2026
$327,500
$325,000
+1% Price Increase
Initial Listing
Jul 8, 2026
$325,000
Initial Listing