5125 E Waverly Drive B2, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
5125 E Waverly Drive B2
Palm Springs, California 92264
Property Price
SUMMARY
Analysis of 5125 E Waverly Drive B2, Palm Springs, California 92264 is currently available with a list price of $274,000. 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 condition and appears well-maintained. While the kitchen and bathrooms feature older styles—including white appliances and dated cabinetry—the unit has been updated with modern large-format tile flooring throughout and fresh interior paint. Built in 1978, the home shows minimal wear and tear, and although it lacks a full modern renovation, all systems appear functional and clean, fitting the criteria for a well-kept, move-in ready residence.
PROSSTRENGTHS & OPPORTUNITIES
- Fee Simple Land Ownership
This property is located on FEE land, a significant advantage in Palm Springs that offers greater investment security and easier financing compared to properties on leased land.
- Prime Location and Walkability
The condo boasts exceptional convenience, situated within walking distance to major retailers like Trader Joe's and Target, and just minutes from downtown shopping and dining.
- Scenic Resort Views
The large covered balcony provides a perfect vantage point for both stunning mountain vistas and overlooking the lush pool area, enhancing the vacation-like atmosphere.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
At $506 per month, the association fees are relatively high for a unit under 1,000 square feet, which may impact the overall affordability for some buyers.
- Compact Living Space
With only 932 square feet for a two-bedroom layout, the interior dimensions are somewhat tight, which could be a limitation for those seeking more spacious accommodations.
About 5125 E Waverly Drive B2
Welcome to 5125 Waverly Drive, Unit B2. This condo on FEE land is a bright and inviting 2-bedroom, 2-bath residence nestled in the sought-after Palm Canyon Villas community. The open-concept layout features an airy kitchen that flows easily into the living and dining areas, all illuminated by abundant natural light. The spacious primary suite provides privacy and comfort, while the second bedroom is ideal for guests, a home office, or rental flexibility. Step outside to a generous covered balcony that showcases beautiful mountain views and overlooks the meticulously maintained pool and grounds. A dedicated laundry closet with washer and dryer is discreetly situated on the balcony for added convenience. Palm Canyon Villas is a beautiful and quiet community with lush landscaping, sparkling pool and spa with exceptional mountain views, and tennis courts. Located just minutes from downtown Palm Springs shopping, restaurants, and casino fun and walking distance to favorite shops including Trader Joe's Starbucks, Vons, and Target. Quick and easy freeway access to the east valleys premier shopping and dining destinations this property offers exceptional convenience in a tranquil setting. Whether you're seeking a full-time residence, a seasonal escape, or a smart investment opportunity, this quiet centrally located home presents a versatile and appealing option in one of Palm Springs' most accessible neighborhoods.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1978
- Lot Size
- 977 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $506.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 2.9 mi
Raymond Cree Middle School
Grades 6-8 • 4.4 mi
Desert Learning Academy
Grades K-12 • 2.3 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 | 932 | 1,322 | 14% |
| Lot Size | 977 | 1,148 | 49% |
| Price | $274.0K | $450.0K | 12% |
| Price per sq ft | $294 | $328 | 25% |
| Built year | 1978 | 1977 | 55% |
| HOA | $506.0 | $624 | 19% |
| Days on market | 26 | 163 | 1% |
Pricing History
Listed for Sale
Feb 9, 2026
$274,000
Initial Listing
Sold
May 9, 2014
$118,000
Public Record
Sold
Feb 7, 2007
$215,000
Public Record
Sold
Jan 4, 2000
$74,000
Public Record