Listing cover photo
1 / 1

353 N Hermosa Drive, 9c2, Palm Springs, CA 92262

$399K2bd · 2ba · 849 sqft
Lot 0 sqft•HOA $375/mo•Condominium•
Active
•163d on market•MLS# 219147242

Property Description

Located in the heart of Palm Springs, this Casa Verde condo offers a rare opportunity to own a proven income-producing property with 30+ day rentals permitted. Future bookings are already in place and may be honored or canceled at the buyer's discretion, making this an ideal option for those seeking both personal enjoyment and strong rental potential. With the largest floor plan in the community and some of the best mountain views in the complex, the home combines comfort, location, and investment appeal in one attractive package. This residence blends comfort with strong rental appeal. Vaulted ceilings in the living room, dining area, and guest bedroom create an open, airy feel, while the spacious primary suite features a walk-in closet and private balcony ideal for morning coffee or evening sunsets. Both bedrooms offer en suite bathrooms, and a dedicated laundry room adds convenience for owners and guests alike. Casa Verde's gated grounds are surrounded by mature landscaping and resort-style amenities including two pools, two spas, tennis and pickle ball courts, a putting green, and covered parking. Just blocks from the convention center, casino, downtown dining, shopping, entertainment, and nightlife, this central location continues to attract seasonal visitors, long-term renters, and full-time residents alike.

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
Central
Cooling
Ceiling Fan(s)
View
Mountain(s)
Flooring
Carpet, Tile
City
Palm Springs
Zip Code
92262
County
Riverside
Listed byRealty Trust, Sandra Quinn·760-861-5150

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,017.56
Principal & Interest
Loan Amount
$319,200
Total Interest
$407,122
Total Payment Over 30 Years
$726,322
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

353 N Hermosa Drive, 9c2, Palm Springs, CA 92262

Casa Verde · Palm Springs · Condominium · Lease Land

$399K
Affordable Tier
Beds
2
Baths
2
Sqft
849
Lot
0 sqft
Year
1984
$/Sqft
$470
Pool: Yes✓
Spa: Yes✓
View: mountain✓

Listed 24.7% above the median closed sale of $320,000. Price per sqft ($470) is a 38% premium to closed comps ($341).

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $399K· $470/sqft
Total list price
Closed comps
vs closed median $320K
+$79K (+24.7%)
Active comps
vs active median $179K
+$220K (+122.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $307
+$163 (+53.3%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2800 Los Felices CirclePalm Springs198211589436$288$169,9003865
575 Villa CourtPalm Springs198111589589$304$179,0003965
2860 Los Felices RoadPalm Springs198111589624$340$199,9994665
2857 Los FelicesPalm Springs198111589700$314$185,00010664
2820 Arcadia CourtPalm Springs198211589817$287$169,0002063
Total: 5 · Average1.01.0589633.2$306.6$180,579.849.8
Median589$179,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
5301 Waverly DrivePalm Springs197910/05/202622887871$310,000$310,000$3491.00279
5265 Waverly DrivePalm Springs197910/05/202622945892$209,000$205,000$2170.9811574
2601 Broadmoor DrivePalm Springs198510/09/2026221,1300$335,000$320,000$2830.9513770
290 San Jacinto DrivePalm Springs198209/09/2026117921,307$419,000$409,000$5160.985667
334 Santa Elena RoadPalm Springs197609/25/2026221,088650$385,000$370,000$3400.968267
Total: 5 · Average1.81.8968.4930$322,800$322,800$341—78.4
Median945$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.