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505 S Farrell Drive Q101, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

505 S Farrell Drive Q101, Palm Springs, California 92264 home-pic-0
ACTIVE$459,000
505 S Farrell Drive Q101, Palm Springs, California 92264
2Beds
2Baths
1,175Sqft
1,307Lot
Year Built
1984
Close
-
List price
$459K
Original List price
$470K
Price/Sqft
$391
HOA
$507
Days on market
-
Sold On
-
MLS number
219129801DA
Home ConditionFair
Features
Good View: Park/Greenbelt, Mountain(s)
Patio
ViewPark/Greenbelt, Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $459.0K(55th), sqft - 1175(38th), beds - 2(50th), baths - 2(50th).

A rare Villa Condo with Dual Primary Suites in Mesquite Country Club. Discover one of the most desirable homes in the gated community of Mesquite Country Club--a rare Villa-style condo with no one above you, offering exceptional privacy and comfort. This beautifully maintained 2-bedroom, 2-bathroom residence stands out with vaulted ceilings in both spacious primary suites, enhancing the open and airy feel throughout. Perfect as a full-time residence, investment property, or weekend retreat, this condo is clean, bright, and move-in ready. Enjoy the best of indoor-outdoor living with two private patios--ideal for morning coffee or sunset views of the San Jacinto Mountains and the lush, green surroundings. Mesquite Country Club offers resort-style amenities including multiple pools and spas, along with tennis and pickleball courts. This community is short-term rental friendly with a 7-day minimum, providing excellent income potential. The HOA covers water, sewer, trash, building maintenance, cable TV, and internet, making this a smart and convenient choice. All just minutes from downtown Palm Springs with its renowned dining, shopping, and entertainment. Don't miss this opportunity to own a Villa home in one of Palm Springs' most sought-after communities!

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•1.2mi
4/10
Raymond Cree Middle School
Public,•6-8•2.4mi
4/10
Desert Learning Academy
Public,•K-12•0.3mi
6/10
Palm Springs High School
Public,•9-12•0.5mi
Condition Rating
Fair
Built in 1984, this property is 40 years old. While described as 'beautifully maintained' and 'move-in ready,' the kitchen and bathrooms, though updated with granite countertops and white cabinets, appear to have been renovated approximately 15-20 years ago. These updates are functional and clean but reflect an older style, showing signs of being outdated compared to current trends. The appliances are stainless steel but not new or high-end. The flooring (tile and carpet) is clean, and the overall condition is good, but the aesthetic requires minor updates to modernize.
Pros & Cons

Pros

Dual Primary Suites & Privacy: Unique 'Villa-style' condo with no one above, featuring two primary suites with vaulted ceilings, enhancing privacy and comfort.
Resort-Style Amenities: Access to extensive community amenities including multiple pools, spas, tennis, and pickleball courts within the gated Mesquite Country Club.
Short-Term Rental Potential: The community is short-term rental friendly with a 7-day minimum, providing excellent income generation opportunities.
Prime Location & Views: Conveniently located minutes from downtown Palm Springs, offering private patios with scenic San Jacinto Mountain views.
Comprehensive HOA Coverage: HOA fees include water, sewer, trash, building maintenance, cable TV, and internet, simplifying ownership and reducing individual utility costs.

Cons

High Monthly HOA Fees: The $507 monthly HOA fee, while comprehensive, represents a significant ongoing cost for a 2-bedroom condo.
Property Age: Built in 1984, the property is 40 years old, which may lead to concerns about potential for dated systems or future renovation needs not explicitly addressed.
Recent Price Reduction: The property has seen a recent price reduction from $470,000 to $459,000, which could indicate a slower market response or initial overpricing.

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