115 Desert Falls Dr. East Drive E, Palm Desert, California 92211, Palm Desert, 92211 - 2 bed, 2 bath
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Palm Desert, California 92211
This Resort-Style Condominium in Desert Falls C.C. is listed at $465,000—reflecting a premium over the $389,407 Fair Market Value due to its Short-Term Rental Potential and panoramic Mountain Views. Maintaining a Condition Rating of 4, the residence features a fairly new A.C., new shutters, and an open patio just steps from the community pool. Situated in the Desert Sands Unified district near James Earl Carter Elementary, the property offers access to extensive fitness and golf amenities. This asset is perfectly suited for Vacation Rental Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 115 Desert Falls Dr. East Drive E Subject | $465,000* List Price | 2 | 2 | 1,330 | $293 | - |
A 57 Ponderosa Circle Sold | $415,000 | 2 | 2 | 1,368 | $303 | 0.2 mi |
B 786 Montana Vista Drive Sold | $340,000 | 2 | 2 | 1,360 | $250 | 0.6 mi |
C 135 Blue River Drive Sold | $413,000 | 2 | 2 | 1,368 | $302 | 0.6 mi |
D 292 Desert Falls Drive E Sold | $342,000 | 2 | 2 | 1,330 | $257 | 0.6 mi |
E 243 Bouquet Canyon Drive Sold | $400,000 | 2 | 2 | 1,368 | $292 | 0.2 mi |
F 775 Montana Vista Drive Sold | $395,000 | 2 | 2 | 1,330 | $297 | 0.6 mi |
G 177 Firestone Pending | $334,900 List Price | 2 | 2 | 1,330 | $252 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, this property is 36 years old. While it benefits from recent updates such as a brand-new dishwasher, fairly new AC, and new shutters, the kitchen features dated cabinets, countertops, and older appliances (range, microwave), along with 80s/90s-era tile flooring. The living room has updated laminate flooring, but the overall aesthetic in key areas like the kitchen is outdated. Without bathroom images, it's reasonable to infer they are also dated. The home is well-maintained but requires minor updates to modernize its style and features.
The HOA dues provide access to a wide array of amenities including a fitness center, pickleball court, tennis court, golf course, multiple swimming pools, spas, and 24/7 security, enhancing lifestyle and property value.
The property is explicitly marketed as suitable for short-term rentals, making it an attractive investment opportunity, especially for events like Coachella Fest.
The home benefits from recent upgrades such as a brand-new dishwasher, new shutters, ceiling fans, and a fairly new air conditioning unit, reducing immediate maintenance concerns for a buyer.
The association fee of $854.0 per month is substantial and represents a significant ongoing financial commitment for the homeowner, which could impact affordability and resale.
Built in 1988, the property is over 35 years old. While some updates are noted, other major systems (e.g., plumbing, electrical, roof) may be original or nearing the end of their lifespan, potentially requiring future investment.
As a condominium, the property likely involves shared walls, a smaller private lot size (2614 sqft), and potential restrictions from the HOA regarding property modifications or usage, which may not suit all buyers seeking full autonomy.
Step into your new home where you will find enjoyment and relaxation. This beautiful home is a great place to spend time with your loved ones. HOA dues include fitness center, pickleball court, tennis court, golf course, swimming pools, spas and security for your protection. It's a well-maintained home that includes a brand-new dishwasher, shutters, ceiling fans, a wet bar and a fairly new A.C. You will also have plenty of room to park your vehicles with a 2 car garage and long driveway. The driveway can accommodate up to 4 more vehicles! Enjoy a nice swim on a very hot summer day. The pool is located a few feet away from your new home facing the open patio. This beautiful home can also be used as an income property for a short-term rental for Coachella Fest visitors and more. Enjoy a nice evening with your loved ones on the open patio that faces our beautiful mountains.
No exterior & parking available.
Grades K-5 • 1.7 mi
Grades 9-12 • 1.9 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 | 1,330 | 1,580.5 | 29% |
| Lot Size | 2,614 | 2,614 | 50% |
| Price | $465.0K | $470.0K | 49% |
| Price per sq ft | $350 | $318 | 68% |
| Built year | 1988 | 1987 | 52% |
| HOA | $854.0 | $845 | 59% |
| Days on market | 167 | 162 | 55% |
Nov 6, 2025
$465,000
Initial Listing
Jul 27, 2020
$212,000
Public Record
Nov 29, 2004
$335,000
Public Record
Jul 30, 2003
$162,500
Public Record