5301 E Waverly Drive 124, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
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Palm Springs, California 92264
This Turnkey Modernized Condo is listed at $265,000, offering a stable and fair entry point at its $265,000 Fair Market Value. Boasting a Condition Rating of 2, the interior features an extensive recent remodel with modern luxury finishes, smart home integrations, and is sold fully furnished. Residents enjoy panoramic mountain and pool views from the private deck, alongside resort-style amenities in a short-term rental friendly community. Located steps from Trader Joe’s and hiking trails, this move-in-ready sanctuary is perfect for first-time buyers or vacation home seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5301 E Waverly Drive 124 Subject | $265,000* List Price | 2 | 2 | 887 | $299 | - |
A 1553 Spyglass Sold | $310,000 | 1 | 2 | 951 | $326 | 0.9 mi |
B 5301 E Waverly Drive 222 Sold | $270,000 | 2 | 2 | 979 | $276 | 0.1 mi |
C 5125 E Waverly Drive B5 Sold | $280,000 | 1 | 2 | 901 | $311 | 0.2 mi |
D 2700 Lawrence Crossley Road 103 Sold | $265,000 | 2 | 2 | 885 | $299 | 0.2 mi |
E 5300 E Waverly Drive K7 Sold | $245,000 | 2 | 2 | 705 | $348 | 0.1 mi |
F 47 Portola Drive Sold | $340,000 | 2 | 2 | 1,125 | $302 | 0.6 mi |
G 5301 E Waverly Drive 183 Active | $279,000 List Price | 2 | 2 | 887 | $315 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent remodel, featuring modern luxury finishes, updated kitchen appliances, and smart home integrations like remote temperature control and Ring security. Although built in 1979, the interior is in turnkey condition with contemporary flooring, updated bathrooms, and high-quality fixtures, meeting the criteria for a fully renovated home within the last 5 years.
The property is newly remodeled and sold fully furnished with all kitchen items included, offering a seamless move-in or rent-ready experience for short-term or long-term rental investors.
Boasting exceptional walkability, the unit is steps away from major retailers like Trader Joe’s and Target, as well as popular hiking trails, significantly increasing its tenant and guest appeal.
Equipped with remote temperature control, remote door access, and a Ring camera system, the condo provides modern security and convenience that is highly valued in the vacation rental market.
With only 887 square feet for a two-bedroom configuration, the living space may feel restrictive for buyers seeking a more spacious primary residence.
The property has undergone four consecutive price reductions since its initial listing, which may signal a disconnect between the asking price and current market demand for this specific complex.
Must-see newly remodeled 2-bedroom, (1 Bedroom conversion) 2-bath upstairs unit in the desirable Palm Canyon Villas, a serene South Palm Springs suitable for both short-term and long-term rental community. This tasteful turnkey condo offers modern luxury and style, featuring remote temperature control, remote door access, and a Ring camera for added convenience and security. Ideally located within walking distance to Trader Joe’s, Target, Vons, Starbucks, and nearby walking and hiking trails. Perfect for pride of ownership or potential investment. Seller is including most furniture and all kitchen items, making this a true move-in or rent-ready opportunity.
No exterior & parking available.
Grades K-5 • 3.0 mi
Grades 6-8 • 4.5 mi
Grades K-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 887 | 1,392 | 13% |
| Lot Size | - | 871 | 44% |
| Price | $265.0K | $485.0K | 10% |
| Price per sq ft | $299 | $347 | 24% |
| Built year | 1979 | 1976 | 61% |
| HOA | $510.0 | $624 | 22% |
| Days on market | 218 | 156 | 80% |
Mar 7, 2026
$265,000
$269,000
-1% Price Drop
Initial Listing
Feb 21, 2026
$269,000
$274,000
-2% Price Drop
Initial Listing
Jan 23, 2026
$274,000
$279,000
-2% Price Drop
Initial Listing
Nov 30, 2025
$279,000
$284,500
-2% Price Drop
Initial Listing
Oct 28, 2025
$284,500
$295,000
-4% Price Drop
Initial Listing
Sep 16, 2025
$295,000
Initial Listing