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255 South Avenida Caballeros, 111, Palm Springs, CA 92262

$275K2bd · 2ba · 1,096 sqft
Lot 0 sqft•HOA $595/mo•Condominium•
Active
•14d on market•MLS# PS-26992813

Property Description

YOUR PLACE IN THE CENTER OF PALM SPRINGS. An easy, approachable way to own a place in the center of Palm Springs. Enjoy it now; update over time to make it your own. It's difficult to find this combination of private outdoor space, resort amenities, and a central Palm Springs location at this price point. PALM SPRINGS AT YOUR DOORSTEP. Enjoy the city without the car. Downtown, Palm Canyon Drive, Arenas District, the casino, and the Convention Center are all a short walk. Stroll to dinner, meet friends for a drink, catch an event, or simply explore downtown and walk home when you're done. YOUR OWN PRIVATE OUTDOOR SPACE. Sliding doors from the living area and primary bedroom open to a large, enclosed and landscaped patio with southwest exposure and glimpses of the San Jacinto Mountains. There's plenty of room for morning coffee, outdoor dining, or a private happy hour with friends. COMFORTABLE NOW; YOURS TO EVOLVE. The kitchen opens to the living and dining areas for easy everyday living and entertaining. Updated appliances and countertops provide a functional starting point, while the home is ready for your touches. Move in now and make changes over time as you decide what matters to you. Furnishings are included with the property. RESORT ENOUGH. NEIGHBORHOOD ENOUGH. With just 59 homes, Villa Caballeros offers enough amenities to feel like a Palm Springs resort, while remaining intimate enough to feel like a neighborhood. Designed by noted Palm Springs architect Hugh Kaptur, the community features landscaped courtyards, a heated pool and spa, tennis/pickleball court, racquetball, community room, and dog area. HOA dues include water, trash, sewer, exterior maintenance, roof, landscaping, amenities, and earthquake insurance. LOCK, LEAVE, AND COME BACK TO PALM SPRINGS. Ground-floor living, an assigned parking space nearby, guest parking, and 30-day minimum rentals provide flexibility for a weekend getaway, seasonal home, or first Palm Springs second home. Lock the door when you leave, and your place in Palm Springs is waiting when you return.

Features & Amenities

Villa CaballerosLeaseBuilt 1989

Property Details

Subdivision
Villa Caballeros
Land Type
Lease
Year Built
1989
Property Type
Residential
Property Subtype
Condominium
Heating
Central
Cooling
Central Air, Electric
View
Courtyard, Pool
Flooring
Carpet
Roof
Tar/Gravel
City
Palm Springs
Zip Code
92262
County
Riverside
Listed byUnknown Office, Timothy State

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,390.55
Principal & Interest
Loan Amount
$220,000
Total Interest
$280,598
Total Payment Over 30 Years
$500,598
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Villa Caballeros

This property is located in Villa Caballeros, a community in Palm Springs. Explore more listings in this neighborhood to compare options and pricing.

View Villa Caballeros Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

255 South Avenida Caballeros, 111, Palm Springs, CA 92262

Villa Caballeros · Palm Springs · Condominium · Lease Land

$275K
Affordable Tier
Beds
2
Baths
2
Sqft
1,096
Lot
0 sqft
Year
1989
$/Sqft
$251
Pool: Yes✓
Spa: Yes✓
View: mountain✓

Listed 11.3% below the median closed sale of $310,000. Price per sqft ($251) is a 13% discount to closed comps ($287).

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $275K· $251/sqft
Total list price
Closed comps
vs closed median $310K
−$35K (−11.3%)
Active comps
vs active median $549K
−$274K (−49.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $441
−$190 (−43.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1602 Andee DrivePalm Springs1981221,3051,305$268$350,00019370
1715 El AlamedaPalm Springs1973221,1700$494$578,00022769
1200 Primer CirclePalm Springs1977221,2520$547$685,00023268
1881 Araby DrivePalm Springs1959221,000871$549$549,00018264
200 Racquet Club RoadPalm Springs1986321,5370$349$537,00020760
Total: 5 · Average2.22.01,252.81,088$441.4$539,800208.2
Median1,252$549,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2601 Broadmoor DrivePalm Springs198510/09/2026221,1300$335,000$320,000$2830.9513776
401 Vista ChinoPalm Springs198509/25/2026231,0953,049$285,850$270,000$2470.949172
5301 Waverly DrivePalm Springs197910/05/202622887871$310,000$310,000$3491.00272
334 Santa Elena RoadPalm Springs197609/25/2026221,088650$385,000$370,000$3400.968272
5265 Waverly DrivePalm Springs197910/05/202622945892$209,000$205,000$2170.9811571
Total: 5 · Average2.02.21,0291,365.5$295,000$295,000$287.2—85.4
Median1,088$310,000$310,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.