5301 E Waverly, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
Loading property details...
Palm Springs, California 92264
This Turnkey Desert Sanctuary is listed at $435,000, representing a stable valuation for a fully modernized, end-unit residence. While the Fair Market Value is $383,919, the home’s Condition Rating of 2 and extensive upgrades—including a remodeled quartz kitchen and designer bathrooms—justify the value for those seeking a Move-in Ready transition. Featuring a rare wraparound patio, short-term rental potential, and proximity to Palm Springs High School in the Palm Springs Unified district, the property offers a premium lifestyle. This fully furnished home is an ideal match for Owner-Occupants or second-home buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5301 E Waverly Subject | $405,000* List Price | 2 | 2 | 979 | $373 | - |
A 2700 Lawrence Crossley Road 41 Sold | $300,000 | 2 | 2 | 885 | $339 | 0.2 mi |
B 1553 Spyglass Sold | $310,000 | 1 | 2 | 951 | $326 | 0.9 mi |
C 2302 Los Patos Drive Sold | $415,000 | 2 | 2 | 1,092 | $380 | 0.4 mi |
D 2480 S Linden Way F Sold | $425,000 | 2 | 2 | 1,180 | $360 | 0.6 mi |
E 47 Portola Drive Sold | $340,000 | 2 | 2 | 1,125 | $302 | 0.6 mi |
F 5805 Los Coyotes Drive Sold | $410,000 | 2 | 2 | 1,092 | $375 | 0.5 mi |
G 2542 Miramonte E B Active Under Contract | $425,000 List Price | 2 | 2 | 1,155 | $368 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1979, the property has undergone an extensive recent renovation within the last 5 years. The interior features a fully remodeled kitchen with modern quartz countertops, custom cabinetry, and stainless steel appliances. Both bathrooms have been upgraded with contemporary vessel sinks, rain shower heads, and designer tile work. Additional high-quality updates include large-format tile flooring, recessed lighting, dual-pane windows, and plantation shutters, meeting the criteria for a turnkey, like-new condition.
The property is fully furnished and features high-quality upgrades, including a remodeled kitchen with quartz countertops and updated bathrooms, making it move-in or rental-ready.
As a ground-floor end unit, this residence offers enhanced privacy and a rare, expansive wraparound patio that maximizes the indoor-outdoor desert lifestyle.
The community allows short-term rentals (5-day minimum) and provides resort-style amenities including four pools, tennis, and pickleball courts adjacent to a golf course.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 979, other record living area = 1042.
At 979 square feet for a two-bedroom layout, the interior living spaces may feel somewhat confined compared to larger units in the area.
The property is listed as having no specific views, which may be a disadvantage in a market where mountain or golf course vistas are highly coveted.
Don’t miss this rare, turn-key short-term rental investment in one of Palm Springs’ most desirable locations. The HOA allows short-term rentals with a minimum of just 5 days, and—critically for investors—short-term rental permits are currently available, making this property ready for the rental market immediately. Positioned in the sought-after south Palm Springs corridor, this impeccably maintained, fully furnished 2-bedroom, 2-bath ground-floor residence is guest-ready and designed to maximize bookings. As a private end unit, it offers the tranquility that today’s STR guests demand, complete with an expansive wraparound patio that delivers the quintessential indoor-outdoor desert living experience your five-star reviews will be built on. The interior checks every box for premium rental appeal: a remodeled chef's kitchen with quartz countertops, custom cabinetry, and stainless steel appliances; two tastefully upgraded bathrooms with modern finishes; and plantation shutters and energy-efficient shading to ensure a quiet, climate-controlled stay. A full-size washer and dryer add the practical convenience that longer-stay guests expect. Resort-style amenities elevate your listing’s competitive edge, featuring four pools and spas, plus tennis and pickleball courts. Located adjacent to Tahquitz Creek Golf Resort, the beautifully maintained setting photographs perfectly to help command higher nightly rates. The community is also pet-friendly, opening your rental up to the highly lucrative pet-owner market. HOA dues cover water, trash, and grounds maintenance, and assigned covered parking is included. Fully furnished. Permits available. HOA STR-friendly. Immediate STR income potential. Opportunities like this in South Palm Springs don’t last.
No exterior & parking available.
Grades K-5 • 3.1 mi
Grades 6-8 • 4.5 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 | 1,385.5 | 16% |
| Lot Size | 933 | 871 | 54% |
| Price | $405.0K | $488.5K | 31% |
| Price per sq ft | $414 | $359 | 72% |
| Built year | 1979 | 1977 | 59% |
| HOA | $506.0 | $620 | 17% |
| Days on market | 72 | 151 | 7% |
May 29, 2026
$405,000
$415,000
-2% Price Drop
Initial Listing
May 14, 2026
$415,000
$435,000
-5% Price Drop
Initial Listing
Mar 27, 2026
$435,000
Initial Listing
Sep 5, 2024
$339,000
Public Record
Apr 11, 1994
$55,000
Public Record