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5125 E Waverly Drive B5, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 2 bath

5125 E Waverly Drive B5, Palm Springs, California 92264 home-pic-0
ACTIVE UNDER CONTRACT$299,999$901/sqft
5125 E Waverly Drive B5, Palm Springs, California 92264
1Bed
2Baths
901Sqft
975Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Investment Potential: The community is short-term rental friendly with a 5-day minimum, making this an excellent option for income generation, a second home, or full-time living.
Top Cons:
Significant Monthly Association Fees: The $506 monthly association fee is substantial, which can impact the overall cost of ownership and potential investment returns.

Compared to the nearby listings

Price:$300.0K vs avg $432.5K ($-132,501)12%
Size:901 sqft vs avg 1,316 sqft15%
Price/sqft:$333 vs avg $33450%

More Insights

Built in 1978 (48 years old).
Condition: Built in 1978, this condo has been 'beautifully refreshed' with significant recent updates. These include brand-new interior paint, newer double-pane sliding doors (2023), and new window coverings (2025). The kitchen features updated white cabinetry, clean countertops, and a mix of functional white and stainless steel appliances. Bathrooms are clean with updated vanities and fixtures. Flooring is a mix of well-maintained wood laminate and tile. The property is move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria.
Year Built
1978
Close
-
List price
$300K
Original List price
$300K
Price/Sqft
$333
HOA
$506
Days on market
-
Sold On
-
MLS number
219140364DA
Home ConditionGood
Features
Good View:
Pool
Spa
Patio
View-

About this home

Welcome to this beautifully refreshed ground-level condo in the desirable Palm Canyon Villas community--one of the few residences offering no neighbors above or below for added privacy and quiet living. This 1-bedroom, 2-bath home features a versatile bonus room with a closet, ideal for use as a guest space, home office, or den.The interior has been thoughtfully updated with brand-new interior paint, new window coverings (2025), and newer double-pane sliding doors (2023) that enhance both energy efficiency and natural light. Smart-home features include a Ring camera and Nest thermostat, providing convenience and peace of mind.Ideally located, the community offers easy access to nearby hiking trails, as well as shops, restaurants, and a bus stop all within walking distance, making it simple to enjoy the best of the Palm Springs lifestyle without relying on a car.Palm Canyon Villas features resort-style amenities including multiple pools and spas, tennis courts, and a community BBQ area. The community is short-term rental friendly with a 5-day minimum, making this an excellent option for full-time living, a second home, or an income-producing investment.

A
Amy Baxa
Listing Agent

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•2.9mi
4/10
Raymond Cree Middle School
Public,•6-8•4.4mi
4/10
Desert Learning Academy
Public,•K-12•2.3mi
6/10
Palm Springs High School
Public,•9-12•2.4mi

Price History

Date
Event
Price
03/28/00
Sold
$52,000
11/30/21
Sold
$315,000
03/23/18
Sold
$164,000
04/30/13
Sold
$95,000
Condition Rating
Good
Built in 1978, this condo has been 'beautifully refreshed' with significant recent updates. These include brand-new interior paint, newer double-pane sliding doors (2023), and new window coverings (2025). The kitchen features updated white cabinetry, clean countertops, and a mix of functional white and stainless steel appliances. Bathrooms are clean with updated vanities and fixtures. Flooring is a mix of well-maintained wood laminate and tile. The property is move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Investment Potential: The community is short-term rental friendly with a 5-day minimum, making this an excellent option for income generation, a second home, or full-time living.
Exceptional Location & Walkability: Ideally located with easy access to hiking trails, shops, restaurants, and public transport all within walking distance, enhancing convenience and lifestyle.
Enhanced Privacy: As a ground-level condo with no neighbors above or below, it offers a rare level of privacy and quiet living for a multi-unit dwelling.
Recent Updates & Smart Home Features: The interior boasts brand-new paint, newer double-pane sliding doors (2023), and smart home features like a Ring camera and Nest thermostat, providing modern comfort and efficiency.
Resort-Style Community Amenities: Residents enjoy access to multiple pools, spas, tennis courts, and a community BBQ area, offering a comprehensive resort-like living experience.

Cons

Significant Monthly Association Fees: The $506 monthly association fee is substantial, which can impact the overall cost of ownership and potential investment returns.
Building Age: Built in 1978, the community is over 45 years old. While the unit is refreshed, the age of the overall complex may lead to future special assessments or maintenance concerns for common elements.
Compact Living Space: At 901 sqft with one primary bedroom, the living space might be considered compact for some buyers, despite the versatile bonus room.
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