255 S Avenida Caballeros 306, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath

255 S Avenida Caballeros 306, Palm Springs, California 92262 home-pic-0
ACTIVE$345,000
255 S Avenida Caballeros 306, Palm Springs, California 92262
2Beds
2Baths
1,046Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Downtown Location: The condo offers unbeatable proximity to downtown Palm Springs, being walkable to fine dining, boutique shopping, live theatre, and the iconic Spa Casino, enhancing its lifestyle appeal.
Top Cons:
Leasehold Ownership Structure: The property is subject to a land lease through 2080, which can impact financing options, long-term appreciation, and ownership security compared to fee simple properties.

Compared to the nearby listings

Price:$345.0K vs avg $338.0K (+$7,000)51%
Size:1,046 sqft vs avg 1,068 sqft47%
Price/sqft:$330 vs avg $34643%

More Insights

Built in 1989 (36 years old).
Condition: Built in 1989, this property has undergone significant updates, particularly in the kitchen and bathrooms, making it move-in ready. The kitchen features newer stainless steel appliances, modern counters, and a chic breakfast bar, along with contemporary pendant lighting. The en-suite bathrooms have been upgraded with modern vessel sinks and faucets. While the Saltillo tile flooring is a classic choice and some bathroom elements like the tiled vanity counter and fluorescent lighting are not ultra-modern, the overall condition reflects a well-maintained home with recent, substantial improvements that align with the 'Good' category's renovation timeframe and move-in readiness.
Year Built
1989
Close
-
List price
$345K
Original List price
$358K
Price/Sqft
$330
HOA
$577
Days on market
-
Sold On
-
MLS number
25613367PS
Home ConditionGood
Features
Good View: Courtyard, Desert, Hills, Mountain(s)
Pool
Spa
Patio
ViewCourtyard, Desert, Hills, Mountain(s)

About this home

PRICE REDUCTION ~ Walkable to downtown! Location + lifestyle + lock-and-leave ease just got even better.. Welcome to this one-of-a-kind, coveted end-unit designer condo in the architecturally significant Villa Caballeros, envisioned by legendary modernist Hugh M. Kaptur. Once the builder's showcase model, this first-floor ground unit offers privacy, sophistication, and signature Palm Springs flair. Enjoy exclusive secondary access through a Private Entrance directly from S Avenida Caballeros, leading into your own expansive patio - one of the largest in the community. It's perfect for greeting guests or enjoying morning coffee. Inside, a bright open floor plan flows seamlessly from the living and dining spaces to an updated kitchen featuring premium newer appliances, a rock-salt water treatment system that leaves you and your home feeling refreshed, modern counters, and a chic breakfast bar. Two spacious bedrooms each feature upgraded en-suite baths, while classic Saltillo tile flooring and energy-efficient windows provide comfort. The generous private patio invites effortless entertaining, from sunrise espresso to sunset cocktails beneath the desert sky. Enjoy the convenience of in-unit laundry, covered parking, and unbeatable proximity to downtown Palm Springs, with fine dining, boutique shopping, live theatre, and the iconic Spa Casino just minutes away. This boutique gated community offers resort-style amenities, including a sparkling pool and spa, tennis and pickleball courts, racquetball, a meeting room, and lush landscaping. HOA dues: $577/month (includes earthquake insurance, water, sewer, and trash)Land lease: Through 2080 at $305/month, paid quarterly. Perfect as a primary residence, weekend escape, or investment property, this mid-century retreat captures the glamour and modern luxury that define Palm Springs living.

Nearby schools

4/10
Cahuilla Elementary School
Public,K-50.8mi
4/10
Raymond Cree Middle School
Public,6-81.7mi
4/10
Desert Learning Academy
Public,K-121.0mi
6/10
Palm Springs High School
Public,9-121.1mi
Condition Rating
Good

Built in 1989, this property has undergone significant updates, particularly in the kitchen and bathrooms, making it move-in ready. The kitchen features newer stainless steel appliances, modern counters, and a chic breakfast bar, along with contemporary pendant lighting. The en-suite bathrooms have been upgraded with modern vessel sinks and faucets. While the Saltillo tile flooring is a classic choice and some bathroom elements like the tiled vanity counter and fluorescent lighting are not ultra-modern, the overall condition reflects a well-maintained home with recent, substantial improvements that align with the 'Good' category's renovation timeframe and move-in readiness.
Pros & Cons

Pros

Prime Downtown Location: The condo offers unbeatable proximity to downtown Palm Springs, being walkable to fine dining, boutique shopping, live theatre, and the iconic Spa Casino, enhancing its lifestyle appeal.
Architectural Significance & Design: Located in the architecturally significant Villa Caballeros, envisioned by modernist Hugh M. Kaptur, this end-unit was the builder's showcase model, offering unique design and privacy.
Resort-Style Community Amenities: The boutique gated community provides a wealth of resort-style amenities including a sparkling pool and spa, tennis and pickleball courts, racquetball, and lush landscaping.
Expansive Private Patio & Exclusive Access: Features one of the largest private patios in the community with exclusive secondary access from S Avenida Caballeros, ideal for entertaining and outdoor living.
Updated Interior & Modern Conveniences: The unit boasts an updated kitchen with premium newer appliances, a rock-salt water treatment system, modern counters, chic breakfast bar, upgraded en-suite baths, in-unit laundry, and covered parking.

Cons

Leasehold Ownership Structure: The property is subject to a land lease through 2080, which can impact financing options, long-term appreciation, and ownership security compared to fee simple properties.
Significant Monthly Recurring Costs: Combined HOA dues of $577/month and land lease payments of $305/month (paid quarterly) result in substantial ongoing monthly expenses for the owner.
Future Lease Expiration Uncertainty: The land lease expiring in 2080, while still decades away, introduces future uncertainty regarding renewal terms, potential costs, or expiration, which may concern long-term investors.

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