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351 N Hermosa Drive, 4b2, Palm Springs, CA 92262

$212K1bd · 1ba · 633 sqft
Lot 0 sqft•HOA $375/mo•Condominium•
Active
•214d on market•MLS# 219144604

Property Description

BEST VALUE IN CENTRAL PALM SPRINGS! Fabulous value in central Palm Springs. Resort living awaits at gated Casa Verde! This adorable upper-level 1-bedroom, 1-bath condo is move-in ready and perfect for a first-time buyer, weekend retreat, downsizing opportunity, or long-term rental investment. Vaulted ceilings and abundant natural light create an open and airy feel throughout the 633 sq. ft. interior, while the thoughtfully designed layout offers comfort and functionality. The bright living space flows seamlessly into the kitchen and dining area, creating an inviting setting for relaxing or entertaining. The bedroom provides a peaceful retreat, and the convenience of an in-unit washer and dryer adds everyday ease. Enjoy effortless parking with an assigned carport space and additional guest parking. Casa Verde offers a true resort-style lifestyle with two pools, two spas, two tennis courts, an executive putting green, and beautifully maintained grounds within a secure gated community. Ideally located just minutes from downtown Palm Springs, you'll be close to renowned dining, shopping, casinos, entertainment, and the vibrant energy of Palm Canyon Drive. With low HOA dues and a prime central location, this charming condo delivers the ultimate lock-and-leave Palm Springs getaway, investment opportunity, or full-time desert home.

Features & Amenities

Casa VerdeLeaseBuilt 1984

Property Details

Subdivision
Casa Verde
Land Type
Lease
Year Built
1984
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
0
Heating
Forced Air
Cooling
Air Conditioning
View
Panoramic
Flooring
Carpet, Laminate
Roof
Common Roof, Tile
City
Palm Springs
Zip Code
92262
County
Riverside
Listed byRedfin Corporation, Marsha Kay McMahon-Jones·760-282-9361

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,071.99
Principal & Interest
Loan Amount
$169,600
Total Interest
$216,315
Total Payment Over 30 Years
$385,915
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Casa Verde

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

View Casa Verde Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

351 N Hermosa Drive, 4b2, Palm Springs, CA 92262

Casa Verde · Palm Springs · Condominium · Lease Land

$212K
Affordable Tier
Beds
1
Baths
1
Sqft
633
Lot
0 sqft
Year
1984
$/Sqft
$335
Pool: Yes✓
Spa: Yes✓
View: city✓

Listed 25.1% above the median closed sale of $169,500. Price per sqft ($335) is a 19% premium to closed comps ($281).

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $212K· $335/sqft
Total list price
Closed comps
vs closed median $170K
+$43K (+25.1%)
Active comps
vs active median $160K
+$52K (+32.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $266
+$69 (+25.9%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2810 Arcadia CourtPalm Springs198211589828$277$163,0005676
2801 Los FelicesPalm Springs1982115890$280$164,9006576
420 Villa CourtPalm Springs198111589436$255$150,00010175
2825 Los Felices RoadPalm Springs1981115891$246$145,00015874
2875 Los Felices RoadPalm Springs198111589624$272$160,0005673
Total: 5 · Average1.01.0589472.25$266$156,58087.2
Median589$160,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2800 Los FelicesPalm Springs198209/24/202611589779$176,000$169,500$2880.9610077
2821 Los Felices RoadPalm Springs198208/31/202611589436$178,800$178,000$3021.003076
550 Villa CourtPalm Springs198109/18/202611589436$160,000$155,000$2630.974376
470 Villa CourtPalm Springs198109/21/2026115890$169,900$155,000$2630.915074
685 N Ashurst CtPalm Springs198210/07/202611589774$174,999$171,000$2900.986173
Total: 5 · Average1.01.0589606.25$165,700$165,700$281.2—56.8
Median589$169,500$169,500

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.