16 San Felipe Drive, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
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Palm Desert, California 92260
This Turnkey Condominium represents a Prime Investment Opportunity, listed at $375,000—positioned well below the $385,040 Fair Market Value by 2%. This valuation gap offers $10,040 in Instant Equity for the buyer. Featuring a Good Condition Rating with a modernized granite kitchen and unobstructed mountain views, this residence offers a maintenance-free lifestyle within the guard-gated Silver Sands Racquet Club. With proximity to top-rated schools like James Earl Carter Elementary, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking resort-style desert living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16 San Felipe Drive Subject | $375,000* List Price | 2 | 2 | 1,070 | $360 | - |
A 6 La Jolla Drive Sold | $390,000 | 2 | 2 | 1,215 | $321 | 0.2 mi |
B 12 Bonita Lane Sold | $440,000 | 2 | 2 | 1,070 | $411 | 0.1 mi |
C 6 La Jolla Dr Sold | $390,000 | 2 | 2 | 1,215 | $321 | 0.2 mi |
D 148 Verde Way Sold | $420,000 | 2 | 2 | 1,070 | $393 | 0.1 mi |
E 45 Verde Way Sold | $370,000 | 2 | 2 | 1,080 | $343 | 0.2 mi |
F 148 Verde Way Sold | $420,000 | 2 | 2 | 1,070 | $393 | 0.1 mi |
G 152 Verde Active | $398,000 List Price | 2 | 2 | 1,070 | $372 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1986, the property has undergone significant modernization that places it in the 'Good' category. The kitchen and bathrooms feature updated granite countertops and stainless steel appliances. While some elements like the large-format floor tile and fireplace masonry reflect a renovation likely performed 10-15 years ago, the home is well-maintained, move-in ready, and the HOA covers major systems like the roof.
Located in the guard-gated Silver Sands Racquet Club, residents enjoy access to 15 pools, 7 tennis courts, 4 pickleball courts, and a fitness center, offering a comprehensive desert lifestyle.
The home features a renovated kitchen with granite countertops and stainless appliances, complemented by soaring ceilings and a private patio with unobstructed mountain views.
Ideally positioned near the community's back gate for easy access, the property is just minutes away from El Paseo's premier shopping, dining, and world-class golf courses.
The association fee of $879 per month is a significant recurring cost that may impact overall affordability and buyer interest despite the included utilities and maintenance.
With only 1,070 square feet of living space, the interior footprint is relatively small for a two-bedroom residence, which may feel restrictive for some buyers.
Desert Living at Its Best - Silver Sands Racquet Club!Discover the perfect blend of comfort, style, and resort living in this beautifully updated 2BD/2BA home in the highly desirable Silver Sands Racquet Club--one of Palm Desert's best-kept secrets. Ideally positioned just steps from a quiet pool shared by only eight homes, this residence offers a rare mix of privacy, convenience, and low-maintenance luxury. Enjoy a prime location near the back gate for easy community access and close proximity to El Paseo's shopping, dining, golf, and hiking.Inside, you'll love the bright, open floor plan, featuring soaring ceilings, a cozy fireplace, and abundant natural light. The modernized kitchen includes granite countertops, stainless appliances, ample cabinetry, and a breakfast bar that flows seamlessly into the dining and living areas--perfect for entertaining or relaxing. The primary suite offers an en-suite bath, dual vanities, and direct patio access, while the guest bedroom is ideal for visitors or a home office.Enjoy two private outdoor spaces--a welcoming courtyard and a rear patio with a Permawood cover and unobstructed mountain views. Additional highlights include a 2-car attached garage and recent updates throughout.Silver Sands offers 15 pools and spas, 7 tennis courts, 4 pickleball courts, a fitness center, and a clubhouse, all within a guard-gated community. HOA covers roof, exterior, cable, internet, security, trash, and amenities--providing a truly maintenance-free lifestyle in the heart of Palm Desert.
No exterior & parking available.
Grades K-5 • 0.4 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 | 1,070 | 1,548 | 8% |
| Lot Size | 3,920 | 2,613 | 75% |
| Price | $375.0K | $499.0K | 18% |
| Price per sq ft | $350 | $335 | 59% |
| Built year | 1986 | 1979 | 89% |
| HOA | $879.0 | $764 | 78% |
| Days on market | 31 | 157 | 3% |
May 7, 2026
$375,000
Initial Listing
Oct 30, 1996
$75,000
Public Record