
Palm Desert, California 92260
This Vibrant Waterfront Condominium is a Strong Value Opportunity, listed at $398,000—positioned well below the $426,137 Fair Market Value by 6%. This valuation gap provides $28,137 in Instant Equity. Boasting an Excellent Condition Rating with modern renovations, the home features panoramic lake and mountain views and a versatile dual-suite layout with a large loft. Located near the 8-rated James Earl Carter Elementary, this property offers a premium resort lifestyle. It is an ideal acquisition for Owner-Occupants or Seasonal Residents seeking a turnkey desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 204 Lakecrest Lane Subject | $388,000* List Price | 2 | 2 | 1,576 | $253 | - |
A 49 Maximo Way Sold | $425,000 | 2 | 2 | 1,533 | $277 | 0.4 mi |
B 40 Presidio Place Sold | $499,000 | 3 | 2 | 1,821 | $274 | 0.6 mi |
C 4 Maximo Way Sold | $485,000 | 3 | 2 | 1,759 | $276 | 0.5 mi |
D 41773 Aventine Court Sold | $489,000 | 3 | 2 | 1,537 | $318 | 0.3 mi |
E 34 Camino Arroyo Place Sold | $470,000 | 3 | 2 | 1,950 | $241 | 0.3 mi |
F 4018 Via Fragante 2 Sold | $475,000 | 2 | 2 | 1,610 | $295 | 0.5 mi |
G 69 Camino Arroyo N Active | $485,000 List Price | 2 | 2 | 1,533 | $316 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1984, the property has undergone extensive recent renovations that bring it up to modern standards. The interior features high-quality wood-look tile flooring, a completely updated kitchen with stainless steel appliances and stone countertops, and modernized bathrooms with contemporary vanities and glass enclosures. With updated fixtures, modern hardware, and soaring ceilings, the home shows no signs of deferred maintenance and is in top-tier, move-in-ready condition.
The property features stunning, unobstructed lake and mountain views from the living areas and private courtyard, significantly enhancing the home's tranquility and aesthetic appeal.
The floor plan offers exceptional flexibility with primary suites on both levels and a large loft with a Murphy bed, making it ideal for hosting guests or multi-generational living.
Located in a gated community, residents enjoy resort-style living with access to pools, tennis, pickleball, and a clubhouse, with high-speed internet and cable included in the HOA.
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 = 1561.
At $775 per month, the association fees are substantial and may impact the overall affordability and debt-to-income ratio for potential buyers.
While the interior features modern updates, the 1984 build date may imply that some original infrastructure or common area elements are nearing the end of their functional lifespan.
Tucked along a quiet lane in a premium Palm Desert location, this vibrant home blends comfort and style with tile flooring, updated fixtures, modern hardware, and custom-built ins. The open living and dining area impresses with soaring two story ceilings, mirrored accents, and a sleek fireplace. Two sets of sliding glass doors frame stunning lake views, where swaying palms and lush greenery create a serene backdrop. Designed for flexibility, the home offers two primary suites--one conveniently located on the main level and another upstairs with a spacious walk in closet and generous bath. The large loft serves as an ideal family room or private retreat and includes a Murphy bed for visiting guests. Step outside to the fenced courtyard and enjoy sunny, unobstructed lake views--perfect for morning coffee or evening cocktails. Park Palms is a beautifully maintained gated community featuring park like grounds, meandering streams, shimmering lakes, a well appointed clubhouse, fitness center, pools, spas, and tennis and pickleball courts. Homeowners also enjoy a vibrant social calendar, with seasonal events and gatherings at the clubhouse that bring neighbors together and enhance the community's welcoming atmosphere. Its central location places you close to Desert Willow Golf Resort, El Paseo, the McCallum Theatre, and a wide array of shopping and dining. Monthly HOA fees include cable and high-speed internet. Offered furnished so you can move in right away or offer it as a seasonal or monthly rental.
No exterior & parking available.
Grades K-5 • 0.3 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 | 1,550 | 53% |
| Lot Size | 3,485 | 2,492 | 71% |
| Price | $388.0K | $502.5K | 19% |
| Price per sq ft | $246 | $335 | 5% |
| Built year | 1984 | 1979 | 86% |
| HOA | $775.0 | $761 | 61% |
| Days on market | 61 | 162 | 7% |
Apr 1, 2026
$388,000
$398,000
-3% Price Drop
Initial Listing
Feb 20, 2026
$398,000
Initial Listing
Apr 12, 2022
$465,000
Public Record
Apr 15, 2021
$285,000
Public Record
Nov 25, 2003
$215,000
Public Record
Jul 7, 1994
$97,500
Public Record