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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$319,000$797/sqft
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:
Turnkey & Updated Condition: The condo is fully furnished and turnkey, featuring recent updates including new paint, upgraded lighting, updated bathroom features, and a fully stocked kitchen with modern appliances, making it move-in or rental ready.
Top Cons:
High Monthly HOA Dues: The monthly HOA fee of $507.0, while comprehensive in its coverage (water, sewer, trash, cable, internet, pools, landscaping), represents a significant recurring expense that impacts overall affordability.

Compared to the nearby listings

Price:$319.0K vs avg $432.5K ($-113,500)17%
Size:797 sqft vs avg 1,316 sqft11%
Price/sqft:$400 vs avg $33474%

More Insights

Built in 1985 (41 years old).
Condition: The property, built in 1985, is well-maintained and clean, with recent updates including new paint, upgraded lighting, and modern kitchen appliances. However, the kitchen cabinets and countertops are dated in style, as are the bathroom vanity and tile flooring. While functional and move-in ready, these core elements show signs of being outdated, aligning with the 'Fair' category's description of a home that is aged but maintained through regular upkeep and occasional updates, where major components are functional but show signs of being outdated.
Year Built
1985
Close
-
List price
$319K
Original List price
$319K
Price/Sqft
$400
HOA
$507
Days on market
-
Sold On
-
MLS number
219141423PS
Home ConditionFair
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.

J
Josh Marx
Listing Agent

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•0.2mi
6/10
Palm Springs High School
Public,•9-12•0.4mi

Price History

Date
Event
Price
06/16/00
Sold
$90,000
08/02/94
Sold
$85,000
09/02/22
Sold
$325,000
02/28/20
Sold
$200,000
05/09/19
Sold
$189,500
05/01/18
Sold
$179,000
04/02/15
Sold
$165,000
05/24/07
Sold
$195,000
11/19/04
Sold
$215,000
Condition Rating
Fair
The property, built in 1985, is well-maintained and clean, with recent updates including new paint, upgraded lighting, and modern kitchen appliances. However, the kitchen cabinets and countertops are dated in style, as are the bathroom vanity and tile flooring. While functional and move-in ready, these core elements show signs of being outdated, aligning with the 'Fair' category's description of a home that is aged but maintained through regular upkeep and occasional updates, where major components are functional but show signs of being outdated.
Pros & Cons

Pros

Turnkey & Updated Condition: The condo is fully furnished and turnkey, featuring recent updates including new paint, upgraded lighting, updated bathroom features, and a fully stocked kitchen with modern appliances, making it move-in or rental ready.
Exceptional Location & Views: Offers unobstructed mountain views, two private patios for sunrises and sunsets, direct access to a serene greenbelt, and is minutes from downtown Palm Springs' amenities.
Robust Community Amenities: Located in the gated Mesquite Country Club, residents enjoy three resort-style pools and spas, tennis and pickleball courts, and direct access to the scenic walking paths of the Prescott Preserve.
Strong Investment Potential: The property is on fee land (no lease) and allows 7-day minimum rentals, providing excellent flexibility for personal use or as an income-producing asset.
Privacy & Desirable Unit Features: A rare find with no unit above, vaulted ceilings, and situated in one of the most desirable pockets of the community, offering enhanced privacy and an open feel.

Cons

High Monthly HOA Dues: The monthly HOA fee of $507.0, while comprehensive in its coverage (water, sewer, trash, cable, internet, pools, landscaping), represents a significant recurring expense that impacts overall affordability.
No Explicit Cooling System Details: While updates are mentioned, the description does not explicitly detail the type or efficiency of the cooling system, which is a critical consideration in Palm Springs' hot climate.
Compact Living Space: With 797 sqft, the condo offers a compact living space, which may be a limitation for buyers seeking a larger primary residence, though it is typical for a vacation or investment condo.
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