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291 East Mel, 232, Palm Springs, CA 92262

$315K2bd · 2ba · 902 sqft
Lot 1,131 sqft•HOA $471/mo•Condominium•
Active
•76d on market•MLS# SW-26181154

Property Description

Prime Palm Springs Living! Welcome to Rancho El Mirador, a highly sought-after gated community offering resort-style living in an exceptional Palm Springs location. This beautifully updated upper-level 2-bedroom, 2-bath condo combines modern upgrades, comfort, and low-maintenance living, making it an ideal primary residence, seasonal getaway, or investment opportunity. Recently refreshed throughout, the home features new luxury vinyl plank flooring, fresh interior paint, modern high baseboards, updated bathroom vanities, brand-new kitchen appliances including a dishwasher and stove, and a brand-new HVAC system for added comfort and peace of mind. Vaulted ceilings and abundant natural light create a bright, open feel throughout the home. The living area flows seamlessly into the kitchen, which features a convenient breakfast bar and an open layout ideal for everyday living or entertaining. The home also offers two balconies, providing multiple spaces to enjoy the Palm Springs weather, relax with your morning coffee, or unwind at the end of the day. Both bedrooms are generously sized with excellent closet space and access to one of the balconies, creating a comfortable indoor-outdoor retreat and adding to the home’s light and airy atmosphere. Just steps from the sparkling community pool and spa, this condo offers easy access to the resort-style amenities Rancho El Mirador is known for. Residents also enjoy tennis courts, pickleball courts, beautifully maintained grounds, and secure gated entry. The HOA includes water, trash, sewer, exterior maintenance, one assigned covered carport space, and ample unassigned parking for guests or additional vehicles. The community is also FHA and VA approved, providing added financing flexibility for qualified buyers. Ideally located just minutes from Downtown Palm Springs, with convenient access to restaurants, shopping, schools, hospitals, and medical centers, this home delivers the perfect combination of lifestyle and convenience. Move-in ready and thoughtfully updated, this Palm Springs condo offers an exceptional opportunity for full-time living, a seasonal retreat, or an easy lock-and-leave property in one of the area’s desirable gated communities.

Features & Amenities

Rancho El MiradorFeeBuilt 1983

Property Details

Subdivision
Rancho El Mirador
Land Type
Fee
Year Built
1983
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
0
Garage Spaces
0
Heating
Central
Cooling
Central Air
View
Desert, Mountain(s), Pool
Flooring
Vinyl
City
Palm Springs
Zip Code
92262
County
Riverside
Listed byAbundance Real Estate, Anthony Lauria

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,592.81
Principal & Interest
Loan Amount
$252,000
Total Interest
$321,412
Total Payment Over 30 Years
$573,412
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Rancho El Mirador

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

View Rancho El Mirador Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

291 East Mel, 232, Palm Springs, CA 92262

Rancho El Mirador · Palm Springs · Condominium

$315K
Affordable Tier
Beds
2
Baths
2
Sqft
902
Lot
1,131 sqft
Year
1983
$/Sqft
$349
Pool: No✓
Spa: No✓
View: mountain✓

Listed 5.0% above the median closed sale of $300,000. Price per sqft ($349) is a 14% premium to closed comps ($307). Closed comps sold at 94% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 152 days on market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $315K· $349/sqft
Total list price
Closed comps
vs closed median $300K
+$15K (+5.0%)
Active comps
vs active median $350K
−$35K (−9.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $355
−$6 (−1.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
291 Mel AvenuePalm Springs1983229021,251$388$350,0006698
800 Cottonwood RoadPalm Springs197522816871$429$349,9958680
835 Vista ChinoPalm Springs197522816871$331$269,90016179
1832 Mira Loma WayPalm Springs1976221,088568$322$349,8001377
401 Vista ChinoPalm Springs1985231,095669$306$335,0002173
Total: 5 · Average2.02.2943.4846$355.2$330,93969.4
Median902$349,800

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1865 Via MiralestePalm Springs198001/15/2026221,0341,351$345,000$332,000$3210.969277
1725 Via MiralestePalm Springs198007/16/202611836871$299,900$285,000$3410.959376
1735 Via MiralestePalm Springs198006/16/2026118540$335,000$330,000$3860.988374
1555 Chaparral RoadPalm Springs199709/04/2026221,250770$345,000$300,000$2400.8740073
401 Vista ChinoPalm Springs198509/25/2026231,0953,049$285,850$270,000$2470.949272
Total: 5 · Average1.61.81,013.81,510.25$303,400$303,400$307—152
Median1,034$300,000$300,000

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.