5300 E Waverly Drive 4202, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
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Palm Springs, California 92264
This property presents a Strong Value Opportunity with a List Price of $149,000—positioned well below the $158,010 Fair Market Value by 5%. This valuation gap offers $9,010 in Instant Equity for buyers. Featuring a Fair Condition Rating, the unit requires a full interior renovation to unlock its potential. The property includes Mountain Views, a Pool, and a Patio, making it a prime candidate for Buy-and-Hold Investors or Fix-and-Flip Investors seeking a high-demand Palm Springs rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5300 E Waverly Drive 4202 Subject | $149,000* List Price | 1 | 1 | 609 | $259 | - |
A 5300 E Waverly Drive N5108 Sold | $158,000 | 1 | 1 | 522 | $303 | 0.0 mi |
B 5300 E Waverly Drive 4209 Sold | $150,000 | 0 | 1 | 522 | $287 | 0.0 mi |
C 5300 E Waverly Drive I6 Sold | $190,000 | 1 | 2 | 705 | $270 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1974 (50 years old) with no evidence of recent renovations. The interior shows significant wear, including stained carpeting and dated ceiling tiles, while the bathroom appears original. The listing explicitly targets investors and states the unit 'needs some love,' indicating a requirement for a full rehab.
Priced at $149,000, this property offers a rare, low-entry price point for the Palm Springs market, providing significant upside potential for investors willing to renovate.
The unit features a private patio with desirable mountain views, a key selling point in the desert that enhances the overall atmosphere and aesthetic appeal of the home.
Located in Smoketree Court, the property includes access to a large on-site pool, an essential amenity for the Palm Springs climate that increases its attractiveness as a vacation getaway.
The property is noted as needing 'some love,' indicating deferred maintenance or dated interiors that will require immediate additional capital investment after purchase.
With only 609 square feet of living space, the unit's small footprint may limit its appeal to buyers seeking more spacious accommodations or ample storage.
Investors this is a great condo that need some love, the perfect Palm Springs get away. The patio has mountain views and a huge pool on site.
No exterior & parking available.
Grades K-5 • 3.0 mi
Grades 6-8 • 4.5 mi
Grades K-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 609 | 1,199 |
| Lot Size | 580 | 1,742 |
| Price | $149.0K | $445.8K |
| Price per sq ft | $245 | $351 |
| Built year | 1974 | 1980 |
| HOA | $328.0 | $587 |
| Days on market | 28 | 67 |
Jun 24, 2026
$149,000
Initial Listing