130 W Racquet Club Road Unit 511, Palm Springs, CA 92262
- $540,000
- 2
- BD
- 2
- BA
- 1,310
- SqFt
- Sold Price
- $540,000
- List Price
- $575,000
- Closing Date
- Mar 13, 2026
- Status
- CLOSED
- MLS#
- 219142106PS
- Year Built
- 1979
- Bedrooms
- 2
- Bathrooms
- 2
- Living Sq. Ft
- 1,310
- Lot Location
- Back Yard, Corner Lot, Sprinkler System
- Days on Market
- 31
- Property Type
- Condo
- Style
- Contemporary, Modern
- Property Sub Type
- Condominium
- Stories
- One Level
- Neighborhood
- Club Condominiums
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.
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Additional Information
- HOA
- 664
- Frequency
- Monthly
- Association Amenities
- Controlled Access, Maintenance Grounds, Management, Trash, Water
- Appliances
- Dishwasher, Electric Range, Disposal, Microwave, Refrigerator
- Pool
- Yes
- Pool Description
- Community, In Ground, Private
- Fireplace Description
- Outside
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Mountain(s)
- Exterior Construction
- Stucco
- Roof
- Foam
- Interior Features
- Separate/Formal Dining Room, High Ceilings, Multiple Primary Suites
- Attached Structure
- Attached
- Number Of Units Total
- 56
Listing courtesy of Listing Agent: Tim Schneider (tim@thedesertguys.com) from Listing Office: Bennion Deville Homes.
Listing sold by Apryl Lundsten from Post and Beam Real Estate
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.