5301 E Waverly Drive 222, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
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Palm Springs, California 92264
This Turnkey Condominium is a Strong Value Opportunity, listed at $298,000—positioned slightly above the $294,476 Fair Market Value. While the price reflects current market stability, the property offers significant utility through its Short-Term Rental Potential and Turnkey Condition Rating of 3. Featuring Mountain and Pool Views, a private patio, and modern interior updates, this unit provides an effortless desert lifestyle. Its proximity to Palm Springs High School and local amenities makes it an ideal acquisition for Buy-and-Hold Investors or seasonal residents seeking a low-maintenance, income-producing asset.
Turnkey 2BR/2BA Palm Springs condo in Palm Canyon Villas. Features mountain views, pool, and short-term rental eligibility. Perfect investment or desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5301 E Waverly Drive 222 Subject | $298,000* List Price | 2 | 2 | 979 | $301 | - |
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 5175 E Waverly Drive F47 Sold | $240,000 | 1 | 2 | 887 | $271 | 0.3 mi |
E 5300 E Waverly Drive H11 Sold | $218,000 | 1 | 2 | 705 | $309 | 0.1 mi |
F 5125 E Waverly Drive B5 Sold | $280,000 | 1 | 2 | 901 | $311 | 0.3 mi |
G 47 Portola Drive Sold | $340,000 | 2 | 2 | 1,125 | $302 | 0.5 mi |
H 5300 E Waverly Drive K4 Sold | $255,000 | 1 | 2 | 705 | $362 | 0.2 mi |
I 5301 E Waverly Drive 187 Active Under Contract | $259,000 List Price | 2 | 2 | 1,042 | $249 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1979, the property is in well-maintained, turnkey condition with evidence of renovations within the 5-15 year range. Key updates include a modern walk-in shower with glass sliding doors, recessed lighting, and crown molding. While the kitchen features older tile countertops, the overall unit is functional, move-in ready, and reflects pride of ownership.
The property is sold fully furnished and move-in ready, offering an effortless transition for seasonal buyers or immediate income potential for investors.
Located in a community that permits 5-day minimum stays, this condo offers rare flexibility and excellent investment upside in the highly regulated Palm Springs rental market.
Situated in the sought-after South End, the unit provides a resort-style lifestyle with proximity to world-class golf, dining, and stunning mountain views.
The property was recently sold within the past year on 2026-02-26. The sold price is $270,000.00.
The HOA fee of $506 plus additional water charges represents a significant recurring expense that may impact the net ROI for investors.
At 979 square feet for a two-bedroom unit, the interior space is relatively compact, which may feel restrictive for full-time residents or those with larger furniture.
Experience the Palm Springs lifestyle you've been dreaming of. This turnkey, fully furnished 2-bedroom, 2-bath condo is nestled in the sought-after Palm Canyon Villas community, where resort-style amenities and an unbeatable South Palm Springs location come together. Whether you're looking for a primary residence, seasonal retreat, or income-producing property, this home checks all the boxes.Move right in and start enjoying everything this home has to offer. The sale includes the furniture (excluding the seller's personal items), making this a truly turnkey opportunity. Enjoy an open-concept layout with spacious living areas, a private enclosed patio, in-unit laundry, elegant crown molding, recessed lighting, and a generously sized primary suite with dual closets.Palm Canyon Villas offers sparkling pools, relaxing spas, tennis courts, and beautifully landscaped grounds. Just minutes from downtown Palm Springs, world-class golf, shopping, dining, and entertainment, this community also permits short-term vacation rentals with a 5-day minimum stay (subject to City of Palm Springs regulations and permitting), adding flexibility and excellent investment potential. HOA is $506 month with a additional amount added for water which on average comes out to $22.Move-in ready and designed for effortless desert living, this exceptional home is ready to welcome its next owner.
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 | 979 | 1,199 |
| Lot Size | - | 1,742 |
| Price | $298.0K | $445.8K |
| Price per sq ft | $304 | $351 |
| Built year | 1979 | 1980 |
| HOA | $506.0 | $587 |
| Days on market | 13 | 67 |
Jul 9, 2026
$298,000
Initial Listing
Feb 26, 2026
$270,000
Public Record