975 Village Square, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
With comparable units in the complex selling up to $509,000, this Move-In Ready Multi-Level Condo is a Prime Investment Opportunity, listed at $419,000—positioned well below the $428,834 Fair Market Value by 2%. This valuation gap offers $9,834 in Instant Equity. Boasting an Excellent Condition Rating after a comprehensive 2020-2025 renovation, this desert sanctuary features a gourmet kitchen, new HVAC, and mountain views within the Palm Springs Unified School District. This turnkey home is perfect for Owner-Occupants or Second-Home Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 975 Village Square Subject | $419,000* List Price | 2 | 2 | 1,680 | $255 | - |
A 487 Village Square W. Sold | $400,000 | 2 | 2 | 1,680 | $238 | 0.1 mi |
B 477 Village Square E Sold | $470,000 | 3 | 3 | 1,923 | $244 | 0.0 mi |
C 990 N Village Square Sold | $509,000 | 3 | 3 | 1,880 | $271 | 0.1 mi |
D 998 Village Square Sold | $506,000 | 2 | 2 | 1,588 | $319 | 0.1 mi |
E 475 Village Square Sold | $500,000 | 3 | 3 | 1,880 | $266 | 0.1 mi |
F 280 S Avenida Caballeros 266 Sold | $355,000 | 2 | 2 | 1,128 | $315 | 0.3 mi |
G 891 Village Square Active | $440,000 List Price | 3 | 3 | 1,880 | $234 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1985, the property has undergone an extensive and comprehensive renovation within the last 5 years (2020-2025). Key upgrades include a new HVAC system (2023), new windows and slider doors (2022-2024), and a fully updated kitchen with brand-new appliances (2024-2025). Both bathrooms were remodeled with new fixtures and vanities in 2022-2023, and the interior features modern tile flooring, updated LED lighting, and a remodeled fireplace, meeting the criteria for a virtually new living environment with no deferred maintenance.
The property boasts significant recent capital improvements, including a new HVAC system (2023), updated appliances (2024-2025), remodeled bathrooms, and new windows/doors, ensuring a move-in-ready experience with reduced maintenance concerns.
Located in the heart of Palm Springs, the residence is within walking distance of downtown attractions and offers access to premium community amenities including eight pools, tennis courts, and a fitness center.
The four-level floor plan provides exceptional separation between the primary suite, guest quarters, and living areas, offering a level of privacy and spatial variety rarely found in standard condominium units.
The association fee of $779.26 per month is relatively high, which may impact buyer affordability and overall investment yield compared to other complexes in the area.
The multi-level design requires navigating numerous flights of stairs to access different living zones, which may be a significant drawback for buyers with mobility concerns or those seeking a traditional single-level desert lifestyle.
Wonderfully appointed 2 bedroom, 2 bath condo in the infamous Village Racquet Club in Central Palm Springs. 4 levels of space and privacy abound, starting with a gourmet kitchen on the ground floor, as well as a formal double door entry, spacious dining area and a breakfast nook/sitting area which opens to a walled patio. The next level has a guest bedroom and a 3/4 bathroom. At the top of the stairs to the next level is a bar area, which opens up into a large living room anchored by a fireplace. There is also an outdoor balcony on this level. The top level hosts a huge Primary bedroom and bathroom, and a roomy walk in closet, as well as a window alcove/retreat area. Great location, downtown Palm Springs is a stone's throw away! The complex features many amenities including racquet ball, tennis, a clubhouse, fitness center, and 8 pools and spas. Upgrades and replacements include: washer and dryer (2019), refrigerator (2025), stove (2019), microwave (2025), and garbage disposal (2024). Tile floor was installed in 2020, carpet in 2020, fireplace remodeled in 2023. HVAC replaced in 2023, ceiling fans installed in 2023. LED can lights in 2024. chandeliers in 2023, Primary bath fixtures/tib/sinks/vanity in 2023, double front doors at ground level in 2024, ground level patio slider doors/screens in 2024, Primary bedroom window in 2024, upper hallway window in 2022, new paint in 2022, all baseboards in 2022, all door knobs in 2022 and Guest bath fixtures/sink/toilet in 2022.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 2.0 mi
Grades K-12 • 0.9 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 | 1,680 | 1,130 | 90% |
| Lot Size | - | 436 | 46% |
| Price | $419.0K | $361.0K | 58% |
| Price per sq ft | $249 | $345 | 13% |
| Built year | 1985 | 1981 | 71% |
| HOA | $779.26 | $550 | 93% |
| Days on market | 72 | 182 | 9% |
Mar 23, 2026
$419,000
$429,000
-2% Price Drop
Initial Listing
Feb 10, 2026
$429,000
Initial Listing