5301 E Waverly Drive 172, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
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Palm Springs, California 92264
This Updated Resort-Style Condominium is a Strong Value Opportunity, listed at $275,000—positioned well below the $287,064 Fair Market Value by 4%. This valuation gap offers $12,064 in Instant Equity for buyers. Boasting a Condition Rating of 3, the residence features a newer HVAC system (2022), stainless appliances, and stunning mountain views. With short-term rentals allowed and proximity to Palm Springs High School, the property balances lifestyle amenities with strong income potential. This is an ideal acquisition for vacation rental investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5301 E Waverly Drive 172 Subject | $275,000* List Price | 2 | 2 | 979 | $293 | - |
A 5301 E Waverly Drive 222 Sold | $270,000 | 2 | 2 | 979 | $276 | 0.0 mi |
B 47 Portola Drive Sold | $340,000 | 2 | 2 | 1,125 | $302 | 0.5 mi |
C 5125 E Waverly Drive B5 Sold | $280,000 | 1 | 2 | 901 | $311 | 0.2 mi |
D 5920 Paradise Plaza Sold | $310,000 | 2 | 2 | 1,168 | $265 | 0.8 mi |
E 5125 E Waverly Drive B11 Sold | $265,000 | 2 | 2 | 887 | $299 | 0.2 mi |
F 2700 Lawrence Crossley Road 103 Sold | $265,000 | 2 | 2 | 885 | $299 | 0.2 mi |
G 5301 E Waverly Drive 183 Active | $279,000 List Price | 2 | 2 | 887 | $315 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property, built in 1979, has been updated with newer stainless steel appliances and a newer HVAC system (2022), indicating good maintenance. The kitchen appears functional with modern appliances, and the bathroom has a renovated shower with stylish tile work. Flooring appears to be in good condition. While not a recent full renovation, the updates and overall presentation suggest a move-in ready condition with minimal immediate concerns.
The community offers a true resort-style living experience with four swimming pools, four spas, and four tennis/pickleball courts, all set within beautifully landscaped grounds and offering stunning mountain views.
The property features a newer HVAC system installed in 2022 and newer stainless steel appliances, providing modern comfort and reducing immediate maintenance concerns.
Ideally situated in South Palm Springs, close to Tahquitz Creek Golf Resort and offering convenient access to shopping, dining, and the vibrant lifestyle of Palm Springs.
As a condominium, the property is subject to monthly HOA dues, which can impact overall affordability and may have restrictions on modifications.
Being an upstairs unit may present accessibility challenges for some individuals and could be less desirable for those seeking single-level living.
Built in 1979, while updated, the underlying structure and potential for deferred maintenance in other areas of the complex should be considered.
This upstairs 2-bedroom, 2-bath residence is updated and ideally located within the desirable Palm Canyon Villas community in South Palm Springs. The complex is comprised of 224 one- and two-bedroom homes set across 13 acres of lush, beautifully landscaped grounds. Residents enjoy a true resort-style setting with four expansive swimming pools, four spas, and four professionally maintained tennis and pickleball courts, all framed by stunning mountain views. The home features in-unit laundry, newer stainless steel appliances, a newer HVAC system (2022) for year-round comfort, and one covered plus one uncovered assigned parking space. Monthly HOA dues include water, trash, and meticulous grounds maintenance. Short term rentals allowed with a minimum of a 5 day stay. Ideally situated near Tahquitz Creek Golf Resort, with convenient access to shopping, dining, and the best of Palm Springs living.
No exterior & parking available.
Grades K-5 • 3.1 mi
Grades 6-8 • 4.6 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 | 979 | 1,392 | 15% |
| Lot Size | - | 871 | 44% |
| Price | $275.0K | $485.0K | 13% |
| Price per sq ft | $281 | $347 | 19% |
| Built year | 1979 | 1976 | 61% |
| HOA | $506.0 | $624 | 15% |
| Days on market | 81 | 157 | 13% |
Mar 28, 2026
$275,000
$295,000
-7% Price Drop
Initial Listing
Feb 1, 2026
$295,000
Initial Listing
Jul 22, 2016
$171,500
Public Record
Apr 19, 2012
$95,500
Public Record
Jun 16, 2006
$240,000
Public Record