5301 E Waverly Drive 198, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

5301 E Waverly Drive 198, Palm Springs, California 92264 home-pic-0
ACTIVE$299,911
5301 E Waverly Drive 198, Palm Springs, California 92264
2Beds
2Baths
887Sqft
785Lot
Year Built
1979
Close
-
List price
$300K
Original List price
$300K
Price/Sqft
$338
HOA
$506
Days on market
-
Sold On
-
MLS number
219139764DA
Home ConditionFair
Features
Good View: Mountain(s), Peek-A-Boo
Deck
ViewMountain(s), Peek-A-Boo

About this home

We found 3 Cons,5 Pros. Rank: price - $299.9K(11th), sqft - 887(15th), beds - 2(50th), baths - 2(50th).

This beautiful Palm Canyon Villas Condo is light, bright, and airy. It has been freshly painted in light gray and white colors, which blend seamlessly with the new laminate flooring. The primary bedroom is spacious enough for a king-sized bed and features a private en-suite bath with a tub/shower combination and double mirrored closet doors. The secondary bedroom is flexible and would make a great den or office space.The kitchen appliances are included, and the cabinets have also been recently painted. The unit features a private laundry space on the large balcony, which also offers room for a table and chairs or a nice, oversized lounger. A lovely grapefruit tree enhances privacy and provides a scenic view.The location is highly convenient, situated close to one of the five pools and five spas, and near the tennis courts. It is within walking distance of local shopping and a drug store. The condo is just minutes from Palm Springs street festivals, dining, shopping, and excellent golf courses.Currently, 5-day short-term rentals are allowed (please verify details with the City of Palm Springs), making this an excellent investment opportunity or a perfect weekend retreat.

Nearby schools

4/10
Cahuilla Elementary School
Public,K-53.1mi
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

Price History

Date
Event
Price
12/09/25
Listing
$299,911
10/20/00
Sold
$74,000
Condition Rating
Fair

The property, built in 1979, is 45 years old. While it has received recent cosmetic updates including fresh paint, new laminate flooring, and painted kitchen cabinets, these are not considered an extensive renovation. The kitchen features older white appliances, and the overall style, though clean, is not modern. The bathroom condition is not fully visible but likely reflects the property's age with functional but outdated fixtures. Major components are functional but show signs of being outdated, requiring minor updates to meet current aesthetic and functional standards.
Pros & Cons

Pros

Short-Term Rental Income Potential: The property explicitly allows 5-day short-term rentals, making it an attractive investment opportunity or a flexible weekend retreat in a desirable location.
Exceptional Palm Springs Location: Situated in a highly convenient area, within walking distance to local shopping and amenities, and just minutes from Palm Springs' vibrant dining, entertainment, and golf courses.
Community Resort-Style Amenities: Located within the Palm Canyon Villas, offering access to five pools, five spas, and tennis courts, providing a resort-like living experience.
Modern & Fresh Interior Updates: Recently updated with fresh paint, new laminate flooring, and painted kitchen cabinets, providing a bright, airy, and move-in ready aesthetic.
Private Outdoor Space with Laundry: Features a large private balcony with ample space for seating and includes convenient in-unit laundry facilities, enhancing comfort and privacy.

Cons

High Monthly Association Fee: The $506.0 monthly association fee is substantial and could impact affordability and overall investment returns.
Older Building Age: Built in 1979, the property is over 40 years old, which may lead to concerns about aging infrastructure or potential for future maintenance costs, despite recent cosmetic updates.
Compact Square Footage: With 887 sqft, the living space is relatively compact, which might be a limiting factor for buyers seeking more expansive living areas or those with larger household needs.

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