340 Desert Lakes Drive, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 2 bath

340 Desert Lakes Drive, Palm Springs, California 92264 home-pic-0
ACTIVE$1,200,000
340 Desert Lakes Drive, Palm Springs, California 92264
2Beds
2Baths
1,545Sqft
2,178Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Comprehensive Modern Renovation: Thoughtfully reimagined with a minimalist style, new lighting, terrazzo tile, an expanded kitchen featuring high-end Fisher & Paykel appliances, updated bathrooms, and custom closets, offering a move-in ready contemporary aesthetic.
Top Cons:
High Monthly Association Fees: The substantial monthly association fee of $1654.0 represents a significant ongoing cost that could impact affordability and appeal to some buyers.

Compared to the nearby listings

Price:$1.20M vs avg $442.4K (+$757,550)97%
Size:1,545 sqft vs avg 1,307 sqft65%
Price/sqft:$777 vs avg $34099%

More Insights

Built in 1967 (58 years old).
Condition: Despite being built in 1967, this property has undergone a comprehensive and high-quality renovation, effectively making it a 'new' home internally. The description highlights an 'expanded new kitchen' with 'Fisher & Paykel appliances' and 'custom cabinetry and quartz counters,' along with fully updated bathrooms featuring 'quartz counters, custom vanities and minimalist stacked tile walls,' and 'lit mirrors.' Key infrastructure updates include a 'new electric panel,' 'Tesla EV charging station,' and 'new roof.' The 'terrazzo tile flooring' and 'new lighting and ceiling fans throughout' further confirm that all components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with an 'excellent' condition rating.
Year Built
1967
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$777
HOA
$1,654
Days on market
-
Sold On
-
MLS number
219137916PS
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Mountain(s)
Patio
ViewPark/Greenbelt, Mountain(s)

About this home

Step out of the warm desert sun and into the cool tones of a modernist getaway. This tranquil 2bed/2bath, in the desirable Seven Lakes Country Club, originally designed by Richard A. Harrison in 1967, has been thoughtfully reimagined as an elevated architectural gem. Inside its shadow-blocked walls, you'll be impressed by the home's minimalist style and spacious floor plan. Custom gallery walls display your personal artwork, while terrazzo tile flooring is highlighted with new lighting and ceiling fans throughout. The expanded new kitchen opens into the living and dining areas, adding a breakfast bar, with handsome Fisher & Paykel appliances blending into custom cabinetry and quartz counters. Walls of glass sliders lead to a green leisure terrace with views of mountains and iconic Southridge. The private courtyard, accessible from the living areas and secondary bedroom, is enclosed for maximum privacy and finished with new tile floors and dramatic landscape lighting. Spacious bedrooms offer sleek custom closets, including a built-in work from home space. Both bathrooms offer quartz counters, custom vanities and minimalist stacked tile walls. The primary has a large walk in shower and dual sinks with lit mirrors, while the guest bath has a Roman soaking tub. A new electric panel powers the Tesla EV charging station inside your covered parking. New roof, water softener and custom window coverings complete this perfect picture. Plus, your pool escape is just steps away. Past the 24-hour guarded gate, 'The Gem of the Desert' offers a unique elevated lifestyle with its Ted Robinson-designed 18-hole executive golf course, 15 pools and spas and lively William Cody designed clubhouse waiting to welcome you to its formal dining room, casual cocktail lounge and a terrace overlooking the famous Seven Lakes fountain. Welcome home!

Nearby schools

4/10
Cahuilla Elementary School
Public,K-52.4mi
4/10
Raymond Cree Middle School
Public,6-83.8mi
4/10
Desert Learning Academy
Public,K-121.8mi
6/10
Palm Springs High School
Public,9-121.8mi

Price History

Date
Event
Price
03/23/21
Sold
$485,000
06/21/18
Sold
$280,000
09/18/09
Sold
$66,500
Condition Rating
Excellent

Despite being built in 1967, this property has undergone a comprehensive and high-quality renovation, effectively making it a 'new' home internally. The description highlights an 'expanded new kitchen' with 'Fisher & Paykel appliances' and 'custom cabinetry and quartz counters,' along with fully updated bathrooms featuring 'quartz counters, custom vanities and minimalist stacked tile walls,' and 'lit mirrors.' Key infrastructure updates include a 'new electric panel,' 'Tesla EV charging station,' and 'new roof.' The 'terrazzo tile flooring' and 'new lighting and ceiling fans throughout' further confirm that all components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with an 'excellent' condition rating.
Pros & Cons

Pros

Comprehensive Modern Renovation: Thoughtfully reimagined with a minimalist style, new lighting, terrazzo tile, an expanded kitchen featuring high-end Fisher & Paykel appliances, updated bathrooms, and custom closets, offering a move-in ready contemporary aesthetic.
Exceptional Community Amenities: Located within the desirable Seven Lakes Country Club, providing access to a 24-hour guarded gate, an 18-hole executive golf course, 15 pools and spas, and a William Cody designed clubhouse with dining and a cocktail lounge.
Significant Infrastructure Upgrades: Recent improvements include a new electric panel, Tesla EV charging station, new roof, water softener, and custom window coverings, ensuring modern functionality and reduced immediate maintenance concerns.
Architectural Significance & Design: An elevated architectural gem originally designed by Richard A. Harrison in 1967, appealing to buyers who value modernist design and historical pedigree.
Scenic Views & Private Outdoor Living: Features walls of glass sliders leading to a green leisure terrace with mountain and Southridge views, complemented by a private, enclosed courtyard with new tile and dramatic landscape lighting.

Cons

High Monthly Association Fees: The substantial monthly association fee of $1654.0 represents a significant ongoing cost that could impact affordability and appeal to some buyers.
Condominium Ownership Limitations: As a condominium, the property entails shared walls and reliance on HOA rules and decisions, which may not suit buyers seeking greater privacy or autonomy typical of a single-family home.
Original Build Year (1967): Despite extensive renovations, the property's original construction year of 1967 might raise concerns for some buyers regarding potential underlying older infrastructure not covered by recent upgrades, or perceived age-related issues.

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