5531 Nicklaus Drive, Banning, California 92220, Banning, 92220 - 2 bed, 2 bath
5531 Nicklaus Drive
Banning, California 92220
Property Price
SUMMARY
Analysis of 5531 Nicklaus Drive, Banning, California 92220 is currently available with a list price of $279,900. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Banning 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 new construction or fully renovated.
Despite being built in 1989, the property has undergone extensive and thoughtful updates, making it virtually new in key areas. The kitchen features modern white cabinetry, solid surface countertops, and stainless steel appliances (except for the refrigerator, which is white but functional). Both bathrooms are fully renovated with modern vanities, fixtures, and lighting. New wood-look laminate flooring extends throughout the home, complemented by fresh paint and updated light fixtures, including recessed lighting and ceiling fans. The overall condition is move-in ready with no deferred maintenance visible, aligning with the 'extensively renovated within 5 years' criteria for an excellent rating.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style 55+ Community
Located in the highly desirable Sun Lakes Country Club, offering a vibrant 55+ lifestyle tailored with extensive amenities.
- Turnkey & Updated Condition
The property is described as 'turnkey' with 'thoughtful updates throughout,' making it move-in ready for immediate occupancy.
- Comprehensive Amenities Access
Residents benefit from a private year-round golf course, multiple swimming pools, a spa, pickleball, bocce ball, and billiards.
CONSRISKS & DEFICIENCIES
- Compact Living Area
At 850 sq. ft., the living space is relatively small for a 2-bedroom, 2-bathroom unit, which may limit appeal for some buyers.
- Substantial Monthly HOA Dues
A monthly association fee of $385 represents a significant ongoing cost that buyers must factor into their budget.
- Market Price Adjustments
The property has undergone multiple price reductions from its original list price, potentially indicating market resistance or initial overpricing.
About 5531 Nicklaus Drive
Welcome to 5531 Nicklaus Dr – a charming single-story condo located in the highly desirable Sun Lakes Country Club 55+ golf community. This turnkey 2-bedroom, 2-bathroom home offers 850 sq. ft. of comfortable living space with thoughtful updates throughout. Step inside to a bright living room featuring tall ceilings. The kitchen hosts a cozy breakfast nook is designed for everyday convenience. The primary suite includes a private ensuite bathroom for added comfort. An easy-maintenance backyard provides the perfect spot to relax or entertain without the upkeep. Additional highlights include a two-car garage and a move-in ready interior. Living in Sun Lakes means more than just a home—it’s a lifestyle. Residents enjoy access to a private year-round golf course, pickleball, bocce ball, billiards, swimming pools, and a spa, along with a welcoming community atmosphere. Conveniently located near shopping, dining, and I-10 for easy travel. Don’t miss this opportunity to enjoy resort-style living in one of the area’s most sought-after 55+ communities!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 850 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $385.0 / Month
Neighborhood Insights
Banning Unified Schools
Three Rings Ranch Elementary School
Grades K-5 • 3.2 mi
Mountain View Middle School
Grades 6-8 • 3.8 mi
Banning High School
Grades 9-12 • 3.4 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 | 850 | 1,300 | 13% |
| Lot Size | 850 | 1,742 | 33% |
| Price | $279.9K | $320.0K | 33% |
| Price per sq ft | $329 | $263 | 93% |
| Built year | 1989 | 1992 | 27% |
| HOA | $385.0 | $385 | 50% |
| Days on market | 162 | 162 | 53% |
Pricing History
Listed for Sale
Dec 11, 2025
$279,900
$299,000
-6% Price Drop
Initial Listing
Price Change
Nov 5, 2025
$299,000
$305,000
-2% Price Drop
Initial Listing
Price Change
Sep 26, 2025
$305,000
Initial Listing