6134 Arroyo Road 3, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 2 bath
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Palm Springs, California 92264
This Turnkey Condominium represents a High-Potential Investment Opportunity, listed at $410,000—positioned above the $383,609 Fair Market Value. While priced slightly above market, the property offers significant utility as a Fee Simple Asset with Short-Term Rental Eligibility in Palm Springs. Featuring a Condition Rating of 3, the home includes modern updates, vaulted ceilings, and Private Patios with Park/Greenbelt Views. This property is an ideal acquisition for Buy-and-Hold Investors or Second-Home Buyers seeking a fully furnished, resort-style retreat in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6134 Arroyo Road 3 Subject | $410,000* List Price | 3 | 2 | 1,327 | $289 | - |
A 6134 Arroyo Road 4 Sold | $325,000 | 2 | 2 | 1,327 | $245 | 0.0 mi |
B 1740 Firestone Plaza Sold | $430,000 | 3 | 2 | 1,545 | $278 | 0.3 mi |
C 2240 E Miramonte Circle C Sold | $450,000 | 3 | 2 | 1,404 | $321 | 1.0 mi |
D 6087 Montecito Circle 4 Sold | $355,000 | 4 | 3 | 1,551 | $229 | 0.1 mi |
E 5985 Spoon Road Sold | $350,000 | 2 | 2 | 1,549 | $226 | 0.3 mi |
F 67 Portola Drive Sold | $429,000 | 3 | 2 | 1,487 | $289 | 0.2 mi |
G 6176 Arroyo Road 5 Active | $383,000 List Price | 4 | 3 | 1,551 | $247 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1972, the property has undergone significant cosmetic updates including modern wide-plank flooring and barn doors. The interior is well-maintained and marketed as a turnkey opportunity, suggesting renovations within the 5-15 year range that make it move-in ready.
Unlike many properties in Palm Springs that are on leased land, this home is situated on FEE land, meaning you own the land outright, which simplifies financing and enhances long-term equity.
The property is sold fully furnished and is located in a community that allows short-term rentals, offering an immediate 'turnkey' opportunity for vacation rental investors or second-home buyers.
The interior features vaulted, beamed ceilings and an open floor plan that creates a bright, airy atmosphere, capturing the sought-after mid-century desert aesthetic.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 1053. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
With three bedrooms but only 1.5 bathrooms, the configuration may be less convenient for larger groups or families compared to standard 3-bedroom/2-bathroom homes.
The $500 monthly association fee adds a significant recurring expense to the carrying costs, which may impact the net return on investment for some buyers.
Stunning Home in Mountain Shadows Community – South Palm Springs Discover an incredible opportunity to own your own slice of paradise in the highly desirable Mountain Shadows community. This gated neighborhood offers resort-style living with six sparkling pools, tennis courts, and a prime location adjacent to the scenic Tahquitz Creek Golf Course. Step inside this beautifully maintained 3-bedroom, 1.5-bathroom home, where an airy open floor plan welcomes you. Vaulted, beamed ceilings create a bright and inviting atmosphere, adding both charm and architectural character to the main living space. Enjoy seamless indoor-outdoor living with two private patios—perfect for entertaining guests or relaxing in the peaceful desert surroundings. Situated on FEE land (you own the land), this property also offers excellent potential as a short-term rental, ( you can registered with the City of Palm Springs) making it an ideal investment opportunity or vacation retreat. The community is meticulously maintained and offers a true resort-style lifestyle you won’t want to miss. Bonus: All furniture and appliances are included, making this a turnkey opportunity!
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades 6-8 • 1.7 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 71% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,327 | 1,385.5 | 46% |
| Lot Size | 871 | 871 | 50% |
| Price | $410.0K | $488.5K | 32% |
| Price per sq ft | $309 | $358 | 29% |
| Built year | 1972 | 1977 | 30% |
| HOA | $500.0 | $620 | 15% |
| Days on market | 0 | 150 | 0% |
May 13, 2026
$410,000
Initial Listing
Mar 28, 2022
$420,000
Public Record
Aug 12, 2021
$339,000
Public Record