NOT LISTED FOR SALE

Estimated Value: $697,000 - $916,000

2 Beds
2.5 Baths
1,432 Sq Ft
$556/mo HOA Fee

Last Sold August 19, 2024

Last sale price $785,000 $548 Per Sq Ft

Current estimated payment $5,053/month

Highlights

  • In Ground Pool
  • Gated Community
  • Mountain View
  • Palm Springs High School Rated A-
  • Midcentury Modern Architecture
  • End Unit

About This Home

As of August 2024

Step into the heart of Palm Springs' architectural renaissance with this stunning mid-century gem. Designed by visionary Herbert W. Burns, a pioneer of the Desert Modernism movement, this architectural masterpiece is a testament to the city's rich history. Fabulous Mid-Century Architecture: Embrace the timeless elegance of mid-century design with clean lines and striking accents that define this remarkable property. Wake up to breathtaking views of the majestic mountains every day, right from your own balcony. Amazing Downtown Location: Located just a block and a half from the vibrant downtown area, you'll be at the heart of the action, with great restaurants, shopping, casinos, and outdoor activities right at your doorstep. Resort-Style Living: Dive into the refreshing pool and relax in the spa, just steps away from your front door. Property Details: This unique condo offers a two-level townhouse style layout with two spacious bedrooms and two baths on the upper level, accessible via a mod spiral staircase. The main level features a generous living and dining area, perfect for entertaining, along with a convenient powder room. The kitchen is both spacious and functional, offering ample storage for all your culinary needs. Step outside to your private downstairs patio for a more secluded escape or head up to the balcony to soak in the stunning views of the mountains and pool area. The roof and skylights are new as of December 2023. This unit is being offered furnished, so you can move in and start enjoying the Palm Springs lifestyle immediately. Named after the historic "The Tennis Club Resort," this neighborhood is steeped in Palm Springs history, and you'll be part of it! This is your chance to own a piece of architectural history and be a part of the ongoing preservation revolution that has made Palm Springs a global architectural icon. Experience true Palm Springs living at 500 W. Arenas - where mid-century dreams become reality!

Last Agent to Sell the Property

Randall Wiemer

Desert Lifestyle Properties License #01704307 Listed on: 08/19/2024

Desert Lifestyle Properties

Last Buyer's Agent

Michael Larson

Desert Lifestyle Properties License #01416326

Desert Lifestyle Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,554

Year Built

  • Built in 1970

Lot Details

  • End Unit
  • West Facing Home
  • Gated Home

HOA Fees

  • $556 Monthly HOA Fees

Home Design

  • Midcentury Modern Architecture
  • Entry on the 1st floor
  • Stucco

Interior Spaces

  • 1,432 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Living Room
  • Dining Area
  • Mountain Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Powder Room

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Assigned Parking

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district

Listing and Financial Details

  • Assessor Parcel Number 513-501-001

Community Details

Overview

  • Association fees include trash, water
  • 10 Units
  • Community Association Financial Services Association

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,554

Year Built

Built in 1970

Lot Details

0

HOA Fees

$556 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Mid-Century
  • Levels: Two
  • Street Number Display: Yes
  • Complex Name: 500 W Arenas
  • Entry Floor: 1
  • Entry Location: Main Level
  • Living Area: 1432
  • Lot Acreage: 0.0200
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 2
  • Year Built: 1970
  • Builders Tract Name: Tennis Club - 500 West
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Vinyl Tile, Carpet
  • Appliances: Electric
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: All Bedrooms Up
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Eating Areas: Dining Area
  • Laundry: On Upper Level, In Closet
  • Total Bathrooms: 3.00
  • Equipment: Dishwasher, Dryer, Washer, Refrigerator, Garbage Disposal, Range/Oven
  • Price Per S Q F T: 548.18

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Features: Balcony, End Unit
  • Tennis Court Y/N: No
  • Patio: Patio Open, Balcony
  • Pool Description: In Ground, Community
  • Pool: Yes
  • Spa: Community, In Ground
  • Spa Yn: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Other Spaces: 1
  • Parking Garage: Parking Space, Assigned
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated
  • Water: District

Association/Amenities

  • Amenities: Spa, Gated Community, Pool
  • Pet Rules: Call, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Trash, Water
  • HOA Fees: 556.00
  • Management Company: Community Association Financial Services
  • Mgmt Co Phone: 7603237475|
  • HOA: Yes

Lot Info

  • Horses: No
  • Assessor Parcel Number: 513-501-001
  • Lot Size Area: 871

Rental Info

  • Furnished: Furnished
  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2024
Closed on
Jul 23, 2024
Sold by
Smith Matthew W and Cooke Alison D
Bought by
Jay Emerson Davis Family Trust and Davis
Seller's Agent
Randall Wiemer
Desert Lifestyle Properties
Buyer's Agent
Michael Larson
Desert Lifestyle Properties
List Price
$785,000
Sold Price
$785,000
Current Estimated Value
$784,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$75
Avg. Annual Appreciation
-0.01%

Purchase Details

Closed on
Mar 10, 2010
Sold by
Rk Miller Investment Company
Bought by
Smith Matthew W and Cooke Alison D

Purchase Details

Closed on
Feb 16, 2010
Sold by
Rl Miller Investment Company
Bought by
Smith Matthew W and Cooke Alison D
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jay Emerson Davis Family Trust $785,000 First American Title
Smith Matthew W -- Accommodation
Smith Matthew W $75,000 First American Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2024 08/19/24 Sold $785,000 0.0% $548 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
08/19/2024 08/19/24 For Sale $785,000 -- $548 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,554 $785,000 $235,000 $550,000
2023 $4,554 $346,724 $86,636 $260,088
2022 $4,643 $339,927 $84,938 $254,989
2021 $4,552 $333,263 $83,273 $249,990
2020 $4,352 $329,847 $82,420 $247,427
2019 $4,280 $323,380 $80,804 $242,576
2018 $4,203 $317,040 $79,220 $237,820
2017 $4,144 $310,824 $77,667 $233,157
2016 $4,027 $304,731 $76,145 $228,586
2015 $3,863 $300,155 $75,002 $225,153
2014 $3,622 $279,000 $70,000 $209,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-429621

The MLS

APN: 513-501-001