815 N Cerritos Drive, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath
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Palm Springs, California 92262
This Modernized Desert Sanctuary is a Prime Investment Opportunity listed at $599,000—positioned well below the $612,187 Fair Market Value by 2%. This valuation gap provides $13,187 in Instant Equity for the incoming owner. Boasting an Excellent Condition Rating, the residence features a Renovated Kitchen, motorized window treatments, and Unobstructed Mountain Views on rare Fee Land. Located in the desirable Sunrise Oasis community with resort amenities, this turnkey home is an ideal match for Seasonal Residents or Owner-Occupants seeking a polished desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 815 N Cerritos Drive Subject | $599,000* List Price | 3 | 2 | 1,347 | $454 | - |
A 842 N Calle De Pinos Sold | $610,000 | 2 | 2 | 1,170 | $521 | 0.0 mi |
B 1874 E Sandalwood Drive Sold | $525,000 | 3 | 2 | 1,248 | $421 | 0.6 mi |
C 1760 Tamarisk Road Sold | $620,000 | 3 | 2 | 1,347 | $460 | 0.2 mi |
D 830 N Calle De Mimosas Sold | $635,000 | 2 | 2 | 1,262 | $503 | 0.1 mi |
E 2022 E Chia Road Sold | $494,900 | 3 | 2 | 1,248 | $397 | 0.5 mi |
F 1429 N Cerritos Drive Sold | $529,000 | 3 | 2 | 1,248 | $424 | 0.5 mi |
G 1747 E El Alameda Active | $614,000 List Price | 3 | 2 | 1,401 | $438 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property has undergone an extensive modern renovation that brings it to current quality standards. The kitchen features updated flat-panel cabinetry, stainless steel appliances, and solid surface countertops. Bathrooms are fully remodeled with contemporary vessel sinks and fixtures. Additional high-end upgrades include smooth-finish walls, dual-pane windows, upgraded HVAC, and motorized window treatments, leaving no evidence of deferred maintenance despite the 1973 build year.
The property features a fully renovated kitchen with stainless steel appliances, remodeled bathrooms, and high-end finishes like motorized window treatments and dual-pane windows, offering a move-in-ready experience.
Situated on fee land rather than leased land, this condo provides greater investment security and simplified financing, which is a significant competitive advantage in the Palm Springs market.
The unit offers stunning, unobstructed mountain views from the living room, primary bedroom, and two private patios, perfectly capturing the desirable desert lifestyle.
The monthly HOA fee of $765 is relatively high, which may impact the overall affordability and debt-to-income ratio for potential buyers.
Built in 1973, the complex may require ongoing maintenance or future capital improvements to its 50-year-old common areas and underlying infrastructure.
Experience breathtaking mountain views from this beautifully updated 3-bedroom, 2-bath condo situated on fee land. Offering the perfect blend of style, comfort, and functionality, this home welcomes you through your private garage into a secluded courtyard, ideal for relaxing or entertaining.Inside, you'll find a thoughtfully upgraded interior featuring a modern, open-concept living and dining area with smooth-finish walls, updated lighting, and abundant natural light. The renovated kitchen is designed for both everyday living and entertaining, complete with stainless steel appliances and sleek solid surface countertops. Both bathrooms have been tastefully remodeled, and the home is enhanced with dual-pane windows and sliders, upgraded HVAC, and premium Hunter Douglas Luminaire motorized window treatments for added convenience and style. Take in the stunning mountain views from the living room, primary bedroom, or either of the two private patios, perfect for enjoying the desert lifestyle. Located in a well-maintained and welcoming community featuring three pools and two tennis courts, this home offers resort-style living just minutes from everything the Palm Springs area has to offer. A truly exceptional opportunity don't miss it.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 82% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,347 | 1,130 | 75% |
| Lot Size | - | 436 | 46% |
| Price | $599.0K | $361.0K | 86% |
| Price per sq ft | $445 | $347 | 81% |
| Built year | 1973 | 1981 | 21% |
| HOA | $765.0 | $550 | 91% |
| Days on market | 13 | 182 | 1% |
Apr 9, 2026
$599,000
Initial Listing
Sep 5, 2018
$368,000
Public Record
May 23, 2016
$320,000
Public Record
Aug 12, 2005
$329,000
Public Record
Oct 11, 2002
$189,909
Public Record