500 W Arenas Road 4, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
500 W Arenas Road 4
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 500 W Arenas Road 4, Palm Springs, California 92262 is currently available with a list price of $725,000. 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.
This property is in move-in ready condition with significant modern updates throughout. The kitchen has been modernized with stainless steel appliances, stone countertops, and contemporary cabinetry. The bathrooms feature updated tiling, glass-enclosed showers, and modern vanities. While the structure dates back to 1970, the interior finishes, including the flooring and recessed lighting, indicate extensive renovations within the last 5 to 15 years, meeting the criteria for a high-quality, well-maintained home.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated in the prestigious Tennis Club neighborhood, this property offers an exceptional lifestyle with immediate walking access to Palm Springs' premier dining, art galleries, and nightlife.
- Architectural Pedigree
Designed by iconic mid-century architect Herbert Burns, this secluded corner unit features a desirable ground-level floor plan with two separated primary suites, ensuring maximum privacy and flow.
- Scenic Mountain Vistas
The property captures the quintessential Palm Springs aesthetic with stunning views of the San Jacinto Mountains from a private, sheltered patio located just steps from the community pool.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Rental Restrictions
The 30-day minimum vacation rental policy limits the property's potential for high-turnover short-term rental income, which may deter certain types of investors.
- High Monthly Carrying Costs
With an HOA fee of $660 per month and a structure dating back to 1970, buyers should account for significant recurring expenses and potential maintenance typical of older mid-century complexes.
About 500 W Arenas Road 4
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 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
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1970
- Lot Size
- 3,485 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $660.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 1.2 mi
Katherine Finchy Elementary School
Grades K-5 • 1.3 mi
Raymond Cree Middle School
Grades 6-8 • 1.8 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 | 1,280 | 1,060 | 72% |
| Lot Size | 3,485 | 576.5 | 98% |
| Price | $725.0K | $331.0K | 92% |
| Price per sq ft | $566 | $344 | 94% |
| Built year | 1970 | 1982 | 7% |
| HOA | $660.0 | $532 | 77% |
| Days on market | 23 | 173 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$725,000
$749,000
-3% Price Drop
Initial Listing
Price Change
Feb 12, 2026
$749,000
Initial Listing
Sold
Nov 3, 2021
$625,000
Public Record
Sold
Jul 13, 2017
$40,000
Public Record