255 S Avenida Caballeros 306, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Modernist Architectural Condo is listed at $312,000, offering a stable acquisition at its $312,000 Fair Market Value. Designed by the legendary Hugh M. Kaptur, this residence holds a Good Condition Rating and features an updated kitchen with premium appliances and signature Saltillo tile. The unit offers a rare private entrance to one of the community's largest patios, showcasing breathtaking Mountain Views. With resort-style amenities and a prime location near downtown, this turnkey property is an ideal match for lifestyle-oriented buyers or seasonal residents seeking iconic desert design.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 255 S Avenida Caballeros 306 Subject | $312,000* List Price | 2 | 2 | 1,046 | $298 | - |
A 222 N Calle El Segundo 576 Sold | $375,000 | 2 | 2 | 1,139 | $329 | 0.4 mi |
B 255 S Avenida Caballeros 106 Sold | $299,900 | 2 | 2 | 1,046 | $287 | 0.1 mi |
C 280 S Avenida Caballeros 116 Sold | $339,000 | 2 | 2 | 996 | $340 | 0.1 mi |
D 277 E Alejo Road 102 Sold | $385,000 | 2 | 2 | 1,131 | $340 | 0.8 mi |
E 280 S Avenida Caballeros 266 Sold | $355,000 | 2 | 2 | 1,128 | $315 | 0.1 mi |
F 255 S Avenida Caballeros 302 Active | $299,000 List Price | 2 | 2 | 1,046 | $286 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
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.
Strategically located just moments from downtown Palm Springs, offering unparalleled access to dining, shopping, entertainment, and recreation.
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.
Features a rare private entrance leading to one of the largest patios in the community, ideal for seamless indoor-outdoor desert living.
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.
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.
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.
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.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.7 mi
Grades K-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,046 | 1,122.5 | 44% |
| Lot Size | - | 436 | 46% |
| Price | $312.0K | $360.0K | 42% |
| Price per sq ft | $298 | $345 | 29% |
| Built year | 1989 | 1981 | 84% |
| HOA | $577.0 | $550 | 59% |
| Days on market | 180 | 182 | 49% |
Feb 10, 2026
$312,000
$345,000
-10% Price Drop
Initial Listing
Dec 11, 2025
$345,000
$357,500
-3% Price Drop
Initial Listing
Oct 24, 2025
$357,500
Initial Listing