900 E Palm Canyon Drive 201, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

900 E Palm Canyon Drive 201, Palm Springs, California 92264 home-pic-0
ACTIVE UNDER CONTRACT$499,000
900 E Palm Canyon Drive 201, Palm Springs, California 92264
2Beds
2Baths
1,305Sqft
1,329Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strong Investment Opportunity: The property is an active short-term rental, currently booked out for months, offering immediate income potential in the thriving Palm Springs rental market.
Top Cons:
Condominium Living Limitations: As a condominium, it inherently involves shared walls and common areas, which may lead to less privacy and potential noise from neighbors compared to a detached home.

Compared to the nearby listings

Price:$499.0K vs avg $442.4K (+$56,550)63%
Size:1,305 sqft vs avg 1,307 sqft49%
Price/sqft:$382 vs avg $34068%

More Insights

Built in 2006 (19 years old).
Condition: Built in 2006, this condo falls within the 10-20 year age range for a 'Good' rating. The property features an upgraded kitchen with sleek, modern cabinets, stainless steel appliances, and contemporary finishes. Bathrooms also show modern updates, such as the mosaic-tiled shower. Crucially, the description highlights a brand new AC unit and tankless water heater, indicating recent major system replacements. The overall aesthetic is modern and well-maintained, with clean carpets and contemporary light fixtures, making it move-in ready with no immediate renovations required.
Year Built
2006
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$382
HOA
$450
Days on market
-
Sold On
-
MLS number
219139589DA
Home ConditionGood
Features
Excellent View: City Lights, Mountain(s)
Patio
ViewCity Lights,Mountain(s)

About this home

Welcome to your Palm Springs escape in the highly sought after Biltmore Colony, a gated community filled with style, color, and that unmistakable mid century vibe. Located just a mile from downtown, this two bedroom two bathroom condo blends modern comfort with classic Palm Springs living, offering spectacular Mountain Views and the perfect backdrop for morning coffee or sunset evenings from your private patio.This home is filled with natural light from expansive windows that frame the mountains beautifully creating a bright airy feel throughout. The upgraded kitchen features stainless steel appliances and sleek finishes making it ideal for both cooking and entertaining. The bedrooms sit on opposite sides of the condo offering privacy for guests or a peaceful retreat after a long day in the desert sun. Inside laundry and a two car garage add convenience to the easy living lifestyle this property offers. Additional upgrades include a brand new AC unit and a new tankless water heater giving you efficiency comfort and peace of mind.This property is currently an active short term rental and is booked out for the next few months making it an incredible investment opportunity for anyone looking to step into the thriving Palm Springs rental market.The Biltmore Colony is known for its stunning design inspired by classic Palm Springs architecture with vibrant community spaces resort style pool areas cabanas and a fitness center. Enjoy fee land low HOA fees and a location that places you minutes from award winning restaurants trendy coffee shops hiking trails and all the excitement of Palm Canyon Drive.If you have been dreaming of owning a stylish Palm Springs getaway or an income producing investment property this condo truly has it all. Message me for a private tour and come experience the magic of the Biltmore Colony for yourself.

Nearby schools

4/10
Cahuilla Elementary School
Public,K-50.5mi
4/10
Raymond Cree Middle School
Public,6-83.0mi
4/10
Desert Learning Academy
Public,K-121.4mi
6/10
Palm Springs High School
Public,9-121.7mi

Price History

Date
Event
Price
10/28/16
Sold
$335,000
06/30/06
Sold
$525,000
Condition Rating
Good

Built in 2006, this condo falls within the 10-20 year age range for a 'Good' rating. The property features an upgraded kitchen with sleek, modern cabinets, stainless steel appliances, and contemporary finishes. Bathrooms also show modern updates, such as the mosaic-tiled shower. Crucially, the description highlights a brand new AC unit and tankless water heater, indicating recent major system replacements. The overall aesthetic is modern and well-maintained, with clean carpets and contemporary light fixtures, making it move-in ready with no immediate renovations required.
Pros & Cons

Pros

Strong Investment Opportunity: The property is an active short-term rental, currently booked out for months, offering immediate income potential in the thriving Palm Springs rental market.
Prime Location & Community: Located in the highly sought-after, gated Biltmore Colony, just one mile from downtown Palm Springs, providing easy access to restaurants, shops, and hiking trails.
Modern Upgrades & Efficiency: Features an upgraded kitchen with stainless steel appliances, a brand new AC unit, and a new tankless water heater, ensuring comfort and energy efficiency.
Resort-Style Amenities & Low HOA: The community boasts stunning design, vibrant spaces, resort-style pools, cabanas, a fitness center, and benefits from fee land and low HOA fees.
Spectacular Views & Natural Light: Offers spectacular Mountain Views from a private patio and expansive windows, filling the home with natural light and creating a bright, airy atmosphere.

Cons

Condominium Living Limitations: As a condominium, it inherently involves shared walls and common areas, which may lead to less privacy and potential noise from neighbors compared to a detached home.
HOA Rules and Regulations: Living in a gated community with an HOA typically means adherence to specific rules and regulations that can restrict personal modifications or lifestyle choices.
Short-Term Rental Market Volatility: While currently profitable, the long-term income from short-term rentals can be subject to market fluctuations, changing regulations, and increased competition.

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