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500 S Farrell Drive M79, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

500 S Farrell Drive M79, Palm Springs, California 92264 home-pic-0
ACTIVE$415,000
500 S Farrell Drive M79, Palm Springs, California 92264
2Beds
2Baths
1,175Sqft
Lot
Year Built
1984
Close
-
List price
$415K
Original List price
$415K
Price/Sqft
$353
HOA
$508
Days on market
-
Sold On
-
MLS number
25626237PS
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Pool
Patio
ViewPark/Greenbelt, Pool

About this home

We found 3 Cons,5 Pros. Rank: price - $415.0K(46th), sqft - 1175(38th), beds - 2(50th), baths - 2(50th).

This clean, bright and welcoming 2 bedroom / 2 bath in centrally located Mesquite Country Club is offered TURNKEY FURNISHED The kitchen is recently fully upgraded with quartz countertops, modern cabinetry with interior lighting, beautiful backsplash, Maytag appliances and beautiful laminate flooring. Newer HVAC system (11/18), full size washer and dryer, keyless entry. Nest Hello doorbell and back patio cameras, home Hub with WIFI controlled lights. The pool and tennis courts are steps away. Perfect for a full time home, weekend getaway or investment property. Mesquite Country Club allows short term vacation rentals with a 7-night rental minimum and is on Fee land (YOU OWN THE LAND)

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•1.4mi
4/10
Raymond Cree Middle School
Public,•6-8•2.3mi
4/10
Desert Learning Academy
Public,•K-12•0.3mi
6/10
Palm Springs High School
Public,•9-12•0.3mi

Price History

Date
Event
Price
12/09/25
Listing
$415,000
12/17/20
Sold
$325,000
09/24/20
Sold
$325,000
05/25/18
Sold
$205,000
05/05/05
Sold
$311,090
Condition Rating
Excellent
Despite being built in 1984, the property has undergone extensive recent renovations, particularly in the kitchen which is described as 'recently fully upgraded' with modern cabinetry, quartz countertops, new backsplash, Maytag appliances, and laminate flooring. The HVAC system was replaced in 2018 (6 years ago), and the property features smart home technology like keyless entry, Nest doorbell, and WiFi-controlled lights. The bathrooms also appear updated and in excellent condition from the images. The flooring is a mix of modern tile and laminate. All these factors indicate a property that has been extensively renovated within the last 5-15 years, with key components being virtually new or meeting current quality standards, making it move-in ready with no deferred maintenance.
Pros & Cons

Pros

Fee Land Ownership: The property is on fee land, meaning the buyer owns the land outright, a significant advantage in Palm Springs where lease land is common.
Turnkey Furnished: Offered fully furnished, making it move-in ready for a primary residence, weekend getaway, or immediate rental income.
Extensive Modern Upgrades & Smart Home Features: Recently upgraded kitchen with high-end finishes, newer HVAC (2018), and integrated smart home technology (keyless entry, Nest doorbell, cameras, WiFi controlled lights).
Short-Term Rental Approved: The Mesquite Country Club allows short-term vacation rentals, providing excellent income potential for investors.
Prime Location & Community Amenities: Centrally located within Mesquite Country Club, with community pool and tennis courts just steps away, offering convenience and recreational opportunities.

Cons

High Monthly Association Fee: The $508 monthly association fee adds a significant recurring cost to ownership.
Building Age (1984): While interior upgrades are noted, the building itself was constructed in 1984, which may lead to higher maintenance costs for common areas or less modern infrastructure in some aspects.
7-Night Minimum for Short-Term Rentals: Although short-term rentals are permitted, the 7-night minimum stay requirement may limit rental flexibility and potential income compared to properties allowing shorter stays.

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