5300 E Waverly Drive K4, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 2 bath
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Palm Springs, California 92264
This Modernized Desert Retreat is listed at $272,000, providing a turnkey entry into the South Palm Springs market near its $240,124 Fair Market Value. Boasting a Good Condition Rating, the interior is highlighted by wood-look LVT flooring, a refreshed kitchen, and a flexible bonus space. A standout feature is the FEE land ownership, ensuring full land title—a rare find in the desert. Residents enjoy mountain views, three pools, and proximity to Palm Springs Unified schools. This property is an ideal acquisition for seasonal residents or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5300 E Waverly Drive K4 Subject | $272,000* List Price | 1 | 2 | 705 | $341 | - |
A 5300 E Waverly Drive K7 Sold | $245,000 | 2 | 2 | 705 | $348 | 0.0 mi |
B 5125 E Waverly Drive B5 Sold | $280,000 | 1 | 2 | 901 | $311 | 0.1 mi |
C 5300 E Waverly Drive C13 Sold | $265,000 | 2 | 2 | 768 | $345 | 0.1 mi |
D 5301 E Waverly Drive 222 Sold | $270,000 | 2 | 2 | 979 | $276 | 0.2 mi |
E 5300 E Waverly Drive F11 Sold | $245,000 | 1 | 2 | 768 | $319 | 0.1 mi |
F 5175 E Waverly Drive F49 Sold | $240,000 | 1 | 2 | 887 | $271 | 0.1 mi |
G 5300 E Waverly Drive H11 Active | $269,000 List Price | 1 | 2 | 705 | $382 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
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.
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.
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.
No exterior & parking available.
Grades K-5 • 3.0 mi
Grades 6-8 • 4.4 mi
Grades K-12 • 2.4 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 | 711 | 871 | 48% |
| Price | $272.0K | $485.0K | 11% |
| Price per sq ft | $386 | $348 | 64% |
| Built year | 1978 | 1976 | 58% |
| HOA | $500.0 | $624 | 13% |
| Days on market | 55 | 156 | 6% |
Mar 20, 2026
$272,000
$279,000
-3% Price Drop
Initial Listing
Feb 26, 2026
$279,000
Initial Listing
Mar 15, 2022
$266,000
Public Record
Apr 12, 2002
$77,500
Public Record
Apr 25, 1994
$55,000
Public Record