500 E Amado Road 706, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
ACTIVE$528,950
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:
Strong Investment Opportunity: The property offers significant investment potential, with the seller reporting over $30,000 in rental income in Q1 2025, supported by the complex's allowance for 14-day rentals.
Top Cons:
Building Age: Constructed in 1986, the property is nearly 40 years old, which may lead to concerns about the age of internal systems within the unit or potential for future capital assessments for complex-wide updates.
Compared to the nearby listings
Price:$529.0K vs avg $338.0K (+$190,950)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, appears well-maintained and is move-in ready. However, the kitchen and bathrooms feature significantly outdated styles, including white cabinets, tiled countertops, and Hollywood-style vanity lighting, suggesting they are largely original or were last renovated 20-30 years ago. While functional, these key areas would require minor to moderate updates to meet current aesthetic standards.
Year Built
1986
Close
-
List price
$529K
Original List price
$529K
Price/Sqft
$420
HOA
$570
Days on market
-
Sold On
-
MLS number
25615225PS
Home ConditionFair
Features
Good View: Park/Greenbelt, Mountain(s), Pool
Pool
Spa
ViewPark/Greenbelt, Mountain(s), Pool
About this home
"Deauville" One of Palm Springs Very Best Complex's. Beautiful Lush grounds, Pools & Spa's, Tennis Courts, Underground Parking! & Community Storage rooms. HOA includes Water Trash. Cable and your hot water. Gated complex. Great home or and investment (Seller made over $30,000. first quarter of 2025) Deauville allows 14 day rentals. Comes completely furnished including all Appliances and Washer Dryer. Close to everything in Greater Palm Springs. Across from the Convention Center. This is a great opportunity to own an amazing condo. Come take a look !
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, appears well-maintained and is move-in ready. However, the kitchen and bathrooms feature significantly outdated styles, including white cabinets, tiled countertops, and Hollywood-style vanity lighting, suggesting they are largely original or were last renovated 20-30 years ago. While functional, these key areas would require minor to moderate updates to meet current aesthetic standards.
Pros & Cons
Pros
Strong Investment Opportunity: The property offers significant investment potential, with the seller reporting over $30,000 in rental income in Q1 2025, supported by the complex's allowance for 14-day rentals.
Exceptional Community Amenities: Residents benefit from a wealth of amenities including lush grounds, multiple pools & spas, tennis courts, secure underground parking, and community storage rooms.
Inclusive HOA Dues: The monthly HOA fee covers essential services such as water, trash, cable, and hot water, providing predictable and comprehensive cost management for owners.
Prime Central Location: Strategically situated in Central Palm Springs, the property is close to all major attractions and directly across from the Convention Center, enhancing its appeal for residents and renters.
Turnkey & Fully Furnished: The unit comes completely furnished, including all appliances and a washer/dryer, offering a hassle-free, ready-to-occupy or ready-to-rent solution.
Cons
Building Age: Constructed in 1986, the property is nearly 40 years old, which may lead to concerns about the age of internal systems within the unit or potential for future capital assessments for complex-wide updates.
Significant HOA Fees: The monthly association fee of $570, while inclusive of several utilities, represents a substantial ongoing cost that could impact overall affordability or net rental income.
Condominium Ownership Restrictions: As a condominium, ownership is subject to HOA rules and regulations, which may impose limitations on personal modifications, usage, or future appreciation potential compared to single-family homes.