
Palm Springs, California 92262
This Turnkey Condominium is a Strong Value Opportunity, listed at $345,000—positioned well below the $362,194 Fair Market Value by 4%. This valuation gap offers $17,194 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the home boasts extensive 2021-2023 renovations, including new HVAC and energy-efficient windows. With unobstructed mountain views, a pool, and spa, this residence offers a premium desert lifestyle. It is an ideal acquisition for seasonal residents or first-time buyers seeking a move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 255 S Avenida Caballeros 320 Subject | $345,000* List Price | 2 | 2 | 1,096 | $330 | - |
A 255 S Avenida Caballeros 302 Sold | $290,000 | 2 | 2 | 1,046 | $277 | 0.0 mi |
B 280 South Avenida Caballeros 102 Sold | $353,000 | 2 | 2 | 996 | $354 | 0.1 mi |
C 255 S Avenida Caballeros 306 Sold | $302,000 | 2 | 2 | 1,046 | $289 | 0.1 mi |
D 605 E Amado Road 610 Sold | $405,000 | 2 | 2 | 1,147 | $353 | 0.4 mi |
E 280 S Avenida Caballeros 209 Sold | $315,000 | 2 | 2 | 1,128 | $279 | 0.1 mi |
F 280 S Avenida Caballeros 131 Sold | $249,000 | 1 | 2 | 887 | $281 | 0.1 mi |
G 222 N Calle El Segundo 576 Sold | $375,000 | 2 | 2 | 1,139 | $329 | 0.3 mi |
H 500 E Amado Road 215 Sold | $290,000 | 1 | 2 | 736 | $394 | 0.5 mi |
I 255 S Avenida Caballeros 313 Active | $354,900 List Price | 2 | 2 | 1,046 | $339 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive renovation in 2021 (less than 5 years ago), including full updates to HVAC, electrical, plumbing, cabinetry, and appliances. With additional 2023 window and door upgrades, the home is in mint condition with modern systems and finishes.
The property underwent extensive updates in 2021 and 2023, including new HVAC, plumbing, electrical, and energy-efficient windows, offering a turnkey, move-in-ready experience.
Situated just half a mile from downtown Palm Springs, the residence features unobstructed mountain views, providing a perfect blend of urban convenience and iconic desert scenery.
The monthly dues cover essential costs including earthquake insurance, water, sewer, and trash, offering significant value and a simplified 'lock-and-leave' lifestyle for owners.
At $595 per month, the HOA fees are relatively high, which may impact the overall affordability and appeal for budget-conscious buyers.
Located less than two miles from Palm Springs International Airport, the property may be subject to occasional aircraft noise, potentially affecting the tranquility of the outdoor space.
Welcome to Villa Caballeros, the renowned Hugh Kaptur-designed community where modern luxury meets the heart of downtown Palm Springs. Beautifully reimagined and thoughtfully updated, this exceptional 2-bedroom, 2-bath residence blends contemporary design with effortless desert living.One of the home's standout features is its spectacular, unobstructed views of South Palm Canyon and the surrounding mountains, creating a stunning backdrop from sunrise to sunset. The open living spaces are filled with natural light, while the private outdoor space provides the perfect setting to relax and take in the beauty of the desert.The 2021 renovation included an HVAC system, electrical, plumbing, cabinetry, lighting, interior doors, and appliances. In 2023, the home was further enhanced with upgraded energy-efficient windows and sliding glass doors. Custom window treatments, a digital smart entry lock, and quality finishes throughout create a home that is both stylish and functional.Villa Caballeros offers resort-style amenities including a sparkling pool and spa, tennis court, a rare indoor racquetball court, secure gated access, one assigned covered parking space conveniently located near the elevator, and ample guest parking.HOA dues include master insurance, earthquake insurance, water, sewer, trash, landscaping, exterior maintenance, and professional management, providing exceptional value and true lock-and-leave convenience.Ideally located approximately one-half mile from Palm Canyon Drive and less than two miles from Palm Springs International Airport, you'll enjoy convenient access to renowned restaurants, shopping, galleries, entertainment, and everything that makes Palm Springs one of the desert's most desirable destinations.Whether you're searching for a full-time residence or a seasonal getaway, this beautifully updated home offers the perfect blend of modern comfort, spectacular views, resort-style amenities, and the Palm Springs lifestyle.
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 |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,096 | 1,199 |
| Lot Size | 1,307 | 1,742 |
| Price | $345.0K | $445.8K |
| Price per sq ft | $315 | $351 |
| Built year | 1989 | 1980 |
| HOA | $595.0 | $587 |
| Days on market | 7 | 67 |
Jul 15, 2026
$345,000
Initial Listing