291 E Mel 232

Palm Springs, CA 92262

$335,000

2 beds
2 baths
902 sq ft
0.03 acres
Built 1983

Listed by Abundance Real Estate · MLS #SW26181154

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291 E Mel 232, Palm Springs, CA 92262 · MLS #SW26181154

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1983.

Property size

0.03 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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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.

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THE NEIGHBORHOOD

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291 E Mel 232, Palm Springs, CA 92262

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LOCAL MARKET CONTEXT

Riverside County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$609,275Down 0.3% vs. the previous 12 months

Months of supply4.112-month average

Days on market5312-month weighted average

Latest available data: August 2026. Research by ERA Brokers Consolidated.

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These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type: Residential
Category: Residential
Year built: 1983
Full baths: 2
Garage spaces: 0
Cooling: CentralAir
Heating: Central
Appliances: Dishwasher,ElectricOven,Washer
Flooring: Vinyl
Pool: No
Pool features: Association
Spa: Yes
Subdivision: Rancho El Mirador (33245)
Parcel: 507065034
HOA: Rancho El Mirador
HOA amenities: MaintenanceGrounds,Pool,PetRestrictions,SpaHotTub,TennisCourts,Trash,Water
HOA fee frequency: Monthly
HOA fee: $395.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—

Estimated monthly rent$1,395.83

Cap rate—

Annual operating income: —

HOA: Includes $395.00 per month in HOA dues, converted from the $395.00 monthly fee reported by the listing source.

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Purchase price

Rental income & operating costs

Estimated monthly rent

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Vacancy allowance (%) Management fee (%) Maintenance reserve (%) Capital reserve (%)

Annual property tax

Annual insurance

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Monthly HOA

Other monthly costs

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

Down payment (%) Interest rate (%) Loan term

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Listing information

MLS #SW26181154 · California Regional MLS

Listing brokerage: Abundance Real Estate
Listing agent: Anthony Lauria

Listing status: Active. Record updated September 10, 2026. Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.