312 S Sierra Madre S, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
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312 S Sierra Madre S
Palm Desert, California 92260
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,347Sq Ft
2,614Lot Size
Property Price
LIST PRICE$469,000
EST. MARKET VALUE
$458,071
SUMMARY
This Turnkey Condominium represents a High-Potential Investment Opportunity, listed at $469,000—positioned slightly above the $458,071 Fair Market Value. While the price reflects a premium, the property is a proven income-generating Asset with over $60,000 in annual revenue. Featuring a Condition Rating of 2, the home includes a brand-new HVAC system and modern updates. Located on the second fairway with mountain views, it offers a premium lifestyle near top-rated schools like James Earl Carter Elementary. This is an ideal acquisition for Buy-and-Hold Investors or Second-Home Buyers.
Estimated Market Value
$458,071
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 |
|---|---|---|---|---|---|---|
★ 312 S Sierra Madre S Subject | $469,000* List Price | 2 | 2 | 1,347 | $340 | - |
A 260 Calle Del Verano Sold | $495,000 | 2 | 2 | 1,584 | $313 | 0.7 mi |
B 146 Las Lomas Sold | $480,000 | 2 | 2 | 1,303 | $368 | 0.5 mi |
C 130 Don Miguel Circle Sold | $379,900 | 2 | 2 | 1,347 | $282 | 0.6 mi |
D 357 San Remo Street Sold | $450,000 | 2 | 2 | 1,347 | $334 | 0.2 mi |
E 109 Verde Way Sold | $495,000 | 2 | 2 | 1,421 | $348 | 0.7 mi |
F 32 Acapulco Sold | $570,000 | 2 | 2 | 1,418 | $402 | 0.8 mi |
G 164 S Castellana Sold | $507,500 | 2 | 3 | 1,656 | $306 | 0.9 mi |
H 43 Joya Sold | $505,000 | 3 | 2 | 1,821 | $277 | 0.3 mi |
I 412 S Sierra Madre Active | $449,000 List Price | 2 | 2 | 1,303 | $345 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation with a brand new HVAC system installed 6 months ago and all appliances less than 3 years old. The interior features modern flooring, updated stone countertops in the kitchen, and contemporary finishes throughout, meeting the criteria for a high-quality renovation under 5 years old.
PROSSTRENGTHS & OPPORTUNITIES
- Proven Investment Potential
The property is a high-performing asset generating over $60,000 in annual revenue and is sold fully turn-key furnished, offering an immediate 'plug-and-play' opportunity for investors.
- Recent Capital Improvements
Key high-ticket items have been recently addressed, including a brand-new HVAC system installed six months ago, a new garage door, and appliances that are all less than three years old.
- Prime Golf Course Location
Positioned on the second fairway of the East Course, the residence features vaulted ceilings and an oversized patio that captures premium views of the golf course and surrounding mountains.
CONSRISKS & DEFICIENCIES
- 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 = 1552.
- High Monthly Carrying Costs
The association fee of $800 per month is substantial and may impact the net cash flow for investors or the overall affordability for traditional buyers.
- Extended Days on Market
Having been active for 82 days with a recent price reduction, the property may be experiencing market resistance, potentially affecting its perceived value to new buyers.
About 312 S Sierra Madre S
Here is a great investment property that has been generating over $60,000 per year based on the current owners revenue. This is a beautifully updated residence, located on the second fairway of the East Course. Home is equipped with 2 large bedrooms, 2 bathrooms, 2 car attached garage, vaulted ceilings, and an oversized covered back patio offering amazing views. Sold completely turn-key furnished, ideal for any investor. All furnishings including appliances are less than 3 years old, brand new HVAC system installed just 6 months ago, and a new roll up garage door installed just 3 months ago. Monterey Country Club offers 27 holes of Championship Golf, 37 community pools and spas, pickle ball and tennis courts, bocce ball and fitness center, and several social activities at the clubhouse. This is perfect desert living.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- 2,614 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $800.0 / Month
Neighborhood Insights
Palm Desert Unified Schools
James Earl Carter Elementary School
Grades K-5 • 0.5 mi
8/10
Abraham Lincoln Elementary School
Grades K-5 • 1.1 mi
6/10
Palm Desert High School
Grades 9-12 • 1.7 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 | 1,347 | 1,519.896 |
| Lot Size | 2,614 | 2,713.504 |
| Price | $469.0K | $465.1K |
| Price per sq ft | $348 | $313 |
| Built year | 1979 | 1984 |
| HOA | $800.0 | $815 |
| Days on market | 96 | 81 |
Pricing History
Listed for Sale
Aug 18, 2026
$469,000
$489,000
-4% Price Drop
Initial Listing
Price Change
Jun 5, 2026
$489,000
Initial Listing
Sold
Jun 5, 2023
$450,000
Public Record
Sold
Mar 9, 2020
$275,000
Public Record
Sold
May 18, 2011
$188,000
Public Record