280 S Avenida Caballeros 223, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
280 S Avenida Caballeros 223
Palm Springs, California 92262
Property Price
SUMMARY
Analysis of 280 S Avenida Caballeros 223, Palm Springs, California 92262 is currently available with a list price of $320,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1981, this condominium shows its age through dated aesthetics in key areas. The kitchen features older-style cabinets and countertops, though a newer stainless steel range is present. Both bathrooms are significantly outdated, particularly with the gold-framed shower enclosure and vintage light fixtures. While the property appears functional and maintained, it would require substantial cosmetic updates to meet current market expectations and styles, aligning with the 'Fair' condition criteria of being aged but maintained, with functional but outdated major components.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Strategically located just blocks from downtown Palm Springs, offering immediate access to shopping, dining, entertainment, and cultural attractions.
- Extensive Resort Amenities
The complex boasts an impressive array of amenities including 4 pools, 2 spas, a sauna, and a clubhouse with weekly activities, promoting a resort-style living experience.
- Scenic Views & Recreation Access
Features desirable mountain and neighborhood views, with easy access to major recreational sites like the Palm Springs Aerial Tramway, Joshua Tree National Park, and local hiking trails.
CONSRISKS & DEFICIENCIES
- High Monthly Association Fees
The monthly association fee of $581.0 is substantial and adds a significant recurring cost to homeownership.
- Older Building Age
Built in 1981, the property may require updates to systems or finishes to meet modern standards and preferences.
- Condominium Living Constraints
As a condominium, it entails shared walls, potential for noise, and less privacy or autonomy compared to a single-family residence.
About 280 S Avenida Caballeros 223
Located only a few short blocks from the main downtown area of Palm Springs, this 2 Bedroom 2 Bath Condominium in Caballeros Estates, is now available. Only minutes away, from shopping, restaurants, clubs, The Agua Caliente Casino, golf courses and local museums. The complex has 4 pools, 2 spas, a sauna and clubhouse with weekly activities. It is easy to visit the Palm Springs Aerial Tramway, Joshua Tree National Park and hike the many local trails. This is Resort Living at an affordable price with beautiful weather, scenery and so many things to see and do.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $581.0 / Month
Neighborhood Insights
Palm Springs Unified Schools
Cahuilla Elementary School
Grades K-5 • 0.9 mi
Raymond Cree Middle School
Grades 6-8 • 1.6 mi
Desert Learning Academy
Grades K-12 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,082 | 1,060 | 52% |
| Lot Size | 8,712 | 576.5 | 98% |
| Price | $320.0K | $330.0K | 47% |
| Price per sq ft | $296 | $341 | 30% |
| Built year | 1981 | 1982 | 45% |
| HOA | $581.0 | $532 | 68% |
| Days on market | 196 | 174 | 64% |
Pricing History
Listed for Sale
Nov 19, 2025
$320,000
$325,000
-2% Price Drop
Initial Listing
Price Change
Aug 24, 2025
$325,000
Initial Listing