
Palm Desert, California 92260
This property presents a High-Potential Investment Opportunity with a List Price of $895,000—positioned well below the $914,368 Fair Market Value by 2%. This valuation gap offers $19,368 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires cosmetic modernization, yet offers significant upside through its 12,632 sq. ft. lot, private pool and spa, and mountain views. Located in a prestigious gated community, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to personalize a prime South Palm Desert residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 112 Chelsea Circle Subject 3 bd · 3 ba · 2,198 sqft · $416 | $895,000* List Price | 3 | 3 | 2,198 | $416 | - |
A 46310 Shadow Mountain Drive Sold 3 bd · 3 ba · 2,186 sqft · $492 · 0.3 mi | $1,075,000 | 3 | 3 | 2,186 | $492 | 0.3 mi |
B 73540 Joshua Tree Street Sold 4 bd · 3 ba · 2,020 sqft · $421 · 0.9 mi | $850,000 | 4 | 3 | 2,020 | $421 | 0.9 mi |
C 73570 Grapevine Street Sold 3 bd · 3 ba · 2,548 sqft · $432 · 1.0 mi | $1,100,000 | 3 | 3 | 2,548 | $432 | 1.0 mi |
D 102 Chelsea Circle Active Under Contract 2 bd · 2 ba · 1,890 sqft · $397 · 0.1 mi | $750,000 List Price | 2 | 2 | 1,890 | $397 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988 (36 years old), the property is well-maintained but clearly dated. The kitchen and wet bar feature older cabinetry and mirrored finishes typical of the late 80s/90s, and the laundry room shows original tile counters. The listing description explicitly states the home is 'ready for a new owner to bring fresh ideas [and] modern updates,' confirming it needs cosmetic revitalization despite being functional.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12632, living area = 2198.
Situated in a prestigious gated community near El Paseo and hiking trails, this property offers a central yet serene lifestyle with exceptionally low HOA dues of $150.
The nearly 13,000-square-foot lot is a rare find for the area, featuring a deep pebble-finish pool, spa, and a dedicated side yard, all screened for maximum privacy and mountain views.
Having been held by the same owners for 21 years, the interior is in original condition and requires significant cosmetic updates to meet current luxury market standards.
At approximately 2,200 square feet, the home is one of the smaller residences within the Vista Paseo community, which may limit appeal for buyers seeking a more expansive floor plan.
Situated in the scenic foothills of South Palm Desert, Vista Paseo is an intimate gated community of just 86 homes, offering a relaxed desert lifestyle in a remarkably central location. Enjoy easy access to the boutiques and restaurants of El Paseo, Trader Joe's, Whole Foods, and nearby mountain hiking trails. Low HOA dues of just $150 per month add to the appeal.One of this property's most compelling features is its exceptional lot of nearly 13,000 square feet -- a rare opportunity to enjoy generous outdoor space, privacy, and room to create something special. A tucked-away side yard offers a wonderful spot for children or pets, while the extra-deep pebble-finish pool and adjoining spa provide the foundation for a terrific desert backyard retreat. Set above and screened from immediate neighbors, the backyard enjoys palm trees, mountain views, and a peaceful atmosphere that is especially inviting on evenings when the patio misters are running.With approximately 2,200 square feet, three bedrooms, and three baths, this is one of the more modestly sized homes in the neighborhood, but the possibilities extend well beyond the house itself. Lovingly maintained by the same owners for 21 years, the residence is ready for a new owner to bring fresh ideas, modern updates, and a personal vision to the space. For buyers who recognize the potential in a desirable location and an oversized lot, this is an opportunity to create a home that truly reflects their own style.Inside, dramatic 16-foot living room walls and clerestory windows provide an impressive sense of volume and natural light, with an ideal backdrop for large-scale art or a contemporary design. The comfortable floor plan lends itself to both everyday living and entertaining, while the spacious covered patio offers additional room to relax or gather with friends during the cooler months. Security shutters on all windows provide added peace of mind when away.A coveted South Palm Desert location, an unusually large lot, a private pool and spa, and the opportunity to update and personalize make this a compelling opportunity in one of the area's established gated communities. Bring your imagination and discover the possibilities at Vista Paseo.
No exterior & parking available.
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.9 |
| Square foot | 2,198 | 2,058.132 |
| Lot Size | 12,632 | 7,541.284 |
| Price | $895.0K | $629.6K |
| Price per sq ft | $407 | $309 |
| Built year | 1988 | 1997 |
| HOA | $150.0 | $398 |
| Days on market | 24 | 79 |
Oct 1, 2026
$895,000
Initial Listing
Sep 2, 2005
$775,000
Public Record
Jan 18, 2002
$322,000
Public Record