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505 S Farrell Dr O89, Palm Springs, CA 92264

Sale Price: $395,000
Apr 15, 20251,175 sqft2 beds2 baths
Listed by: Renee Bohm
License #: 01444480
Phone #: 760-267-1885
HomeSmart Professionals
Source:
CRMLS Logo
MLS #: 25525663PS

Property Description

Desert Dream Retreat in Mesquite Country Club! Please find a Super Stylishly Renovated 2BR/2BA Condo with Mountain Views & Income Potential. This is how to relax in Palm Springs, on the new nature preserve which used to be the Mesquite golf course. Wake up to wide open blue skies, stunning mountain views, and peaceful mornings with coffee on the patio. Located in the gated community of Mesquite Country Club, this 2-bedroom, 2-bathroom ground-floor condo offers a quiet, serene setting just steps from the pool, spa, tennis courts, pickleball courts, and scenic walking paths. The condo features stylish vinyl flooring throughout, fresh furnishings, and a recently painted interior. The updated kitchen includes white cabinetry and modern appliances, and the patio facing the mountains offers the perfect space to relax and enjoy the views. The primary bedroom opens to the patio and includes an en-suite bath with double sinks, while the guest bedroom enjoys its own private patio. Additional features include a newer HVAC system, newer stackable washer/dryer, and turnkey furnishings with the right offer. One of the most desirable features of this condo is its 7-day minimum rental policy, a rare find in Palm Springs. This gives you the flexibility to generate short-term rental income while still enjoying the property as your own personal retreat. The condo also boasts a strong track record as a guest favorite with consistent Super Host status and a 4.95-star rating, ensuring a reliable income stream for investors. Centrally located near downtown Palm Springs, shopping, dining, and the airport. Whether you're seeking a vacation home or a rental income opportunity, this condo offers the perfect balance of style, serenity, location, and potential.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$7,899

TurboHome Estimated Value

$462,800

$394 sqft

High Valuation
$485,940
$414/sqft
Normal Valuation
$462,800
$394/sqft
Low Valuation
$439,660
$374/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$394/sqft$462,800

Neighborhood: Mesquite Country Club

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Comparative Value

$290K

$300K

$340K

$395K

$400K

505 S Farrell Dr J56, Palm Springs, CA 92264

Sale Price: $290,000

Selected Comparable

505 S Farrell Dr E30, Palm Springs, CA 92264

Sale Price: $300,000

Selected Comparable

500 S Farrell Dr E38, Palm Springs, CA 92264

Sale Price: $339,999

Selected Comparable

505 S Farrell Dr O89, Palm Springs, CA 92264

Sale Price: $395,000

Selected Comparable

505 S Farrell Dr O89, Palm Springs, CA 92264

List Price: $399,000

Subject Property

505 S Farrell Dr S117, Palm Springs, CA 92264

Sale Price: $400,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
505 S Farrell Dr O89, Palm Springs, CA 92264

505 S Farrell Dr O89, Palm Springs, CA 92264

List: $399,000

Listed: 4/15/2025

Area:1,175 sqft
Price/sqft:$340
Beds:2
Baths:2
Year Built:
Lot Size:1,306

Comparable Properties

COMPARABLE
Choose comps
505 S Farrell Dr O89, Palm Springs, CA 92264

505 S Farrell Dr O89, Palm Springs, CA 92264

Sale: $395,000

7/25/20250.00 mi

Area:1,175 sqft
Price/sqft:$336
Beds:2
Baths:2
Year Built:
Weight:21.0%
505 S Farrell Dr S117, Palm Springs, CA 92264

505 S Farrell Dr S117, Palm Springs, CA 92264

Sale: $400,000

7/21/20250.07 mi

Area:1,175 sqft
Price/sqft:$340
Beds:2
Baths:2
Year Built:
Weight:20.8%
505 S Farrell Dr E30, Palm Springs, CA 92264

505 S Farrell Dr E30, Palm Springs, CA 92264

Sale: $300,000

4/23/20250.07 mi

Area:1,175 sqft
Price/sqft:$255
Beds:2
Baths:2
Year Built:
Weight:19.7%
505 S Farrell Dr J56, Palm Springs, CA 92264

505 S Farrell Dr J56, Palm Springs, CA 92264

Sale: $290,000

3/28/20250.07 mi

Area:1,175 sqft
Price/sqft:$247
Beds:2
Baths:2
Year Built:
Weight:19.5%
500 S Farrell Dr E38, Palm Springs, CA 92264

500 S Farrell Dr E38, Palm Springs, CA 92264

Sale: $339,999

2/10/20250.16 mi

Area:1,175 sqft
Price/sqft:$289
Beds:2
Baths:2
Year Built:
Weight:19.1%

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