Resort Living In Palm Springs
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277 East Alejo Road, 220, Palm Springs, CA 92262

$389K2bd · 2ba · 1,131 sqft
Lot 0 sqft•HOA $1068/mo•Condominium•
Active
•16d on market•MLS# PS-26992749

Property Description

**ICONIC ARCHITECTURE. DOWNTOWN LOCATION. STUNNING MOUNTAIN VIEWS.** This stylish 2-bedroom, 2-bath residence at the iconic Robert Meyers & Victor Koozin-designed Villa Alejo puts the very best of Palm Springs right outside your door. Beautifully updated & offered with negotiable turnkey furnishings, this is a move-in-ready desert retreat with an unbeatable downtown location. Thoughtful recent improvements include a custom-fabricated air handler with new equipment ($6,000), electrical panel, quartz countertops in the kitchen, bar & guest bath, updated lighting in the kitchen, dining area & bathrooms, modern switches, outlets & cover plates, fresh interior paint, new carpeting throughout, & new up/down window coverings in the kitchen & primary bedroom. The kitchen features newer stainless-steel appliances, including hood, range, dishwasher & refrigerator, along with a stainless-steel sink & new faucet. Both bathrooms have also been refreshed with new toilets, mirrors, lighting & faucets. Enjoy stunning mountain views from the patio & kitchen, while the resort-style setting provides a spectacular pool & spa, lush landscaped grounds, fitness room, elevators, community laundry, secure entry & one gated covered parking space. The building has also recently undergone extensive exterior improvements & plumbing-system updates. And then there is the **LOCATION**. From Villa Alejo, you're just steps from downtown Palm Springs attractions, including the Plaza Theatre, casino & spa, Palm Springs Art Museum, Marilyn Monroe statue, restaurants, galleries, coffee shops & VillageFest. The celebrated Movie Colony District is adjacent, with the Museum Trail approximately a five-minute walk away. **HOA dues cover ALL UTILITIES** including electricity, air conditioning, water, landscaping, sewer & trash leaving only internet/cable for the owner to arrange. Pet-friendly community welcomes cats & dogs up to 25 lbs. Originally built in 1966, Villa Alejo embodies classic Palm Springs Mid-Century Modern style & was featured for the first time during Modernism Week in both 2023 & 2024. Whether you're seeking a full-time residence, private desert getaway, or potential rental opportunity subject to applicable rules & regulations, this beautifully updated home delivers iconic architecture, resort-style amenities, spectacular mountain views & one of the city's most walkable locations. Turnkey furnishings are negotiable, & Seller Financing is an option.

Features & Amenities

Villa AlejoLeaseBuilt 1966

Property Details

Subdivision
Villa Alejo
Land Type
Lease
Year Built
1966
Property Type
Residential
Property Subtype
Condominium
Heating
Central, Heat Pump
Cooling
Central Air
View
City Lights, Mountain(s), Panoramic, Pool, Water
City
Palm Springs
Zip Code
92262
County
Riverside
Listed byUnknown Office, Jonathan Olow

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,967.00
Principal & Interest
Loan Amount
$311,200
Total Interest
$396,918
Total Payment Over 30 Years
$708,118
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Villa Alejo

This property is located in Villa Alejo, a community in Palm Springs. Explore more listings in this neighborhood to compare options and pricing.

View Villa Alejo Listings

Comparative Market Analysis

Affordable Tier · 4 active · 5 closed

277 East Alejo Road, 220, Palm Springs, CA 92262

Villa Alejo · Palm Springs · Condominium · Lease Land

$389K
Affordable Tier
Beds
2
Baths
2
Sqft
1,131
Lot
0 sqft
Year
1966
$/Sqft
$344
Pool: Yes✓
Spa: Yes✓
View: city✓

Listed 5.1% above the median closed sale of $370,000.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $389K· $344/sqft
Total list price
Closed comps
vs closed median $370K
+$19K (+5.1%)
Active comps
vs active median $249K
+$140K (+56.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $277
+$68 (+24.4%)

Active Properties (4)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
5301 Waverly DrivePalm Springs1979128870$224$199,000465
5301 Waverly DrivePalm Springs197912887871$303$269,00011464
1865 VíA MiralestePalm Springs1980118540$292$249,0006460
353 Via EscuelaPalm Springs198011854854$287$245,00014959
Total: 4 · Average1.01.5870.5862.5$276.5$240,50082.75
Median887$249,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
588 San Lorenzo RoadPalm Springs196609/28/2026221,1500$559,000$559,000$4861.004576
1407 Sunrise WayPalm Springs197308/31/2026221,0671,306$288,800$278,000$2610.968775
334 Santa Elena RoadPalm Springs197609/25/2026221,088650$385,000$370,000$3400.968273
815 Arenas RoadPalm Springs197909/01/2026221,1760$425,000$407,500$3470.9613371
2098 Normandy CourtPalm Springs198110/02/2026221,3051,742$375,000$370,000$2840.997971
Total: 5 · Average2.02.01,157.21,232.667$396,900$396,900$343.6—85.2
Median1,150$370,000$370,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.