588 E San Lorenzo Road 105, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath
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Palm Springs, California 92264
This Turnkey Condominium is a High-Potential Investment Opportunity, listed at $589,000—positioned above the $527,875 Fair Market Value. Despite the premium, the property offers a Mint Condition Rating with a modern renovation, including a custom outdoor kitchen and high-end finishes. The rare 998-square-foot wraparound patio with a private waterfall provides an unmatched lifestyle experience. Situated on Fee Land within the Palm Springs Unified district, this residence is an ideal acquisition for Owner-Occupants seeking a luxury retreat or Buy-and-Hold Investors prioritizing long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 588 E San Lorenzo Road 105 Subject | $589,000* List Price | 2 | 2 | 1,068 | $494 | - |
A 588 E San Lorenzo Road 102 Sold | $549,000 | 2 | 2 | 1,066 | $515 | 0.0 mi |
B 588 E San Lorenzo Road 206 Sold | $599,000 | 2 | 2 | 1,275 | $470 | 0.0 mi |
C 1111 E Ramon Road 104 Sold | $444,000 | 2 | 2 | 1,069 | $415 | 0.5 mi |
D 1111 E Ramon Road 37 Sold | $440,000 | 2 | 2 | 1,069 | $412 | 0.6 mi |
E 1111 Ramon Road 39 Sold | $485,000 | 2 | 2 | 1,069 | $454 | 0.6 mi |
F 588 E San Lorenzo Road 104 Pending | $599,000 List Price | 2 | 2 | 1,059 | $566 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1966, the unit has undergone a comprehensive modern renovation within the last 5 years. The kitchen features contemporary dark wood cabinetry, quartz countertops, and high-end stainless steel appliances. Bathrooms have been updated with modern walk-in showers and tile. The property includes updated lighting, flooring, and a custom outdoor kitchen, putting it in mint, move-in-ready condition.
This rare corner unit features a massive 998-square-foot wraparound patio with a private waterfall, offering nearly double the usable living space and stunning mountain views.
The property is situated on fee land, a significant advantage in Palm Springs that provides higher long-term value and easier financing compared to lease land.
The north-facing rear patio provides essential year-round shade and natural airflow, while the corner location and mature landscaping ensure maximum privacy.
Built in 1966, the property may have original mechanical systems or insulation standards that require updates to meet modern energy efficiency expectations.
The monthly association fee of $598 represents a significant ongoing carrying cost that buyers must factor into their overall monthly budget.
Unit 105 at Querencia Palms is a furnished corner-unit offering privacy, value, and expansive outdoor living. One of only two with this floor plan, it features a wraparound backyard with a private waterfall and approximately 998 square feet of combined front and rear patio space. Sliding doors from both bedrooms open directly to the outdoor areas, with palm tree and mountain views creating a classic Palm Springs setting. The north-facing rear patio provides year-round shade and natural airflow, helping keep the interior cool and comfortable. The kitchen overlooks mature Palo Verde trees for added privacy. Located in a boutique, resort-style community with pool, spa, koi pond, and manicured grounds, just minutes from Downtown Palm Springs. Offered furnished on fee land with two parking spaces.
No exterior & parking available.
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 | 1,068 | 1,385.5 | 19% |
| Lot Size | - | 816.5 | 46% |
| Price | $589.0K | $492.0K | 64% |
| Price per sq ft | $551 | $359 | 90% |
| Built year | 1966 | 1977 | 13% |
| HOA | $598.0 | $620 | 41% |
| Days on market | 38 | 150 | 1% |
Apr 30, 2026
$589,000
Initial Listing
Jan 15, 2025
$3,850,000
Public Record