314 Lakewood, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
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314 Lakewood
Palm Desert, California 92260
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,101Sq Ft
1,530Lot Size
Property Price
LIST PRICE$389,999
EST. MARKET VALUE
$387,902
SUMMARY
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $389,999—positioned slightly above the $387,903 Fair Market Value. While the price reflects current market stability, the property offers a Condition Rating of 3 with a Modernized Kitchen and Scenic Water Views. Located in the desirable Park Palms community, residents enjoy resort-style amenities and proximity to the highly-rated James Earl Carter Elementary School. This residence is an ideal fit for first-time buyers seeking a desert getaway or Owner-Occupants prioritizing a low-maintenance, lifestyle-focused home.
Estimated Market Value
$387,902
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 |
|---|---|---|---|---|---|---|
★ 314 Lakewood Subject | $389,999* List Price | 2 | 2 | 1,101 | $352 | - |
A 12 Bonita Lane Sold | $440,000 | 2 | 2 | 1,070 | $411 | 0.4 mi |
B 6 La Jolla Drive Sold | $390,000 | 2 | 2 | 1,215 | $321 | 0.5 mi |
C 148 Verde Way Sold | $420,000 | 2 | 2 | 1,070 | $393 | 0.3 mi |
D 45 Verde Way Sold | $370,000 | 2 | 2 | 1,080 | $343 | 0.6 mi |
E 29 Verde Way Sold | $450,000 | 2 | 2 | 1,080 | $417 | 0.6 mi |
F 103 Verde Way Sold | $350,000 | 2 | 2 | 1,212 | $289 | 0.4 mi |
G 11 Marbella Lane Sold | $299,000 | 2 | 2 | 1,080 | $277 | 0.4 mi |
H 67 Verde Way Sold | $375,000 | 2 | 2 | 1,212 | $309 | 0.5 mi |
I 16 San Felipe Drive Active | $375,000 List Price | 2 | 2 | 1,070 | $350 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1984, the property features a renovated kitchen with modern wood cabinetry and stainless steel appliances. The interior is well-maintained with updated wood and tile flooring, making it move-in ready and consistent with a 5-15 year renovation cycle.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Amenities
The Park Palms community offers an extensive suite of amenities including multiple pools, spas, tennis courts, a clubhouse, and fitness facilities, providing a high-end lifestyle experience.
- Modernized Kitchen
The residence features a beautifully updated kitchen with warm wood cabinetry and modern appliances, offering a contemporary aesthetic and immediate move-in readiness.
- Scenic Water Views
Positioned to overlook the community pond and pool, the property provides a tranquil atmosphere and enhanced aesthetic value compared to units without water views.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1530, other record lot size in square feet = 871. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1101, other record living area = 1138.
- High Monthly HOA Fees
The association fee of $775 per month is significant and may impact the overall affordability and debt-to-income ratio for potential buyers.
- Compact Living Space
With 1,101 square feet of living area, the property is relatively modest in size, which may be a drawback for those seeking more spacious primary residences.
About 314 Lakewood
Welcome to 314 Lakewood Ln, where comfortable desert living meets the resort-style amenities of the desirable Park Palms community in Palm Desert. This inviting single-story, 2-bedroom, 2-bath residence features an open-concept living and dining area, a fireplace, ceiling fans, and a beautifully updated kitchen with warm wood cabinetry and modern appliances. Natural light fills the living spaces, while sliding doors create an easy connection to the covered private patio—an ideal setting for morning coffee, outdoor dining, or relaxing after a day in the desert. The home also offers an attached 2-car garage, in-home washer and dryer, and a combination of tile, wood, and carpet flooring. Park Palms offers a true resort-style setting with beautifully landscaped grounds and community amenities including pools, spas, clubhouse, tennis courts, fitness facilities, sauna, and BBQ areas. Conveniently located near Palm Desert shopping, dining, recreation, and everyday services, 314 Lakewood Ln offers an excellent opportunity for a primary residence, desert getaway, or lock-and-leave lifestyle.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1984
- Lot Size
- 1,530 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $775.0 / Month
Neighborhood Insights
Palm Desert Unified Schools
James Earl Carter Elementary School
Grades K-5 • 0.3 mi
8/10
Palm Desert High School
Grades 9-12 • 1.6 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 | 1,101 | 1,519.896 |
| Lot Size | 1,530 | 2,713.504 |
| Price | $390.0K | $465.1K |
| Price per sq ft | $354 | $313 |
| Built year | 1984 | 1984 |
| HOA | $775.0 | $815 |
| Days on market | 26 | 81 |
Pricing History
Listed for Sale
Aug 14, 2026
$389,999
Initial Listing
Sold
Aug 17, 2001
$145,000
Public Record