507 Desert Lakes Circle, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
507 Desert Lakes Circle
Palm Springs, California 92264
Property Price
SUMMARY
Analysis of 507 Desert Lakes Circle, Palm Springs, California 92264 is currently available with a list price of $395,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 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.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Views and Location
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.
- Prestigious Community Amenities
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.
- Modernized Interior Volume
The renovated interior boasts impressive 10-foot ceilings and designer tile flooring, creating a spacious and contemporary feel that complements the mid-century architecture.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
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.
- Aging Infrastructure
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.
About 507 Desert Lakes Circle
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1972
- Lot Size
- 2,614 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1654.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 1.9 mi
Raymond Cree Middle School
Grades 6-8 • 3.6 mi
Desert Learning Academy
Grades K-12 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,778 | 1,325 | 74% |
| Lot Size | 2,614 | 1,166 | 84% |
| Price | $395.0K | $450.0K | 36% |
| Price per sq ft | $222 | $328 | 5% |
| Built year | 1972 | 1977 | 25% |
| HOA | $1654.0 | $624 | 93% |
| Days on market | 18 | 163 | 1% |
Pricing History
Listed for Sale
Feb 17, 2026
$395,000
Initial Listing
Sold
Jan 30, 2014
$250,000
Public Record
Sold
Oct 21, 2010
$100,000
Public Record
Sold
Oct 21, 2010
$54,000
Public Record