1881 S Araby Drive #31, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

1881 S Araby Drive  home-pic-0
ACTIVE$499,000
1881 S Araby Drive #31, Palm Springs, California 92264
2Beds
2Baths
1,000Sqft
Lot
Year Built
1959
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$499
HOA
$758
Days on market
-
Sold On
-
MLS number
219131828PS
Home ConditionGood
Features
Excellent View: Park/Greenbelt, Hills, Mountain(s)
Patio
ViewPark/Greenbelt, Hills, Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $499.0K(63th), sqft - 1000(18th), beds - 2(50th), baths - 2(50th).

Turnkey furnished 2 bed, 2 bath end unit in the highly sought-after Coco Cabana community in South Palm Springs! Ideally located just steps from the tennis/pickleball courts and close to the pool, this bright and inviting condo offers the perfect blend of comfort and convenience.This well-maintained unit has been a successful short-term vacation rental, making it an excellent investment opportunity or a perfect desert getaway. The open layout, generous natural light, and private end-unit location create a relaxed, resort-style atmosphere.Coco Cabana in Palm Springs is a boutique mid-century modern community nestled in the desirable South Palm Springs area. Originally constructed in 1955 as a garden apartment hotel by architect Charles W. Doty, it was converted into 31 condominiums in the late 1970s. The complex spans five acres of lushly landscaped grounds and offers amenities such as a pool, spa, and two lighted tennis courts. Coco Cabana's location offers stunning views of the San Jacinto Mountains and is within walking distance to hiking trails, shopping, and dining options. It's a serene retreat that embodies the quintessential Palm Springs lifestyle, combining historical significance with modern-day amenities. The property is fee-simple, meaning you own the land beneath your unit, and it allows for short term vacation rentals with a minimum stay of seven days, making it appealing for both homeowners and investors. Coco Cabana's blend of historical significance, modern amenities, and prime South Palm Springs location make it a sought-after community for those looking to experience the quintessential Palm Springs lifestyle.

Nearby schools

4/10
Cahuilla Elementary School
Public,K-51.5mi
4/10
Raymond Cree Middle School
Public,6-83.4mi
4/10
Desert Learning Academy
Public,K-121.2mi
6/10
Palm Springs High School
Public,9-121.5mi

Price History

Date
Event
Price
06/23/25
Listing
$499,000
Condition Rating
Good

The property is move-in ready and well-maintained, as indicated by its 'turnkey furnished' status and clean appearance in the images. The kitchen features modern white shaker cabinets and updated countertops, while the bathroom is functional and clean, despite some slightly dated elements like the tiled vanity and gold shower frame. The consistent tile flooring throughout is in good condition. While built in 1959, the unit has clearly undergone significant updates more recently than 15-30 years ago, aligning with the 'Good' criteria of being extensively renovated within 5 to 15 years and requiring no immediate renovation.
Pros & Cons

Pros

Prime Location & Views: Ideally situated in desirable South Palm Springs, offering stunning San Jacinto Mountain views and walking distance to hiking trails, shopping, and dining, plus immediate access to community amenities.
Strong Investment Potential: Proven successful as a short-term vacation rental with a flexible 7-day minimum stay, combined with fee-simple ownership, making it an excellent investment opportunity.
Resort-Style Community Amenities: The Coco Cabana community provides a pool, spa, and two lighted tennis courts set within five acres of lushly landscaped grounds, enhancing the lifestyle appeal.
Mid-Century Modern Charm: Part of a boutique, historically significant mid-century modern community, offering a unique aesthetic and embodying the quintessential Palm Springs lifestyle.
Turnkey & Bright End Unit: Offered turnkey furnished, this end unit benefits from an open layout, generous natural light, and increased privacy, ready for immediate occupancy or rental.

Cons

High Monthly HOA Dues: The association fee of $758.00 per month is relatively high and adds a significant recurring cost to ownership.
Age of Construction: Built in 1959, the property's age, while contributing to its mid-century charm, may imply older infrastructure or potential for future maintenance and upgrade considerations.
Compact Square Footage: At 1000 sqft, the unit offers a more compact living space, which might be a limiting factor for buyers seeking larger accommodations or extended stays.

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