130 W Racquet Club RD #511 Palm Springs, CA 92262
Open House
Wed Jan 28, 10:30am - 12:30pm
Fri Jan 30, 1:00pm - 3:00pm
Sun Feb 01, 11:00am - 1:00pm
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,310 sqft
Price per Sqft $438
Subdivision Club Condominiums
MLS Listing ID 219142106
Style Contemporary,Modern
Bedrooms 2
Full Baths 2
HOA Fees $665/mo
HOA Y/N Yes
Year Built 1979
Property Sub-Type Condominium
Property Description
Financial & Investment Highlights
Value Play: Listed at $575,000, which sits significantly below the recent comparable sales of $720k-$725k for the same floor plan.
Rental Flexibility: Unlike many Palm Springs communities, this complex has no 30-day minimum rental requirement, making it a prime candidate for short-term rental income.
Make sure to check with the city on permit availability.
Ownership: You own the land (Fee Simple), meaning there are no land lease payments to worry about.
HOA Coverage: The monthly dues include essential maintenance like water, trash, roof, exterior painting, and community landscaping.
Property Features:
Modern Bones: High 10ft ceilings with updated double-pane windows and a ''newish'' HVAC system and water heater reduce the immediate need for major mechanical capital expenditures.
Private Amenities: This unit stands out with a private pool, west-facing backyard, and outdoor fireplace, plus three separate patios.
Layout & Access: A 2-bedroom, 2-bath configuration. Uniquely, this is one of only two units with an entrance outside the main gates, offering easier access for guests.
The ''Cosmetic Fixer'' Opportunity:
Since the bathrooms, kitchen, and major systems are already somewhat updated or ''newish,'' the ''fixer'' aspect refers to flooring, paint, landscaping and a few HOA mandated corrections. With the spread between the asking price and recent comps, there is substantial room for equity growth or profit after a light renovation.
Location
State CA
County Riverside
Area 331 - Palm Springs North End
Interior
Heating Central
Cooling Air Conditioning, Ceiling Fan(s), Central Air
Fireplaces Number 1
Fireplaces Type Unknown
Furnishings Unfurnished
Fireplace true
Exterior
Parking Features false
Fence Block, Privacy
Pool Community, In Ground, Private
View Y/N true
View Mountain(s)
Private Pool Yes
Building
Lot Description Back Yard, Corner Lot
Story 1
Entry Level Ground Level, No Unit Above,One
Sewer In, Connected and Paid
Architectural Style Contemporary, Modern
Level or Stories Ground Level, No Unit Above, One
Others
HOA Fee Include Building & Grounds,Sewer,Trash,Water
Senior Community No
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
- 8
Cielo Vista Charter
Public | KG - 6
- 5
Vista del Monte Elementary School
Public | KG - 5
- 5
Katherine Finchy Elementary School
Public | KG - 5
- 0
Creative Beginnings Montessori-Elementary
Private | PK - 4
- 0
Creative Beginnings Montessori Center
Private | PK - 4
- 0
St Theresa Elementary School
Private | PK - 8
- 0
Kiddie Kollege
Private | PK - KG
- 0
Montessori School of Palm Springs
Private | PK - 6
- 4
Raymond Cree Middle School
Public | 6 - 8
- 0
Ramon Alternative Center
Public | 7 - 10
- 7
Palm Springs High School
Public | 9 - 12
