845 E Arenas Road, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Fee Simple Condominium offers a rare land-ownership advantage in the heart of Palm Springs, listed at $499,000. Positioned relative to its $446,569 Fair Market Value, the price reflects the high demand for non-leased land in the Casitas Arenas subdivision. Boasting a Condition Rating of 4, the unit features premium infrastructure including a Navien tankless water heater, dual-pane windows, and a whole-house water filter. With stunning mountain views and a low HOA, this well-maintained Sanctuary is perfectly suited for Owner-Occupants or second-home buyers seeking a walkable desert lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 845 E Arenas Road Subject | $475,000* List Price | 2 | 2 | 1,176 | $374 | - |
A 1456 Tiffany Circle N Sold | $430,000 | 2 | 2 | 1,251 | $344 | 0.5 mi |
B 1294 Tiffany Circle N Sold | $599,000 | 2 | 2 | 1,251 | $479 | 0.4 mi |
C 1293 Tiffany Circle N Sold | $545,500 | 2 | 1 | 1,260 | $433 | 0.4 mi |
D 222 N Calle El Segundo 543 Sold | $375,000 | 2 | 2 | 944 | $397 | 0.4 mi |
E 222 N Calle El Segundo 576 Sold | $375,000 | 2 | 2 | 1,139 | $329 | 0.3 mi |
F 1452 Tiffany` Circle N Sold | $400,000 | 2 | 2 | 1,251 | $320 | 0.5 mi |
G 222 N Calle El Segundo 565 Pending | $375,000 List Price | 2 | 2 | 1,147 | $327 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained but retains many original or dated features from its 1979 construction, including popcorn ceilings, older cabinetry, and dated bathroom fixtures. While it boasts significant functional upgrades like a Navien tankless water heater and dual-pane windows, the kitchen and bathrooms require cosmetic modernization to meet current market standards, as noted in the listing's suggestion for buyers to 'make it their own.'
A major advantage in the Palm Springs market, this property is on Fee Simple land, meaning you own the land rather than leasing it, which simplifies financing and enhances long-term value.
The unit features high-value functional improvements including a Navien tankless water heater, a whole-house water filtration system, and dual-pane windows, reducing immediate maintenance concerns.
Situated at the quiet rear of the Casitas Arenas complex, this single-story unit offers a peaceful retreat while being steps away from the vibrant dining and shopping of downtown Palm Springs.
The property is described as ready for the next owners to 'make it their own,' suggesting that the interior finishes may be dated and require additional investment for modern renovations.
With only one assigned carport provided for a two-bedroom unit, parking may be a challenge for households with multiple vehicles or frequent visitors.
$24,000 price reduction! Looking for a comfortable single story condo in the heart of downtown Palm Springs? Only interested in Fee Simple land? Look no further! The units here at Casitas Arenas rarely come on the market. This 2 bedroom 2 bath 1176 sq. ft. unit is located at the quiet back of the complex and is a gem. It's been well maintained and is ready for its next owners to make it their own. Some of the features include washer/dryer in the kitchen, Navien tankless water heater, high ceilings, whole house water filter, dual pane windows, mountain view, assigned carport, beautiful parklike grounds surrounding the pool and spa. Only 40 units with a low monthly HOA of only $495. It's worth seeing in person. You won't be disappointed!
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.7 mi
Grades K-12 • 1.1 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 | 1,176 | 1,139 | 54% |
| Lot Size | - | 436 | 45% |
| Price | $475.0K | $362.0K | 64% |
| Price per sq ft | $404 | $345 | 67% |
| Built year | 1979 | 1981 | 31% |
| HOA | $495.0 | $550 | 21% |
| Days on market | 79 | 160 | 13% |
May 16, 2026
$475,000
$499,000
-5% Price Drop
Initial Listing
Mar 20, 2026
$499,000
Initial Listing