550 N Villa Court 205, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
550 N Villa Court 205
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 550 N Villa Court 205, Palm Springs, California 92262 is currently available with a list price of $186,500. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant modern updates to the most critical areas, including a fully renovated kitchen with new cabinetry and appliances, and a modernized bathroom with a glass-partitioned tile shower. While the 1981 construction and the seller's offer of a flooring credit suggest that some finishes like the main living area floors may require attention, the overall quality of the renovations and well-maintained condition align with the 'Good' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Renovations
The unit features a thoughtfully updated kitchen and bathroom with contemporary cabinetry, countertops, and tile work, providing a move-in-ready aesthetic that appeals to modern buyers.
- Scenic Mountain Views
The private covered balcony offers beautiful mountain and tree-top views, a highly sought-after feature in the Palm Springs market that enhances the property's value.
- Prime Location and Amenities
Situated minutes from downtown Palm Springs and the CV Link, the community offers robust amenities including multiple pools, tennis courts, and ample green space for pet owners.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $550 per month is relatively high for a 589-square-foot unit, which may impact the overall affordability and debt-to-income ratio for potential buyers.
- Limited Living Space
At under 600 square feet, the compact footprint of this one-bedroom condo may limit its appeal to full-time residents or those requiring significant storage and living area.
About 550 N Villa Court 205
Welcome to Palm Springs Villas I! This unit has been thoughtfully, modernly updated in all the right places. The kitchen was updated with cabinetry, counter tops, appliances, tile floor and lighting. The bathroom was completely updated as well with tile floor and tile shower with glass partition, updated sink and toilet as well. Painted throughout. Beautiful mountain and tree top views from the private covered balcony. The community features covered parking, multiple swimming pools and tennis courts. Plenty of green space for dog walking.This community is located minutes from Downtown Palm Springs near the CV Link, near many mountain hiking trails, the Tram, spas, golf courses and restaurants. So much to offer just minutes away. Seller to offer $1500 flooring credit with full priced offer. Furnishings are negotiable. Seller to review all offers.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $550.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Vista Del Monte Elementary School
Grades K-5 • 0.8 mi
Katherine Finchy Elementary School
Grades K-5 • 1.7 mi
Cahuilla Elementary School
Grades K-5 • 3.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 41% |
| Baths | 1.0 | 2.0 | 40% |
| Square foot | 589 | 1,051 | 24% |
| Lot Size | - | 500 | 45% |
| Price | $186.5K | $330.0K | 16% |
| Price per sq ft | $317 | $341 | 38% |
| Built year | 1981 | 1982 | 45% |
| HOA | $550.0 | $532 | 52% |
| Days on market | 24 | 173 | 1% |
Pricing History
Listed for Sale
Mar 3, 2026
$186,500
$188,000
-1% Price Drop
Initial Listing
Price Change
Feb 11, 2026
$188,000
Initial Listing
Sold
Mar 4, 2022
$199,000
Public Record
Sold
Nov 25, 2020
$143,000
Public Record
Sold
Apr 4, 2017
$97,000
Public Record
Sold
May 31, 2016
$98,000
Public Record
Sold
Feb 27, 2013
$39,000
Public Record