5300 E Waverly Drive I6, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 2 bath
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Palm Springs, California 92264
This South Palm Springs Condo is a stable residential asset listed at $219,000, offering exceptional value right at its $215,223 Fair Market Value. The property features highly coveted Fee Simple Land Ownership, eliminating lease risks while providing a versatile layout with a Bonus Room and two full baths. Holding a Condition Rating of 4, the interior is well-maintained with Mountain Views and resort amenities. Located in the Palm Springs Unified district near Palm Springs High School, this is a perfect opportunity for first-time buyers or seasonal residents.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5300 E Waverly Drive I6 Subject | $219,000* List Price | 1 | 2 | 705 | $305 | - |
A 5300 E Waverly Drive C13 Sold | $265,000 | 2 | 2 | 768 | $345 | 0.1 mi |
B 5300 E Waverly Drive F11 Sold | $245,000 | 1 | 2 | 768 | $319 | 0.1 mi |
C 5125 E Waverly Drive B11 Sold | $265,000 | 2 | 2 | 887 | $299 | 0.3 mi |
D 5300 E Waverly Drive N5108 Sold | $158,000 | 1 | 1 | 522 | $303 | 0.2 mi |
E 1663 Fairway Circle Sold | $249,000 | 1 | 2 | 951 | $262 | 0.8 mi |
F 5125 E Waverly Drive B5 Sold | $280,000 | 1 | 2 | 901 | $311 | 0.3 mi |
G 5300 E Waverly Drive H11 Active | $269,000 List Price | 1 | 2 | 705 | $382 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, this property is well-maintained but shows signs of its age with a mix of partial updates and dated elements. The kitchen and bathrooms have been improved with granite countertops and the main living areas feature updated large-format tile flooring. However, the kitchen appliances (particularly the stove) and cabinetry are older styles, and the bedroom carpet appears dated. It meets the 'fair' criteria as an aged home maintained through regular upkeep and occasional updates rather than a full recent renovation.
A major value driver in Palm Springs, this property is on fee land (you own the land), eliminating the complications and costs associated with land leases.
The inclusion of a bonus room and two full bathrooms provides rare flexibility for a one-bedroom unit, easily functioning as a home office or guest quarters.
Situated in the desirable South End away from high-wind zones, the unit offers easy access to hiking, golf, and downtown while featuring resort-style HOA amenities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =0, other record lot size in square feet = 744.
With only 705 square feet of living space, the unit may feel restrictive for full-time residents or those with significant storage needs.
The 30-day minimum rental policy limits the property's appeal for investors looking to capitalize on the lucrative short-term vacation rental market.
Fantastic opportunity to get a great deal on a beautiful South Palm Springs Condo with no land lease! You own the land and have a high value HOA that covers Water, trash, Cable TV, Internet. This second-floor unit offers a great place for an owner occupant, desert weekender retreat, or investment opportunity (30-day min restrictions). Located well away from the Palm Springs high wind zone and just minutes from golf, hiking, grocery stores, shopping, restaurants and downtown. The complex offers three beautiful pool/spas, tennis court and pickle ball courts, all with a picturesque mountain backdrop. This 1 bedroom + bonus area, 2 bath unit features approx. 705 sq ft, well insulated middle unit, and convenient patio laundry. The primary bedroom is peacefully tucked away, offering generous closet space and abundant natural light. The bonus room is ideal for use as a second bedroom, home office, flexible living space. Mature citrus trees throughout the property. Ample parking throughout the complex and steps from the unit. This is a great opportunity to own a piece of non-leased land in South Palm Springs!
No exterior & parking available.
Grades K-5 • 3.2 mi
Grades 6-8 • 4.6 mi
Grades K-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 14% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 705 | 1,392 | 6% |
| Lot Size | 0.02 | 871 | 44% |
| Price | $219.0K | $485.0K | 3% |
| Price per sq ft | $311 | $347 | 31% |
| Built year | 1978 | 1976 | 58% |
| HOA | $500.0 | $624 | 13% |
| Days on market | 34 | 157 | 1% |
Mar 20, 2026
$219,000
Initial Listing
Apr 17, 2012
$55,000
Public Record