575 N Villa Court, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
Loading property details...
Palm Springs, California 92262
This ground-floor condo represents a High-Potential Investment Opportunity, listed at $215,000—positioned well above the $182,690 Fair Market Value by -17%. Featuring a Condition Rating of 3, the unit includes modern tile flooring and an upgraded kitchen. With a tenant currently in place, this asset provides immediate rental income. The community offers resort-style amenities, including pools and tennis courts, near the San Jacinto mountains. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey, income-generating desert residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 575 N Villa Court Subject | $195,000* List Price | 1 | 1 | 589 | $317 | - |
A 470 N Villa Court 107 Sold | $158,000 | 1 | 1 | 589 | $268 | 0.1 mi |
B 420 N Villa Court 103 Sold | $162,000 | 1 | 1 | 589 | $275 | 0.2 mi |
C 420 N Villa Court 107 Sold | $155,000 | 1 | 1 | 589 | $263 | 0.2 mi |
D 2809 E Los Felices Circle E 207 Sold | $145,000 | 1 | 1 | 589 | $246 | 0.1 mi |
E 2857 N Los Felices Road 203 Sold | $225,000 | 1 | 1 | 589 | $382 | 0.1 mi |
F 2857 N Los Felices Road 210 Sold | $225,000 | 1 | 1 | 589 | $382 | 0.1 mi |
G 550 N Villa Court 205 Active | $184,900 List Price | 1 | 1 | 589 | $314 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1981, the property has undergone a mid-range renovation (estimated 5-15 years ago) featuring modern tile flooring, stainless steel kitchen appliances, and an updated bathroom vanity. It appears well-maintained, functional, and move-in ready.
The property currently has a tenant in place, providing an excellent opportunity for investors to secure instant rental income and cash flow from the date of purchase.
The condo features significant interior improvements, including an upgraded kitchen with stainless steel appliances, a modernized bathroom vanity, and contemporary tile flooring throughout.
Located in Palm Springs Villas I, residents have access to premium amenities including multiple swimming pools, tennis courts, and beautifully landscaped park-like grounds in a pet-friendly environment.
The monthly association fee of $550 is relatively high for a 589-square-foot unit at this price point, which may affect the debt-to-income ratio for some buyers.
At under 600 square feet, the compact living space may limit the property's appeal to long-term residents or those requiring additional storage and room for entertaining.
Set against the palm trees and the San Jacinto mountains, this ground-floor condo at Palm Springs Villas I offers casual desert living just minutes from downtown. Inside, a bright open layout features modern tile flooring, an area that can be used for dining, along with sliding glass doors leading to a cozy patio space. The kitchen is upgraded with stainless steel appliances, and the bathroom has an upgraded sink and vanity. The bedroom is large with plenty of closet space. Outside, enjoy resort-style amenities including multiple pools, tennis courts, and a lush park like setting in a pet-friendly community, Ideal as a full-time residence, weekend escape, or investment opportunity. This unit has a current tenant so that the unit provides instant income if an investment is what you are looking for. Minutes away from the Palm Springs Aerial Tram, restaurants, shopping and award winning golfing!
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.7 mi
Grades K-5 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 34% |
| Baths | 1.0 | 2.0 | 35% |
| Square foot | 589 | 1,139 | 20% |
| Lot Size | - | 436 | 45% |
| Price | $195.0K | $350.0K | 16% |
| Price per sq ft | $331 | $343 | 44% |
| Built year | 1981 | 1981 | 50% |
| HOA | $550.0 | $550 | 50% |
| Days on market | 25 | 160 | 1% |
Jun 11, 2026
$195,000
$210,000
-7% Price Drop
Initial Listing
Jun 3, 2026
$210,000
$215,000
-2% Price Drop
Initial Listing
May 20, 2026
$215,000
Initial Listing
Jun 4, 2004
$125,000
Public Record