820 E Palm Canyon, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
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Palm Springs, California 92264
This property presents a High-Potential Investment Opportunity with a List Price of $389,500—positioned well below the $438,130 Fair Market Value by 11%. This valuation gap offers $48,630 in Instant Equity for buyers. Featuring a Fair Condition Rating, the unit requires cosmetic updates to reach its full potential. Located in the Biltmore community with Majestic Mountain Views and resort-style amenities, this is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in South Palm Springs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 820 E Palm Canyon Subject | $389,500* List Price | 1 | 1 | 748 | $586 | - |
A 1111 E Palm Canyon Drive 318 Sold | $350,000 | 1 | 1 | 525 | $667 | 0.3 mi |
B 1111 E Palm Canyon Drive 306 Sold | $349,000 | 1 | 1 | 525 | $665 | 0.3 mi |
C 820 E Palm Canyon Drive 206 Active | $460,000 List Price | 1 | 1 | 898 | $512 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2006 (20 years old), the property falls into the 'Fair' category due to its age and REO status. While the exterior and structure appear sound, the interior shows significant neglect, including heavily soiled carpeting and a need for full cosmetic updates (paint/flooring) to reach move-in readiness.
The Biltmore Colony offers an extensive amenity package including three pools, two spas, a fitness center, and a clubhouse, providing a high-end lifestyle experience.
Ideally situated across from the Ace Hotel and Koffi, this location offers excellent walkability to trendy dining and shopping at the Smoketree Shopping Center.
The property features a private balcony with majestic mountain views, a premium feature that significantly enhances the aesthetic appeal and value of the unit.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1482, other record lot size in square feet = 1079. Living area discrepancy between mls listing and other public or private record. mls listing living area = 748, other record living area = 1116. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
Being a bank-owned property, it may require cosmetic updates or repairs to meet modern standards, as these units are typically sold in as-is condition.
At 748 square feet, the one-bedroom layout is relatively compact, which may limit its appeal to buyers looking for more spacious living or storage areas.
Don’t miss out on this rare REO-owned find in the prestigious Biltmore community, where resort-style living is truly at its finest. Welcome to your opportunity to customize your own Palm Springs retreat featuring majestic mountain views right off your private balcony. Includes travertine flooring, art niches, and a great location near the pool and parking, as well as your own garage with a storage room. The impressive community amenities offer the ultimate Palm Springs lifestyle with a stunning clubhouse for private gatherings, outdoor kitchens perfect for entertaining, a community fire pit, doggy stations, three sparkling pools, two spas, poolside cabanas at the main pool, a misting system, fitness center, and so much more. Ideally located in sought-after South Palm Springs, close to Smoketree Shopping Center and directly across from Koffi and Ace Hotel & Swim Club Palm Springs, this is desert living at its best. Show and sell today
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 3.0 mi
Grades K-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 13% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 748 | 1,385.5 | 7% |
| Lot Size | 1,482 | 871 | 66% |
| Price | $389.5K | $488.5K | 30% |
| Price per sq ft | $521 | $359 | 88% |
| Built year | 2006 | 1977 | 95% |
| HOA | $484.0 | $620 | 11% |
| Days on market | 33 | 150 | 1% |
May 5, 2026
$389,500
Initial Listing
Jul 21, 2017
$360,000
Public Record
Sep 8, 2010
$230,000
Public Record
May 25, 2006
$550,000
Public Record