500 W Arenas Road 4, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Iconic Herbert Burns Mid-Century Condominium is listed at $699,000, positioned relative to its $621,114 Fair Market Value as a high-demand architectural residence. Boasting a Condition Rating of 3, the home is a Stunning Move-In Ready Sanctuary featuring a renovated kitchen and dual primary suites for maximum privacy. The property offers unobstructed San Jacinto Mountain views just steps from downtown. Located within the Palm Springs Unified School District near Top-Rated Katherine Finchy Elementary, this home blends lifestyle luxury with historic pedigree. It is the perfect fit for Lifestyle-Focused Buyers or Seasonal Residents.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 W Arenas Road 4 Subject | $699,000* List Price | 2 | 2 | 1,280 | $485 | - |
A 307 W Arenas Road Sold | $750,000 | 2 | 3 | 1,592 | $471 | 0.1 mi |
B 500 E Amado Road 706 Active | $499,900 List Price | 2 | 2 | 1,259 | $397 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant updates throughout. The kitchen and bathrooms have been extensively renovated with modern shaker-style cabinetry, stone countertops, stainless steel appliances, and updated fixtures. The interior features consistent tile flooring, recessed lighting, and well-maintained living spaces. While the structure was built in 1970, the quality of the interior renovations and the well-kept common areas and private patio align with the 'good' condition criteria.
Situated in the prestigious Tennis Club neighborhood, this property offers an unbeatable lifestyle with immediate walking access to downtown Palm Springs' premier dining, galleries, and nightlife.
As part of an iconic Herbert Burns mid-century complex, this secluded corner unit features a desirable ground-level floor plan with dual primary suites, ensuring maximum privacy and functional living.
The unit boasts stunning views of the San Jacinto mountains from a private, sheltered patio, providing a serene outdoor oasis just steps away from the community pool and spa.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3485, other record lot size in square feet = 1246.
The 30-day minimum vacation rental policy may deter investors looking for high-turnover short-term rental income, limiting the property's flexibility as a secondary income source.
With an association fee of $660 per month, the recurring non-equity building costs are relatively high, which may impact the overall affordability for budget-conscious buyers.
Your Private Corner of Paradise at ''The 500 West''Discover the most exclusive setting in this iconic Herbert Burns mid-century complex - a secluded corner unit where mountain vistas and downtown energy meet. From your sheltered patio, watch the San Jacinto mountains transform with the light while staying tucked away from it all.This ground-level floor plan offers effortless living with two separated primary suites ensuring maximum privacy. The generous kitchen w/washer & dryer in unit provides plenty of space to create, whether you're entertaining or keeping it casual.Step outside to your private patio oasis, then just steps further to the sparkling pool and spa. When you're ready, downtown Palm Springs' best dining, galleries, and nightlife are all within an easy stroll. Hiking and biking trails beckon outdoor adventurers.''The 500 West'' delivers the complete Palm Springs lifestyle: architectural pedigree, unbeatable location, and a community that gets it right. This corner position with single-story convenience? It's the one.30-day minimum vacation rental policy
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,280 | 1,130 | 72% |
| Lot Size | 3,485 | 500 | 96% |
| Price | $699.0K | $361.0K | 91% |
| Price per sq ft | $546 | $347 | 94% |
| Built year | 1970 | 1981 | 7% |
| HOA | $660.0 | $550 | 74% |
| Days on market | 70 | 182 | 9% |
Apr 8, 2026
$699,000
$725,000
-4% Price Drop
Initial Listing
Feb 26, 2026
$725,000
$749,000
-3% Price Drop
Initial Listing
Feb 12, 2026
$749,000
Initial Listing
Nov 3, 2021
$625,000
Public Record
Jul 13, 2017
$40,000
Public Record