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507 Desert Lakes Circle, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

507 Desert Lakes Circle, Palm Springs, California 92264 home-pic-0
ACTIVE$431,725
507 Desert Lakes Circle, Palm Springs, California 92264
2Beds
2Baths
1,778Sqft
Lot
Year Built
1972
Close
-
List price
$432K
Original List price
$432K
Price/Sqft
$243
HOA
$1,654
Days on market
-
Sold On
-
MLS number
219131229PS
Home ConditionFair
Features
Excellent View: Golf Course, Lake, Mountain(s)
Patio
ViewGolf Course,Lake,Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $431.7K(49th), sqft - 1778(78th), beds - 2(50th), baths - 2(50th).

Enjoy spectacular million dollar mountain, golf course, and lake views, from this outstanding condo in 7 Lakes Country Club! You will find 2 bedrooms, 2 bathrooms, attached two car garage, individual laundry area, tile flooring, high ceilings, a covered and enclosed terrace with floor to ceiling sliding glass doors, living room and dining areas, kitchen with newer stainless steel appliances, granite kitchen counter tops, a sunroom with floor to ceiling sliding doors and views of the San Jacinto and San Bernardino Mountains, walk in closet, spacious bedrooms and closets. HOA amenities are landscape maintenance, 15 swimming pools and spas, Clubhouse, golf course (additional charge for golf membership), tennis and pickle ball courts, restaurant, bar, and social clubs within the club (seasonally). No short term rentals. 30 day minimum stay rental policy. 7 Lakes Country Club is on fee land so you own the land. Schedule your private showing today to see this very special view home. All appliances included in sale. Furniture may be purchased outside of escrow so this home also may be sold furnished.

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•1.9mi
4/10
Raymond Cree Middle School
Public,•6-8•3.6mi
4/10
Desert Learning Academy
Public,•K-12•1.4mi
6/10
Palm Springs High School
Public,•9-12•1.6mi

Price History

Date
Event
Price
06/07/25
Listing
$431,725
Condition Rating
Fair
Built in 1972, the property has received beneficial updates including newer stainless steel appliances and granite countertops in the kitchen, along with updated tile flooring in the main living areas. However, the overall style, including the kitchen's pass-through design and potentially the bathrooms (based on limited visibility), indicates that it has not undergone a comprehensive, recent renovation. While well-maintained and functional, some elements are outdated, aligning with the 'Fair' category where a home is aged but maintained with occasional updates, and major components are functional but show signs of being outdated.
Pros & Cons

Pros

Panoramic Views: The property boasts spectacular million-dollar mountain, golf course, and lake views, enhancing its appeal and providing a desirable living experience.
Extensive Community Amenities: Residents benefit from a wealth of HOA amenities including 15 swimming pools and spas, a Clubhouse, tennis and pickleball courts, a restaurant, bar, and various social clubs.
Fee Land Ownership: The property is situated on fee land, meaning the owner holds full ownership of the land, a significant advantage in the Palm Springs market.
Updated Kitchen: The kitchen features newer stainless steel appliances and granite countertops, offering a modern and functional space.
Desirable Interior Features: The condo includes high ceilings, tile flooring, a sunroom, a covered and enclosed terrace with floor-to-ceiling sliding glass doors, and spacious bedrooms with a walk-in closet.

Cons

High Monthly HOA Dues: The monthly association fee of $1654.0 is substantial and represents a significant ongoing cost for ownership.
Rental Restrictions: The property has strict rental policies, prohibiting short-term rentals and imposing a 30-day minimum stay, which limits potential investment income strategies.
Property Age: Built in 1972, the property's age may imply potential for older infrastructure or systems that could require future maintenance or updates beyond the visible cosmetic improvements.

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