$575,000
130 W Racquet Club Rd Unit 511, Palm Springs, CA 92262
- 2Beds
- 2Baths
- 1310SqFt
- 2Beds
- 2Baths
- 1310SqFt
- Property TypeCondo
- Year Built1979
- HOA Fees$665/mo
- Price per Sqft$439
- On highrises1 Day
Open Houses
Property Details
130 W Racquet Club Road #511. a cosmetic fixer: 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.
Property Features
Bedrooms
- Bedrooms: 2
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Tim R Schneider
- Brokered by:
- Bennion Deville Homes
- (714) 584-6509