
Palm Springs, California 92264
This Turnkey Condominium represents a Prime Investment Opportunity, listed at $269,000—positioned well below the $277,140 Fair Market Value by 2%. This valuation gap offers $8,140 in Instant Equity. Featuring a Mint Condition Rating with a newly remodeled kitchen and fee-simple ownership, this property provides immediate rental or lifestyle utility. With access to community pools, spas, and tennis courts, it is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5301 E Waverly Drive 178 Subject | $269,000* List Price | 1 | 2 | 887 | $312 | - |
A 5301 E Waverly Drive 172 Sold | $275,000 | 2 | 2 | 979 | $281 | 0.0 mi |
B 5175 E Waverly Drive F47 Sold | $240,000 | 1 | 2 | 887 | $271 | 0.2 mi |
C 5301 E Waverly Drive 222 Sold | $270,000 | 2 | 2 | 979 | $276 | 0.0 mi |
D 2700 Lawrence Crossley Road 41 Sold | $300,000 | 2 | 2 | 885 | $339 | 0.2 mi |
E 1553 Spyglass Sold | $310,000 | 1 | 2 | 951 | $326 | 0.9 mi |
F 5300 E Waverly Drive K4 Sold | $255,000 | 1 | 2 | 705 | $362 | 0.2 mi |
G 5125 E Waverly Drive B5 Sold | $280,000 | 1 | 2 | 901 | $311 | 0.2 mi |
H 2700 Lawrence Crossley Road 103 Sold | $265,000 | 2 | 2 | 885 | $299 | 0.2 mi |
I 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 new construction or fully renovated.
While built in 1979, the property has undergone a recent comprehensive renovation (likely <5 years) including a newly remodeled kitchen with modern shaker cabinets and stone countertops, updated bathrooms, fresh paint, and popcorn ceiling removal, making it mint and move-in ready.
A significant advantage in the Palm Springs market, this property is on fee simple land, meaning you own the land outright with no monthly land lease payments or expiration concerns.
The condo is move-in ready featuring a newly remodeled kitchen, updated bathrooms, and the removal of popcorn ceilings, offering a contemporary aesthetic that appeals to modern buyers.
The property boasts exceptional walkability to major retail hubs including Trader Joe's, Target, and Starbucks, as well as proximity to the Tahquitz Creek Golf Course.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 793.
Despite the flexible layout, the official one-bedroom configuration may limit the property's appeal to families or buyers specifically seeking a traditional multi-bedroom residence.
As an upstairs unit, the lack of ground-level access may be a deterrent for buyers with mobility concerns or those preferring the convenience of a walk-out patio.
This is the one you've been waiting for! Nestled in a sought-after South Palm Springs community, this bright, beautifully refreshed upstairs condo is move-in ready. Featuring fresh paint, smooth ceilings (popcorn removed), a newly remodeled kitchen, and updated bathrooms, it offers a clean, contemporary feel from day one. Soaring natural light pours through a dramatic skylight into the spacious living area, creating an open, airy ambiance. The generous primary suite provides a private retreat, while a separate guest bathroom and shower accommodate visiting friends or family. Need extra space? The open living layout can easily be converted into a second bedroom or home office. Step outside to your private balcony and enjoy peek-a-boo views of the sparkling community pool. Best of all, you own the land (fee simple) with no land lease! A covered assigned carport rounds out the package. Location is everything: you are just steps from Tahquitz Creek Golf Course, Trader Joe's, Target, Starbucks, restaurants, and everyday shopping. Excellent community amenities--including pools, spas, and tennis courts--paired with low HOA dues make this property an ideal vacation getaway, investment rental, or full-time desert retreat. Don't miss out!
No exterior & parking available.
Grades K-5 • 3.1 mi
Grades 6-8 • 4.6 mi
Grades K-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 887 | 1,199 |
| Lot Size | 871 | 1,742 |
| Price | $269.0K | $445.8K |
| Price per sq ft | $303 | $351 |
| Built year | 1979 | 1980 |
| HOA | $506.0 | $587 |
| Days on market | 40 | 67 |
Jun 12, 2026
$269,000
Initial Listing
May 28, 2015
$107,500
Public Record
Jan 27, 1994
$57,500
Public Record