280 S Avenida Caballeros 268, Palm Springs, California 92262, Palm Springs, 92262 - 2 bed, 2 bath
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Palm Springs, California 92262
This Updated Downtown Townhouse represents a Prime Investment Opportunity with a List Price of $345,000—positioned well below the $358,966 Fair Market Value by 3%. This valuation gap provides $13,966 in Instant Equity. Maintaining a Good Condition Rating, the home features a Renovated Kitchen, Mountain and Pool Views, and private terraces. Located steps from Arenas Road near Cahuilla Elementary and Palm Springs High School, it balances lifestyle with financial upside. This is an ideal acquisition for Owner-Occupants or second-home buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 280 S Avenida Caballeros 268 Subject | $345,000* List Price | 2 | 2 | 1,082 | $332 | - |
A 222 N Calle El Segundo 576 Sold | $375,000 | 2 | 2 | 1,139 | $329 | 0.4 mi |
B 280 S Avenida Caballeros 223 Sold | $300,000 | 2 | 2 | 1,082 | $277 | 0.1 mi |
C 280 S Avenida Caballeros 116 Sold | $339,000 | 2 | 2 | 996 | $340 | 0.1 mi |
D 222 N Calle El Segundo 543 Sold | $375,000 | 2 | 2 | 944 | $397 | 0.5 mi |
E 1456 Tiffany Circle N Sold | $430,000 | 2 | 2 | 1,251 | $344 | 0.3 mi |
F 351 N Hermosa Drive 2b2 Sold | $262,500 | 2 | 2 | 849 | $309 | 0.6 mi |
G 280 S Avd Caballeros 214 Active | $300,000 List Price | 2 | 2 | 1,128 | $266 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant interior updates. The kitchen has been modernized with updated countertops, blue-painted cabinetry, and stainless steel appliances. The bathroom has undergone a high-quality renovation including a contemporary walk-in glass shower with custom tile work and a modern double vanity. While the 1981 build is evident in the mirrored closet doors and general architecture, the updated flooring, lighting, and well-maintained systems place it firmly in the 'good' category.
Situated in the heart of Downtown Palm Springs, this property offers exceptional walkability to Arenas Road, premier dining, shopping, and entertainment hubs.
The residence features multiple private terraces providing seamless indoor-outdoor living with south-facing views of the pool, lush palm trees, and mountains.
The home boasts a well-appointed kitchen with high-end appliances and updated countertops, complemented by a stylish wet bar and a cozy fireplace.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1500, other record lot size in square feet = 812.
The monthly association fee of $593 is relatively high for this price point, which may impact the overall affordability for budget-conscious buyers.
The two-story townhouse layout with bedrooms on the upper level may be a drawback for buyers seeking single-level living or long-term accessibility.
Bright and beautiful 2-bedroom townhouse ideally located in the heart of Downtown Palm Springs. Situated within the highly desirable Caballeros Estates, this gated and well-maintained community offers the ultimate in walkable desert living--just moments from Arenas Road, restaurants, shopping, and entertainment.This spacious two-story residence is designed for seamless indoor-outdoor living, featuring private terraces perfect for relaxing or entertaining. The main level includes a well-appointed kitchen with high-end appliances and updated countertops.The dining area opens to its own private terrace, while the living room offers a cozy fireplace, stylish wet bar, and a south-facing terrace with picturesque views of the pool, lush palm trees, and surrounding mountains.Upstairs, the primary bedroom captures sweeping views, while the guest bedroom features its own private terrace. A spacious bathroom completes the upper level.
No exterior & parking available.
Grades K-5 • 0.8 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 | 1,082 | 1,122.5 | 47% |
| Lot Size | 1,500 | 500 | 78% |
| Price | $345.0K | $360.0K | 49% |
| Price per sq ft | $319 | $345 | 36% |
| Built year | 1981 | 1981 | 50% |
| HOA | $593.0 | $550 | 63% |
| Days on market | 12 | 182 | 1% |
Apr 10, 2026
$345,000
Initial Listing