552 N Orchid Tree Lane, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
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Palm Springs, California 92262
This property presents a High-Potential Investment Opportunity with a List Price of $600,000—positioned well below the $505,863 Fair Market Value by -18%. While the home requires cosmetic updates, its Fair Condition Rating and 9,148 sqft lot provide a solid foundation for value-add renovations. Featuring an updated galley kitchen and mountain views, the property offers a functional, single-level layout on a quiet cul-de-sac. This asset is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking to capitalize on the significant lot size and central Palm Springs location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 552 N Orchid Tree Lane Subject | $600,000* List Price | 3 | 2 | 1,270 | $398 | - |
A 2250 Tamarisk Sold | $656,000 | 3 | 2 | 1,516 | $433 | 0.2 mi |
B 533 N Sunrise Way Sold | $420,000 | 2 | 2 | 1,234 | $340 | 0.5 mi |
C 445 N Farrell Active | $689,000 List Price | 4 | 2 | 1,457 | $473 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, this property is dated and explicitly marketed as a 'fix up' or 'investor opportunity.' While the galley kitchen features some updates like granite countertops and stainless steel appliances (likely 15+ years old), the rest of the home—including the Saltillo tile, worn carpeting, and original architectural details—requires significant cosmetic updates and minor repairs to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 1270.
Priced competitively following significant price reductions, this property presents a prime opportunity for investors or flippers to add value on a substantial 9,148 sqft lot.
Situated on a quiet cul-de-sac in Central Palm Springs, the home offers desirable mountain views and a west-facing orientation that captures the iconic desert aesthetic.
The property is located on leased land rather than fee simple, which may limit financing options and impact long-term equity growth compared to land-owned properties.
The absence of an existing swimming pool is a significant drawback in the Palm Springs market, requiring the buyer to undertake the cost and time of construction to meet local lifestyle expectations.
This property is centrally located on a quiet cul-de-sac and ready for you to fix up or move in. This property is priced to sell and is a great investor opportunity. Lot large enough for a pool, but for now there isn't a pool to maintain, just a great open living space and back yard. Finished 2 car garage with laundry and direct access to the living room. Two baths and three bedrooms with living room, dining room, sun room and galley kitchen that has been updated. Ground floor, no steps. All fees paid and land lease extended to 2066 at reasonable COL adjustments every 5 years. Lease land is a better buy than owning the land, it reduces property taxes. West facing with sun rising in east makes the enclosed patio the perfect place to enjoy morning breakfast from the nearby galley kitchen. A great buy in central Palm Springs.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,270 | 1,939 | 11% |
| Lot Size | 9,148 | 9,583 | 46% |
| Price | $600.0K | $875.0K | 20% |
| Price per sq ft | $472 | $485 | 47% |
| Built year | 1977 | 1986 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 72 | 180 | 11% |
May 8, 2026
$600,000
$650,000
-8% Price Drop
Initial Listing
Apr 23, 2026
$650,000
$700,000
-7% Price Drop
Initial Listing
Mar 27, 2026
$700,000
Initial Listing