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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!
Listing agent: Luke Smith DRE #02059916 luke.smith@lukeesmith.com, Listing office: Compass
MLS data updated 10/25/2026, 11:03:06 PM PT
Source: CRMLS, MLS #: 219127656PS
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Aug 19, 2025
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$325,000Closed sale · Aug 19, 2025ZIP 92264 · Aug 2025
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.