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1881 S Araby Drive 16, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

1881 S Araby Drive 16, Palm Springs, California 92264 home-pic-0
ACTIVE$595,000
1881 S Araby Drive 16, Palm Springs, California 92264
2Beds
2Baths
1,000Sqft
871Lot
Year Built
1959
Close
-
List price
$595K
Original List price
$625K
Price/Sqft
$595
HOA
$678
Days on market
-
Sold On
-
MLS number
219129154PS
Home ConditionExcellent
Features
Excellent View: Mountain(s), Panoramic
Pool
Spa
Patio
ViewMountain(s), Panoramic

About this home

We found 3 Cons,5 Pros. Rank: price - $595.0K(73th), sqft - 1000(18th), beds - 2(50th), baths - 2(50th).

Imagine owning a piece of paradise and cashing in on it, too--welcome to Coco Cabana, where mid-century magic meets modern money-making.This isn't just a condo--it's a statement. Located in a community featured during the 2025 Modernism Week tour, Unit 16 stands out as a fully renovated gem designed to impress. Two bedrooms, sleek quartz counters, high-gloss custom cabinetry, and stunning porcelain tile throughout set the tone for style and sophistication.Walls of glass invite natural light and frame panoramic mountain views. The layout flows effortlessly for entertaining, relaxing, or creating Instagram-worthy moments in every corner.Whether you're locking in a luxe desert retreat, generating strong rental income, or stepping into your next elevated lifestyle--this unit delivers.Coco Cabana is an exclusive, retro-chic enclave that blends timeless design with modern comfort. Tour-worthy, income-ready, and one-of-a-kind.Own it. Rent it. Flaunt it. The opportunity is now.

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•1.4mi
4/10
Raymond Cree Middle School
Public,•6-8•3.4mi
4/10
Desert Learning Academy
Public,•K-12•1.2mi
6/10
Palm Springs High School
Public,•9-12•1.5mi

Price History

Date
Event
Price
10/07/25
Price Change
$595,000-4.8%
04/27/25
Listing
$625,000
Condition Rating
Excellent
Despite being built in 1959, this property has undergone a recent and extensive renovation, as explicitly stated in the description ('fully renovated gem'). The images confirm this with a modern kitchen featuring sleek high-gloss custom cabinetry, quartz countertops, and a contemporary tile backsplash. Bathrooms are also updated with modern vanities, striking blue quartz-like counters, and large format tile. Porcelain tile flooring is consistent throughout the unit, and lighting fixtures are mostly modern recessed or track lighting. While the kitchen appliances are white and not fully integrated, they appear functional and clean, and do not detract significantly from the overall 'virtually new' feel of the renovation. The property meets current quality standards with minimal physical depreciation.
Pros & Cons

Pros

Investment & Rental Income Potential: The property is explicitly marketed for its 'modern money-making' and 'strong rental income' capabilities, making it an attractive option for investors or those seeking a part-time residence with income offset.
Prime Location & Community Appeal: Located in Coco Cabana, an 'exclusive, retro-chic enclave' featured during the 2025 Modernism Week tour, indicating high desirability and cultural significance within Palm Springs.
Extensive Modern Renovation: Described as a 'fully renovated gem' with 'sleek quartz counters, high-gloss custom cabinetry, and stunning porcelain tile throughout,' offering a move-in ready, stylish interior.
Panoramic Mountain Views & Natural Light: Features 'walls of glass' that 'frame panoramic mountain views' and invite abundant 'natural light,' significantly enhancing the living experience and aesthetic appeal.
Mid-Century Modern Aesthetic: Blends 'mid-century magic' with 'timeless design and modern comfort,' appealing to a specific and highly sought-after architectural preference in the Palm Springs market.

Cons

High Monthly Association Fees: The association fee of $678.0 is a substantial recurring monthly cost that adds significantly to the overall cost of ownership and could impact investment returns.
Older Building Structure: Built in 1959, despite unit renovations, the underlying infrastructure of the building is over 60 years old, which may lead to higher maintenance costs or potential special assessments for the community.
Recent Price Reduction: The property has seen a price reduction from an original list price of $625,000 to $595,000, which could indicate it was initially overpriced or has faced some market resistance.

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