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505 S Farrell Drive Q104, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath

505 S Farrell Drive Q104, Palm Springs, California 92264 home-pic-0
ACTIVE$319,000
505 S Farrell Drive Q104, Palm Springs, California 92264
1Bed
1Bath
797Sqft
787Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Panoramic Mountain Views: The property offers magnificent San Jacinto Mountain views from multiple vantage points, enhancing its aesthetic appeal and value.
Top Cons:
Limited Living Space: With only 797 sq ft, 1 bedroom, and 1 bathroom, the condo offers restricted living space, potentially limiting its appeal to a broader market.

Compared to the nearby listings

Price:$319.0K vs avg $439.4K ($-120,450)16%
Size:797 sqft vs avg 1,307 sqft11%
Price/sqft:$400 vs avg $34071%

More Insights

Built in 1985 (40 years old).
Condition: Built in 1985, this property is 39 years old. While it appears well-maintained and includes updated stainless steel kitchen appliances and an upgraded walk-in shower, the kitchen cabinets, laminate countertops, and fluorescent box lighting are significantly dated. The flooring is primarily carpet, and other light fixtures also suggest an older aesthetic. The property is functional and livable but requires minor updates to meet current design standards, particularly in the kitchen, aligning with the 'Fair' condition criteria.
Year Built
1985
Close
-
List price
$319K
Original List price
$328K
Price/Sqft
$400
HOA
$507
Days on market
-
Sold On
-
MLS number
219133481DA
Home ConditionFair
Features
Good View: Mountain(s), Panoramic
Deck
Pool
Spa
ViewMountain(s), Panoramic

About this home

Are you dreaming of the Palm Springs lifestyle? Tucked away in the highly coveted gated Mesquite Country Club is the perfect condo for privacy , magnificent San Jacinto Mountain views, lush landscaping and green belts centrally located to all Downtown cultural, shopping, and fine dining experiences. This unique upper level 797 sq ft 1 bedroom,1 bath condo comes turnkey furnished Is located in a secluded corner and steps away from the resort style pool and spa. There are 2 decks. Picture Relaxing off the bedroom deck where sun-drenched mornings greet you and mountain vistas frame your every afternoon. Imagine strolling through lush, manicured grounds, relaxing by sparkling pools, and enjoying the gentle sway of palm trees in the California breeze. Here, each moment invites you to unwind. The open living room has access to a balcony complete with a Barbeque The dining room opens to the kitchen with bar seating area. The bath has an upgraded walk-in shower. The resort like setting of Mesquite Country Club is known for its pools, spas, tennis courts , fountains and nearby hiking and bike trails. This vibrant community where the elegance of resort living blends seamlessly with the charm and comfort of home is waiting for you!

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•1.2mi
4/10
Raymond Cree Middle School
Public,•6-8•2.4mi
4/10
Desert Learning Academy
Public,•K-12•0.3mi
6/10
Palm Springs High School
Public,•9-12•0.4mi
Condition Rating
Fair
Built in 1985, this property is 39 years old. While it appears well-maintained and includes updated stainless steel kitchen appliances and an upgraded walk-in shower, the kitchen cabinets, laminate countertops, and fluorescent box lighting are significantly dated. The flooring is primarily carpet, and other light fixtures also suggest an older aesthetic. The property is functional and livable but requires minor updates to meet current design standards, particularly in the kitchen, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Panoramic Mountain Views: The property offers magnificent San Jacinto Mountain views from multiple vantage points, enhancing its aesthetic appeal and value.
Resort-Style Gated Community: Located within the highly coveted Mesquite Country Club, providing a secure, gated environment with extensive amenities including pools, spas, tennis courts, and lush landscaping.
Prime Central Palm Springs Location: Centrally situated for convenient access to Downtown Palm Springs' cultural attractions, shopping, and fine dining experiences.
Turnkey Furnished & Updated Interior: Offered fully furnished, providing immediate occupancy or rental potential, complemented by an upgraded walk-in shower in the bathroom.
Private Corner Unit with Outdoor Living: Positioned as a secluded corner unit with two private decks, including one off the bedroom and another with a BBQ, ideal for outdoor relaxation and entertaining.

Cons

Limited Living Space: With only 797 sq ft, 1 bedroom, and 1 bathroom, the condo offers restricted living space, potentially limiting its appeal to a broader market.
Significant Monthly Association Fees: The $507 monthly association fee is substantial for a unit of this size, which could impact affordability and long-term ownership costs.
Recent Price Adjustment: A recent price reduction from $328,000 to $319,000 suggests potential challenges in market valuation or buyer interest at the initial listing price.

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