5301 E Waverly Drive 187, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
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Palm Springs, California 92264
This ground-level condominium presents a High-Potential Investment Opportunity with a List Price of $259,000—positioned well below the $272,481 Fair Market Value by 4%. This valuation gap offers $13,481 in Instant Equity for buyers. Featuring a Condition Rating of 4, the unit serves as a "clean slate" for value-add renovations. With wrap-around enclosed patios and proximity to Tahquitz Creek Golf Course, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a customizable Palm Springs residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5301 E Waverly Drive 187 Subject | $259,000* List Price | 2 | 2 | 1,042 | $259 | - |
A 5301 E Waverly Drive 172 Sold | $275,000 | 2 | 2 | 979 | $281 | 0.0 mi |
B 5301 E Waverly Drive 222 Sold | $270,000 | 2 | 2 | 979 | $276 | 0.0 mi |
C 5125 E Waverly Drive B2 Sold | $245,000 | 2 | 2 | 932 | $263 | 0.3 mi |
D 5125 E Waverly Drive B11 Sold | $265,000 | 2 | 2 | 887 | $299 | 0.2 mi |
E 5994 Fairway Circle Sold | $235,000 | 1 | 2 | 951 | $247 | 1.0 mi |
F 5300 E Waverly Drive I6 Sold | $190,000 | 1 | 2 | 705 | $270 | 0.1 mi |
G 1663 Fairway Circle Sold | $249,000 | 1 | 2 | 951 | $262 | 0.9 mi |
H 5175 E Waverly Drive F47 Sold | $240,000 | 1 | 2 | 887 | $271 | 0.2 mi |
I 5301 E Waverly Drive 199 Active | $245,000 List Price | 1 | 2 | 887 | $276 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this 45-year-old property is described as a 'clean slate' to 'finish the upgrades,' suggesting it is not fully move-in ready. While flooring and some surfaces have been updated, the bathroom finishes appear basic/dated, and the overall condition requires further minor repairs and modernization to meet current market standards.
The unit features updated flooring, kitchen, and bathrooms along with smooth texture ceilings, providing a contemporary and refreshed aesthetic for the next owner.
As a ground-level end-unit with double-pane windows and wrap-around enclosed patios, the property offers superior privacy and a quiet interior environment despite its central location.
Ideally situated near Tahquitz Creek Golf Course, hiking trails, and major shopping centers, this property offers excellent accessibility to the best of Palm Springs living.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1307, other record lot size in square feet = 897.
Marketed as a 'clean slate' to finish in your own style, the property requires additional investment and effort to complete the renovation process.
The monthly association fee of $506 is relatively high compared to the listing price, which may impact the overall affordability and debt-to-income ratio for some buyers.
Ideal opportunity to take this clean slate and finish the upgrades in your own style! Double-windows and slider facing Palm Canyon greatly enhances the quiet interior of this ground level end-unit with wrap around enclosed patios for maximum privacy. Updated flooring, kitchen and bathrooms & smooth texture ceilings. Laundry conveniently located in an exterior closet on the patio. Located close to Tahquitz Creek Golf Course, community Library, shopping, groceries, restaurants, and hiking trails!
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 |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,042 | 1,199 |
| Lot Size | 1,307 | 1,742 |
| Price | $259.0K | $445.8K |
| Price per sq ft | $249 | $351 |
| Built year | 1979 | 1980 |
| HOA | $506.0 | $587 |
| Days on market | 33 | 67 |
Jun 19, 2026
$259,000
Initial Listing
Mar 18, 2011
$110,000
Public Record