500 S Farrell Drive M79, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
500 S Farrell Drive M79
Palm Springs, California 92264
Property Price
SUMMARY
Analysis of 500 S Farrell Drive M79, Palm Springs, California 92264 is currently available with a list price of $405,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
The property has been extensively renovated within the last 5 years, featuring a recently fully upgraded kitchen with quartz countertops, modern cabinetry, and Maytag appliances. It also includes a newer HVAC system (2018), updated laminate flooring throughout, and modern smart home integrations like Nest and WIFI-controlled lighting, making it move-in ready with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey & Modernized
The property is offered turnkey furnished with a recently remodeled kitchen featuring quartz countertops and a newer HVAC system (2018), allowing for immediate occupancy or rental.
- Fee Land & Rental Flexibility
Situated on Fee land (land ownership) with a 7-night minimum rental policy, this property offers superior investment security and short-term rental potential compared to many Palm Springs lease-land alternatives.
- Smart Home Features
Equipped with a Nest Hello doorbell, keyless entry, and WIFI-controlled lighting, the home is optimized for modern convenience and easy remote management for vacation owners.
CONSRISKS & DEFICIENCIES
- High Monthly HOA
The $508 monthly association fee represents a significant recurring expense that may impact the overall net ROI for investors or monthly affordability for residents.
- Aging Infrastructure
Built in 1984, the complex may require ongoing maintenance or face potential special assessments common to 40-year-old condominium developments despite the individual unit's updates.
About 500 S Farrell Drive M79
This clean, bright and welcoming 2 bedroom / 2 bath in centrally located Mesquite Country Club is offered TURNKEY FURNISHED The kitchen is recently fully upgraded with quartz countertops, modern cabinetry with interior lighting, beautiful backsplash, Maytag appliances and beautiful laminate flooring. Newer HVAC system (11/18), full size washer and dryer, keyless entry. Nest Hello doorbell and back patio cameras, home Hub with WIFI controlled lights. The pool and tennis courts are steps away. Perfect for a full time home, weekend getaway or investment property. Mesquite Country Club allows short term vacation rentals with a 7-night rental minimum and is on Fee land (YOU OWN THE LAND)
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1984
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $508.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 1.4 mi
Raymond Cree Middle School
Grades 6-8 • 2.3 mi
Desert Learning Academy
Grades K-12 • 0.3 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 | 1,175 | 1,322 | 36% |
| Lot Size | - | 1,148 | 38% |
| Price | $405.0K | $450.0K | 39% |
| Price per sq ft | $345 | $330 | 54% |
| Built year | 1984 | 1977 | 83% |
| HOA | $508.0 | $624 | 24% |
| Days on market | 88 | 163 | 19% |
Pricing History
Listed for Sale
Jan 27, 2026
$405,000
$415,000
-2% Price Drop
Initial Listing
Price Change
Dec 9, 2025
$415,000
Initial Listing
Sold
Dec 17, 2020
$325,000
Public Record
Sold
Sep 24, 2020
$325,000
Public Record
Sold
May 25, 2018
$205,000
Public Record
Sold
May 5, 2005
$311,090
Public Record