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505 S Farrell Drive S115 — Palm Springs — 1 Bed • 1 Bath • 797 Sq Ft | Belmont Brokerage | Belmont Brokerage

Active

OPEN APR 18 · 12PM – 3PM

+22 more

$299,000

88 DOM

$375/sqft1 bd1 ba797 sqftHOA ~507/mo

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505 S Farrell Dr S115 Palm Springs, CA 92264

1,307sqft lot

Wow! Incredible value for a single-level condo on fee land (no lease) with low HOA in Palm Springs. This fully furnished, turnkey home in the gated Mesquite Country Club offers comfort, privacy, and resort-style living.Enjoy unobstructed mountain views, soaring vaulted ceilings, and no unit above--an uncommon find at this price point. Designed for seamless indoor-outdoor living, the condo features two private patios perfect for morning coffee and evening sunsets. Inside, recent updates include fresh paint, upgraded lighting, modern appliances, and refreshed bathroom features. The spacious bedroom offers a king-size bed and direct access to a rear patio overlooking the greenbelt. Ideally located just steps from covered parking and a pool and spa, this home sits in one of the community's most desirable locations. Amenities include multiple pools and spas, tennis and pickleball courts, and access to scenic walking paths. HOA covers water, sewer, trash, cable, internet, and more. With 7-day minimum rentals allowed, this is a fantastic primary residence, vacation home, or investment opportunity. Just minutes from downtown Palm Springs dining, shopping, and entertainment--this is desert living at its best.

MLS 219141423PS

(760) 564-9575 (Office) (818) 590-4099 (Cell) josh@marxrealestategroup.com

Est. payment

$2,417/mo

Principal & interestTaxesInsuranceHOA

$1,512$311$87$507

Down %

Rate %

Years

Down payment: $59,800 · Total cost: $604,086

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$2,417/mo

Principal & interest: $1,512
Est. property tax: $311
Est. insurance: $87
HOA (normalized / mo): $507
Down payment: $59,800

Est. gross rent$1,246/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-1,171/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Virtual Tour

Explore 3D Space

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Price History

Event	Date	Price	Change
Listed	Sep 17, 2025	$319,000	—

Facts & Features

Transaction Data

▼Price Reduced from $319,000 (−$20,000)

HOA Fee$507/monthly

Structure & Property

Year Built1985

(760) 564-9575 (Office) (818) 590-4099 (Cell) josh@marxrealestategroup.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

505 S Farrell Drive S115, Palm Springs, CA 92264

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505 S Farrell Dr S115 Palm Springs, CA 92264

About this home

Josh Marx

Est. monthly payment

Mortgage vs rent

Virtual Tour

Price History

Facts & Features

Transaction Data

Structure & Property

Josh Marx

Sale & Tax History

No Recent Sales History

Location

Location

Open Houses

Listing Agent

Presented by Belmont Brokerage Inc.

505 S Farrell Drive S115, Palm Springs, CA 92264

About This Property

Property Photos

505 S Farrell Dr S115 Palm Springs, CA 92264

About this home

Josh Marx

Est. monthly payment

Mortgage vs rent

Virtual Tour

Price History

Facts & Features

Transaction Data

Structure & Property

Josh Marx

Sale & Tax History

No Recent Sales History

Location

Location

Open Houses

Listing Agent

Presented by Belmont Brokerage Inc.