130 W Racquet Club Road 511, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
130 W Racquet Club Road 511
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 130 W Racquet Club Road 511, Palm Springs, California 92262 is currently available with a list price of $575,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is a 1979 'cosmetic fixer' that is well-maintained but requires updates to flooring, paint, and landscaping. While the kitchen has been updated with modern shaker cabinets, herringbone backsplash, and stainless steel appliances, and the HVAC and windows are 'newish,' the overall interior shows signs of age and requires minor repairs and HOA-mandated corrections to be move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Equity Potential
Listed at $575,000, the property is priced well below recent comparable sales of $720,000-$725,000, offering a substantial value-add opportunity for investors or flippers.
- Short-Term Rental Flexibility
The absence of a 30-day minimum rental requirement makes this a rare and prime candidate for generating high-yield short-term rental income in the Palm Springs market.
- Fee Simple Ownership
The property is located on Fee Simple land, meaning the owner owns the land outright and avoids the additional costs and complications of a land lease.
CONSRISKS & DEFICIENCIES
- Cosmetic Fixer Condition
The unit requires immediate investment in flooring, paint, and landscaping to address its current 'fixer' status and achieve maximum market value.
- HOA Compliance Requirements
The listing indicates that there are specific HOA-mandated corrections needed, which could represent unforeseen costs or logistical hurdles for a new owner.
- High Monthly HOA Dues
At approximately $665 per month, the association fees are a significant recurring expense that impacts the overall monthly carrying costs and investment cash flow.
About 130 W Racquet Club Road 511
130 W Racquet Club Road #511. a cosmetic fixer:Financial & Investment HighlightsValue Play: Listed at $575,000, which sits significantly below the recent comparable sales of $720k-$725k for the same floor plan.Rental Flexibility: Unlike many Palm Springs communities, this complex has no 30-day minimum rental requirement, making it a prime candidate for short-term rental income.Make sure to check with the city on permit availability.Ownership: You own the land (Fee Simple), meaning there are no land lease payments to worry about.HOA Coverage: The monthly dues include essential maintenance like water, trash, roof, exterior painting, and community landscaping.Property Features:Modern Bones: High 10ft ceilings with updated double-pane windows and a ''newish'' HVAC system and water heater reduce the immediate need for major mechanical capital expenditures.Private Amenities: This unit stands out with a private pool, west-facing backyard, and outdoor fireplace, plus three separate patios.Layout & Access: A 2-bedroom, 2-bath configuration. Uniquely, this is one of only two units with an entrance outside the main gates, offering easier access for guests.The ''Cosmetic Fixer'' Opportunity:Since the bathrooms, kitchen, and major systems are already somewhat updated or ''newish,'' the ''fixer'' aspect refers to flooring, paint, landscaping and a few HOA mandated corrections. With the spread between the asking price and recent comps, there is substantial room for equity growth or profit after a light renovation.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $664.69 / Month
Neighborhood Insights
Palm Springs Unified Schools
Katherine Finchy Elementary School
Grades K-5 • 1.2 mi
Raymond Cree Middle School
Grades 6-8 • 0.8 mi
Palm Springs High School
Grades 9-12 • 2.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,310 | 1,060 | 73% |
| Lot Size | - | 500 | 45% |
| Price | $575.0K | $331.0K | 85% |
| Price per sq ft | $439 | $344 | 80% |
| Built year | 1979 | 1982 | 26% |
| HOA | $664.69 | $532 | 78% |
| Days on market | 40 | 173 | 2% |
Pricing History
Listed for Sale
Jan 26, 2026
$575,000
Initial Listing
Sold
Jun 10, 2010
$165,000
Public Record
Sold
Apr 21, 2003
$225,000
Public Record