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
Property Price
SUMMARY
Analysis of 255 S Avenida Caballeros 306, Palm Springs, California 92262 is currently available with a list price of $312,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
Built in 1989, this condo is move-in ready with no immediate renovations required. The kitchen features updated white cabinetry, premium stainless steel appliances, modern pendant lighting, and a contemporary sink and faucet. Bathrooms are also updated with vessel sinks and modern fixtures. Saltillo tile flooring is well-maintained throughout, contributing to the property's classic Palm Springs style. While the exact renovation timeline isn't specified, the visible updates are recent enough to provide a fresh, functional aesthetic, aligning with the 'Good' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Accessibility
Strategically located just moments from downtown Palm Springs, offering unparalleled access to dining, shopping, entertainment, and recreation.
- Architectural Significance & End Unit Privacy
Designed by modernist Hugh M Kaptur and originally the builder's showcase model, this coveted end unit provides enhanced privacy and a unique architectural pedigree.
- Expansive Private Outdoor Space
Features a rare private entrance leading to one of the largest patios in the community, ideal for seamless indoor-outdoor desert living.
CONSRISKS & DEFICIENCIES
- Land Lease Property
The property is subject to a land lease that extends through 2080, which can affect financing options, long-term appreciation, and resale value compared to fee simple ownership.
- High Monthly HOA Dues
With a monthly association fee of $577.0, the ongoing costs are substantial, which may be a consideration for budget-conscious buyers despite the inclusions.
- Potential for Older Systems (A/C Not Specified)
Built in 1989, while the kitchen is updated, the description does not explicitly mention the status or type of the cooling system, which is a critical comfort factor in the Palm Springs climate and may require future investment.
About 255 S Avenida Caballeros 306
Effortless desert living meets iconic Palm Springs design in this coveted end unit condo at Villa Caballeros, envisioned by modernist Hugh M Kaptur. Originally the builder's showcase model, this first floor residence offers privacy, a bright open floor plan, and classic Palm Springs style. Located just moments from downtown, dining, shopping, entertainment, and recreation are all close at hand. A rare private entrance leads to one of the largest patios in the community, ideal for indoor outdoor living. Updated kitchen featuring premium appliances and a whole home water treatment system, generously sized bedrooms with ensuite baths, Saltillo tile flooring, in unit laundry, covered parking, and resort style amenities. Can be sold fully furnished for a turnkey opportunity. HOA includes earthquake insurance, water, sewer, and trash. Land lease through 2080.
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 | $312.0K | $330.0K | 46% |
| Price per sq ft | $298 | $341 | 32% |
| Built year | 1989 | 1982 | 83% |
| HOA | $577.0 | $532 | 67% |
| Days on market | 134 | 173 | 26% |
Pricing History
Listed for Sale
Feb 10, 2026
$312,000
$345,000
-10% Price Drop
Initial Listing
Price Change
Dec 11, 2025
$345,000
$357,500
-3% Price Drop
Initial Listing
Price Change
Oct 24, 2025
$357,500
Initial Listing