505 S Farrell Drive S115, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
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Palm Springs, California 92264
This Turnkey Single-Level Condo in the gated Mesquite Country Club offers a rare combination of privacy and unobstructed mountain views. Listed at $299,000, the property represents a stable lifestyle acquisition positioned near its $283,509 Fair Market Value. Distinguished by its Fee Land ownership and vaulted ceilings with no unit above, the home boasts a Condition Rating of 3 with modern updates and two private patios. Located near Palm Springs High School, this residence allows 7-day minimum rentals, making it a premier choice for seasonal homeowners or vacation-home seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 505 S Farrell Drive S115 Subject | $299,000* List Price | 1 | 1 | 797 | $356 | - |
A 505 505 S Farrell Sold | $270,000 | 1 | 1 | 797 | $339 | 0.1 mi |
B 2001 Camino Parocela E O-107 Sold | $275,000 | 1 | 1 | 797 | $345 | 0.4 mi |
C 505 S Farrell Drive Q104 Active | $309,000 List Price | 1 | 1 | 797 | $388 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring recent updates including fresh paint, modern stainless steel appliances, and upgraded light fixtures. While some elements like the kitchen cabinetry and mirrored living room wall reflect the original 1985 construction style, the home is marketed as turnkey with no immediate renovations required, meeting the criteria for 'good' condition.
Unlike many Palm Springs properties situated on leased land, this condo is on fee land (land you own), which simplifies financing and provides significantly better long-term value retention.
As a single-level unit with no neighbors above and soaring vaulted ceilings, this home offers a rare sense of privacy and volume that is difficult to find in a standard condominium complex.
The property allows for 7-day minimum rentals and comes fully furnished and turnkey, making it an ideal, ready-to-go opportunity for short-term rental investors or vacation home seekers.
With 89 days on the market and two recent price reductions, the property has struggled to find a buyer at its initial price points, which may lead to lower future offers.
The 1-bedroom, 1-bathroom configuration and 797-square-foot footprint naturally limit the appeal to individuals or couples, excluding the larger family demographic looking for more versatile living space.
Wow! Incredible value for a single-level condo on fee land (no lease) with low HOA in Palm Springs. This fully furnished, turnkey home in the gated Mesquite Country Club offers comfort, privacy, and resort-style living.Enjoy unobstructed mountain views, soaring vaulted ceilings, and no unit above--an uncommon find at this price point. Designed for seamless indoor-outdoor living, the condo features two private patios perfect for morning coffee and evening sunsets. Inside, recent updates include fresh paint, upgraded lighting, modern appliances, and refreshed bathroom features. The spacious bedroom offers a king-size bed and direct access to a rear patio overlooking the greenbelt. Ideally located just steps from covered parking and a pool and spa, this home sits in one of the community's most desirable locations. Amenities include multiple pools and spas, tennis and pickleball courts, and access to scenic walking paths. HOA covers water, sewer, trash, cable, internet, and more. With 7-day minimum rentals allowed, this is a fantastic primary residence, vacation home, or investment opportunity. Just minutes from downtown Palm Springs dining, shopping, and entertainment--this is desert living at its best.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades 6-8 • 2.4 mi
Grades K-12 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 14% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 797 | 1,392 | 10% |
| Lot Size | 1,307 | 871 | 57% |
| Price | $299.0K | $485.0K | 13% |
| Price per sq ft | $375 | $348 | 60% |
| Built year | 1985 | 1976 | 85% |
| HOA | $507.0 | $624 | 19% |
| Days on market | 98 | 157 | 25% |
Apr 2, 2026
$299,000
$309,000
-3% Price Drop
Initial Listing
Mar 11, 2026
$309,000
$319,000
-3% Price Drop
Initial Listing
Jan 15, 2026
$319,000
Initial Listing
Sep 2, 2022
$325,000
Public Record
Feb 28, 2020
$200,000
Public Record
May 9, 2019
$189,500
Public Record
May 1, 2018
$179,000
Public Record
Apr 2, 2015
$165,000
Public Record
May 24, 2007
$195,000
Public Record
Nov 19, 2004
$215,000
Public Record
Jun 16, 2000
$90,000
Public Record
Aug 2, 1994
$85,000
Public Record