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Sold for $395,000
  • $395,000

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

    2beds
    1,175sqft
    Residential, Condominium
    Built in 1984
    -- sqft lot
    $399,800 Zestimate®
    $336/sqft
    $2,371 Estimated rent

    Home value

    $399,800

    $360,000 - $444,000

    $2,371/mo

    Zestimate® history
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    What's special

    Fresh furnishingsMountain viewsStylish vinyl flooringWide open blue skiesWhite cabinetryNew nature preservePatio facing the mountains
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Renee Bohm DRE # 01444480 760-267-1885,

    HomeSmart Professionals 760-844-7500

    Bought with:

    Chase Owens, DRE # 02019767

    Coldwell Banker Res Brokerage

    Source: CLAW,MLS#: 25525663PSMLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Living Room, Dining Area, Patio Covered
    Bedroom
    • Features: Dressing Area
    • Level: Main,Lower
    Bathroom
    • Features: Shower Over Tub
    Kitchen
    • Features: Remodeled
    Heating
    • Central, Electric
    Cooling
    • Air Conditioning, Central Air, Electric
    Appliances
    • Included: Microwave, Electric Oven, Range, Disposal, Range/Oven, Refrigerator, Vented Exhaust Fan, Washer, Dryer, Dishwasher, Electric Water Heater
    • Laundry: Outside, Laundry Closet Stacked
    Features
    • Turnkey, Dining Area
    • Flooring: Ceramic Tile, Vinyl Plank
    • Doors: Sliding Doors, Mirrored Closet Door(s)
    • Windows: Blinds, Screens, Double Pane Windows
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 1,175
    • Total interior livable area: 1,175 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached Carport, Gated, Covered, On Site
    • Carport spaces: 2
    Features
    • Levels: One
    • Stories: 2
    • Entry location: Ground Level - no steps
    • Patio & porch: Patio, Tile
    • Pool features: In Ground, Heated, Community
    • Spa features: Community, Heated, In Ground
    • Fencing: Block
    • Has view: Yes
    • View description: Golf Course, Mountain(s), Panoramic
    Lot
    • Size: 1,307 Square Feet
    • Features: On Golf Course
    Details
    • Parcel number: 502573089
    • Zoning: RGA
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Residential, Condominium
    • Attached to another structure: Yes
    Materials
    • Stucco
    • Foundation: Slab
    • Roof: Clay
    Condition
    • Updated/Remodeled
    • Year built: 1984

    Utilities & green energy

    • Sewer: In Connected and Paid
    • Water: Public
    • Utilities for property: Cable Available, Underground Utilities

    Community & HOA

    Community
    • Features: Golf
    • Security: Gated Community, Gated, Card/Code Access, Carbon Monoxide Detector(s), Smoke Detector(s)
    • Subdivision: Mesquite Country Club
    HOA
    • Has HOA: Yes
    • Amenities included: Spa/Hot Tub, Pool, Tennis Court(s)
    • Services included: Trash, Cable TV
    • HOA fee: $507 monthly
    Location
    • Region: Palm Springs

    Financial & listing details

    • Price per square foot: $336/sqft
    • Tax assessed value: $499,392
    • Annual tax amount: $6,047
    • Date on market: 4/15/2025

    Price history

    DateEventPrice
    7/25/2025Sold$395,000-1%$336/sqft
    Source: CLAW #25525663PS Report a problem
    7/25/2025Pending sale$399,000$340/sqft
    Source: CLAW #25525663PS Report a problem
    7/10/2025Contingent$399,000$340/sqft
    Source: CLAW #25525663PS Report a problem
    7/6/2025Price change$399,000-9.1%$340/sqft
    Source: CLAW #25525663PS Report a problem
    4/15/2025Listed for sale$439,000-8.5%$374/sqft
    Source: CLAW #25525663PS Report a problem
    7/29/2022Sold$480,000-4%$409/sqft
    Source: Public Record Report a problem
    6/23/2022Contingent$499,900$425/sqft
    Source: CRMLS #PW22106363 Report a problem
    5/31/2022Listed for sale$499,900+108.3%$425/sqft
    Source: CRMLS #PW22106363 Report a problem
    6/20/2018Sold$240,000+4.3%$204/sqft
    Source: Public Record Report a problem
    4/9/2017Listing removed$230,000$196/sqft
    Source: Bennion Deville Homes #16112784PS Report a problem
    1/18/2017Price change$230,000-3.4%$196/sqft
    Source: Bennion Deville Homes #16112784PS Report a problem
    10/4/2016Price change$238,000-2.5%$203/sqft
    Source: Bennion Deville Homes #16112784PS Report a problem
    4/8/2016Listed for sale$244,000-0.4%$208/sqft
    Source: Bennion Deville Homes #16112784PS Report a problem
    3/23/2015Listing removed$245,000$209/sqft
    Source: HOM Sotheby's International Realty #14-815421ps Report a problem
    2/28/2015Listed for sale$245,000$209/sqft
    Source: HOM Sotheby's International Realty #14-815421ps Report a problem
    1/8/2015Listing removed$245,000$209/sqft
    Source: HOM Sotheby's International Realty #14-815421ps Report a problem
    12/17/2014Listed for sale$245,000-1.6%$209/sqft
    Source: HOM Sotheby's International Realty #14-815421ps Report a problem
    7/20/2014Listing removed$249,000$212/sqft
    Source: Bennion and Deville Fine Homes SoCal, Inc. #14757519PS Report a problem
    5/23/2014Listed for sale$249,000+13.2%$212/sqft
    Source: HOM Sotheby's International Realty #14757519PS Report a problem
    4/15/2010Sold$220,000-4.3%$187/sqft
    Source: Public Record Report a problem
    3/20/2010Price change$229,900-4.2%$196/sqft
    Source: Michael Hilgenberg #21385958 Report a problem
    3/1/2010Price change$239,900-3.7%$204/sqft
    Source: Michael Hilgenberg #21385958 Report a problem
    12/26/2009Listed for sale$249,000+32.4%$212/sqft
    Source: Michael Hilgenberg #21385958 Report a problem
    5/22/2003Sold$188,000+1.6%$160/sqft
    Source: Public Record Report a problem
    8/28/2001Sold$185,000$157/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,047 -2.6%$499,392 +2%
    2024$6,207 -1.8%$489,600 +2%
    2023$6,322 +76.8%$480,000 +86.5%
    2022$3,576 +2%$257,325 +2%
    2021$3,507 +4.5%$252,281 +1%
    2020$3,356 $249,695 +2%
    2019-- $244,800 +7.9%
    2018$3,080 +1.4%$226,880 +2%
    2017$3,037 $222,432 +2%
    2016$3,037 +7.3%$218,071 +1.5%
    2015$2,830 +1.6%$214,798 +2%
    2014$2,785 $210,594 +5.8%
    2013-- $199,000 +4.2%
    2012-- $191,000 -5.2%
    2011-- $201,505 -4.5%
    2010-- $210,933 -0.2%
    2009-- $211,436 +2%
    2008-- $207,291 +2%
    2007-- $203,228 +2%
    2006-- $199,244 +2%
    2005-- $195,338 +3.6%
    2003-- $188,597 +2%
    2002-- $184,900 +23.3%
    2001$1,835 +16.2%$150,000 +17.2%
    2000$1,579 $128,000
    Find assessor info on the county website

    Neighborhood: 92264

    Nearby schools

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    Estimated market value
    $399,800
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    Estimated market value
    $399,800