505 S Farrell Drive H47, 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 $290,000, positioned slightly above the $283,792 Fair Market Value. Featuring a Mint Condition Rating, this fully renovated 1-bedroom condo offers immediate rental readiness with high-end finishes like quartz countertops and travertine flooring. With short-term rental zoning and panoramic mountain views from private patios, it serves as a turnkey asset for the Palm Springs market. This property is an ideal acquisition for Buy-and-Hold Investors or second-home buyers seeking a low-maintenance desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 505 S Farrell Drive H47 Subject | $290,000* List Price | 1 | 1 | 797 | $356 | - |
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 | 0.0 mi |
C 2001 Camino Parocela E O-107 Sold | $275,000 | 1 | 1 | 797 | $345 | 0.4 mi |
D 1111 E Ramon Road 1 Sold | $340,000 | 2 | 2 | 1,069 | $318 | 0.9 mi |
E 505 S Farrell Drive D18 Active | $279,000 List Price | 1 | 1 | 797 | $350 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1985, the property has undergone a complete modern renovation within the last few years. It features a fully remodeled kitchen with quartz countertops, a contemporary updated bathroom with new tile work, and travertine flooring throughout, placing it in mint, move-in-ready condition.
The property is completely renovated with high-end finishes like quartz countertops and travertine flooring, and is offered fully furnished, making it an immediate move-in or rental-ready asset.
Located in a community where short-term rentals are permitted, this condo represents a high-value investment opportunity in the competitive Palm Springs vacation market.
The unit features two private patios, including a south-facing bedroom patio that offers sought-after panoramic mountain views, enhancing the desert living experience.
The association fee of $508 per month is relatively high for a one-bedroom unit, which may impact the net cash flow for investors or the monthly budget for primary residents.
At 797 square feet with only one bedroom and one bathroom, the property's compact size may limit its appeal to larger households or those requiring a home office space.
Completely Renovated, Furnished & Move-In Ready! Welcome to desert living at its finest in this beautifully remodeled lower-level 1-bedroom, 1-bath condo in the gated Mesquite Country Club community of South Palm Springs. Featuring a renovated kitchen with quartz countertops, an updated bathroom, and travertine flooring throughout, this home is stylish, turnkey, and ready to enjoy. Offered fully furnished, it features two private patios, including a south-facing bedroom patiowith panoramic mountain views, plus an in-unit washer and dryer. Short-term rentals are permitted, making this an excellent investment opportunity or personal desert retreat. Enjoy resort-style amenities including pools, spas, and tennis courts, all just minutes from downtown Palm Springs, the Design District, shopping, dining, and entertainment.
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 | $290.0K | $445.8K |
| Price per sq ft | $364 | $351 |
| Built year | 1985 | 1980 |
| HOA | $508.0 | $587 |
| Days on market | 22 | 67 |
Jul 1, 2026
$290,000
Initial Listing
Nov 24, 1993
$82,500
Public Record