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.
Sold for $540,000
Zillow last checked:
Listing updated:
Bought with:
Apryl Lundsten, DRE #01990615
Post and Beam Real Estate
Source: CRMLS,MLS#: 219142106PS
Originating MLS: California Desert AOR & Palm Springs AOR
Originating MLS: California Desert AOR & Palm Springs AORPrice history
| Date | Event | Price |
|---|---|---|
| 3/13/2026 | Sold | $540,000-6.1%$412/sqft |
Source:  CRMLS #219142106PS Report a problem | ||
| 3/11/2026 | Pending sale | $575,000$439/sqft |
Source:  Greater Palm Springs Realtors #219142106 Report a problem | ||
| 2/13/2026 | Contingent | $575,000$439/sqft |
Source: Greater Palm Springs Realtors #219142106 Report a problem | ||
| 1/26/2026 | Listed for sale | $575,000+248.5%$439/sqft |
Source: Greater Palm Springs Realtors #219142106 Report a problem | ||
| 6/10/2010 | Sold | $165,000-2.9%$126/sqft |
Source:  CDAR/ Desert Area MLS #21391873 Report a problem | ||
| 4/2/2010 | Price change | $169,900-2.9%$130/sqft |
Source: foreclosure.com Report a problem | ||
| 2/28/2010 | Price change | $174,900-0.9%$134/sqft |
Source: foreclosure.com Report a problem | ||
| 2/25/2010 | Listed for sale | -- |
Source: foreclosure.com Report a problem | ||
| 12/26/2009 | Listing removed | -- |
Source: foreclosure.com Report a problem | ||
| 12/6/2009 | Listed for sale | -- |
Source: foreclosure.com Report a problem | ||
| 10/15/2009 | Sold | $176,410-21.6%$135/sqft |
Source: Public Record Report a problem | ||
| 4/21/2003 | Sold | $225,000$172/sqft |
Source: Public Record Report a problem | ||
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Estimated market value
$542,200
