
Palm Desert, California 92260
This Turnkey Condominium is a High-Potential Investment Opportunity, listed at $625,000—positioned above the $561,219 Fair Market Value. While priced for its premium condition, the property offers immediate utility through an existing Short-Term Rental Permit. Featuring a Mint Condition Rating, the home boasts Macaubas Quartzite countertops, Carrera Marble en-suites, and Restoration Hardware finishes. With access to 37 community pools and Golf Course views, this residence is an ideal asset for Buy-and-Hold Investors or Owner-Occupants seeking a luxury desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 234 Castellana S Subject 2 bd · 2 ba · 1,303 sqft · $438 | $625,000* List Price | 2 | 2 | 1,303 | $438 | - |
A 271 Tolosa Circle Sold 2 bd · 2 ba · 1,303 sqft · $414 · 0.5 mi | $540,000 | 2 | 2 | 1,303 | $414 | 0.5 mi |
B 72793 Fleetwood Circle Sold 2 bd · 2 ba · 1,223 sqft · $384 · 0.6 mi | $470,000 | 2 | 2 | 1,223 | $384 | 0.6 mi |
C 302 Villena Way Sold 2 bd · 2 ba · 1,347 sqft · $341 · 0.9 mi | $460,000 | 2 | 2 | 1,347 | $341 | 0.9 mi |
D 321 San Remo Street Sold 2 bd · 2 ba · 1,584 sqft · $505 · 1.0 mi | $800,000 | 2 | 2 | 1,584 | $505 | 1.0 mi |
E 262 Castellana S Sold 2 bd · 2 ba · 1,656 sqft · $393 · 0.1 mi | $650,000 | 2 | 2 | 1,656 | $393 | 0.1 mi |
F 245 San Remo Street Sold 3 bd · 2 ba · 1,670 sqft · $377 · 0.9 mi | $630,000 | 3 | 2 | 1,670 | $377 | 0.9 mi |
G 211 Las Lomas Sold 2 bd · 3 ba · 1,800 sqft · $408 · 1.0 mi | $735,000 | 2 | 3 | 1,800 | $408 | 1.0 mi |
H 265 Calle Del Verano Pending 2 bd · 2 ba · 1,303 sqft · $499 · 0.2 mi | $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 kitchen with Macaubas Quartzite countertops, stainless steel appliances, and updated cabinetry. The bathrooms are fully renovated with Carrera Marble and premium fixtures. With tile flooring throughout and designer lighting, the home is in mint, move-in-ready condition.
The property features high-end finishes including Macaubas Quartzite countertops, Carrera Marble en-suites, and Restoration Hardware furnishings, offering a sophisticated, turn-key living experience.
Positioned on the 4th fairway of Monterey Country Club, the condo provides exceptional views of serene water features, the golf course, and the surrounding mountains.
The inclusion of an existing short-term rental permit makes this an ideal investment property capable of generating immediate high-dollar returns in a sought-after desert destination.
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.
At $800 per month, the association fees are substantial, which may deter buyers sensitive to high recurring carrying costs despite the extensive amenities included.
With 84 days on the market, the property is seeing a slower absorption rate, which could indicate pricing resistance or a mismatch with current buyer demand for the area.
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 | 1,495.459 |
| Lot Size | 3,485 | 2,698.484 |
| Price | $625.0K | $456.9K |
| Price per sq ft | $480 | $309 |
| Built year | 1980 | 1984 |
| HOA | $800.0 | $813 |
| Days on market | 130 | 88 |
Jun 17, 2026
$625,000
Initial Listing
Aug 28, 2014
$220,000
Public Record