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 Central Palm Springs Fixer-Upper is a strategic Value-Add Asset listed at $700,000, positioned relative to its $616,990 Fair Market Value. Currently holding a Condition Score of 4, the residence requires cosmetic modernization to unlock its full potential. The property sits on a substantial 9,148 sqft lot with iconic Mountain Views and ample space for a private pool. Located within the Palm Springs Unified district with a land lease extended to 2066, it offers a unique entry point into a premium market. This is an ideal opportunity for Fix-and-Flip Investors or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 552 N Orchid Tree Lane Subject | $700,000* List Price | 3 | 2 | 1,270 | $486 | - |
A 1065 E San Jacinto Way Sold | $875,000 | 2 | 2 | 1,664 | $526 | 1.0 mi |
B 765 N Paseo De Anza Sold | $605,000 | 2 | 2 | 1,541 | $393 | 0.7 mi |
C 445 N Farrell Active | $755,000 List Price | 4 | 2 | 1,457 | $518 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, this property is accurately marketed as a 'fixer-up.' While it features some functional updates such as granite countertops and a stainless steel dishwasher in the galley kitchen, the overall condition is dated. The Saltillo tile flooring, bathroom vanities, and ornate light fixtures reflect older styles that haven't seen a full renovation in decades. The home appears well-maintained and livable, but requires cosmetic modernization to meet current 'excellent' or 'good' 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.
Situated on a quiet cul-de-sac in Central Palm Springs, this property offers a peaceful residential setting while remaining conveniently close to downtown dining, shopping, and entertainment.
The expansive 9,148 sqft lot provides ample space for future development, including the addition of a private pool, and features desirable west-facing mountain views.
As a lease land property, the buyer does not own the underlying land, which can be a deterrent for some investors and may impact long-term appreciation compared to fee-simple ownership.
The property is marketed as a 'fixer-up,' suggesting that immediate capital investment is necessary to modernize the 1977 interior and maximize its market value.
Live the Palm Springs, CA lifestyle today. This property is centrally located on a quiet cul-de-sac and ready for you to fix up or move in. Lot large enough for a pool, but for now there isn't a costly 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. 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 also reduces your 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 | 2.0 | 50% |
| Square foot | 1,270 | 1,909.5 | 10% |
| Lot Size | 9,148 | 9,583 | 46% |
| Price | $700.0K | $875.0K | 34% |
| Price per sq ft | $551 | $483 | 65% |
| Built year | 1977 | 1986 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 185 | 1% |
Mar 27, 2026
$700,000
Initial Listing