505 S Farrell Drive S115, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath

505 S Farrell Drive S115, Palm Springs, California 92264 home-pic-0
ACTIVE$329,000
505 S Farrell Drive S115, Palm Springs, California 92264
1Bed
1Bath
797Sqft
1,307Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Views & Privacy: The condo offers unobstructed mountain views, no unit above, and two private patios for indoor/outdoor living, including a serene rear patio overlooking a greenbelt, enhancing its appeal and sense of tranquility.
Top Cons:
Age of Property: Built in 1985, despite recent cosmetic refreshes, the property's underlying infrastructure and systems may be older, potentially leading to future maintenance or upgrade costs not covered by recent updates.

Compared to the nearby listings

Price:$329.0K vs avg $439.4K ($-110,450)20%
Size:797 sqft vs avg 1,307 sqft11%
Price/sqft:$413 vs avg $34074%

More Insights

Built in 1985 (40 years old).
Condition: Built in 1985, this property has been recently refreshed with new paint, upgraded lighting, modern kitchen appliances, and updated bathroom features, making it move-in ready. While the kitchen cabinets and countertops retain a somewhat dated style, they are clean and functional. The overall condition is well-maintained with no immediate renovation required, aligning with the 'Good' score criteria.
Year Built
1985
Close
-
List price
$329K
Original List price
$339K
Price/Sqft
$413
HOA
$507
Days on market
-
Sold On
-
MLS number
219136014PS
Home ConditionGood
Features
Good View: Park/Greenbelt, Mountain(s), Peek-A-Boo, Pool
Patio
ViewPark/Greenbelt, Mountain(s), Peek-A-Boo, Pool

About this home

NEW PRICE! This fully furnished, turnkey condo in the gated Mesquite Country Club community offers the perfect blend of comfort, privacy, and premier Palm Springs living. Enjoy unobstructed mountain views, vaulted ceilings, and no unit above you--a rare find in this price range.Designed for effortless indoor/outdoor living, the home features two private patios to capture morning sunrises and evening sunsets. Inside, the condo has been refreshed with new paint, upgraded lighting, updated bathroom features, and a fully stocked kitchen with modern appliances. The spacious bedroom includes a king-size bed and direct access to the serene rear patio overlooking the greenbelt.Located just steps from covered parking and a resort-style pool and spa, this home sits in one of the most desirable pockets of the community. Mesquite Country Club offers three pools and spas, tennis and pickleball courts, and direct access to the scenic walking paths of the Prescott Preserve.HOA dues cover water, sewer, trash, recycling, compost, cable, and internet, in addition to pools, sport courts, and landscaping. Fee land (no lease) and 7-day minimum rentals allowed, making this an excellent option for personal use or investment.Just minutes from downtown Palm Springs, you're close to world-class dining, shopping, golf, art, and entertainment. Whether you're looking for a primary residence, seasonal getaway, or income-producing property, this turnkey condo delivers exceptional value in one of Palm Springs' most sought-after communities.Don't miss the opportunity to own a beautifully maintained home with standout views, privacy, and amenities.

Nearby schools

4/10
Cahuilla Elementary School
Public,K-51.2mi
4/10
Raymond Cree Middle School
Public,6-82.4mi
4/10
Desert Learning Academy
Public,K-120.2mi
6/10
Palm Springs High School
Public,9-120.4mi
Condition Rating
Good

Built in 1985, this property has been recently refreshed with new paint, upgraded lighting, modern kitchen appliances, and updated bathroom features, making it move-in ready. While the kitchen cabinets and countertops retain a somewhat dated style, they are clean and functional. The overall condition is well-maintained with no immediate renovation required, aligning with the 'Good' score criteria.
Pros & Cons

Pros

Exceptional Views & Privacy: The condo offers unobstructed mountain views, no unit above, and two private patios for indoor/outdoor living, including a serene rear patio overlooking a greenbelt, enhancing its appeal and sense of tranquility.
Turnkey & Updated Interior: Fully furnished and turnkey, the unit features new paint, upgraded lighting, updated bathroom features, and a fully stocked kitchen with modern appliances, making it ready for immediate occupancy or rental.
Robust Community Amenities: Residents have access to three pools and spas, tennis and pickleball courts, and direct access to the scenic walking paths of the Prescott Preserve, providing extensive recreational and leisure options.
Strong Investment Potential: Being 'fee land' (no lease) and allowing 7-day minimum rentals makes this property an attractive option for personal use, a seasonal getaway, or a lucrative income-producing investment.
Comprehensive HOA Inclusions: HOA dues cover significant expenses including water, sewer, trash, recycling, compost, cable, internet, as well as maintenance of pools, sport courts, and landscaping, offering predictable costs and convenience.

Cons

Age of Property: Built in 1985, despite recent cosmetic refreshes, the property's underlying infrastructure and systems may be older, potentially leading to future maintenance or upgrade costs not covered by recent updates.
Limited Square Footage: At 797 sqft with 1 bed and 1 bath, the unit offers limited living space, which may not appeal to buyers seeking larger accommodations or those with families.
No In-Unit Laundry Mentioned: The description does not explicitly mention in-unit laundry facilities, which is a highly desired convenience for many buyers and renters, potentially indicating shared facilities or requiring off-site options.

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