RealKey
‪(213) 433-7766‬

500 W Arenas Road 10, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath

500 W Arenas Road 10, Palm Springs, California 92262 home-pic-0
ACTIVE$675,000
500 W Arenas Road 10, Palm Springs, California 92262
1Bed
1Bath
933Sqft
933Lot
Year Built
1970
Close
-
List price
$675K
Original List price
$725K
Price/Sqft
$723
HOA
$667
Days on market
-
Sold On
-
MLS number
219124757PS
Home ConditionExcellent
Features
Good View: Peek-A-Boo, Pool
Pool
Spa
Patio
ViewPeek-A-Boo, Pool

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,5 Pros. Rank: price - $675.0K(89th), sqft - 933(44th), beds - 1(38th), baths - 1(37th).

Hidden Gem in the Historic Tennis ClubTucked in one of Palm Springs' most desirable neighborhoods, this single-story condo is the perfect blend of mid-century design and modern luxury. Originally crafted by renowned architect Herbert Burns, the home showcases his iconic style while offering today's most sought-after upgrades--all just one block from downtown.Inside, an open and airy living space features custom cabinetry in the kitchen and bath, sleek modern flooring, and designer finishes throughout. Remote-controlled windows and doors shift from privacy to open views at the touch of a button, while adjustable recessed lighting sets the perfect mood.It is the only unit with direct entry from its assigned off-street parking space, where you'll find your own electric car charger tucked neatly into the outdoor storage closet.Step outside to a spacious patio with sparkling pool and spa views, ideal for both relaxing and entertaining.Move-in ready and designed for effortless desert living, this sophisticated retreat is truly one of a kind.

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•1.2mi
7/10
Katherine Finchy Elementary School
Public,•K-5•1.3mi
4/10
Raymond Cree Middle School
Public,•6-8•1.8mi
4/10
Desert Learning Academy
Public,•K-12•1.8mi
6/10
Palm Springs High School
Public,•9-12•1.9mi

Price History

Date
Event
Price
09/05/25
Price Change
$675,000-3.3%
08/07/25
Price Change
$698,000
02/13/25
Listing
$725,000
Condition Rating
Excellent
Despite being built in 1970, this property has undergone an extensive and recent renovation, bringing it to modern luxury standards. The kitchen features sleek custom cabinetry, new stainless steel appliances, modern countertops, and recessed lighting. The bathroom also showcases custom cabinetry and contemporary finishes. Throughout the unit, there is sleek modern flooring, adjustable recessed lighting, and smart home features like remote-controlled windows and doors. All visible components appear new or virtually new, indicating no deferred maintenance and a move-in ready condition, aligning with the 'Excellent' criteria for a recently fully renovated property.
Pros & Cons

Pros

Prime Location: Situated in the highly desirable Historic Tennis Club neighborhood, just one block from downtown Palm Springs, offering unparalleled convenience and access to amenities.
Architectural Heritage & Modern Upgrades: Designed by renowned architect Herbert Burns, this condo seamlessly blends mid-century style with modern luxury, featuring custom cabinetry, sleek flooring, and designer finishes.
Exclusive Parking & EV Charging: Unique direct entry from an assigned off-street parking space, which includes a dedicated electric car charger, a significant convenience for modern living.
Smart Home Features: Equipped with remote-controlled windows and doors for privacy and open views, along with adjustable recessed lighting, enhancing comfort and ambiance.
Outdoor Living & Pool Views: Features a spacious patio with sparkling pool and spa views, providing an ideal setting for relaxation and entertaining in the desert climate.

Cons

High Association Fees: The monthly association fee of $667.0 is substantial for a 1-bedroom unit, significantly increasing the overall cost of ownership.
Building Age: Built in 1970, the property's core infrastructure is over 50 years old, which may lead to potential maintenance issues or require future capital expenditures despite recent cosmetic upgrades.
Above Estimated Market Value: The current listing price of $675,000 is 9% higher than the estimated market value of $610,656, potentially indicating an aggressive pricing strategy that could deter some buyers.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state