$575,000
Overview
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.
MLS #
219142106PS
Listed on
2026-01-26
Status
Active
Price
$575,000
Type
Residential
Size of home
1310
Beds / Baths
2 / 2.00
Community
Location address
130 Racquet Club RD #511
Palm Springs 92262
Palm Springs 92262
General Information
Original List Price
$575,000
Price Per Sq/Ft
$439
Furnished
No
HOA Fee
$664
Land Type
Fee
Land Lease Expires
N/A
Association Amenities
Assoc Maintains Landscape, Controlled Access, Guest Parking, Onsite Property Management
Community Features
Community Mailbox
Pool
Yes
Pool Description
Community, In Ground, Private
Spa
Yes
Spa Description
Community, Heated, In Ground
Year Built
1979
Interior Features
High Ceilings (9 Feet+), Laundry Closet Stacked
Flooring
Other
Appliances
Microwave
Laundry
In Closet
Fireplace
Yes
Heating Type
Central
Cooling Type
Air Conditioning, Ceiling Fan, Central
Parking Spaces
3
Parking Type
Assigned, Carport Detached, Community Garage, Covered Parking, Detached, Parking for Guests
Management Name
Desert Resort Mgmt
Courtesy of:
Tim Schneider /
Bennion Deville Homes