588 E San Lorenzo Road 202, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

588 E San Lorenzo Road 202, Palm Springs, California 92264 home-pic-0
ACTIVE$565,000
588 E San Lorenzo Road 202, Palm Springs, California 92264
2Beds
2Baths
991Sqft
31,798.801Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Fee Simple Ownership: The property offers coveted Fee Simple ownership, which is highly desirable in Palm Springs as it avoids the complexities and limitations often associated with leased land.
Top Cons:
High Monthly Association Fees: The property carries a significant monthly association fee of $598.0, which adds a substantial ongoing cost to homeownership.

Compared to the nearby listings

Price:$565.0K vs avg $442.4K (+$122,550)68%
Size:991 sqft vs avg 1,307 sqft16%
Price/sqft:$570 vs avg $34094%

More Insights

Built in 1966 (59 years old).
Condition: Despite being built in 1966, this condo has undergone a 'fully renovated' and 'extensive modern renovation' as part of a 'newly released condo conversion.' The kitchen features new stainless steel appliances, modern dark cabinetry, white quartz countertops, and contemporary pendant lighting. Bathrooms are equally updated with modern vanities, vessel sinks, and new tiling. The property boasts new terrazzo-inspired tile and sleek new carpet, along with modern light fixtures and smart home features. All visible components are new or virtually new, reflecting current quality standards with no deferred maintenance.
Year Built
1966
Close
-
List price
$565K
Original List price
$565K
Price/Sqft
$570
HOA
$598
Days on market
-
Sold On
-
MLS number
25592581PS
Home ConditionExcellent
Features
Excellent View: Mountain(s), Panoramic
Deck
ViewMountain(s), Panoramic

About this home

Welcome to Querencia Palms - where home is more than a place, it's a feeling. This fully renovated 2-bedroom, 2-bath condo is part of a newly released condo conversion and is available for the first time ever! Offering coveted Fee Simple ownership (not leased land), the home showcases terrazzo-inspired tile, sleek new carpet, vibrant mid-century inspired finishes, and playful wallpaper accents with the option for buyers to choose their living room wallpaper. The chef's kitchen features stainless steel appliances, while modern upgrades include keyless smart lock entry with fingerprint access and in-unit laundry. A private balcony extends your living space outdoors, offering spectacular panoramic views of the San Jacinto Mountains as well as a serene overlook of the koi pond and flowing water features below. Community amenities include a beach-entry pool and spa, outdoor BBQ and event space, three fire pits, a dog washing station and pet relief area, plus gated access with covered parking. Perfectly located in South Palm Springs just steps from downtown, the CV Link, hiking trails, and dining. Querencia Palms blends style, comfort, and convenience with a true sense of community. A desert retreat designed for personality, charm, and well-being, so you can love where you live.

Condition Rating
Excellent

Despite being built in 1966, this condo has undergone a 'fully renovated' and 'extensive modern renovation' as part of a 'newly released condo conversion.' The kitchen features new stainless steel appliances, modern dark cabinetry, white quartz countertops, and contemporary pendant lighting. Bathrooms are equally updated with modern vanities, vessel sinks, and new tiling. The property boasts new terrazzo-inspired tile and sleek new carpet, along with modern light fixtures and smart home features. All visible components are new or virtually new, reflecting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Fee Simple Ownership: The property offers coveted Fee Simple ownership, which is highly desirable in Palm Springs as it avoids the complexities and limitations often associated with leased land.
Extensive Modern Renovation & Smart Features: This condo is fully renovated with modern upgrades including terrazzo-inspired tile, new carpet, mid-century inspired finishes, a chef's kitchen with stainless steel appliances, keyless smart lock entry with fingerprint access, and in-unit laundry.
Prime Location & Panoramic Views: Perfectly located in South Palm Springs, steps from downtown, the CV Link, hiking trails, and dining. It also boasts spectacular panoramic views of the San Jacinto Mountains and a serene overlook of the koi pond from a private balcony.
Comprehensive Community Amenities: Residents benefit from a wide array of community amenities including a beach-entry pool and spa, outdoor BBQ and event space, three fire pits, a dog washing station, pet relief area, gated access, and covered parking.
Personalization Option: Buyers have the unique option to choose their living room wallpaper, allowing for a personalized touch and immediate customization of their new home.

Cons

High Monthly Association Fees: The property carries a significant monthly association fee of $598.0, which adds a substantial ongoing cost to homeownership.
Compact Living Space: With 991 square feet for a 2-bedroom, 2-bath unit, the living space is relatively compact, which may not appeal to buyers seeking more expansive interiors.
Age of Building Structure: While the unit is fully renovated and part of a new condo conversion, the building itself was constructed in 1966, which could imply potential for older infrastructure or higher long-term maintenance costs for the association.

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