255 S Avenida Caballeros 313, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
ACTIVE$369,000
255 S Avenida Caballeros 313, Palm Springs, California 92262
2Beds
2Baths
1,046Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Extensive Modern Renovations: The unit has been beautifully renovated with a sleek kitchen featuring quartz countertops and newer stainless steel appliances, along with updated bathrooms, offering a contemporary living experience.
Top Cons:
Land Lease Structure: The property is subject to a land lease extended only until 2080, incurring an additional $305/month payment, which can impact long-term value, financing options, and resale potential.
Compared to the nearby listings
Price:$369.0K vs avg $338.0K (+$31,000)57%
Size:1,046 sqft vs avg 1,068 sqft47%
Price/sqft:$353 vs avg $34851%
More Insights
Built in 1989 (36 years old).
Condition: This property has undergone a beautiful and extensive renovation, as explicitly stated in the description and clearly visible in the images. The kitchen features sleek white cabinetry, quartz countertops, a stylish backsplash, and newer stainless steel appliances, all meeting current quality standards. Both bathrooms have been updated with modern fixtures and finishes, including a contemporary shower. The flooring throughout the living areas and bedrooms, along with the lighting, appears new and well-maintained. Despite being built in 1989, the recent high-quality renovations bring the property's condition to an excellent, virtually new standard, requiring no immediate updates.
Year Built
1989
Close
-
List price
$369K
Original List price
$379K
Price/Sqft
$353
HOA
$577
Days on market
-
Sold On
-
MLS number
25600173PS
Home ConditionExcellent
Features
Good View: Mountain(s)
Deck
ViewMountain(s)
About this home
Beautifully renovated top floor (elevator building) end-unit 2BR/2BA in architecturally significant Villa Caballeros designed by Hugh M. Kaptur. Dramatic high vaulted ceiling in great room with clearstory window, handsome flooring and access to oversized balcony with mountain views. Sleek kitchen with quartz countertops, stylish backsplash and newer stainless steel appliances. Both bathrooms updated in great taste. Resort style living with community pool and spa, tennis/pickleball and racquet ball courts. Full size washer/dryer and covered gated parking. Villa Caballeros is beautifully landscaped and in close proximity to all downtown Palm Springs has to offer. HOA fee currently $577 (includes Earthquake Insurance, Water/Sewer, Trash/Recycling and Common area maintenance). Land lease extended to 2080 currently @ $305/month paid quarterly. Possible Owner financing. An outstanding opportunity priced to sell.
Nearby schools
4/10
Cahuilla Elementary School
Public,•K-5•0.8mi
4/10
Raymond Cree Middle School
Public,•6-8•1.7mi
4/10
Desert Learning Academy
Public,•K-12•1.0mi
6/10
Palm Springs High School
Public,•9-12•1.1mi
Condition Rating
Excellent
This property has undergone a beautiful and extensive renovation, as explicitly stated in the description and clearly visible in the images. The kitchen features sleek white cabinetry, quartz countertops, a stylish backsplash, and newer stainless steel appliances, all meeting current quality standards. Both bathrooms have been updated with modern fixtures and finishes, including a contemporary shower. The flooring throughout the living areas and bedrooms, along with the lighting, appears new and well-maintained. Despite being built in 1989, the recent high-quality renovations bring the property's condition to an excellent, virtually new standard, requiring no immediate updates.
Pros & Cons
Pros
Extensive Modern Renovations: The unit has been beautifully renovated with a sleek kitchen featuring quartz countertops and newer stainless steel appliances, along with updated bathrooms, offering a contemporary living experience.
Architectural Significance & Unique Design: Located in an architecturally significant building designed by Hugh M. Kaptur, the unit boasts dramatic high vaulted ceilings and clearstory windows, providing a distinctive aesthetic.
Resort-Style Community Amenities: Residents benefit from resort-style living with access to a community pool, spa, tennis/pickleball, and racquetball courts, enhancing recreational opportunities.
Prime Location with Mountain Views: As a top-floor end-unit, it offers an oversized balcony with mountain views and is in close proximity to all downtown Palm Springs has to offer.
Owner Financing Option & Comprehensive HOA: The availability of possible owner financing provides a flexible purchasing option, complemented by a comprehensive HOA fee that includes earthquake insurance, water/sewer, trash, and common area maintenance.
Cons
Land Lease Structure: The property is subject to a land lease extended only until 2080, incurring an additional $305/month payment, which can impact long-term value, financing options, and resale potential.
High Combined Monthly Fees: The $577 monthly HOA fee, when combined with the $305 monthly land lease payment, results in a substantial recurring monthly expense of $882, which is a significant carrying cost.
Building Age & Potential Infrastructure: While the unit is renovated, the building itself was constructed in 1989, suggesting potential for aging common area infrastructure or future special assessments not explicitly covered by current HOA fees.