11 Marbella Lane, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
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Palm Desert, California 92260
This South-Facing Resort Condominium is a High-Potential Investment Opportunity listed at $299,000—positioned well below the $308,739 Fair Market Value by 3%. This valuation gap provides $9,739 in Instant Equity alongside a rare bi-weekly short-term rental permit in a restricted market. While maintaining a Condition Rating of 4, the original 1984 finishes offer significant value-add potential through modernization. Featuring mountain views, a private patio, and access to 15 community pools, this asset is perfectly suited for Short-Term Rental Investors or Value-Add Buyers seeking a high-yield desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11 Marbella Lane Subject | $299,000* List Price | 2 | 2 | 1,080 | $286 | - |
A 45 Verde Way Sold | $370,000 | 2 | 2 | 1,080 | $343 | 0.2 mi |
B 103 Verde Way Sold | $350,000 | 2 | 2 | 1,212 | $289 | 0.2 mi |
C 144 Verde Way Sold | $347,000 | 2 | 2 | 1,070 | $324 | 0.2 mi |
D 318 Paseo Primavera Sold | $375,000 | 2 | 2 | 1,303 | $288 | 1.0 mi |
E 16 San Felipe Drive Active | $375,000 List Price | 2 | 2 | 1,070 | $350 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, the property is well-maintained and functional but shows clear signs of its age. While it features some updates like granite countertops and plantation shutters, the kitchen retains older black appliances and what appear to be original cabinets that have been painted. The presence of popcorn ceilings and the 1980s-style brick fireplace indicate that the home has not undergone a full modern renovation, making it a prime candidate for the 'customization' mentioned in the listing.
The property permits bi-weekly short-term rentals, offering a rare and lucrative income-producing opportunity in a highly restricted Palm Desert market.
Residents benefit from a robust amenity package including 15 pools and spas, 11 sports courts for tennis and pickleball, and a fitness center within a secure gated community.
Ideally situated adjacent to the JW Marriott Desert Springs Resort with a south-facing orientation that maximizes natural light and provides desirable mountain views.
The $879 monthly association fee is significant and may deter budget-conscious buyers or impact the overall net ROI for investors.
Marketed as an opportunity to 'customize' and priced aggressively, the property likely requires additional capital investment to update its 1984 original finishes.
Silver Sands Racquet in Palm Desert - AMAZING STR OPPORTUNITY!!!!!Welcome to an exceptionally appointed SOUTH FACING condo inside the highly desirable Silver Sands Racquet Club in the heart of Palm Desert. This 2-bedroom, 2-bathroom residence offers a thoughtfully designed floor plan with bedrooms positioned on opposite sides of the home-perfect for maximizing privacy for guests, family, or rental use.This property is ideal for both homeowners and investors alike. Short-term rentals are permitted on a BI-WEEKLY basis, making it a rare and attractive income-producing opportunity in a prime desert location.Enjoy the convenience of a spacious attached two-car garage, along with access to an impressive array of resort-style amenities. Silver Sands features: 15 pools & spas 7 tennis courts 4 pickleball courts Fitness center Clubhouse Gated securityWith only 256 homes in the community, residents enjoy an intimate, well-maintained environment. The HOA of $879/month covers roof, exterior maintenance, cable, Wi-Fi, security, trash, and full access to amenities--offering a truly low-maintenance lifestyle.Location is everything, and this home delivers. Situated adjacent to the renowned JW Marriott Desert Springs Resort & Spa and directly across from Desert Willow Golf Resort .Priced aggressively, this property presents a fantastic opportunity for buyers looking to customize or invest. Don't miss your chance to own in one of Palm Desert's most sought-after communities--this one won't last long.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,080 | 1,548 | 12% |
| Lot Size | 4,356 | 2,492 | 81% |
| Price | $299.0K | $502.5K | 7% |
| Price per sq ft | $277 | $335 | 18% |
| Built year | 1984 | 1979 | 86% |
| HOA | $879.0 | $761 | 79% |
| Days on market | 7 | 163 | 1% |
Apr 16, 2026
$299,000
Initial Listing
Aug 31, 2006
$315,000
Public Record
May 13, 2004
$215,000
Public Record
Apr 30, 1999
$127,000
Public Record