Turnkey Palm Springs Investment Opportunity on FEE Land - Seller Offering to Cover Buyer's Closing Costs!Welcome to 5265 E Waverly Dr #72--a bright, updated 2-bedroom, 2-bath upper-level condo in the highly desirable Palm Canyon Villas. The seller is motivated and will cover the buyer's closing costs when using the seller's preferred escrow company, making this an exceptional opportunity for savvy buyers or investors.Whether you're seeking a full-time residence, weekend escape, or income-producing vacation rental, this property checks all the boxes--and it's located on fee land (you own the land, no lease fees!).Inside, you'll find a stylish open layout with vinyl plank flooring, upgraded bathrooms, and a well-appointed kitchen. The primary suite offers generous closet space, while the second bedroom is ideal for guests or a dedicated office. In-unit laundry and a brand-new AC installed in September 2024 add year-round comfort and convenience.Unwind on the spacious private balcony with sparkling pool views, or head down to enjoy one of the community's multiple pools, spas, or tennis courts. Ideally located near Trader Joe's, Starbucks, Target, and all the best of Palm Springs, this condo is perfectly positioned for both lifestyle and investment.Turnkey, low-maintenance, and ready to go--don't miss out on this deal-sweetened opportunity in sunny Palm Springs!
Sold for $325,000 on 08/19/25
Listing Provided by:
Luke Smith DRE #02059916 760-350-9253,
Compass,
Caroline Snyder DRE #02231274 760-507-6672,
Compass
$325,000
5265 E Waverly Dr UNIT 72, Palm Springs, CA 92264
2beds
945sqft
Condominium
Built in 1979
-- sqft lot
$305,200 Zestimate®
$344/sqft
$2,098 Estimated rent
What's special
Zillow last checked: 8 hours ago
Listing updated: August 19, 2025 at 03:26pm
Listing Provided by:
Luke Smith DRE #02059916 760-350-9253,
Compass,
Caroline Snyder DRE #02231274 760-507-6672,
Compass
Bought with:
Stephanie Turrentine, DRE #01504280
Windermere Real Estate
Source: CRMLS,MLS#: 219127656PS
Originating MLS: California Desert AOR & Palm Springs AOR

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Refrigerator
- Laundry: Laundry Closet
Features
- Furnished
- Flooring: Vinyl
- Has fireplace: No
- Furnished: Yes
Interior area
- Total interior livable area: 945 sqft
Property
Parking
- Parking features: Other
Features
- Has private pool: Yes
- Pool features: Community, In Ground
- Spa features: Community, In Ground
- Has view: Yes
- View description: Pool
Lot
- Size: 871 sqft
Details
- Parcel number: 681295012
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1979
Community & neighborhood
Community
- Community features: Pool
Location
- Region: Palm Springs
- Subdivision: Palm Canyon Villas
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $485 monthly
- Amenities included: Maintenance Grounds, Other Courts, Tennis Court(s)
- Association name: Palm Canyon Villas
Other
Other facts
- Listing terms: Cash,Cash to New Loan