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
Property Price
SUMMARY
Analysis of 505 S Farrell Drive S115, Palm Springs, California 92264 is currently available with a list price of $319,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
The property is in move-in ready, turnkey condition with significant updates. It features a refreshed kitchen with modern stainless steel appliances, updated bathroom fixtures, new paint, and upgraded lighting throughout. Although built in 1985, the interior shows minimal wear and tear and has been well-maintained to meet contemporary standards without requiring immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Versatility
The property is located on fee land with a rare 7-day minimum rental policy, making it an exceptional opportunity for short-term rental income or a flexible vacation home.
- Superior Privacy and Views
This single-level villa features vaulted ceilings with no unit above, offering rare privacy and unobstructed mountain views from two separate private patios.
- Turnkey Condition
The home is offered fully furnished and recently refreshed with new paint, lighting, and updated appliances, providing a seamless move-in experience for buyers.
CONSRISKS & DEFICIENCIES
- Limited Living Space
The one-bedroom, one-bathroom configuration may limit the property's appeal to larger families or buyers requiring dedicated guest or office space.
- High Monthly Carrying Costs
The $507 monthly HOA fee is a significant recurring expense that may impact the overall affordability and net ROI for budget-conscious investors.
About 505 S Farrell Drive S115
This is the one! Single level Villa unit. 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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- 1,307 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 • 0.2 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 | 1,307 | 1,166 | 54% |
| 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 | 51 | 163 | 7% |
Pricing History
Listed for Sale
Jan 15, 2026
$319,000
Initial Listing
Sold
Sep 2, 2022
$325,000
Public Record
Sold
Feb 28, 2020
$200,000
Public Record
Sold
May 9, 2019
$189,500
Public Record
Sold
May 1, 2018
$179,000
Public Record
Sold
Apr 2, 2015
$165,000
Public Record
Sold
May 24, 2007
$195,000
Public Record
Sold
Nov 19, 2004
$215,000
Public Record
Sold
Jun 16, 2000
$90,000
Public Record
Sold
Aug 2, 1994
$85,000
Public Record


























