5301 E Waverly Drive #188, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

5301 E Waverly Drive  home-pic-0
ACTIVE$320,000
5301 E Waverly Drive #188, Palm Springs, California 92264
2Beds
2Baths
979Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Fee Land Ownership: The property is situated on 'FEE land,' meaning the owner holds full title to the land, a significant advantage in Palm Springs where many properties are on leased land.
Top Cons:
Requires Upgrades: The property is described as 'ready for your upgrades and personal touch,' indicating that it may require additional investment to modernize or customize to current tastes.

Compared to the nearby listings

Price:$320.0K vs avg $439.4K ($-119,450)17%
Size:979 sqft vs avg 1,307 sqft16%
Price/sqft:$327 vs avg $33844%

More Insights

Built in 1979 (46 years old).
Condition: The property was built in 1979, making it 45 years old. The listing explicitly states it is 'ready for your upgrades and personal touch' and that its age suggests 'some systems, finishes, or appliances may be original or dated.' While the exterior appears well-maintained in the provided image, the interior, particularly the kitchen and bathrooms, is implied to be outdated and requires modernization, aligning with the 'Fair' condition criteria for properties built over 20 years ago that require minor updates or repairs.
Year Built
1979
Close
-
List price
$320K
Original List price
$320K
Price/Sqft
$327
HOA
$506
Days on market
-
Sold On
-
MLS number
219134826DA
Home ConditionFair
Features
Good View: Pool
Patio
ViewPool

About this home

Upstairs 2 Bedroom, 2 Bath condo in highly sought-after Palm Canyon Villas, South Palm Springs - on FEE land (you own it)! This is the largest floorplan in the community, featuring an oversized primary suite with sitting area and en-suite bath. From the living room patio, kitchen window, and primary suite, enjoy serene northern views of the pool. A covered patio--complete with enclosed laundry closet and full-size washer/dryer--is perfect for morning coffee, BBQs, or entertaining. sParking is easy with one assigned covered carport plus ample guest spaces. Palm Canyon Villas is one of the few communities permitting short-term rentals (5-day minimum), making this an ideal full-time residence, vacation getaway, or income-producing property. Resort-style amenities include four sparkling pools, four spas, and four tennis courts. Surrounded by hiking and biking trails, with Tahquitz Creek Golf Resort and Vons Rim Rock shopping center just across the street, plus easy access to Palm Springs dining, shopping, and entertainment--this location can't be beat. A rare hidden gem, ready for your upgrades and personal touch. Don't miss this opportunity!

Nearby schools

4/10
Cahuilla Elementary School
Public,K-53.2mi
4/10
Raymond Cree Middle School
Public,6-84.6mi
4/10
Desert Learning Academy
Public,K-122.6mi
6/10
Palm Springs High School
Public,9-122.6mi
Condition Rating
Fair

The property was built in 1979, making it 45 years old. The listing explicitly states it is 'ready for your upgrades and personal touch' and that its age suggests 'some systems, finishes, or appliances may be original or dated.' While the exterior appears well-maintained in the provided image, the interior, particularly the kitchen and bathrooms, is implied to be outdated and requires modernization, aligning with the 'Fair' condition criteria for properties built over 20 years ago that require minor updates or repairs.
Pros & Cons

Pros

Fee Land Ownership: The property is situated on 'FEE land,' meaning the owner holds full title to the land, a significant advantage in Palm Springs where many properties are on leased land.
Short-Term Rental Potential: As one of the few communities permitting short-term rentals (5-day minimum), this property offers excellent income-generating potential for investors or flexibility for part-time residents.
Prime Location & Resort Amenities: Located in highly sought-after South Palm Springs, it boasts resort-style amenities including four pools, four spas, and four tennis courts, with easy access to golf, shopping, dining, and hiking trails.
Largest Floorplan: This unit features the largest floorplan in the community, including an oversized primary suite with a sitting area, providing ample living space and comfort.
Pleasant Views & Outdoor Space: Enjoy serene northern views of the pool from the living room, kitchen, and primary suite, complemented by a covered patio perfect for relaxation and entertaining.

Cons

Requires Upgrades: The property is described as 'ready for your upgrades and personal touch,' indicating that it may require additional investment to modernize or customize to current tastes.
Age of Property: Built in 1979, the property's age suggests that some systems, finishes, or appliances may be original or dated, potentially leading to higher maintenance or renovation costs.
Upstairs Unit: Being an upstairs unit, it may present accessibility challenges for some buyers and could be less desirable than ground-floor units for those seeking direct outdoor access or avoiding stairs.

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