248 La Paz, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
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248 La Paz
Palm Desert, California 92260
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,303Sq Ft
1,114Lot Size
Property Price
LIST PRICE$449,900
EST. MARKET VALUE
$408,492
10% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $499,999—positioned well above the $434,412 Fair Market Value by 15%. While the property requires significant modernization given its Condition Rating of 4, it offers a prime Golf Course View and access to premium Monterey Country Club amenities. The layout provides a solid foundation for value-add renovations. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants looking to customize a residence in a high-demand desert location.
Estimated Market Value
$408,492
Based on Realkey algorithm analyzing recent comparable sales in Palm Desert.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 248 La Paz Subject | $449,900* List Price | 2 | 2 | 1,303 | $314 | - |
A 278 Tolosa Circle Sold | $425,000 | 2 | 2 | 1,347 | $316 | 0.5 mi |
B 79 Camino Arroyo N Sold | $405,000 | 2 | 2 | 1,533 | $264 | 0.7 mi |
C 130 Don Miguel Circle Sold | $379,900 | 2 | 2 | 1,347 | $282 | 0.3 mi |
D 244 Serena Drive Sold | $369,000 | 2 | 2 | 1,422 | $259 | 0.3 mi |
E 357 San Remo Street Sold | $450,000 | 2 | 2 | 1,347 | $334 | 0.5 mi |
F 318 Paseo Primavera Sold | $375,000 | 2 | 2 | 1,303 | $288 | 0.4 mi |
G 193 Seville Circle Sold | $488,500 | 2 | 2 | 1,303 | $375 | 0.7 mi |
H 254 La Paz Way Active | $399,000 List Price | 2 | 2 | 1,457 | $274 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1979 (45 years old) and appearing largely original or with very old renovations, the interior features dated elements such as popcorn ceilings and vintage wallpaper. While the listing suggests it is well-maintained, the 'make it your own' description and visual evidence of age indicate the kitchen, baths, and systems likely require significant cosmetic and functional updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Golf Course Location
The property is situated in a premium spot backing directly onto the golf course, offering expansive green views and a serene desert atmosphere.
- Resort-Style Amenities
Located within the Monterey Country Club, residents have access to a Ted Robinson-designed golf course, tennis, pickleball, a fitness center, and multiple community pools.
- Private Outdoor Living
The home features a private gated courtyard and an open floorplan, providing a secure and seamless indoor-outdoor living experience typical of Palm Desert luxury.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee is $765 per month, which represents a significant recurring expense that may impact the budget of cost-conscious buyers.
- Likely Needs Modernization
Built in 1979 and described as 'waiting for you to make it your own,' the interior likely requires additional investment for renovations to meet modern aesthetic standards.
About 248 La Paz
Enjoy desert living in this beautifully manicured and maintained community of Monterey Country Club! Great location to restaurants, shopping and freeways. This property is located close to the country club and has gorgeous views backing to the golf course. Enter through the private gated courtyard and into the open floorplan. This home has 2 bedrooms and 2 full baths and is just waiting for you come in and make it your own. Come and enjoy the Monterey Country Club lifestyle with lots of amenities such as a Ted Robinson-designed golf course, tennis courts and pickleball! Plus a fitness center, clubhouse dining, community pools and spas.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- 1,114 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $765.0 / Month
Neighborhood Insights
Palm Desert Unified Schools
James Earl Carter Elementary School
Grades K-5 • 0.9 mi
8/10
Abraham Lincoln Elementary School
Grades K-5 • 1.4 mi
6/10
Palm Desert High School
Grades 9-12 • 2.0 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,303 | 1,519.896 |
| Lot Size | 1,114 | 2,713.504 |
| Price | $449.9K | $465.1K |
| Price per sq ft | $345 | $313 |
| Built year | 1979 | 1984 |
| HOA | $765.0 | $815 |
| Days on market | 25 | 81 |
Pricing History
Listed for Sale
Sep 2, 2026
$449,900
$499,999
-10% Price Drop
Initial Listing
Price Change
Aug 15, 2026
$499,999
Initial Listing