
Palm Desert, California 92260
This Turnkey Condominium is a High-Potential Investment Opportunity, listed at $625,000—positioned above the $546,381 Fair Market Value. While priced at a premium, the property features a Mint Condition Rating with high-end Macaubas Quartzite countertops and Restoration Hardware finishes. With an active short-term rental permit and prime Golf Course Frontage, it offers immediate revenue potential. Located near top-rated schools like James Earl Carter Elementary, this residence is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury desert lifestyle with proven income-generating capabilities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 234 Castellana S Subject | $625,000* List Price | 2 | 2 | 1,303 | $446 | - |
A 146 Las Lomas Sold | $480,000 | 2 | 2 | 1,303 | $368 | 1.0 mi |
B 321 San Remo Street Sold | $800,000 | 2 | 2 | 1,584 | $505 | 1.0 mi |
C 193 Seville Circle Sold | $488,500 | 2 | 2 | 1,303 | $375 | 0.2 mi |
D 201 Las Lomas Sold | $757,000 | 2 | 2 | 1,656 | $457 | 1.0 mi |
E 251 Calle Del Verano Sold | $804,000 | 2 | 2 | 1,670 | $481 | 0.2 mi |
F 262 Castellana S Sold | $650,000 | 2 | 2 | 1,656 | $393 | 0.1 mi |
G 255 Calle Del Verano Sold | $625,000 | 3 | 2 | 1,584 | $395 | 0.2 mi |
H 265 Calle Del Verano Active | $650,000 List Price | 2 | 2 | 1,303 | $499 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1980, the property has undergone a comprehensive high-end remodel within the last 5 years. It features a modern open-concept kitchen with Macaubas Quartzite, renovated bathrooms with Carrera Marble, updated flooring, and premium Restoration Hardware fixtures throughout, placing it in mint condition.
The property features high-end finishes including Macaubas Quartzite countertops, Carrera Marble, and designer Restoration Hardware furnishings, offering a sophisticated, move-in-ready luxury experience.
Equipped with an active short-term rental permit and situated in a prime Palm Desert location, this property is positioned as a high-yield asset for investors.
Overlooking the 4th fairway with serene water and mountain views, the unit occupies a superior lot position within the Monterey Country Club.
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 = 1178.
The $800 monthly HOA fee is substantial and may impact the debt-to-income ratio for some buyers or reduce net cash flow for investors.
While the interior is modern, the 1980 construction date suggests that underlying structural elements and common area infrastructure are aging and may require ongoing maintenance.
Overlooking serene water features and the 4th fairway of the Monterey Country Club golf course, this beautifully remodeled single-story condo offers the perfect blend of luxury and location. Current owner has short term rental permit and if you are looking for an investment property, this one provides top dollar for your investment. Just minutes from El Paseo, premier golf courses, the McCallum Theatre, College of the Desert, and the Palm Desert Civic Center Park, you'll enjoy the very best of desert living. This French-inspired residence features soaring vaulted ceilings, tile flooring throughout, and an open-concept living, dining, and kitchen area designed for effortless entertaining. The kitchen is appointed with stainless steel appliances, updated cabinetry, and a stunning natural Macaubas Quartzite countertop with leathered and honed finishes that serve as a true focal point of the home. Offered furnished per inventory, with most furnishings from Restoration Hardware. Every detail has been thoughtfully curated, including Restoration Hardware fixtures such as designer lighting, mirrors, premium faucets, vanities, and hardware throughout the kitchen and laundry. Both spacious bedrooms feature luxurious en-suite bathrooms with Carrera Marble countertops and beautifully renovated showers. The HOA provides exceptional value, covering building maintenance, cable and internet, insurance, exterior painting, common area maintenance, 37 community pools and spas, roof maintenance, roaming security, and trash service. Residents may apply for golf or athletic membership at Monterey Country Club to enjoy championship golf, tennis, pickleball, fitness facilities, and an active social calendar. Don't miss this exceptional opportunity, schedule your private showing today!
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.0 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,303 | 1,548 |
| Lot Size | 3,485 | 2,178 |
| Price | $625.0K | $473.9K |
| Price per sq ft | $480 | $321 |
| Built year | 1980 | 1983 |
| HOA | $800.0 | $800 |
| Days on market | 35 | 69 |
Jun 17, 2026
$625,000
Initial Listing
Aug 28, 2014
$220,000
Public Record