6054 Montecito 5, Palm Springs, California 92264, Palm Springs, 92264 - 4 bed, 3 bath
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Palm Springs, California 92264
This Versatile Four-Bedroom Townhouse in South Palm Springs is listed at $379,000, representing a rare high-occupancy asset within the gated Mountain Shadows community. With a $348,000 Fair Market Value, the list price reflects the property’s Short-Term Rental eligibility and optional Turnkey Furnished status. Maintaining a Condition Rating of 4, the residence offers Mountain and Desert Views and sits steps from the Tahquitz Creek Golf Resort. This property serves as a functional "plug-and-play" asset for Vacation Home Investors or Owner-Occupants prioritizing space and resort-style amenities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6054 Montecito 5 Subject | $355,000* List Price | 4 | 3 | 1,551 | $217 | - |
A 6000 Montecito Drive 4 Sold | $345,000 | 3 | 2 | 1,327 | $260 | 0.1 mi |
B 6263 E Driver Road Pending | $398,000 List Price | 2 | 2 | 1,549 | $257 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, this property is well-maintained and move-in ready but shows its age through dated architectural and interior features. While the living areas have been updated with large-format tile flooring and the home is offered turnkey, the bathrooms feature older tiled countertops and cabinetry styles typical of mid-to-late 20th-century construction. It fits the 'fair' criteria as an aged home that has been maintained through regular upkeep rather than a recent comprehensive renovation.
The property allows short-term rentals and is offered with an optional turnkey furnished package, making it an ideal 'plug-and-play' opportunity for investors or vacation home seekers in a high-demand market.
With 1,551 square feet and a rare four-bedroom configuration—including a convenient lower-level bedroom or den—this home offers exceptional flexibility for large families or remote work needs.
Situated in the gated Mountain Shadows community, the home provides resort-style living with multiple pools, spas, and mountain views, all while being steps from the Tahquitz Creek Golf Resort.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2000, other record lot size in square feet = 731.
Built in 1972, the property may require more frequent maintenance or future capital improvements to aging infrastructure compared to newer developments.
The $450 monthly association fee represents a significant fixed carrying cost that buyers must factor into their monthly budget and overall affordability.
Beautiful South Palm Springs condo in the gated Mountain Shadows community! This 4-bedroom, 2.5-bath home (1,551 SF) offers a flexible layout, including a desirable lower-level bedroom or den and a spacious upstairs primary suite with en-suite bath.The bright living area flows into a well-appointed kitchen with ample counter space and an adjacent dining area--perfect for everyday living or entertaining. Interior laundry and a private outdoor space add to the home's convenience, all just steps from the pool.Mountain Shadows features multiple pools and spas, scenic walking paths, and a prime location near shopping, dining, and Tahquitz Creek Golf Resort.Offered turnkey furnished (optional). Short-term rentals allowed--ideal for a primary residence, vacation home, or investment property. Covered parking plus an additional assigned space.Priced to sell--don't miss this opportunity!
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.5 | 83% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,551 | 1,750 | 33% |
| Lot Size | 2,000 | 1,200 | 58% |
| Price | $355.0K | $815.1K | 25% |
| Price per sq ft | $229 | $434 | 8% |
| Built year | 1972 | 2024 | 17% |
| HOA | $450.0 | $514 | 25% |
| Days on market | 35 | 127 | 17% |
Apr 16, 2026
$355,000
$379,000
-6% Price Drop
Initial Listing
Mar 18, 2026
$379,000
Initial Listing
Mar 1, 1994
$82,500
Public Record