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 Strong Value Opportunity is a turnkey condominium listed at $265,000, positioned well below the $283,702 Fair Market Value by 6%. This valuation gap provides $18,702 in Instant Equity. Featuring a Condition Rating of 2, the unit includes modern smart-home upgrades and a prime, walkable location near major retailers. With access to Palm Springs Unified schools and community amenities like a pool and spa, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready, low-maintenance lifestyle.
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 | $320 | - |
A 5125 E Waverly Drive B2 Sold | $245,000 | 2 | 2 | 932 | $263 | 0.2 mi |
B 2700 Lawrence Crossley Road 41 Sold | $300,000 | 2 | 2 | 885 | $339 | 0.3 mi |
C 5300 E Waverly Drive H11 Sold | $218,000 | 1 | 2 | 705 | $309 | 0.1 mi |
D 1553 Spyglass Sold | $310,000 | 1 | 2 | 951 | $326 | 0.9 mi |
E 5301 E Waverly Drive 172 Sold | $275,000 | 2 | 2 | 979 | $281 | 0.1 mi |
F 5175 E Waverly Drive F47 Sold | $240,000 | 1 | 2 | 887 | $271 | 0.1 mi |
G 5125 E Waverly Drive B5 Sold | $280,000 | 1 | 2 | 901 | $311 | 0.2 mi |
H 5300 E Waverly Drive K4 Sold | $255,000 | 1 | 2 | 705 | $362 | 0.1 mi |
I 2700 Lawrence Crossley 4 Active | $279,500 List Price | 2 | 2 | 885 | $316 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1979, the property is described as 'newly remodeled' and 'turnkey' with modern luxury upgrades, including remote systems and updated interiors, placing it in the category of a renovation less than 5 years old.
This newly remodeled unit is offered turnkey with most furniture and kitchen items included, providing a seamless move-in or immediate rental-ready opportunity for investors.
Ideally situated in South Palm Springs, the property is within walking distance to major retailers like Trader Joe’s and Target, as well as scenic hiking and walking trails.
Equipped with remote temperature control, remote door access, and a Ring camera, the unit offers modern security and convenience perfect for remote management.
The $510 monthly association fee is relatively high compared to the listing price, which may impact the net ROI for investors and monthly affordability for owners.
The description notes a 1-bedroom conversion, which may result in a non-traditional layout that could limit privacy or appeal for buyers specifically seeking two standard bedrooms.
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 |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 887 | 1,199 |
| Lot Size | - | 1,742 |
| Price | $265.0K | $445.8K |
| Price per sq ft | $299 | $351 |
| Built year | 1979 | 1980 |
| HOA | $510.0 | $587 |
| Days on market | 11 | 67 |
Jul 11, 2026
$265,000
Initial Listing
Dec 10, 2024
$250,000
Public Record
Nov 24, 2020
$175,000
Public Record
Jun 21, 2019
$175,000
Public Record
Aug 13, 2015
$128,000
Public Record
Jan 13, 2010
$115,000
Public Record
Mar 21, 2002
$86,500
Public Record