
Palm Springs, California 92264
This Turnkey Condominium presents a High-Potential Investment Opportunity, listed at $395,000—positioned well below the $408,438 Fair Market Value by 3%. This valuation gap offers $13,438 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the property offers a spacious 1,560 sqft layout with Panoramic Golf Course Views. While the interior reflects its 1980 origins, the turnkey status provides immediate utility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7614 Paseo Azulejo Subject | $395,000* List Price | 2 | 2 | 1,560 | $262 | - |
A 7523 Regency Drive Sold | $413,000 | 2 | 2 | 1,486 | $278 | 0.1 mi |
B 7571 Calle Mazamitla Sold | $450,000 | 3 | 2 | 1,841 | $244 | 0.1 mi |
C 7601 Calle Mazamitla Sold | $421,000 | 2 | 2 | 1,769 | $238 | 0.1 mi |
D 6087 Montecito Circle 4 Sold | $355,000 | 4 | 3 | 1,551 | $229 | 1.0 mi |
E 2971 Calle Loreto Active | $484,900 List Price | 2 | 2 | 1,560 | $311 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, this 44-year-old property appears well-maintained but significantly dated. While functional and offered turnkey, the interior finishes, including the tile flooring and fixtures, likely exceed the 20-year age mark without major recent renovations, suggesting a need for cosmetic updates to meet modern standards.
The property features panoramic views overlooking the 11th fairway of the Cathedral Canyon Country Club and the surrounding mountains, providing a premium desert backdrop.
Offered fully furnished, this residence allows for an immediate move-in or rental opportunity, significantly reducing the initial effort and expense for seasonal buyers or investors.
At 1,560 square feet with an additional den/dining room, the floor plan offers superior functional space and flexibility compared to standard two-bedroom condominiums.
The $640 monthly HOA fee represents a significant recurring carrying cost that may impact the overall affordability and investment return for some buyers.
Built in 1980, the unit may require updates to its original mechanical systems or interior finishes to align with modern energy efficiency and contemporary design standards.
Nestled within the desirable Cathedral Canyon Country Club community, this inviting condominium offers comfortable desert living with generous space and an excellent location. Featuring approximately 1,560 square feet, this well-designed residence includes two bedrooms, two bathrooms, and a versatile den/dining room that can easily accommodate entertaining, a home office, or additional guest space.A private, walled front yard, very pet friendly, welcomes you with an expansive outdoor setting enhanced by a partial wood lattice covering, creating an inviting space for morning coffee, outdoor dining, or simply relaxing in the desert air. From the rear patio, enjoy panoramic views overlooking the 11th fairway of the Cathedral Canyon Country Club golf course, providing a beautiful backdrop for entertaining or peaceful evenings under the desert sky.The spacious floor plan provides an ideal blend of comfort and functionality, while the light-filled living areas create a warm and welcoming atmosphere. The primary suite offers privacy and relaxation, while the guest bedroom and bath provide comfortable accommodations for visitors. And should furnishing a new home be a concern, there is no need to worry -- this condominium is being offered turnkey furnished, allowing you to immediately begin enjoying the relaxed desert lifestyle.Ideally located between the charm and energy of downtown Palm Springs and the renowned shopping and dining district of El Paseo in Palm Desert, this condominium offers convenient access to some of the desert's finest restaurants, boutiques, entertainment, and recreational opportunities. Whether you are seeking a full-time residence, seasonal retreat, or investment opportunity, this home captures the relaxed lifestyle that makes desert living so desirable. Seller will negotiate to deposit funds into escrow to extend the lease to Sept 14, 2061.
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 | 1,560 | 1,391 | 64% |
| Lot Size | 2,613 | 762 | 83% |
| Price | $395.0K | $488.0K | 31% |
| Price per sq ft | $253 | $358 | 11% |
| Built year | 1980 | 1977 | 67% |
| HOA | $640.0 | $620 | 58% |
| Days on market | 29 | 154 | 1% |
May 15, 2026
$395,000
Initial Listing