RealKey
‪(213) 433-7766‬

861 Village Square, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 3 bath

861 Village Square, Palm Springs, California 92262 home-pic-0
ACTIVE$349,999
861 Village Square, Palm Springs, California 92262
3Beds
3Baths
1,880Sqft
Lot
Year Built
1985
Close
-
List price
$350K
Original List price
$350K
Price/Sqft
$186
HOA
$779.26
Days on market
-
Sold On
-
MLS number
25628009
Home ConditionPoor
Features
Excellent View: Park/Greenbelt, Mountain(s), Panoramic, Pool
Pool
Patio
ViewPark/Greenbelt, Mountain(s), Panoramic, Pool

About this home

We found 3 Cons,5 Pros. Rank: price - $350.0K(53th), sqft - 1880(95th), beds - 3(80th), baths - 3(85th).

Here is the incredible income opportunity you have been looking for! Awesome investment opportunity for an investor or owner occupied! This is a full remodel project with huge upside potential. LOCATION LOCATION - LOCATIONJust a few blocks to downtown and so much more like restaurants, shopping, hiking and more! Both beautiful patios overlook the green way and pool. For the investor this property has huge rental or resale potential with minimum rehab to bring it back to it's top potential. Start with an empty pallet and with your creativity you can redesign this great home just the way you want it. Bring your offers because at this price this one will not last long! Get it before it's gone.

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•0.6mi
4/10
Raymond Cree Middle School
Public,•6-8•1.9mi
4/10
Desert Learning Academy
Public,•K-12•1.0mi
6/10
Palm Springs High School
Public,•9-12•1.2mi

Price History

Date
Event
Price
12/11/25
Listing
$349,999
Condition Rating
Poor
The property, built in 1985, is explicitly marketed as a 'full remodel project' and an 'empty pallet,' indicating a need for substantial repairs and rehabilitation. Images reveal an extremely outdated kitchen with original-era appliances and cabinets, missing flooring exposing subfloor, water damage on ceilings, and generally worn-out finishes throughout. This condition aligns with a 'poor' rating, requiring significant investment to make it livable and up to modern standards.
Pros & Cons

Pros

Prime Downtown Location: Situated just blocks from downtown Palm Springs, offering convenient access to restaurants, shopping, and recreational activities like hiking.
Significant Investment Potential: Explicitly highlighted as an 'incredible income opportunity' with 'huge rental or resale potential' for investors or owner-occupants willing to renovate.
Attractive Views: Features beautiful patios overlooking a greenway and pool, complemented by panoramic mountain views, enhancing desirability.
Customization & Value-Add Opportunity: Presented as a 'full remodel project' and an 'empty pallet,' providing a unique chance for buyers to customize and significantly increase property value.
Strong Local Schools: Located within proximity to well-rated public schools (e.g., Palm Springs High School rated 6, others rated 4), appealing to families.

Cons

Extensive Renovation Required: The property is explicitly described as a 'full remodel project,' indicating a substantial need for updates and associated costs and effort.
High Monthly Association Fees: The association fee of $779.26 per month is considerable and could impact affordability and investment returns.
Property Age & Potential for Outdated Systems: Built in 1985, the property is nearly 40 years old, suggesting potential for outdated infrastructure, systems, and finishes that will require replacement during the remodel.

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