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5300 E Waverly Drive A4, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath

5300 E Waverly Drive A4, Palm Springs, California 92264 home-pic-0
ACTIVE$258,000
5300 E Waverly Drive A4, Palm Springs, California 92264
1Bed
1Bath
768Sqft
727Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strong Investment Opportunity: Explicitly marketed as a 'Short term rental investment retreat' and 'smart investment,' indicating high potential for rental income and versatility as a full-time residence or weekend escape.
Top Cons:
High Monthly Association Fees: A $500.0 monthly association fee is substantial and can significantly impact overall affordability and potential investment returns.

Compared to the nearby listings

Price:$258.0K vs avg $439.4K ($-181,450)8%
Size:768 sqft vs avg 1,307 sqft9%
Price/sqft:$336 vs avg $33849%

More Insights

Built in 1978 (47 years old).
Condition: Despite being built in 1978, this condo presents as move-in ready due to significant recent cosmetic updates. The property features stylish updated vinyl plank flooring throughout, a refreshed kitchen with painted cabinets, modern hardware, and functional white appliances. The bathroom has also been updated with a contemporary vanity, light fixture, and clean finishes. While not a full high-end renovation, the updates are substantial enough to place it firmly in the 'good' category, requiring no immediate renovations.
Year Built
1978
Close
-
List price
$258K
Original List price
$258K
Price/Sqft
$336
HOA
$500
Days on market
-
Sold On
-
MLS number
219136017DA
Home ConditionGood
Features
Good View: Peek-A-Boo, Pool
Deck
Pool
ViewPeek-A-Boo, Pool

About this home

Welcome to your wonderful Palm Springs Short term rental investment retreat. Set within a highly desirable golf and tennis club community. This charming upstairs one-bedroom condo features a bright, open layout with stylish updated vinyl plank flooring, a refreshed kitchen, and a private balcony that overlooks the inviting pool and scenic mountains. The living spaces are warm and welcoming, perfect for relaxing or entertaining loved ones. The bedroom offers generous closet space and plenty of natural light, creating a cozy and inviting atmosphere. Enjoy fantastic resort-style amenities, including 3 pools, tennis and pickleball courts, and beautifully maintained grounds. Ideally situated just minutes from Tahquitz Creek Golf Course, shopping, dining, and the lively downtown Palm Springs, this home combines comfort with tranquility. Whether you're seeking a full-time residence, a weekend escape, or a smart investment, this condo presents an excellent opportunity.

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•3.1mi
4/10
Raymond Cree Middle School
Public,•6-8•4.5mi
4/10
Desert Learning Academy
Public,•K-12•2.5mi
6/10
Palm Springs High School
Public,•9-12•2.5mi
Condition Rating
Good
Despite being built in 1978, this condo presents as move-in ready due to significant recent cosmetic updates. The property features stylish updated vinyl plank flooring throughout, a refreshed kitchen with painted cabinets, modern hardware, and functional white appliances. The bathroom has also been updated with a contemporary vanity, light fixture, and clean finishes. While not a full high-end renovation, the updates are substantial enough to place it firmly in the 'good' category, requiring no immediate renovations.
Pros & Cons

Pros

Strong Investment Opportunity: Explicitly marketed as a 'Short term rental investment retreat' and 'smart investment,' indicating high potential for rental income and versatility as a full-time residence or weekend escape.
Exceptional Community Amenities: Located within a 'highly desirable golf and tennis club community' offering '3 pools, tennis and pickleball courts, and beautifully maintained grounds,' significantly enhancing lifestyle and rental appeal.
Modern Interior Updates: Features 'stylish updated vinyl plank flooring' and a 'refreshed kitchen,' providing a move-in ready and aesthetically pleasing living space.
Prime Palm Springs Location: Ideally situated just minutes from Tahquitz Creek Golf Course, shopping, dining, and the lively downtown Palm Springs, offering convenience and high desirability.
Private Balcony with Views: A private balcony overlooks the inviting pool and scenic mountains, adding significant value for relaxation and enjoyment, enhancing the resort-like atmosphere.

Cons

High Monthly Association Fees: A $500.0 monthly association fee is substantial and can significantly impact overall affordability and potential investment returns.
Limited Space/One-Bedroom Configuration: As a 768 sqft, one-bedroom unit, it caters to a specific demographic (singles, couples, short-term renters) and may not suit buyers needing more living space or additional bedrooms.
Upstairs Unit: Being an 'upstairs one-bedroom condo' could be a drawback for individuals with mobility challenges or those who prefer ground-floor access for convenience or privacy.

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