360 Cabrillo Road 220, Palm Springs, California 92262, Palm Springs, 92262 - 1 bed, 1 bath
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Palm Springs, California 92262
This Historically Significant Mid-Century Modern Studio is a Strong Value Opportunity listed at $425,000—positioned below the $429,739 Fair Market Value by 1%. Boasting a Good Condition Rating, this William F. Cody-designed residence features a rare private garden and panoramic San Jacinto Mountain views. With Fee Land ownership, Mills Act tax savings, and rare 14-day short-term rental eligibility, the property offers significant financial upside. It is a premier acquisition for Short-Term Rental Investors or Design Enthusiasts.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 360 Cabrillo Road 220 Subject | $409,000* List Price | 1 | 1 | 609 | $696 | - |
A 360 Cabrillo Road 102 Sold | $385,000 | 1 | 1 | 512 | $752 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This mid-century modern studio is in move-in ready condition with several key updates. The property features a fully remodeled bathroom, newer stainless steel kitchen appliances (approximately 4 years old), and a high-efficiency HVAC system resealed in 2021. While the kitchen cabinetry reflects an older renovation style, the overall maintenance of the flooring, tempered glass sliders, and systems is excellent for its age, placing it firmly in the 'good' category.
Designed by world-renowned architect William F. Cody, this Class 1 Historic District property offers iconic midcentury modern design and eligibility for the Mills Act, providing potential property tax savings of 30% to 70%.
The property features rare 14-day short-term rental eligibility and is situated on Fee Land (land you own), offering significantly higher ROI potential and security compared to typical Palm Springs lease-land condos.
As a 'unicorn' unit within the complex, it boasts an expansive, grandfathered-in private landscaped garden and patio with panoramic San Jacinto Mountain views that no other studio in the development offers.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 609, other record living area = 578.
The property was recently sold within the past year on 2025-04-18. The sold price is $385,000.00.
The monthly HOA fee of $822 is relatively high for a 609-square-foot studio, which may deter budget-conscious buyers or impact net cash flow for investors.
ULTIMATE MIDCENTURY MODERN PIED-A-TERRE | WILLIAM F. CODY ARCHITECTURE | YOU OWN THE LAND | PRIVATE GARDEN & MOUNTAIN VIEWS | MOVE-IN READY rare opportunity to own a historically significant residence in the prestigious Racquet Club Cottages West (Garden Villas). Designed by world-renowned architect William F. Cody and developed by Paul Trousdale, this Class 1 Historic District property offers the ultimate Palm Springs luxury lifestyle for the sophisticated design enthusiast. UNRIVALED PRIVACY & OUTDOOR LIVING: Unit 220 is a "unicorn" studio within the complex, boasting an expansive, private back patio and landscaped garden (grandfathered-in) that no other studio offers. Enjoy breathtaking, panoramic San Jacinto Mountain views and a direct line of sight to the Palm Springs Aerial Tramway. The wrap around outdoor space and lush tree canopy creates a secluded sanctuary perfect for indoor-outdoor living and entertaining under the desert stars. DESIGNER INTERIOR & LUXE UPGRADES: Architectural Pedigree: Classic post-and-beam construction with walls of glass and newer tempered sliders that dissolve the boundary between architecture and nature. Modernized Systems: High-efficiency HVAC (resealed 2021), 5-year-old water heater, and updated stainless appliances (refrigerator/dishwasher, about 4 years old). Spa-Inspired Bath: Fully remodeled with a private, dedicated sewer line (not shared) for peace of mind. Flexible Floor Plan: Thoughtfully expanded living area includes a high-quality Murphy Bed, creating a seamless, open-concept space for yoga, meditation, or a professional home office. PRESTIGIOUS GATED COMMUNITY & INVESTMENT: FEE LAND: You own the land. MILLS ACT: Eligible for massive property tax savings (potentially 30%70% off). SHORT-TERM RENTAL: Rare 14-day rental eligibility makes this a prime investment opportunity; the shorter minimum stay typically yields a much higher nightly rate and greater annual ROI than properties restricted to 30-day stays (Buyer to verify). RESORT AMENITIES: Iconic 9-foot-deep pool and spa (restored 2022), lush grounds by Phil Shipley, and historic stream features. HOA COVERS: Water, trash, roof, exterior maintenance, and full-time landscaping. LOCATION & LIFESTYLE: Boasting high walkability to the trendy Uptown Design District, you are steps from world-class fine dining, galleries, and boutiques. A perennial Modernism Week favorite and a true "collectible" property for the Atomic Ranch or Dwell reader. Includes assigned one covered carport parking (#12). PET FRIENDLY.
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 35% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 609 | 1,122.5 | 17% |
| Lot Size | 871 | 500 | 59% |
| Price | $409.0K | $361.0K | 58% |
| Price per sq ft | $672 | $347 | 98% |
| Built year | 1964 | 1981 | 5% |
| HOA | $822.0 | $550 | 96% |
| Days on market | 41 | 182 | 1% |
Apr 18, 2026
$409,000
$425,000
-4% Price Drop
Initial Listing
Mar 13, 2026
$425,000
Initial Listing
Apr 18, 2025
$385,000
Public Record
Feb 3, 2021
$295,000
Public Record
Mar 23, 2017
$270,000
Public Record
Mar 31, 2015
$197,500
Public Record
Aug 26, 2005
$175,000
Public Record