255 S Avenida Caballeros 302, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
255 S Avenida Caballeros 302
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 255 S Avenida Caballeros 302, Palm Springs, California 92262 is currently available with a list price of $330,000. 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, built in 1989, is well-maintained with some notable updates like newer HVAC, hot water heater, dual-paned windows, and modern light fixtures throughout the living areas and bathrooms. The master bathroom shower appears updated. However, the kitchen features older black appliances (coil-top range, dishwasher) and white painted cabinets with a dated style and basic laminate countertops. The guest bathroom vanity and shower/tub combo also show signs of age. While move-in ready, the kitchen and some bathroom elements are outdated and would benefit from a full renovation to meet current aesthetic standards, placing it in the 'Fair' category.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Perfectly situated near downtown Palm Springs, offering easy access to the city's best shopping, dining, and entertainment.
- Architectural Significance
Located in a complex with architectural significance, designed by the renowned Hugh M. Kaptur, adding unique value and appeal.
- Expansive Private Patio & Mountain Views
Features an expansive private patio ideal for outdoor living and entertaining, complemented by direct access and scenic mountain views.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Dues
The $577/month HOA fee is substantial and adds significantly to the overall cost of ownership, despite including earthquake insurance, water, sewer, and trash.
- Ground Floor Unit
As a ground-floor unit, it may offer less privacy or broader views compared to higher-level units, which could be a consideration for some buyers.
- Recent Price Reduction
The property has recently undergone a price reduction from its original list price, which could suggest a longer time on market or a need for market adjustment.
About 255 S Avenida Caballeros 302
Welcome to this condo in a complex with architectural significance designed by Hugh M. Kaptur in the heart of Palm Springs! This ground-floor unit is perfectly situated near downtown, offering easy access to the city's best shopping, dining, and entertainment. Featuring an expansive private patio, this home is paradise, ideal for relaxing with morning coffee or hosting sunset gatherings under the desert sky. Inside, you'll find a bright and airy open floor plan with sleek accents. The living area flows seamlessly into the dining space and kitchen. Sliding glass doors provides direct access to the patio and a full-sized washer and dryer closet with some storage, creating a harmonious indoor-outdoor living experience with mountain view. The spacious bedrooms offer a serene retreat with ample closet space. Additional highlights include tile flooring throughout, and energy-efficient features like dual paned windows and newer HVAC and hot water heater. Boutique complex offers lush landscaping, a sparkling community pool and spa, and covered parking that is located close to the unit. Don't miss this rare opportunity to own a centrally located condo that combines modern luxury with Palm Springs' iconic lifestyle! HOA dues: $577/month and include Earthquake Insurance, water, sewer, trash.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $577.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 0.8 mi
Raymond Cree Middle School
Grades 6-8 • 1.7 mi
Desert Learning Academy
Grades K-12 • 1.0 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 | 1,046 | 1,051 | 49% |
| Lot Size | - | 500 | 45% |
| Price | $330.0K | $330.0K | 50% |
| Price per sq ft | $315 | $341 | 38% |
| Built year | 1989 | 1982 | 83% |
| HOA | $577.0 | $532 | 67% |
| Days on market | 171 | 173 | 48% |
Pricing History
Listed for Sale
Dec 17, 2025
$330,000
$350,000
-6% Price Drop
Initial Listing
Price Change
Sep 17, 2025
$350,000
Initial Listing