280 S Avd Caballeros 214, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Updated Palm Springs Condominium is a High-Potential Investment Opportunity, with a List Price of $300,000—positioned well below the $356,156 Fair Market Value by 15%. This valuation gap provides $56,156 in Instant Equity. Boasting a Condition Rating of 3, the unit features a refreshed half-bath, smart laundry, and mountain views. Residents enjoy four saltwater pools and proximity to downtown within the Palm Springs Unified district. This is an exceptional value for Owner-Occupants or Buy-and-Hold Investors seeking a turnkey desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 280 S Avd Caballeros 214 Subject | $300,000* List Price | 2 | 2 | 1,128 | $316 | - |
A 280 S Avenida Caballeros 116 Sold | $339,000 | 2 | 2 | 996 | $340 | 0.0 mi |
B 280 S Avenida Caballeros 238 Sold | $330,000 | 2 | 2 | 1,128 | $293 | 0.0 mi |
C 222 N Calle El Segundo 576 Sold | $375,000 | 2 | 2 | 1,139 | $329 | 0.4 mi |
D 351 N Hermosa Drive 2b2 Sold | $262,500 | 2 | 2 | 849 | $309 | 0.5 mi |
E 277 E Alejo Road 102 Sold | $385,000 | 2 | 2 | 1,131 | $340 | 0.8 mi |
F 255 S Avenida Caballeros 106 Sold | $299,900 | 2 | 2 | 1,046 | $287 | 0.1 mi |
G 280 S Avenida Caballeros 223 Active Under Contract | $320,000 List Price | 2 | 2 | 1,082 | $296 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring several key updates that elevate it above a 'fair' rating. While built in 1981, it includes a refreshed half-bath (2021), new laminate flooring in the bedrooms, and modern stainless steel kitchen appliances along with a Samsung smart washer/dryer. The kitchen and main bathroom maintain some older elements like the cabinetry and tile, but they are functional and clean. The overall presentation is polished with vaulted ceilings and a well-kept exterior, meeting the criteria for a well-maintained home with minimal wear and tear.
Perfectly positioned for a short stroll to vibrant downtown Palm Springs, offering exceptional access to restaurants, theaters, and shopping while providing desirable southern exposure and mountain views.
Features thoughtful updates including a refreshed half-bath, sleek laminate flooring, and high-end Samsung 'smart' in-unit laundry, ensuring a contemporary and functional living space.
The community offers four saltwater pools, spas, and a clubhouse with a sauna, while the HOA fee conveniently covers essential utilities including water, gas, and trash.
The property is situated on leased land with a monthly fee of $225.33, which adds to the monthly carrying costs and may impact long-term financing as the 2064 expiration date approaches.
A 30-day rental minimum is enforced, which limits the property's potential for investors seeking to maximize income through high-turnover short-term vacation rentals.
Slip into effortless Palm Springs living with this irresistible 2-bedroom condo, perfectly positioned for an easy stroll to vibrant downtown. Tucked into one of the community's most coveted locations, this home serves up sun-drenched southern patio exposure and captivating mountain views the kind of backdrop that makes every morning coffee feel like a getaway. Inside, thoughtful updates elevate the vibe. A stylish half bath refreshed in 2021, sleek laminate flooring in the bedrooms and laundry room, and a cozy gas fireplace in the living room create a space that's equal parts comfort and polish. The full-size in-unit laundry with Samsung "smart" washer and dryer plus a dedicated utility/storage closet keeps life beautifully convenient. The oversized private patio is made for lounging and entertaining, with easy access to the sparkling pool just below. Parking is effortless with gated driveway entry from Arenas Road and your own fully covered assigned space steps from the front door. The HOA keeps ownership simple, covering water, gas, trash, and roof. Residents enjoy resort-style amenities including four saltwater pools and spas, lush mature landscaping with fruit trees, and a clubhouse featuring a sauna, kitchen, and community room.Even better: a highly desirable private land lease (no BIA approval required) streamlines escrow. Lease runs through 2064 at $225.33/month. Location? Exceptional. You're moments from restaurants, theater, coffee, and the best of in-town living with a 30-day rental minimum offering flexibility. This is the one that feels like vacation every single day.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 1.7 mi
Grades K-12 • 0.9 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 | 1,128 | 1,128.5 | 50% |
| Lot Size | - | 436 | 46% |
| Price | $300.0K | $360.0K | 39% |
| Price per sq ft | $266 | $345 | 16% |
| Built year | 1981 | 1981 | 50% |
| HOA | $593.0 | $550 | 63% |
| Days on market | 55 | 182 | 4% |
Feb 27, 2026
$300,000
Initial Listing
Jul 11, 2000
$58,590
Public Record