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Alex McGurk

homes@alexmcgurk.com +1(702) 807-7044

$ 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 219142106PS

Bedrooms 2

Full Baths 2

Construction Status Repairs Cosmetic

HOA Fees $664/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 HighlightsValue 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 - North End Palm Springs

Interior

Interior Features Separate/Formal Dining Room, High Ceilings, Multiple Primary Suites

Heating Central

Cooling Central Air

Fireplaces Type Outside

Fireplace Yes

Appliance Dishwasher, Electric Range, Disposal, Microwave, Refrigerator

Laundry Laundry Closet

Exterior

Parking Features Assigned, Covered, Detached Carport, Guest, Community Structure

Carport Spaces 1

Fence Block, Privacy

Pool Community, In Ground, Private

Community Features Gated, Pool

Amenities Available Controlled Access, Maintenance Grounds, Management, Trash, Water

View Y/N Yes

View Mountain(s)

Roof Type Foam

Total Parking Spaces 3

Private Pool Yes

Building

Lot Description Back Yard, Corner Lot, Sprinkler System

Story 1

Entry Level One

Architectural Style Contemporary, Modern

Level or Stories One

New Construction No

Construction Status Repairs Cosmetic

Others

HOA Name Club Condominiums

HOA Fee Include Sewer

Senior Community No

Tax ID 504361011

Security Features Gated Community

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by Tim Schneider Bennion Deville Homes

+1(702) 807-7044

homes@alexmcgurk.com

130 W Racquet Club RD #511 Palm Springs, CA 92262

Alex McGurk

Open House

Key Details

Location

Interior

Exterior

Building

Others

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130 W Racquet Club RD #511