5300 E Waverly Drive K4, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 2 bath

5300 E Waverly Drive K4
Palm Springs, California 92264
Property Price
SUMMARY
Analysis of 5300 E Waverly Drive K4, Palm Springs, California 92264 is currently available with a list price of $279,000. 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.
Although built in 1978, the property has been thoughtfully updated and is presented in move-in ready condition. Key improvements include modern wood-look LVT flooring, updated light fixtures, and a refreshed kitchen that flows into the living area. The interior aesthetics are contemporary, and the home appears well-maintained with no immediate need for renovation, fitting the criteria for a 'Good' condition score.
PROSSTRENGTHS & OPPORTUNITIES
- Fee Simple Land Ownership
Unlike many Palm Springs properties situated on leased land, this condo is on FEE land, meaning you own the land outright, which simplifies financing and enhances long-term equity.
- Modernized & Move-In Ready
The interior features contemporary updates including wood-look LVT flooring, a refreshed kitchen, and modern lighting, allowing for an immediate, low-maintenance transition for owners or renters.
- Versatile Living Space
The inclusion of a flexible bonus space alongside the primary bedroom provides rare versatility for a unit of this size, easily serving as a home office, den, or guest room.
CONSRISKS & DEFICIENCIES
- Compact Living Area
With only 705 square feet of living space, the floor plan may feel restrictive for those seeking a more spacious primary residence or significant storage.
- Monthly Carrying Costs
The $500 monthly association fee represents a substantial recurring expense relative to the purchase price, which may impact the overall return on investment for seasonal rental strategies.
About 5300 E Waverly Drive K4
Here's your chance to own a beautifully updated condo in highly desirable South Palm Springs--perfectly positioned out of the wind and close to everything the desert has to offer.This inviting upstairs residence features one bedroom plus a flexible bonus space, ideal for a second bedroom, home office, or a cozy den, along with 1.5 baths. The home has been thoughtfully updated and is move-in ready. It's an excellent low-maintenance getaway, full-time home, or income-producing seasonal rental.Inside, the floor plan feels bright and open, highlighted by wood-look LVT flooring and modern lighting throughout. The refreshed kitchen flows naturally into the living area, creating a warm and functional layout. The primary bedroom is peacefully tucked away, offering generous closet space and abundant natural light.Step out onto your private balcony and enjoy tranquil views of the greenbelt, perfect for morning coffee or unwinding at sunset. The community's resort-style amenities include: Three sparkling pools and spas Tennis courts Pickleball courts Beautifully maintained grounds framed by dramatic mountain views A pool overlooking the golf course with stunning, postcard-worthy vistasThis location is hard to beat, just minutes from Tahquitz Creek Golf Course, hiking trails, Trader Joe's, grocery stores, restaurants, shopping, and the vibrant energy of downtown Palm Springs. And yes, this is FEE land, so you own the land outright.Whether you're searching for a desert retreat, an easy lock-and-leave option, or a savvy investment opportunity, this condo delivers the ideal blend of comfort, style, and convenience.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1978
- Lot Size
- 711 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $500.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 3.0 mi
Raymond Cree Middle School
Grades 6-8 • 4.4 mi
Desert Learning Academy
Grades K-12 • 2.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 13% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 705 | 1,322 | 5% |
| Lot Size | 711 | 1,148 | 41% |
| Price | $279.0K | $450.0K | 13% |
| Price per sq ft | $396 | $330 | 70% |
| Built year | 1978 | 1977 | 55% |
| HOA | $500.0 | $624 | 17% |
| Days on market | 9 | 163 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$279,000
Initial Listing
Sold
Mar 15, 2022
$266,000
Public Record
Sold
Apr 12, 2002
$77,500
Public Record
Sold
Apr 25, 1994
$55,000
Public Record





































