5503 Los Coyotes Drive 38, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
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Palm Springs, California 92264
This Uniquely Positioned Former Model Home is listed at $389,000, representing a stable lifestyle investment relative to its $343,324 Fair Market Value. The property’s most significant advantage is Fee Simple Land Ownership, offering superior security and financing options compared to local lease land. While maintaining a Fair Condition Rating with a vintage aesthetic, the home features Spectacular Mountain and Golf Views and access to premier Resort-Style Amenities including 11 pools and tennis courts. This residence is a perfect match for Owner-Occupants or Seasonal Residents seeking a high-quality desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5503 Los Coyotes Drive 38 Subject | $389,000* List Price | 2 | 2 | 1,066 | $322 | - |
A 5300 Los Coyotes Drive Sold | $320,000 | 2 | 2 | 1,066 | $300 | 0.0 mi |
B 21 Pueblo Vista Drive Sold | $340,000 | 2 | 1 | 1,125 | $302 | 0.2 mi |
C 47 Portola Drive Sold | $340,000 | 2 | 2 | 1,125 | $302 | 0.3 mi |
D 5805 Los Coyotes Drive Sold | $410,000 | 2 | 2 | 1,092 | $375 | 0.2 mi |
E 5723 Los Coyotes Drive Sold | $328,000 | 2 | 2 | 1,092 | $300 | 0.2 mi |
F 4455 E Seven Lakes Drive #f Sold | $395,000 | 2 | 2 | 1,180 | $335 | 0.7 mi |
G 5798 Los Coyotes Active Under Contract | $315,000 List Price | 2 | 2 | 1,066 | $295 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property is exceptionally well-maintained and move-in ready, it retains a significantly dated 'country cottage' aesthetic consistent with the 'Fair' rating criteria. The kitchen features older white appliances, laminate-style countertops, and dated cabinetry, while the bathrooms show older fixtures and floral wallpaper. Although the HVAC system is recently updated, the overall interior finishes—including the flooring and light fixtures—reflect a style from several decades ago and lack the modern updates required for a 'Good' or 'Excellent' rating.
Unlike many properties in Palm Springs that are on Indian Lease Land, this home is on land you own, offering greater investment security and easier financing options.
The west-facing orientation provides spectacular, unobstructed views of the mountains and golf course, maximizing the appeal of the desert's iconic sunset scenery.
As the former community model, this unit features rare upgrades such as a large concrete storage shed, higher privacy walls on the back patio, and a prime location near guest parking.
The 1973 construction and 'country cottage' interior style may require significant cosmetic updates to meet the expectations of buyers seeking a modern desert aesthetic.
At $520 per month, the association fees represent a substantial recurring carrying cost that may impact the overall affordability for budget-conscious buyers.
Spectacular west facing mountain and golf course views set the stage for this charming South Palm Springs condominium, originally designed as the community's model home and offering unique features not typically found in other units. Set on land you own (no land lease), this beautifully maintained 2 bedroom, 2 bath residence features a warm country cottage aesthetic with a cozy gas fireplace, inviting living spaces, large windows that frame the stunning scenery, and a recently updated HVAC system for added comfort and efficiency. Outdoor living is a true highlight of this home. The front patio captures the spectacular mountain and golf course views and offers plenty of space for outdoor dining, relaxing, and enjoying Palm Springs' famous sunsets. In addition, a separate and private back patio features higher walls than other units along with a convenient side gate, creating a peaceful and functional outdoor space. A rare bonus feature is the concrete block storage shed, large enough for bicycles, golf gear, and pool floats, making it easy to enjoy the active desert lifestyle. Additional guest parking nearby adds convenience, another benefit of this home's original placement as the model. The community offers resort style amenities including multiple pools and spas, tennis courts, pickleball courts, and beautifully maintained grounds. Ideally located in South Palm Springs, the property is just minutes from world class golf, hiking trails, dining, shopping, and the vibrant downtown Palm Springs scene. A rare opportunity to own a uniquely positioned former model home with exceptional mountain views in one of Palm Springs' most desirable locations. Schedule your private showing today.
No exterior & parking available.
Grades K-5 • 3.2 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 | 1,066 | 1,392 | 18% |
| Lot Size | - | 871 | 44% |
| Price | $389.0K | $485.0K | 30% |
| Price per sq ft | $365 | $348 | 56% |
| Built year | 1973 | 1976 | 40% |
| HOA | $520.0 | $624 | 25% |
| Days on market | 42 | 156 | 3% |
Apr 16, 2026
$389,000
$399,000
-3% Price Drop
Initial Listing
Mar 11, 2026
$399,000
Initial Listing
Feb 25, 2011
$200,000
Public Record