500 E Amado Road 706, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
ACTIVE$529,000
500 E Amado Road 706, Palm Springs, California 92262
2Beds
2Baths
1,259Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Central Location: The property boasts a perfect central location in Palm Springs, offering excellent walkability to the Casino, various stores, and shops.
Top Cons:
Property Age: Built in 1986, the property's age may imply older systems or finishes that could require future updates or maintenance, potentially incurring additional costs.
Compared to the nearby listings
Price:$529.0K vs avg $338.0K (+$191,000)78%
Size:1,259 sqft vs avg 1,068 sqft70%
Price/sqft:$420 vs avg $34873%
More Insights
Built in 1986 (39 years old).
Condition: The property, built in 1986, is well-maintained and move-in ready. While it features updated stainless steel kitchen appliances and modern-looking tile flooring in the main living areas and bedrooms, the kitchen still has older tile countertops and traditional white cabinets. The bathrooms are clean and functional but appear basic with shower curtains and standard fixtures, indicating they have not undergone a recent modern renovation. The overall condition suggests regular upkeep and some updates, but key areas like the kitchen and bathrooms show signs of being outdated, aligning with the 'Fair' category criteria.
Year Built
1986
Close
-
List price
$529K
Original List price
$539K
Price/Sqft
$420
HOA
$515
Days on market
-
Sold On
-
MLS number
25549329PS
Home ConditionFair
Features
Excellent View: Mountain(s)
ViewMountain(s)
About this home
Beautiful, Light and Airy, Deauville in a perfect central location of Beautiful Palm Springs. Great home or possible investment! Short term rental of 14 days. Seller made over $30,000 first Qtr. of 2025.Designed by Architect Hugh Kaptur, AIA. Fitness Center, Clubhouse, Tennis Courts, pools spas. Underground parking with community storage room. Cable, Water and Trash are included in HOA dues. Primary bedroom includes walk in closet and private bath and west facing balcony patio. Front patio is large and spacious and includes patio furniture and BBQ. Grounds are landscaped beautifully and immaculate. Lots of guest parking. A beautiful complex. The front (Amado) entrance has a beautiful water feature. Walk to the Casino, Stores, Shops & More! This is a great opportunity to own a place to be proud of as a home or investment.
Nearby schools
7/10
Katherine Finchy Elementary School
Public,•K-5•0.7mi
4/10
Raymond Cree Middle School
Public,•6-8•1.2mi
4/10
Desert Learning Academy
Public,•K-12•1.4mi
6/10
Palm Springs High School
Public,•9-12•1.4mi
Condition Rating
Fair
The property, built in 1986, is well-maintained and move-in ready. While it features updated stainless steel kitchen appliances and modern-looking tile flooring in the main living areas and bedrooms, the kitchen still has older tile countertops and traditional white cabinets. The bathrooms are clean and functional but appear basic with shower curtains and standard fixtures, indicating they have not undergone a recent modern renovation. The overall condition suggests regular upkeep and some updates, but key areas like the kitchen and bathrooms show signs of being outdated, aligning with the 'Fair' category criteria.
Pros & Cons
Pros
Prime Central Location: The property boasts a perfect central location in Palm Springs, offering excellent walkability to the Casino, various stores, and shops.
Strong Investment Potential: Proven short-term rental income opportunity, with the seller generating over $30,000 in the first quarter of 2025, supported by a 14-day rental allowance.
Extensive Community Amenities: Residents have access to a fitness center, clubhouse, tennis courts, multiple pools and spas, underground parking, and a community storage room.
Valuable HOA Inclusions: HOA dues cover essential utilities such as cable, water, and trash, providing added value and reducing monthly out-of-pocket expenses.
Architectural Design & Aesthetics: Designed by renowned Architect Hugh Kaptur, AIA, the property features a 'light and airy' design within beautifully landscaped and immaculate grounds, including a water feature at the entrance.
Cons
Property Age: Built in 1986, the property's age may imply older systems or finishes that could require future updates or maintenance, potentially incurring additional costs.
High HOA Fees: The monthly association fee of $515, while inclusive of some utilities, could be considered a significant ongoing expense for some buyers or investors.
Unspecified Cooling System: The property description does not explicitly mention a cooling system, which is a critical feature for comfort in Palm Springs' hot climate and may require further inquiry or assessment.