
Palm Springs, California 92262
This Turnkey Condominium is a Strong Value Opportunity, listed at $272,900—positioned slightly above the $263,045 Fair Market Value. While priced at market, the property offers significant stability due to its Fee Simple Land Ownership, eliminating monthly lease payments. Featuring a Condition Rating of 3, the unit includes recent kitchen and bath renovations, making it move-in ready. With access to two community pools and proximity to top-rated schools like Katherine Finchy Elementary, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 835 E Vista Chino 4 Subject | $272,900* List Price | 2 | 2 | 816 | $322 | - |
A 800 E Cottonwood Rd 4 Sold | $310,000 | 2 | 2 | 816 | $380 | 0.0 mi |
B 1411 N Sunrise Way 16 Sold | $221,000 | 1 | 1 | 771 | $287 | 0.6 mi |
C 1407 N Sunrise Way 18 Sold | $193,000 | 1 | 1 | 771 | $250 | 0.5 mi |
D 1865 N Via Miraleste 1822 Sold | $332,000 | 2 | 2 | 1,034 | $321 | 0.3 mi |
E 453 E Via Escuela 522 Sold | $330,000 | 2 | 2 | 854 | $386 | 0.3 mi |
F 1411 N Sunrise Way 7 Sold | $257,000 | 2 | 2 | 1,067 | $241 | 0.6 mi |
G 1407 N Sunrise Way 28 Active Under Contract | $288,800 List Price | 2 | 2 | 1,067 | $271 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1975, the unit has undergone a recent renovation (less than 5 years) including new kitchen counters, appliances, updated bathrooms, and fresh paint. It is move-in ready and functional, though it retains some dated elements like popcorn ceilings and older tile flooring.
Unlike many Palm Springs properties situated on leased land, this unit is on fee land, meaning there is no monthly land lease payment and financing is typically more straightforward.
The property is move-in ready with modern updates including new kitchen counters and appliances, updated bathrooms, fresh paint, and new light fixtures throughout.
The gated community offers excellent value with HOA fees covering water, trash, exterior maintenance, and access to two pools (one heated) in a prime location near downtown.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =0, other record lot size in square feet = 746.
The unit relies on community laundry facilities rather than having private in-unit washer and dryer hookups, which may be a drawback for some long-term residents.
With only 816 square feet for a two-bedroom, two-bathroom configuration, the living spaces and bedrooms are relatively small compared to other regional condo options.
Welcome to your new home. This bright and sunny 2 bedroom/2 bathroom has just been updated with new counters and appliances in the kitchen, updated bathrooms, and light fixtures. Freshly painted. New blinds on the windows and slider. New mirrored closet doors in the guest bedroom. Desert Arches is a small community with beautiful landscaping, It is on fee land so there is not a monthly lease payment. The reasonable HOA fees covers 2 pools, common area landscaping, trash, outside maintenance ,and water. One of the pools is heated during the season. This gated community is close to downtown restaurants and shopping. The assigned parking spot is right outside the unit. There are several visitor spaces as well. This would make an excellent rental unit, 2nd home, or full time residence. Rentals are allowed with a 30 day minimum requirement. Community laundry is near the unit. Pets are allowed per the HOA restrictions. Buyer and buyer's agent to verify all information.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 0.1 mi
Grades 9-12 • 2.1 mi
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 | 816 | 1,143 | 30% |
| Lot Size | 0.02 | 436 | 44% |
| Price | $272.9K | $354.8K | 31% |
| Price per sq ft | $334 | $344 | 45% |
| Built year | 1975 | 1981 | 20% |
| HOA | $495.0 | $550 | 21% |
| Days on market | 22 | 161 | 1% |
May 24, 2026
$272,900
Initial Listing
Aug 24, 2012
$76,500
Public Record
Sep 29, 2005
$195,000
Public Record