280 S Avenida Caballeros 214, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
Loading property details...
Palm Springs, California 92262
This Condominium is a Strong Value Opportunity, listed at $299,900—positioned well below the $310,568 Fair Market Value by 3%. This valuation gap offers $10,668 in Instant Equity for the buyer. The property maintains a Condition Rating of 4, featuring modern cosmetic updates while offering potential for further personalization. With its prime downtown location, panoramic mountain views, and access to four saltwater pools, this residence is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an urban-resort lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 280 S Avenida Caballeros 214 Subject | $299,900* List Price | 2 | 2 | 1,128 | $275 | - |
A 280 S Avenida Caballeros 223 Sold | $300,000 | 2 | 2 | 1,082 | $277 | 0.0 mi |
B 280 S Avenida Caballeros 209 Sold | $315,000 | 2 | 2 | 1,128 | $279 | 0.0 mi |
C 222 N Calle El Segundo 560 Sold | $360,000 | 2 | 2 | 1,150 | $313 | 0.4 mi |
D 255 S Avenida Caballeros 306 Sold | $302,000 | 2 | 2 | 1,046 | $289 | 0.1 mi |
E 222 N Calle El Segundo 576 Sold | $375,000 | 2 | 2 | 1,139 | $329 | 0.4 mi |
F 255 S Avenida Caballeros 302 Sold | $290,000 | 2 | 2 | 1,046 | $277 | 0.1 mi |
G 351 N Hermosa Drive 2b2 Sold | $262,500 | 2 | 2 | 849 | $309 | 0.5 mi |
H 280 S Avenida Caballeros 131 Sold | $249,000 | 1 | 2 | 887 | $281 | 0.1 mi |
I 222 N Calle El Segundo 565 Pending | $375,000 List Price | 2 | 2 | 1,147 | $327 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981 (43 years old), the property exceeds the age threshold for 'Good' condition. While the interior shows move-in ready cosmetic improvements such as updated laminate flooring and fresh paint, the original aluminum window frames and the age of the building suggest that core systems and kitchen/bath fixtures are likely dated and may require minor repairs or modernization.
The property is ideally located within walking distance to downtown Palm Springs' premier restaurants, theaters, and coffee shops, offering a highly desirable urban-resort lifestyle.
Features a massive, oversized balcony providing stunning southern and western mountain views, significantly enhancing the living space and aesthetic appeal.
The monthly dues cover an extensive list of utilities including gas, water, trash, cable, and internet, alongside access to four saltwater pools and professional roof maintenance.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5, other record lot size in square feet = 2307.
The property is on a land lease expiring in 2064; while no BIA approval is required, leasehold properties can sometimes face more stringent financing requirements than fee-simple land.
The $630 monthly HOA fee, while inclusive of many utilities, represents a significant fixed recurring expense that may impact the budget of price-sensitive buyers.
Two stories of character and charm, walking distance from downtown restaurants, theaters, and coffee. This Caballeros Estates residence features a massive, oversized balcony with southern and western mountain views.Located steps from your gated, covered parking spot.The private five-acre community features four saltwater pools, spas, and a clubhouse. Monthly HOA dues cover gas, trash, water, cable, internet, and roof maintenance. Highly desirable private land lease through 2064 with no BIA approval required.
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 |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,128 | 1,199 |
| Lot Size | 5 | 1,742 |
| Price | $299.9K | $445.8K |
| Price per sq ft | $266 | $351 |
| Built year | 1981 | 1980 |
| HOA | $630.0 | $587 |
| Days on market | 28 | 67 |
Jun 24, 2026
$299,900
Initial Listing
Jul 11, 2000
$58,590
Public Record