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5205 E Waverly Drive 91, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

5205 E Waverly Drive 91, Palm Springs, California 92264 home-pic-0
ACTIVE$329,000
5205 E Waverly Drive 91, Palm Springs, California 92264
2Beds
2Baths
945Sqft
Lot
Year Built
1979
Close
-
List price
$329K
Original List price
$329K
Price/Sqft
$348
HOA
$485
Days on market
-
Sold On
-
MLS number
25577859PS
Home ConditionFair
Features
Good View: Golf Course, Peek-A-Boo
Patio
ViewGolf Course,Peek-A-Boo

About this home

We found 3 Cons,5 Pros. Rank: price - $329.0K(20th), sqft - 945(16th), beds - 2(50th), baths - 2(50th).

Located in a Short Term Vacation Rental friendly Community with a 5 day minimum stay. Palm Canyon Villas is conveniently located close to Vons, and the Tahquitz Creek Golf Resort! Downtown Palm Springs is approximately a 10 minute drive away. Downtown Cathedral City is also located close by. This ground floor, all one level unit has easy access to the street! It features 2 bedrooms, 2 bathrooms, a dining area, an enclosed patio/porch and laundry. 3 closets in primary suite. Built in shelves in closets in both rooms. Unit comes turned key, fully furnished. Come check out this lovely home that is ready to move in! Buyer to verify all information.

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•3.0mi
4/10
Raymond Cree Middle School
Public,•6-8•4.4mi
4/10
Desert Learning Academy
Public,•K-12•2.4mi
6/10
Palm Springs High School
Public,•9-12•2.4mi

Price History

Date
Event
Price
08/12/25
Listing
$329,000
Condition Rating
Fair
Built in 1979, this property is well-maintained and move-in ready, featuring updated wood-look flooring and kitchen cabinets with granite countertops. However, it retains several dated elements such as popcorn ceilings, an older style kitchen backsplash, dated light fixtures, and a dated bathroom shower enclosure. While functional and clean, it shows its age and would benefit from cosmetic updates to align with more current styles.
Pros & Cons

Pros

Investment Opportunity: Located in a short-term vacation rental friendly community with a 5-day minimum stay, offering significant income potential in the popular Palm Springs market.
Immediate Occupancy/Rental Readiness: The unit comes fully furnished and turnkey, allowing for immediate move-in or rental without additional setup costs or delays.
Prime Location: Conveniently situated near essential amenities like Vons, Tahquitz Creek Golf Resort, and just a 10-minute drive to Downtown Palm Springs.
Accessibility & Convenience: As a ground-floor, all one-level unit, it offers easy access, appealing to a broad range of buyers including those seeking convenience or with mobility considerations.
Desirable Views: Features golf course views, enhancing the property's aesthetic appeal and value.

Cons

Age of Property: Built in 1979, the property's age may suggest potential for older systems or finishes that could require future updates or maintenance.
Ongoing Costs: The monthly association fee of $485 is relatively high, adding a significant recurring cost to ownership.
Compact Size: At 945 sqft, the unit is on the smaller side for a 2-bedroom, 2-bathroom condominium, which might be a consideration for buyers seeking more expansive living areas.

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