130 W Racquet Club Road 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#
- 219142106
- Year Built
- 1979
- Bedrooms
- 2
- Bathrooms
- 2
- Living Sq. Ft
- 1,310
- Lot Location
- Back Yard, Corner Lot
- Days on Market
- 44
- Property Type
- Condo
- Style
- Contemporary, Modern
- Stories
- 1
- Neighborhood
- Club Condominiums
Property Description
130 W Racquet Club Road #511. a cosmetic fixer: Financial & Investment Highlights Value 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
- Land Lease Type
- Fee
- HOA Fee
- Yes
- HOA
- 664
- Frequency
- Monthly
- Association Amenities
- Controlled Access, Guest Parking, Maintenance Grounds, Management
- Association Fees Include
- Building & Grounds, Sewer, Trash, Water
- Lot Description
- Back Yard, Corner Lot
- Appliances
- Dryer, Dishwasher, Disposal, Refrigerator, Washer, Electric Range, Microwave
- Pool
- Yes
- Pool Description
- Community, In Ground, Private
- Spa
- Yes
- Fireplace Description
- Unknown
- Heat
- Central
- Cooling
- Air Conditioning, Ceiling Fan(s), Central Air
- View
- Mountain(s)
- Parking
- Assigned, Detached Carport, Community Structure, Guest, Covered
- Sewer
- In, Connected and Paid
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Listing courtesy of Bennion Deville Homes. Selling Office: .