312 S Sierra Madre S, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
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Palm Desert, California 92260
This Turn-Key Condominium represents a Strong Value Opportunity, listed at $489,000—positioned slightly above the $481,778 Fair Market Value. Boasting an Excellent Condition Rating, this residence features a brand-new HVAC system and recent high-quality updates. Situated on the second fairway of the Monterey Country Club, the property offers a Spacious Covered Patio with panoramic mountain and golf course views. With its proven track record as an income producer, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium desert lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 312 S Sierra Madre S Subject | $489,000* List Price | 2 | 2 | 1,347 | $358 | - |
A 146 Las Lomas Sold | $480,000 | 2 | 2 | 1,303 | $368 | 0.5 mi |
B 32 Acapulco Sold | $570,000 | 2 | 2 | 1,418 | $402 | 0.8 mi |
C 357 San Remo Street Sold | $450,000 | 2 | 2 | 1,347 | $334 | 0.2 mi |
D 130 Don Miguel Circle Sold | $379,900 | 2 | 2 | 1,347 | $282 | 0.6 mi |
E 259 San Remo Street Sold | $455,000 | 2 | 2 | 1,347 | $338 | 0.2 mi |
F 41597 Armanac Court Sold | $398,000 | 2 | 2 | 1,514 | $263 | 0.4 mi |
G 318 Paseo Primavera Sold | $375,000 | 2 | 2 | 1,303 | $288 | 0.3 mi |
H 220 Madrid Avenue Sold | $585,000 | 2 | 2 | 1,447 | $404 | 0.7 mi |
I 412 S Sierra Madre Active | $459,000 List Price | 2 | 2 | 1,303 | $352 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1979, the property has undergone a recent comprehensive renovation. It features a brand new HVAC system (6 months old), appliances less than 3 years old, and modern interior finishes including updated flooring and lighting. It meets the criteria for excellent condition due to the recent high-quality updates and mint, turn-key status.
The property is sold fully furnished with high-quality items less than three years old and has a proven track record as a successful income producer, making it an ideal 'plug-and-play' asset for investors.
Situated on the second fairway of the East Course, the residence features a spacious covered patio that maximizes stunning views of the golf course, hills, and mountains.
A brand-new HVAC system installed only six months ago provides significant value and peace of mind, reducing the likelihood of immediate capital expenditures for the new owner.
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 = 1552.
The $800 monthly association fee is a substantial recurring expense that may impact the overall affordability and net ROI for some buyers.
Built in 1979, the property is part of an older development, which may lead to future maintenance challenges or special assessments related to aging common area components.
Welcome to Monterey Country Club, where you will find this beautifully updated residence, located on the second fairway of the East Course. Property is equipped with 2 large bedrooms, 2 bathrooms, 2 car attached garage, vaulted ceilings, and an extremely spacious covered back patio offering amazing views. This home has been a very successful income producer, and is being sold completely turn-key furnished, ideal for any investor. All furnishings including appliances are less than 3 years old, and a brand new HVAC system was installed just 6 months ago. At Monterey Country Club, you will enjoy 27 holes of Championship Golf, 37 community pools and spas, pickle ball and tennis courts, bocce ball and fitness center, and a clubhouse offering several social activities. This is perfect desert living.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.1 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,347 | 1,548 |
| Lot Size | 2,614 | 2,178 |
| Price | $489.0K | $473.9K |
| Price per sq ft | $363 | $321 |
| Built year | 1979 | 1983 |
| HOA | $800.0 | $800 |
| Days on market | 48 | 69 |
Jun 5, 2026
$489,000
Initial Listing
Jun 5, 2023
$450,000
Public Record
Mar 9, 2020
$275,000
Public Record
May 18, 2011
$188,000
Public Record