120 Willow Lake Drive, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
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Palm Desert, California 92260
Analysis of 120 Willow Lake Drive, Palm Desert, California 92260 is currently available with a list price of $392,000. 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.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring a modern aesthetic that suggests updates within the last 5 to 15 years. Although built in 1984, the kitchen is equipped with stainless steel appliances and updated countertops, and the bathrooms feature contemporary vanities and fixtures. The flooring appears to be a mix of well-kept tile and carpet, and the exterior slate patio adds a premium touch. It meets the 'good' criteria as a functional, updated home that does not require immediate renovation.
The property features a rare 3.25% assumable VA loan, providing a significant financial advantage and long-term interest savings in the current high-rate market.
Located in the gated Park Palms community, residents have access to three pools, spas, tennis and pickleball courts, and an active social calendar, offering a high-end lifestyle.
Sold beautifully furnished, the floor plan includes dual primary suites and a spacious loft, making it an ideal move-in-ready primary residence or a turnkey investment property.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3485, other record lot size in square feet = 1354.
The $775 monthly association fee is substantial and may be a deterrent for budget-conscious buyers or those looking to minimize fixed carrying costs.
Built in 1984, the townhouse may soon require updates to major systems or cosmetic refreshments to compete with newer luxury developments in the Palm Desert area.
Motivated Seller!! Assumable VA loan at a 3.25%Beautifully furnished 2BD/2BA townhouse with dual primary suites and a spacious loft, located in the gated community of Park Palms. Enjoy stunning lake and mountain views from the private slate patio.Resort-style amenities include clubhouse, fitness center, 3 pools and spas with waterfalls, poolside bar, tennis and pickleball courts, greenbelts, library, billiards, and ping pong. Active social calendar with seasonal events and weekly gatherings. Monthly HOA includes cable and high-speed internet. Ideal for primary residence, seasonal getaway, or investment property.Centrally located near golf, shopping, dining, and entertainment including Desert Willow Golf Resort, El Paseo, and the McCallum Theatre.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 9-12 • 1.5 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 | 1,576 | 1,250 | 60% |
| Lot Size | 3,485 | 517 | 60% |
| Price | $392.0K | $392.0K | 50% |
| Price per sq ft | $249 | $298 | 20% |
| Built year | 1984 | 1973 | 80% |
| HOA | $775.0 | $400 | 80% |
| Days on market | 58 | 162 | 20% |
Apr 8, 2026
$392,000
$399,000
-2% Price Drop
Initial Listing
Mar 25, 2026
$399,000
$414,999
-4% Price Drop
Initial Listing
Feb 23, 2026
$414,999
Initial Listing
Jun 18, 2020
$260,000
Public Record
Sep 23, 2019
$236,000
Public Record
May 12, 2016
$199,000
Public Record