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1402 Guzman Lane, Palm Springs, CA 92262

$549K2bd · 2ba · 1,375 sqft
Lot 0 sqft•HOA $628/mo•Condominium•
Active
•40d on market•MLS# 219152074

Property Description

Beautifully updated and move-in ready, this upper-level condo in the gated community of Terra Vita offers the perfect balance of modern comfort and Palm Springs living. With two bedrooms, two bathrooms, soaring 9-foot ceilings, and a bright open floor plan, the home is equally suited for full-time living or a lock-and-leave desert retreat. Natural light fills the main living space, while the thoughtfully designed floor plan places the bedrooms on opposite sides of the home, creating privacy for both owners and guests. Step outside to your private balcony and enjoy the southern exposure and beautiful mountain views. Thoughtful upgrades include a premium HVAC system, updated kitchen appliances, washer and dryer, EV charger, water regulator, and hot water tank. Additional finishes include porcelain tile flooring, Caesarstone countertops, custom window coverings, a custom closet organizer, and an attached direct-access garage with epoxy flooring and built-in storage cabinets. Terra Vita continues to invest in the community with recently painted exteriors, upgraded irrigation and landscape lighting, and a new digital entry system with app access. Residents also enjoy a resort-style pool, spa, BBQ area, and an HOA that includes Spectrum premium cable and internet. Ideally located just minutes from downtown Palm Springs, shopping, dining, golf, and hiking, this beautifully maintained home offers an exceptional opportunity to enjoy everything Palm Springs has to offer.

Features & Amenities

Terra VitaLeaseBuilt 2012

Property Details

Subdivision
Terra Vita
Land Type
Lease
Year Built
2012
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
4
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
Mountain(s), Peek-A-Boo
Flooring
Carpet, Tile
City
Palm Springs
Zip Code
92262
County
Riverside
Listed byCompass, Glendon J Nadeau·805-220-8097

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,776.04
Principal & Interest
Loan Amount
$439,200
Total Interest
$560,175
Total Payment Over 30 Years
$999,375
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Terra Vita

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

View Terra Vita Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

1402 Guzman Lane, Palm Springs, CA 92262

Terra Vita · Palm Springs · Condominium · Lease Land

$549K
Affordable Tier
Beds
2
Baths
2
Sqft
1,375
Lot
0 sqft
Year
2012
$/Sqft
$399
Pool: Yes✓
Spa: Yes✓
View: mountain✓
Garage: 2-car✓

Listed 71.6% above the median closed sale of $320,000. Price per sqft ($399) is a 27% premium to closed comps ($315). Expect a longer timeline — comps averaged 158 days on market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $549K· $399/sqft
Total list price
Closed comps
vs closed median $320K
+$229K (+71.6%)
Active comps
vs active median $490K
+$59K (+12.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $442
−$43 (−9.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
213 Villorrio DrivePalm Springs2006221,1130$553$615,0004672
1018 Villorrio DrivePalm Springs2006221,1131,042$539$600,0005471
810 Palm Canyon DrivePalm Springs2006221,1161,207$439$490,0001070
357 Mariscal RoadPalm Springs1980221,0880$298$324,0004064
2601 Broadmoor DrivePalm Springs1985221,1301,307$380$429,0002363
Total: 5 · Average2.02.01,1121,185.333$441.8$491,60034.6
Median1,113$490,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
4760 Winners CirclePalm Springs198009/22/2026221,2861,910$695,000$695,000$5401.004871
1555 Chaparral RoadPalm Springs199709/04/2026221,250770$345,000$300,000$2400.8739968
2527 Whitewater Club DrivePalm Springs197209/28/2026221,3312,178$315,000$305,000$2290.9712966
2601 Broadmoor DrivePalm Springs198510/09/2026221,1300$335,000$320,000$2830.9513766
2098 Normandy CourtPalm Springs198110/02/2026221,3051,742$375,000$370,000$2840.997966
Total: 5 · Average2.02.01,260.41,650$398,000$398,000$315.2—158.4
Median1,286$320,000$320,000

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.