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
Property Price
SUMMARY
Analysis of 505 S Farrell Drive Q104, Palm Springs, California 92264 is currently available with a list price of $319,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 1985, this property is well-maintained and offered turnkey, but it remains largely in its original or older updated state. While the bathroom features an upgraded walk-in shower, the kitchen contains older white appliances and dated cabinetry/countertops. It meets the 'fair' criteria as a property over 20 years old that is functional and clean but shows clear signs of being outdated compared to modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Scenic Mountain Views
The unit offers stunning, unobstructed views of the San Jacinto Mountains from two private decks, providing a quintessential Palm Springs backdrop for relaxation.
- Turnkey Furnished
Sold fully furnished and move-in ready, this property is ideal for seasonal residents or investors looking for an immediate transition without the expense of outfitting the space.
- Resort-Style Amenities
Located in the gated Mesquite Country Club, residents enjoy access to multiple pools, spas, tennis courts, and manicured grounds just minutes from downtown dining and shopping.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $507 is a significant recurring expense that may impact the overall affordability and investment yield for some buyers.
- Limited Living Space
At under 800 square feet with only one bedroom, the property may feel restrictive for those requiring a home office or additional guest accommodations.
About 505 S Farrell Drive Q104
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!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- 787 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $507.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 1.2 mi
Raymond Cree Middle School
Grades 6-8 • 2.4 mi
Desert Learning Academy
Grades K-12 • 0.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 13% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 797 | 1,322 | 10% |
| Lot Size | 787 | 1,148 | 42% |
| Price | $319.0K | $450.0K | 17% |
| Price per sq ft | $400 | $330 | 71% |
| Built year | 1985 | 1977 | 88% |
| HOA | $507.0 | $624 | 24% |
| Days on market | 219 | 166 | 76% |
Pricing History
Listed for Sale
Aug 5, 2025
$319,000
$328,000
-3% Price Drop
Initial Listing
Price Change
Aug 1, 2025
$328,000
Initial Listing