CnC Realty
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$415,000

5301 Waverly #211

Palm Springs, CA 92264

Active

2

Beds

2

Baths

979

Sq. Ft.

1979

Year Built

Riverside

County

Condominium

Property Type

About this home

Don’t miss this rare, turn-key short-term rental investment in one of Palm Springs’ most desirable locations. The HOA allows short-term rentals with a minimum of just 5 days, and—critically for investors—short-term rental permits are currently available, making this property ready for the rental market immediately. Positioned in the sought-after south Palm Springs corridor, this impeccably maintained, fully furnished 2-bedroom, 2-bath ground-floor residence is guest-ready and designed to maximize bookings. As a private end unit, it offers the tranquility that today’s STR guests demand, complete with an expansive wraparound patio that delivers the quintessential indoor-outdoor desert living experience your five-star reviews will be built on. The interior checks every box for premium rental appeal: a remodeled chef's kitchen with quartz countertops, custom cabinetry, and stainless steel appliances; two tastefully upgraded bathrooms with modern finishes; and plantation shutters and energy-efficient shading to ensure a quiet, climate-controlled stay. A full-size washer and dryer add the practical convenience that longer-stay guests expect. Resort-style amenities elevate your listing’s competitive edge, featuring four pools and spas, plus tennis and pickleball courts. Located adjacent to Tahquitz Creek Golf Resort, the beautifully maintained setting photographs perfectly to help command higher nightly rates. The community is also pet-friendly, opening your rental up to the highly lucrative pet-owner market. HOA dues cover water, trash, and grounds maintenance, and assigned covered parking is included. Fully furnished. Permits available. HOA STR-friendly. Immediate STR income potential. Opportunities like this in South Palm Springs don’t last.

Listed by Joe Chung · DRE #01963102 · Coldwell Banker Realty
MLS #1156107003
ListedMar 27, 2026

Property Details

Architecture

Stories1
StyleTraditional
Total Units224
RoofN/A
Garage Spaces0
PoolN/A
SpaAssociation, Community, In Ground

Features & Amenities

Interior FeaturesCeiling Fans
Exterior FeaturesN/A
FlooringCarpet, Tile
CoolingCentral Air
HeatingCentral
FireplaceNone
LaundryLaundry Closet, Outside
Parking FeaturesAssigned
Parking Total0
Patio & PorchPatio, Wrap Around
Entry Level1
Entry LocationGround
Common WallsTwo Common Walls Or More

Property Features

Lot Size0.02 ac
Lot FeaturesN/A
ViewNone
DirectionsPlease turn onto Lawrence Crossley Rd then onto E Waverly Rd immediately into the covered parking lot 5

Community

Area334 - South End Palm Springs
School DistrictPalm Springs Unified

Tax & Financial

TermsCash, Cash To New Loan, Conventional, Exchange1031
Land LeaseNo
HOA NamePalm Canyon Villas
HOA Fee$506 / Monthly

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Mortgage Estimate

$2,209/mo

20% down · 7% APR · 30-yr fixed

Estimate only. Does not include taxes, insurance, or HOA.

CRMLSLast updated: October 21, 2026 at 8:45 PM

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