
Palm Springs, California 92264
This property presents a High-Potential Investment Opportunity with a List Price of $389,000—positioned well above the $376,366 Fair Market Value by -3%. Featuring a Fair Condition Rating, the home requires kitchen and bath renovations, offering a clear path to forced appreciation. The property includes a sunken wet bar, soaring ceilings, and access to resort-style amenities like golf and tennis. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to personalize a spacious condo in a prime Palm Springs location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6735 Harwood Circle Subject | $389,000* List Price | 2 | 2 | 1,486 | $253 | - |
A 7523 Regency Drive Sold | $413,000 | 2 | 2 | 1,486 | $278 | 0.4 mi |
B 7562 Regency Drive Sold | $447,000 | 3 | 2 | 1,828 | $245 | 0.4 mi |
C 7601 Calle Mazamitla Sold | $421,000 | 2 | 2 | 1,769 | $238 | 0.3 mi |
D 6134 Arroyo Road 4 Sold | $325,000 | 2 | 2 | 1,327 | $245 | 0.5 mi |
E 7571 Calle Mazamitla Sold | $450,000 | 3 | 2 | 1,841 | $244 | 0.3 mi |
F 6724 Greenwood Circle Active | $410,000 List Price | 2 | 2 | 1,486 | $276 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991 (33 years old), the property is in original condition and dated. While functional and clean, the listing explicitly mentions the need for kitchen and bath renovations to modernize the space, fitting the criteria for a property over 20 years old needing updates.
Located within the Cathedral Canyon Country Club, the property offers access to 450 acres of grounds including a golf course, 10 tennis courts, and multiple pools and spas.
The interior features a large Great Room with soaring ceilings and a sunken wet bar, providing a sense of volume and luxury that is highly desirable in the Palm Springs market.
Priced competitively to allow for personalization, this home presents a significant opportunity to build equity through kitchen and bathroom renovations using existing plans.
The property is positioned as a fixer-upper needing updates to the kitchen and baths, which may deter buyers looking for a move-in-ready residence.
The monthly association fee of $615 is a substantial recurring expense that may impact the budget and overall affordability for some prospective owners.
Amazing Potential at an Incredible Price!This is an exceptional opportunity to own a spacious 2-bedroom, 2-bath condo in the desirable Cathedral Canyon Country Club community. The seller already has renovation plans and estimates prepared for the kitchen and baths, but has intentionally priced the home low to allow the next owner to reimagine and personalize the space to their own style and taste.The home features a large Great Room with soaring ceilings, an eat-in kitchen, a sunken wet bar, indoor laundry, and an attached garage. Tucked away on a quiet cul-de-sac, the property offers privacy and tranquility within a beautifully maintained gated community. Residents of Cathedral Canyon Country Club enjoy resort-style amenities across 450 acres of lush, park-like grounds, including a golf course, multiple pools and spas, and 10 tennis courts -- all conveniently located in south Palm Springs.
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 | 1,486 | 1,391 | 56% |
| Lot Size | 3,049 | 762 | 89% |
| Price | $389.0K | $488.0K | 31% |
| Price per sq ft | $262 | $357 | 13% |
| Built year | 1991 | 1977 | 91% |
| HOA | $615.0 | $615 | 50% |
| Days on market | 33 | 155 | 1% |
May 13, 2026
$389,000
Initial Listing