277 E Alejo Rd Palm Springs
1 / 33

277 East Alejo Rd, 204, Palm Springs, CA 92262

$270K1bd · 1ba · 546 sqft
Lot 546 sqft•HOA $568.53/mo•Condominium•
Active
•13d on market•MLS# OC-26224748

Property Description

Why buy this home? Spectacular mountain views, Downtown walkable, updated / turnkey furnished, elevator to your front door from secure, clean and cool subterranean parking, significant recent completed infrastructure complex improvements, utilities provided at no cost to owners, and of course, classic Mid-Century architecture and Palm Springs history. Welcome to the 66 villa iconic mid-century modern Villa Alejo. Villa 204 is an opportunity to live in a piece of history while enjoying today’s Palm Springs lifestyle. Enter the property as Frank, Dean, and Sammy did, through the double bronze doors into a grand lobby featuring the original terrazzo floors, updated mid-century furnishings, and classic artwork. Step outside to discover the supersized inviting pool, Jacuzzi, and common area retreats. The property features a lower-level gym, a BBQ area, and underground parking, notably the first subterranean parking garage built in Palm Springs. Modernized elevators connect the villas directly to the designated parking area. The community recently completed extensive renovations, including updates to the elevators, decks, roofing, plumbing, electrical systems, and painting. Notably, Villa Alejo has been featured twice on Palm Springs Modernism Week tours. Villa 204 is a luxury furnished, updated home with mountain and park views: featuring high ceilings, an open floor plan, and a spacious chef's kitchen with a new refrigerator and range. The living area is bright and includes a newer wall-mounted television and ceiling surround-sound speakers. The bedroom offers mountain views from a built-in king-sized bed, framed by classic Palm Springs breeze block and new double-pane windows with shades. In-unit washer and dryer included. Outdoor mezzanine seating and lounge area with views! Villa Alejo is steps from downtown Palm Springs and is a short walk to the Arenas District, the casino, theaters, shopping, museums, restaurants, and live entertainment. Note: No car required for nights out. Lastly, the cost of all electricity (including air conditioning), water, and trash is included at no cost to owners. The HOA policy includes earthquake coverage insurance, check for details. Welcome home - You are the celebrity now!!!

Features & Amenities

Villa AlejoLeaseBuilt 1966

Property Details

Subdivision
Villa Alejo
Land Type
Lease
Year Built
1966
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
1
Cooling
See Remarks
View
Mountain(s), Park/Greenbelt
Flooring
Tile
Roof
Composition
City
Palm Springs
Zip Code
92262
County
Riverside
Listed byEvolve Realty, Steve Weiser

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,364.76
Principal & Interest
Loan Amount
$215,920
Total Interest
$275,394
Total Payment Over 30 Years
$491,314
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 · 5 active · 5 closed

277 East Alejo Rd, 204, Palm Springs, CA 92262

Villa Alejo · Palm Springs · Condominium · Lease Land

$270K
Affordable Tier
Beds
1
Baths
1
Sqft
546
Lot
546 sqft
Year
1966
$/Sqft
$494
Pool: No✓
Spa: No✓
View: mountain✓
Garage: 1-car✓

Listed 7.7% below the median closed sale of $292,500. Price per sqft ($494) is a 24% premium to closed comps ($397).

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $270K· $494/sqft
Total list price
Closed comps
vs closed median $293K
−$23K (−7.7%)
Active comps
vs active median $267K
+$3K (+1.1%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $363
+$131 (+36.2%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
470 Calle EnciliaPalm Springs1985115680$431$245,00027169
467 Calle El SegundoPalm Springs198511568871$442$251,00022169
1050 Ramon RoadPalm Springs197911790871$338$267,0001666
1050 Ramon RoadPalm Springs197922916871$294$269,000157
1490 Camino RealPalm Springs1974228891,307$309$275,0004251
Total: 5 · Average1.41.4746.2980$362.8$261,400110.2
Median790$267,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
222 Calle El SegundoPalm Springs198307/13/202611653871$255,000$255,000$3911.0018372
500 Amado RoadPalm Springs198609/29/2026127360$299,000$292,500$3970.984571
500 Amado RoadPalm Springs198606/08/202612736871$299,000$297,500$4040.995869
500 Amado RoadPalm Springs198507/10/202612736871$315,000$290,000$3940.9213768
500 Amado RoadPalm Springs198611/17/2025127360$289,900$295,000$4011.0211566
Total: 5 · Average1.01.8719.4871$286,000$286,000$397.4—107.6
Median736$292,500$292,500

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.