505 S Farrell Drive D18, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
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Palm Springs, California 92264
This High-Potential Investment Opportunity is listed at a List Price of $279,000, positioned slightly above the $269,133 Fair Market Value. While not a discount play, the property offers a stable entry into the Palm Springs market. Featuring a Condition Rating of 3, the unit includes a brand-new AC unit, new hot water heater, and wood laminate flooring. With short-term rental permits and panoramic mountain views, this is an ideal asset for Buy-and-Hold Investors or vacation home buyers seeking a turnkey, income-producing property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 505 S Farrell Drive D18 Subject | $279,000* List Price | 1 | 1 | 797 | $340 | - |
A 505 S Farrell Drive D17 Sold | $319,000 | 1 | 1 | 797 | $400 | 0.0 mi |
B 505 505 S Farrell Sold | $270,000 | 1 | 1 | 797 | $339 | 0.1 mi |
C 2001 Camino Parocela E O-107 Sold | $275,000 | 1 | 1 | 797 | $345 | 0.4 mi |
D 505 S Farrell Drive S115 Sold | $285,000 | 1 | 1 | 797 | $358 | 0.1 mi |
E 1050 E Ramon Road 84 Sold | $199,000 | 1 | 1 | 790 | $252 | 1.0 mi |
F 1111 E Ramon Road 13 Sold | $355,000 | 2 | 2 | 1,069 | $332 | 0.9 mi |
G 505 S Farrell Drive H47 Active | $290,000 List Price | 1 | 1 | 797 | $364 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1985 and retains dated kitchen cabinetry, it features a brand-new AC unit, new hot water heater, and new wood laminate flooring. These recent system and surface updates, combined with its move-in ready status, qualify it as well-maintained and functional.
The property is located in a community where short-term rentals are permitted, making it a highly attractive income-producing asset in the competitive Palm Springs vacation rental market.
Significant recent upgrades, including a brand-new AC unit, new hot water heater, and wood laminate flooring, provide a turnkey experience and reduce the need for immediate maintenance capital.
The upper-level positioning combined with soaring ceilings and dual private balconies maximizes natural light and offers sought-after panoramic mountain views.
The monthly association fee of $507 is relatively high for a one-bedroom unit, which may compress net yields for investors and increase the total monthly debt-to-income ratio for buyers.
At 797 square feet with only one bedroom, the property offers a compact living footprint that may limit its appeal to a narrower demographic of single occupants or short-term travelers.
Welcome to desert living at its finest. This bright, upper-level 1BD/1BA condo at the gated Mesquite Country Club in South Palm Springs offers the perfect blend of lifestyle and investment opportunity. Recently updated with a brand-new AC unit, new hot water heater, and wood laminate flooring throughout, this unit is truly move-in or rent-out ready. Soaring ceilings and two private balconies capture the best of the desert light: morning sun off the living room and panoramic mountain views from the west-facing bedroom deck. In-unit washer/dryer adds everyday convenience. Short-term rentals are permitted, making this an ideal income-producing asset in one of California's top vacation rental markets. Enjoy resort-style amenities including pools, spas, and tennis courts, all just minutes from downtown Palm Springs, the Design District, world-class dining, and more. Turnkey furnished available outside of escrow.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades 6-8 • 2.3 mi
Grades K-12 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 797 | 1,199 |
| Lot Size | 1,307 | 1,742 |
| Price | $279.0K | $445.8K |
| Price per sq ft | $350 | $351 |
| Built year | 1985 | 1980 |
| HOA | $507.0 | $587 |
| Days on market | 40 | 67 |
Jun 12, 2026
$279,000
Initial Listing
Jun 18, 2015
$143,000
Public Record
May 9, 2012
$100,000
Public Record
Jul 30, 2009
$149,000
Public Record
Sep 24, 2004
$190,000
Public Record