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505 S Farrell Drive A3, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

505 S Farrell Drive A3, Palm Springs, California 92264 home-pic-0
ACTIVE$435,000$1,175/sqft
505 S Farrell Drive A3, Palm Springs, California 92264
2Beds
2Baths
1,175Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Extensively Remodeled Interior: The condo has been remodeled to an exceptional level of elegance and sophistication, featuring a sleek, modern kitchen with custom cabinetry, quartz countertops, new stainless-steel appliances, designer-inspired bathrooms, and beautiful wood flooring throughout, making it move-in ready.
Top Cons:
High Monthly Association Fees: The association fee of $507.0 per month is a significant recurring cost that adds to the overall ownership expenses.

Compared to the nearby listings

Price:$435.0K vs avg $435.0K (+$0)50%
Size:1,175 sqft vs avg 1,316 sqft37%
Price/sqft:$370 vs avg $33464%

More Insights

Built in 1984 (42 years old).
Condition: Despite being built in 1984, the property has undergone an extensive and high-quality renovation, as explicitly stated in the description and clearly visible in the images. The kitchen features new custom cabinetry, quartz countertops, and new stainless-steel appliances. Both bathrooms are designer-inspired with modern vanities, fixtures, and tiling. New wood-look flooring is present throughout, and light fixtures are contemporary. All interior components appear virtually new, meeting current quality standards with no visible deferred maintenance, aligning perfectly with the 'Excellent' criteria for properties extensively renovated within the last 5 years.
Year Built
1984
Close
-
List price
$435K
Original List price
$435K
Price/Sqft
$370
HOA
$507
Days on market
-
Sold On
-
MLS number
26639781PS
Home ConditionExcellent
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

505 S Farrell Dr #A3, Palm Springs Mesquite Country ClubIn over 26 years of doing business in Palm Springs, I have rarely seen a Mesquite Country Club unit remodeled to this level of elegance and sophistication. This beautifully updated 2-bedroom, 2-bathroom condo is truly exceptional.Step inside and you'll be greeted by stunning renovations throughout from the sleek, modern kitchen to the designer-inspired bathrooms. The kitchen boasts custom cabinetry, quartz countertops, and new stainless-steel appliances, including a refrigerator. Beautiful wood flooring flows seamlessly through the living spaces, complemented by newer sliders that open to picturesque views.The living room and primary bedroom enjoy abundant natural light and beautiful views, creating a sense of spaciousness and serenity. Every detail has been thoughtfully curated to create a refined, move-in-ready home that embodies the essence of upscale Palm Springs living. Mesquite Country Club offers a secure, gated community with lush landscaping, sparkling pools, tennis courts, and easy access to shopping, dining, and downtown Palm Springs. Mesquite Country Club will allow 7 day short term rentals.

G
Gary Pisula
Listing Agent

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•1.2mi
4/10
Raymond Cree Middle School
Public,•6-8•2.3mi
4/10
Desert Learning Academy
Public,•K-12•0.2mi
6/10
Palm Springs High School
Public,•9-12•0.4mi

Price History

Date
Event
Price
05/15/96
Sold
$53,000
07/05/23
Sold
$255,000
Condition Rating
Excellent
Despite being built in 1984, the property has undergone an extensive and high-quality renovation, as explicitly stated in the description and clearly visible in the images. The kitchen features new custom cabinetry, quartz countertops, and new stainless-steel appliances. Both bathrooms are designer-inspired with modern vanities, fixtures, and tiling. New wood-look flooring is present throughout, and light fixtures are contemporary. All interior components appear virtually new, meeting current quality standards with no visible deferred maintenance, aligning perfectly with the 'Excellent' criteria for properties extensively renovated within the last 5 years.
Pros & Cons

Pros

Extensively Remodeled Interior: The condo has been remodeled to an exceptional level of elegance and sophistication, featuring a sleek, modern kitchen with custom cabinetry, quartz countertops, new stainless-steel appliances, designer-inspired bathrooms, and beautiful wood flooring throughout, making it move-in ready.
Short-Term Rental Potential: The Mesquite Country Club allows 7-day short-term rentals, offering significant income potential for investors or those seeking a vacation home.
Gated Community with Amenities: Located within a secure, gated community that boasts lush landscaping, sparkling pools, and tennis courts, enhancing lifestyle and security for residents.
Desirable Location & Accessibility: The property offers easy access to shopping, dining, and downtown Palm Springs, providing convenience and a vibrant local experience.
Picturesque Mountain Views: The living room and primary bedroom enjoy abundant natural light and beautiful mountain views, creating a serene and spacious atmosphere.

Cons

High Monthly Association Fees: The association fee of $507.0 per month is a significant recurring cost that adds to the overall ownership expenses.
Age of Building Structure: Built in 1984, while the interior is extensively updated, the underlying building structure and potentially some core systems are older, which could lead to future maintenance considerations beyond cosmetic renovations.
Unspecified Cooling System: The description does not mention the presence or type of cooling system, which is a critical feature in Palm Springs' desert climate and could be a drawback if it's outdated or absent.
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