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2345 Cherokee Way, 86, Palm Springs, CA 92264

$429K2bd · 2ba · 1,374 sqft
Lot 1,307 sqft•HOA $988/mo•Condominium•
Active
•14d on market•MLS# 219154414

Property Description

Welcome to one of the largest two-bedroom, two-bath + den floor plans, at the highly desirable Oasis Resort in South Palm Springs. This rarely available ground-level residence offers exceptional privacy with no one above and lives like a serene Mediterranean villa in a beautifully landscaped resort setting. A charming private courtyard welcomes you into the home. Inside, the beautifully updated open floor plan features a light-filled living room with vaulted ceilings, which flows seamlessly into the dining area, creating an inviting space for relaxing or entertaining. The well-appointed kitchen offers wraparound granite countertops, abundant modern Shaker cabinetry and stainless steel appliances including a gas range. Spanning nearly 1,400 square feet, the thoughtful layout features two generously sized bedrooms positioned on opposite sides of the home, including a primary suite with a walk in shower and large storage vanity. A versatile den provides the perfect option for a third bedroom, media room, or a bright work-from-home space. Outdoor living is equally impressive enhanced by classic Spanish-style pergola, creating an ideal setting for al fresco dining, lounging, and taking in the stunning mountain views. Additional highlights include abundant storage and a highly desirable attached two-car garage. Life at the Oasis Resort offers a serene lifestyle across 27 acres of beautifully maintained desert gardens. Residents enjoy eight heated pools, nine spas, five tennis courts, pickleball, bocce ball, a basketball hoop, a fitness center, clubhouse, on-site management, and plentiful guest parking within a gated community. Scenic walking paths, fountains, and lush landscaping create a peaceful environment throughout. Located directly across from the iconic Parker Palm Springs Hotel and just minutes from downtown Palm Springs' renowned dining, shopping, and nightlife. The community also allows short-term rentals (subject to Palm Springs city ordinances), providing flexibility for personal enjoyment and potential income. Welcome home!

Features & Amenities

Oasis Resort CondosLeaseBuilt 1986

Property Details

Subdivision
Oasis Resort Condos
Land Type
Lease
Year Built
1986
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
4
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
Mountain(s), Park/Green Belt
Flooring
Laminate, Tile
City
Palm Springs
Zip Code
92264
County
Riverside
Listed byEquity Union, Richie Usher·619-782-4518

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,169.26
Principal & Interest
Loan Amount
$343,200
Total Interest
$437,733
Total Payment Over 30 Years
$780,933
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Oasis Resort Condos

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

View Oasis Resort Condos Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

2345 Cherokee Way, 86, Palm Springs, CA 92264

Oasis Resort Condos · Palm Springs · Condominium · Lease Land

$429K
Affordable Tier
Beds
2
Baths
2
Sqft
1,374
Lot
1,307 sqft
Year
1986
$/Sqft
$312
Pool: No✓
Spa: No✓
View: mountain✓
Garage: 2-car✓

Listed 4.9% above the median closed sale of $409,000. Closed comps sold at 94% of list — buyers have negotiating leverage.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $429K· $312/sqft
Total list price
Closed comps
vs closed median $409K
+$20K (+4.9%)
Active comps
vs active median $425K
+$4K (+0.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $342
−$30 (−8.9%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2345 Cherokee Way WayPalm Springs1986231,2200$303$369,9001893
2440 Linden WayPalm Springs1974221,1551,742$406$469,0002779
2367 Miramonte CirclePalm Springs1974221,1881,742$311$369,0005777
2389 Miramonte CirclePalm Springs1974221,1551,742$389$449,00019176
2234 Linden WayPalm Springs1977321,4042,178$303$425,00017372
Total: 5 · Average2.22.21,224.41,851$342.4$416,38093.2
Median1,188$425,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2345 Cherokee WayPalm Springs198604/23/2026321,3741,307$499,000$409,000$2980.825594
2262 Linden WayPalm Springs197707/13/2026221,2410$499,000$480,000$3870.962878
2240 Miramonte CirclePalm Springs197705/07/2026321,4040$460,000$450,000$3210.988775
2262 Linden WayPalm Springs197707/24/2026221,2412,178$410,000$399,900$3220.979475
2542 MiramontePalm Springs197407/16/2026221,1551,742$425,000$400,000$3460.9416275
Total: 5 · Average2.42.01,2831,742.333$427,780$427,780$334.8—85.2
Median1,241$409,000$409,000

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.