1655 E Palm Canyon Drive 116, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
ACTIVE$265,000
1655 E Palm Canyon Drive 116, Palm Springs, California 92264
1Bed
1Bath
755Sqft
755Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Investment Opportunity: The property is already a successful vacation rental with a desirable 30-day rental allowance, offering strong income potential for investors.
Top Cons:
Compact Living Space: The 1-bedroom, 1-bath layout with 755 sqft may be restrictive for buyers seeking more spacious living or accommodating multiple occupants.
Compared to the nearby listings
Price:$265.0K vs avg $439.4K ($-174,450)8%
Size:755 sqft vs avg 1,307 sqft9%
Price/sqft:$351 vs avg $34057%
More Insights
Built in 1974 (51 years old).
Condition: Built in 1974, the property has received some significant cosmetic updates, particularly in the kitchen with modern cabinets, backsplash, and sink/faucet. The description also notes 'modern finishes' in the bathroom. However, the kitchen appliances (white refrigerator and electric range) are visibly older and dated. The living room and bedroom feature wall-to-wall carpeting and popcorn ceilings, which are also outdated. While the property is clean, functional, and move-in ready as a successful vacation rental, these dated elements prevent it from achieving a 'Good' rating, placing it in the 'Fair' category where it requires minor updates to fully modernize.
Year Built
1974
Close
-
List price
$265K
Original List price
$275K
Price/Sqft
$351
HOA
$317
Days on market
-
Sold On
-
MLS number
219127245DA
Home ConditionFair
Features
Good View: Mountain(s), Panoramic, Pool, Trees/Woods
Deck
Pool
Spa
ViewMountain(s), Panoramic, Pool, Trees/Woods
About this home
Thirty-day rentals allowed! Welcome to your private home, second home or a Investment property! This condo is already a successful vacation rental. This AMAZING VIEWS furnished/turnkey 1-bedroom, 1-bath condo offers stunning mountain views in the highly desirable South Palm Springs area. As an end unit, it features an additional window that floods the space with natural light. The updated open-concept kitchen overlooks the spacious living and dining areas. The generously sized bedroom and bath include soft-close cabinetry and modern finishes. Enjoy your private balcony, which provides secure access to a shortcut leading directly to the pool, clubhouse, walking trails or laundry. Experience the beautiful grounds of Smoke Tree Racquet Club, including lighted tennis courts, a pickleball court, bike storage, a dog park, covered parking(carport), community laundry rooms, and a sparkling pool and spa.
Nearby schools
4/10
Cahuilla Elementary School
Public,•K-5•0.7mi
4/10
Raymond Cree Middle School
Public,•6-8•3.1mi
4/10
Desert Learning Academy
Public,•K-12•1.1mi
6/10
Palm Springs High School
Public,•9-12•1.4mi
Condition Rating
Fair
Built in 1974, the property has received some significant cosmetic updates, particularly in the kitchen with modern cabinets, backsplash, and sink/faucet. The description also notes 'modern finishes' in the bathroom. However, the kitchen appliances (white refrigerator and electric range) are visibly older and dated. The living room and bedroom feature wall-to-wall carpeting and popcorn ceilings, which are also outdated. While the property is clean, functional, and move-in ready as a successful vacation rental, these dated elements prevent it from achieving a 'Good' rating, placing it in the 'Fair' category where it requires minor updates to fully modernize.
Pros & Cons
Pros
Exceptional Investment Opportunity: The property is already a successful vacation rental with a desirable 30-day rental allowance, offering strong income potential for investors.
Prime Location & Stunning Views: Located in the highly desirable South Palm Springs area, the condo boasts stunning mountain views, enhancing its appeal and value.
Extensive Resort-Style Amenities: Residents have access to a wide array of community amenities including lighted tennis courts, pickleball, a dog park, pool, spa, and covered parking.
Updated & Turnkey Interior: The unit features an updated open-concept kitchen, modern finishes, and is offered furnished/turnkey, making it ready for immediate use or rental.
End Unit with Private Balcony: As an end unit, it benefits from additional windows for natural light, and a private balcony with secure, direct access to community facilities like the pool and clubhouse.
Cons
Compact Living Space: The 1-bedroom, 1-bath layout with 755 sqft may be restrictive for buyers seeking more spacious living or accommodating multiple occupants.
Age of Building: Built in 1974, the building is older, which could lead to potential future maintenance costs or special assessments for common areas, despite interior updates.
Monthly Association Fees: The $317.0 monthly association fee represents an ongoing cost of ownership that potential buyers must factor into their budget.