118 Las Lomas, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
118 Las Lomas
Palm Desert, California 92260
Property Price
SUMMARY
Analysis of 118 Las Lomas, Palm Desert, California 92260 is currently available with a list price of $499,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Palm Desert Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and has undergone significant updates that modernize its 1979 construction. The kitchen features stainless steel appliances, stone countertops, and updated cabinetry, while the bathrooms have been refreshed with modern vanities and tiled showers. With neutral tile flooring throughout, recessed lighting, and well-maintained systems including dual A/C, the home reflects a quality of renovation likely completed within the last 5 to 15 years.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location and Views
This rare end-unit occupies a premium position on the 7th fairway, offering exceptional panoramic mountain and lake views that maximize the desert resort experience.
- Short-Term Rental Capability
The property allows for short-term rentals, a highly sought-after feature in Palm Desert that provides significant flexibility for use as an income-producing investment or a seasonal retreat.
- Extensive Community Amenities
Located within the Monterey Country Club, residents have access to an impressive array of facilities including 27 holes of golf, 37 pools, and 20 pickleball courts, all just minutes from El Paseo shopping.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $761 per month represents a significant recurring expense that may impact the overall affordability and debt-to-income ratio for some buyers.
- Aging Infrastructure
Originally constructed in 1979, the property may require more frequent maintenance or future capital improvements compared to newer developments, despite the interior updates.
About 118 Las Lomas
LOCATION, LOCATION, This 30 plan end unit is rare to market with breathtaking lake and panoramic mountain views on the 7th fairway of the east course. The home has been updated. The kitchen has peninsula eating area open to the dining room. The atrium has been converted to provide a large den with closet; the primary suite has vaulted ceilings and plenty of closet space. The home has dual A/C and a septate evaporator cooler for energy efficiency; The garage fits two cars and a golf cart. With custom storage and cabinets. The home has a large private laundry room. SHORT-TERM rentals allowed--making this the perfect full-time home, seasonal retreat, or income-producing property! Monterey Country Club offers: 27 holes of golf, 13 tennis courts,20 Pickleball courts, Bocce Ball Courts, 37 Pools & Spas and Clubhouse & Fitness Center, All just minutes from El Paseo shopping, fine dining, hiking, Palm Springs Airport, and more. Don't miss this rare opportunity--schedule your private showing today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- 2,613 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $761.0 / Month
Neighborhood Insights
Palm Desert Unified Schools
James Earl Carter Elementary School
Grades K-5 • 1.0 mi
Abraham Lincoln Elementary School
Grades K-5 • 1.5 mi
Palm Desert High School
Grades 9-12 • 2.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,584 | 1,550 | 53% |
| Lot Size | 2,613 | 2,555 | 51% |
| Price | $499.0K | $490.0K | 50% |
| Price per sq ft | $315 | $323 | 41% |
| Built year | 1979 | 1979 | 50% |
| HOA | $761.0 | $750 | 55% |
| Days on market | 83 | 157 | 19% |
Pricing History
Listed for Sale
Feb 27, 2026
$499,000
$519,000
-4% Price Drop
Initial Listing
Price Change
Dec 14, 2025
$519,000
Initial Listing
Sold
May 19, 2006
$399,000
Public Record
Sold
May 19, 1998
$140,000
Public Record