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

340 Desert Lakes Drive

Palm Springs, California 92264

ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,545Sq Ft
2,178Lot Size

Property Price

LIST PRICE$995,000

SUMMARY

Analysis of 340 Desert Lakes Drive, Palm Springs, California 92264 is currently available with a list price of $995,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Although originally built in 1967, the property has undergone an extensive and high-end recent renovation that meets current luxury standards. The home features a brand-new expanded kitchen with premium Fisher & Paykel appliances, fully updated bathrooms with custom vanities and quartz counters, and new terrazzo tile flooring. Major infrastructure is also updated, including a new roof, a new electric panel with a Tesla EV charging station, and new lighting/fixtures throughout, leaving no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Architectural Pedigree & Design

    Designed by Richard A. Harrison and thoughtfully reimagined, this modernist home features high-end finishes like terrazzo tile, custom gallery walls, and a chef's kitchen with Fisher & Paykel appliances.

  • Premium Community Lifestyle

    Situated in the 'Gem of the Desert,' the property offers access to a 24-hour guarded gate, a Ted Robinson-designed golf course, 15 pools, and a historic William Cody-designed clubhouse.

  • Modern Infrastructure Upgrades

    The home is equipped with significant functional improvements, including a new roof, an updated electric panel, a Tesla EV charging station, and a water softening system.

CONSRISKS & DEFICIENCIES

  • High Carrying Costs

    The monthly association fee of $1,654 is considerably high, which may deter budget-conscious buyers or impact the property's investment yield.

  • School District Ratings

    The local public schools serving the area carry relatively low ratings (4 out of 10), which could be a drawback for families prioritizing educational performance.

About 340 Desert Lakes Drive

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!

Property Details

Public Facts

Property Type
Condominium
Year Built
1967
Lot Size
2,178 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$1654.0 / Month

Neighborhood Insights

Palm Springs Unified Schools

Cahuilla Elementary School

Grades K-5 • 2.4 mi

4/10

Raymond Cree Middle School

Grades 6-8 • 3.8 mi

4/10

Desert Learning Academy

Grades K-12 • 1.8 mi

4/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot1,5451,325
61%
Lot Size2,1781,166
77%
Price$995.0K$450.0K
90%
Price per sq ft$644$330
95%
Built year19671977
14%
HOA$1654.0$624
93%
Days on market128163
34%

Pricing History

Listed for Sale

Jan 30, 2026

$995,000

$1,200,000

-17% Price Drop

Initial Listing

Price Change

Oct 30, 2025

$1,200,000

Initial Listing

Sold

Mar 23, 2021

$485,000

Public Record

Sold

Jun 21, 2018

$280,000

Public Record

Sold

Sep 18, 2009

$66,500

Public Record

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