5301 E Waverly Drive 199, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 2 bath
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Palm Springs, California 92264
This Value-Add Desert Condominium offers a strategic entry point into the South Palm Springs market with a List Price of $249,000. Positioned relative to a $227,680 Fair Market Value, the property’s appeal is driven by its rare two-bathroom configuration and sought-after Mountain and Pool Views. Holding a Condition Rating of 4, the dated interior presents a clear opportunity for forced appreciation through cosmetic modernization. Located in the Palm Springs Unified district near Palm Springs High School, this asset is perfectly suited for Buy-and-Hold Investors or first-time buyers looking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5301 E Waverly Drive 199 Subject | $249,000* List Price | 1 | 2 | 887 | $251 | - |
A 5301 E Waverly Drive 172 Sold | $275,000 | 2 | 2 | 979 | $281 | 0.0 mi |
B 5301 E Waverly Drive 222 Sold | $270,000 | 2 | 2 | 979 | $276 | 0.0 mi |
C 5994 Fairway Circle Sold | $235,000 | 1 | 2 | 951 | $247 | 0.9 mi |
D 5175 E Waverly Drive F47 Sold | $240,000 | 1 | 2 | 887 | $271 | 0.2 mi |
E 5125 E Waverly Drive B11 Sold | $265,000 | 2 | 2 | 887 | $299 | 0.2 mi |
F 1663 Fairway Circle Sold | $249,000 | 1 | 2 | 951 | $262 | 0.8 mi |
G 5301 E Waverly Drive 140 Active | $284,900 List Price | 2 | 2 | 979 | $291 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, the property appears well-maintained but significantly dated. The kitchen and bathrooms feature older white cabinetry, laminate/tile counters, and gold-trimmed shower doors and mirrors consistent with 20-30 year old finishes. While functional and move-in ready, it requires cosmetic updates to systems and interiors to meet modern standards.
The property boasts stunning mountain and pool views in the highly desirable South End of Palm Springs, offering a quintessential resort-style living experience.
Featuring a rare two-bathroom configuration for a one-bedroom unit, the floor plan provides superior convenience for guests and increased privacy for the owner.
Listed at $249,000, this condo represents an accessible entry-level opportunity for the Palm Springs market, ideal for first-time buyers or investment seekers.
The association fee of $506 per month is relatively high for a one-bedroom unit, which may impact the overall monthly affordability and debt-to-income ratios for buyers.
Built in 1979, the property may require capital improvements or interior modernizations to compete with newer developments in terms of energy efficiency and contemporary finishes.
Welcome to resort-style living in the heart of Palm Springs! Located in the desirable Palm Canyon Villas, this beautifully situated 1-bedroom, 2-bath condo offers 887 square feet of comfortable living space.Enjoy the true Palm Springs lifestyle with breathtaking mountain views, swaying palm trees, and an unbeatable setting just minutes from shopping, dining, and entertainment. The thoughtfully designed layout provides a spacious feel, perfect for both relaxing and entertaining, with the added convenience of a second bathroom for guests.Surrounded by lush landscaping, palm trees, and stunning mountain views, this community captures everything people love about desert living.Whether you're looking for a full-time residence, weekend getaway, or investment opportunity, this condo checks all the boxes.Priced to sell--don't miss your chance to own a piece of paradise!
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 13% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 887 | 1,385.5 | 13% |
| Lot Size | - | 816.5 | 46% |
| Price | $249.0K | $488.5K | 7% |
| Price per sq ft | $281 | $358 | 21% |
| Built year | 1979 | 1977 | 59% |
| HOA | $506.0 | $620 | 17% |
| Days on market | 47 | 150 | 3% |
Apr 21, 2026
$249,000
Initial Listing
Feb 26, 2016
$145,500
Public Record
Mar 11, 2013
$100,000
Public Record
May 14, 2004
$157,500
Public Record
Oct 26, 1995
$55,500
Public Record
May 27, 1994
$56,500
Public Record