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255 S Avenida Caballeros, 305, Palm Springs, CA 92262

$320K2bd · 2ba · 1,046 sqft
Lot 0 sqft•HOA $595/mo•Condominium•
Active
•73d on market•MLS# 219150822

Property Description

PRICE REDUCED!! Welcome to the gated community of Villa Caballeros, a beautifully updated first-floor corner unit offering an exceptional Palm Springs lifestyle just blocks from vibrant downtown shopping, dining, entertainment, and nightlife. Designed by renowned architect Hugh Kaptur, this light-filled 2-bedroom, 2-bath residence was updated in 2025 and blends timeless midcentury character with thoughtful modern upgrades. The spacious kitchen features stainless-steel appliances --ideal for everyday living and entertaining. Both bathrooms have been refreshed with upgraded vanities. The primary suite is a peaceful retreat with direct access to the wrap-around patio, dual sinks in the bathroom, upgraded countertops, and a remodeled step-in shower. The secondary bedroom offers convenient direct access to the main bath. The unit comes with a washer and dryer located in the patio area. Enjoy indoor-outdoor living from the generous 400 sq/ft patio, with a private direct entrance to the pool, where southern views create a wonderful setting for morning coffee, evening cocktails, or hosting friends. Community amenities include covered parking, racquetball, tennis and pickleball courts, a heated pool, and spa. Villa Caballeros offers a distinctive opportunity to enjoy relaxed Palm Springs living in a well-located architectural community. Annual land lease is $3,660 through 2080, paid quarterly. HOA dues are $595 per month and include earthquake insurance, water, sewer, and trash. For showing, call agent and go direct. Buyer to independently verify all information, including HOA dues, land-lease terms, and rental restrictions.

Features & Amenities

Villa CaballerosLeaseBuilt 1989

Property Details

Subdivision
Villa Caballeros
Land Type
Lease
Year Built
1989
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
1
Heating
Central, Forced Air, Natural Gas
Cooling
Air Conditioning, Ceiling Fan(s), Central Air
View
Mountain(s)
Flooring
Vinyl
Roof
Flat
City
Palm Springs
Zip Code
92262
County
Riverside
Listed byWindermere Real Estate, Deewayne Sowels·442-307-4336

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,618.09
Principal & Interest
Loan Amount
$256,000
Total Interest
$326,514
Total Payment Over 30 Years
$582,514
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 S Avenida Caballeros, 305, Palm Springs, CA 92262

Villa Caballeros · Palm Springs · Condominium · Lease Land

$320K
Affordable Tier
Beds
2
Baths
2
Sqft
1,046
Lot
0 sqft
Year
1989
$/Sqft
$306
Pool: Yes✓
Spa: Yes✓
View: mountain✓
Garage: 1-car✓

Listed 3.2% above the median closed sale of $310,000.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $320K· $306/sqft
Total list price
Closed comps
vs closed median $310K
+$10K (+3.2%)
Active comps
vs active median $539K
−$219K (−40.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $421
−$115 (−27.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1715 El AlamedaPalm Springs1973221,1700$494$578,00022670
1602 Andee DrivePalm Springs1981221,3051,305$268$350,00019167
1200 Primer CirclePalm Springs1977221,2520$547$685,00023166
1045 VillorrioPalm Springs2005231,2000$449$539,00018464
200 Racquet Club RoadPalm Springs1986321,5370$349$537,00020658
Total: 5 · Average2.22.21,292.81,305$421.4$537,800207.6
Median1,252$539,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2601 Broadmoor DrivePalm Springs198510/09/2026221,1300$335,000$320,000$2830.9513775
401 Vista ChinoPalm Springs198509/25/2026231,0953,049$285,850$270,000$2470.949173
334 Santa Elena RoadPalm Springs197609/25/2026221,088650$385,000$370,000$3400.968273
5301 Waverly DrivePalm Springs197910/05/202622887871$310,000$310,000$3491.00272
5265 Waverly DrivePalm Springs197910/05/202622945892$209,000$205,000$2170.9811570
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.