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

340 Desert Lakes Drive
Palm Springs, California 92264
Property Price
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
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
Raymond Cree Middle School
Grades 6-8 • 3.8 mi
Desert Learning Academy
Grades K-12 • 1.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,545 | 1,325 | 61% |
| Lot Size | 2,178 | 1,166 | 77% |
| Price | $995.0K | $450.0K | 90% |
| Price per sq ft | $644 | $330 | 95% |
| Built year | 1967 | 1977 | 14% |
| HOA | $1654.0 | $624 | 93% |
| Days on market | 128 | 163 | 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















































