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303 Villena Way, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath

303 Villena Way, Palm Desert, California 92260 home-pic-0
ACTIVE$486,000$1,303/sqft
303 Villena Way, Palm Desert, California 92260
2Beds
2Baths
1,303Sqft
2,614Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Vacation Rental Income Potential: STRs are allowed by the HOA with a City permit, presenting a rare and attractive opportunity for investors seeking vacation rental income.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2614, other record lot size in square feet = 1113.

Compared to the nearby listings

Price:$486.0K vs avg $505.2K ($-19,164)46%
Size:1,303 sqft vs avg 1,584 sqft25%
Price/sqft:$373 vs avg $32769%

More Insights

Built in 1979 (47 years old).
Condition: Built in 1979, this condo has undergone significant and recent updates, including beautiful wood plank LVT flooring throughout, a kitchen with newer LG stainless steel appliances, modern white cabinetry, and updated countertops. Both bathrooms feature updated vanities and are in very good condition. The property is well-maintained, move-in ready, and shows minimal wear and tear, aligning perfectly with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Year Built
1979
Close
-
List price
$486K
Original List price
$486K
Price/Sqft
$373
HOA
$800
Days on market
-
Sold On
-
MLS number
26632035
Home ConditionGood
Features
Good View: Park/Greenbelt, Mountain(s), Pool
Patio
ViewPark/Greenbelt, Mountain(s), Pool

About this home

Discover the joy of desert living in this updated and well-maintained condo with beautiful wood plank LVT flooring. Enter the private courtyard with front patio to the open living room and dining areas with 14-foot vaulted ceilings and clerestory windows. The kitchen is ready for culinary creations with generous cabinetry, newer LG stainless steel appliances and breakfast bar. The spacious primary suite offers direct rear patio access, an en-suite bath w/double vanity and ample closets. Secondary bedroom and bath are positioned for privacy and flexibility - perfect for guests or remote work. Outside is a spacious patio with mountain views, a perfect spot for your favorite libation. Relax in the pool and spa, which are just steps away. Inside laundry area with LG washer/dryer and the attached garage provides convenience. Monterey Country Club offers a 27-hole Ted Robinson-designed golf course, a vibrant pickleball community with 20+ courts, tennis, bocce ball, fitness center, 37 pools/spas, and a clubhouse offering year-round events. STR's are allowed by HOA with a City permit, which makes this a rare opportunity for investors seeking vacation rental income. Centrally located in the heart of Palm Desert near El Paseo, McCullum Theatre and Acrisure Arena. Furnished and move-in-ready!

L
Laura Marie
Listing Agent

Nearby schools

8/10
James Earl Carter Elementary School
Public,•K-5•0.6mi
6/10
Abraham Lincoln Elementary School
Public,•K-5•1.2mi
7/10
Palm Desert High School
Public,•9-12•1.8mi

Price History

Date
Event
Price
07/11/97
Sold
$120,000
07/23/20
Sold
$286,500
10/23/08
Sold
$300,000
11/09/05
Sold
$395,000
Condition Rating
Good
Built in 1979, this condo has undergone significant and recent updates, including beautiful wood plank LVT flooring throughout, a kitchen with newer LG stainless steel appliances, modern white cabinetry, and updated countertops. Both bathrooms feature updated vanities and are in very good condition. The property is well-maintained, move-in ready, and shows minimal wear and tear, aligning perfectly with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Vacation Rental Income Potential: STRs are allowed by the HOA with a City permit, presenting a rare and attractive opportunity for investors seeking vacation rental income.
Extensive Resort-Style Amenities: Located within Monterey Country Club, residents have access to a 27-hole golf course, 20+ pickleball courts, tennis, bocce ball, a fitness center, 37 pools/spas, and a clubhouse with year-round events.
Updated & Move-in Ready Interior: The condo features updated wood plank LVT flooring, 14-foot vaulted ceilings, clerestory windows, a kitchen with newer LG stainless steel appliances, and is offered furnished and move-in ready.
Prime Location & Scenic Views: Centrally located in Palm Desert near El Paseo, McCullum Theatre, and Acrisure Arena, with a spacious patio offering mountain views and steps away from community pools and spas.
Convenient Features: Includes practical amenities such as an inside laundry area with LG washer/dryer, an attached garage, and a private courtyard with a front patio.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2614, other record lot size in square feet = 1113.
No Mention of Cooling System: The property description does not explicitly mention a cooling system (e.g., central air conditioning), which could be a significant concern for comfort during Palm Desert's hot climate.
High Association Fees: The monthly association fee of $800.0 is substantial and could impact the overall affordability and budget for potential buyers.
Age of Property: Built in 1979, while updated, the property's age may imply older underlying infrastructure or systems that could require future maintenance or replacement, despite cosmetic improvements.
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