5301 E Waverly Drive 124, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
5301 E Waverly Drive 124
Palm Springs, California 92264
Property Price
SUMMARY
Analysis of 5301 E Waverly Drive 124, Palm Springs, California 92264 is currently available with a list price of $269,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 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.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Investment Opportunity
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.
- Prime South Palm Springs Location
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.
- Modern Smart Home Integration
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.
CONSRISKS & DEFICIENCIES
- Compact Living Dimensions
With only 887 square feet for a two-bedroom configuration, the living space may feel restrictive for buyers seeking a more spacious primary residence.
- Market Stagnation
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.
About 5301 E Waverly Drive 124
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $510.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 3.0 mi
Raymond Cree Middle School
Grades 6-8 • 4.5 mi
Desert Learning Academy
Grades K-12 • 2.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 887 | 1,322 | 13% |
| Lot Size | - | 1,148 | 38% |
| Price | $269.0K | $450.0K | 11% |
| Price per sq ft | $303 | $328 | 35% |
| Built year | 1979 | 1977 | 60% |
| HOA | $510.0 | $624 | 26% |
| Days on market | 172 | 165 | 54% |
Pricing History
Listed for Sale
Feb 21, 2026
$269,000
$274,000
-2% Price Drop
Initial Listing
Price Change
Jan 23, 2026
$274,000
$279,000
-2% Price Drop
Initial Listing
Price Change
Nov 30, 2025
$279,000
$284,500
-2% Price Drop
Initial Listing
Price Change
Oct 28, 2025
$284,500
$295,000
-4% Price Drop
Initial Listing
Price Change
Sep 16, 2025
$295,000
Initial Listing