Palm Springs, CA 92262,130 W Racquet Club RD #511
Palm Springs, CA 92262,130 W Racquet Club RD #511
Palm Springs, CA 92262,130 W Racquet Club RD #511
Palm Springs, CA 92262,130 W Racquet Club RD #511
Palm Springs, CA 92262,130 W Racquet Club RD #511
Palm Springs, CA 92262,130 W Racquet Club RD #511
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$ 575,000
Est. payment | /mo

2 Beds

2 Baths

1,310 SqFt


Save
$ 575,000
Est. payment | /mo
Save

2 Beds

2 Baths

1,310 SqFt

Open House

Fri Jan 30, 1:00pm - 3:00pm

Sun Feb 01, 11:00am - 1:00pm

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

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.

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

Listed by Bennion Deville Homes

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130 W Racquet Club RD #511