507 Desert Lakes Circle, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
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Palm Springs, California 92264
This Renovated Mid-Century Modern Condominium is a High-Potential Investment Opportunity, listed at $395,000—positioned well below the $477,703 Fair Market Value by 17%. This valuation gap provides $82,703 in Instant Equity. Boasting an Excellent Condition Rating, the top-floor residence features 10-foot ceilings and panoramic 180-degree mountain views over the historic 13th green. Located in the prestigious Seven Lakes C.C. near Palm Springs High School, it offers a turnkey resort lifestyle with 15 pools and golf. This is an elite acquisition for Seasonal Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 507 Desert Lakes Circle Subject | $395,000* List Price | 2 | 2 | 1,778 | $269 | - |
A 529 Desert Lakes Circle Sold | $512,000 | 2 | 2 | 1,778 | $288 | 0.1 mi |
B 489 Desert Lakes Drive Sold | $439,000 | 1 | 2 | 1,596 | $275 | 0.0 mi |
C 449 Desert Lakes Drive Sold | $360,000 | 2 | 2 | 1,778 | $202 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property has been extensively renovated within the last 5 years, featuring modern designer tile flooring, 10-foot ceilings, and a fully updated kitchen with contemporary cabinetry and high-end appliances. The bathrooms have been completely modernized with new fixtures and finishes, and the overall aesthetic meets current luxury standards with no signs of deferred maintenance.
Positioned on the top floor above the historic 13th green, the home offers unobstructed 180-degree panoramic views of the San Jacinto Mountains, lakes, and the golf course.
Residents benefit from a high-end lifestyle featuring a William Cody-designed clubhouse, 15 heated pools and spas, tennis/pickleball courts, and a 24-hour guard-gated entrance.
The renovated interior boasts impressive 10-foot ceilings and designer tile flooring, creating a spacious and contemporary feel that complements the mid-century architecture.
The association fee of $1,654 per month is substantial relative to the purchase price, which may deter budget-conscious buyers or impact the property's cap rate for investors.
While the unit is renovated, the 1972 construction date suggests that the broader complex may face long-term maintenance requirements or potential assessments typical of older developments.
NON-OBSTRUCTIVE GOLF COURSE VIEWS!! This private, renovated, top-floor 2 bedroom/2 bath home is located in the Seven Lakes Golf and Country Club--also known as the ''Gem of the Desert''-- & is positioned above the HISTORIC 13th green where in 1968 President Eisenhower sank his only hole-in-one. Enjoy peaceful, quiet, non-obstructive views of the golf course and one of the seven lakes within the community. Play 18 holes of golf on the Ted Robinson designed golf course or socialize in the William Cody designed club house where dignitaries and Hollywood royalty have mingled for decades. Entering the home reveals 10 ft high ceilings and designer tile flooring. The extended terrace opens to a spacious living and dining area that is ideal for entertaining.Enjoy sunrises, sunsets and stunning 180-degree views of the San Jacinto and San Bernardino Mountains. The main bedroom suite offers a walk-in closet and oversized light-filled bathroom. Note that both bedrooms open onto an expansive sunroom with views of the mountains up to Southridge. A private two-car garage is also included in this special home.Perfect for full-time living or a seasonal investment property with a 24-hour guard gate, onsite HOA office, electric car charging stations, 15 heated pools and spas tennis/pickelball court. The William Cody designed clubhouse is private and offers neighbors enjoyment of a restaurant and bar.
No exterior & parking available.
Grades K-5 • 1.9 mi
Grades 6-8 • 3.6 mi
Grades K-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,778 | 1,404 | 72% |
| Lot Size | 2,614 | 871 | 83% |
| Price | $395.0K | $485.0K | 30% |
| Price per sq ft | $222 | $347 | 3% |
| Built year | 1972 | 1976 | 30% |
| HOA | $1654.0 | $625 | 93% |
| Days on market | 65 | 157 | 8% |
Feb 17, 2026
$395,000
Initial Listing
Jan 30, 2014
$250,000
Public Record
Oct 21, 2010
$100,000
Public Record
Oct 21, 2010
$54,000
Public Record