
Palm Desert, California 92211
This Income-Producing Turnkey Residence is a Strong Value Opportunity listed at $742,900—positioned well below the $748,905 Fair Market Value by 1%. This valuation gap provides $6,005 in Instant Equity. Boasting an Excellent Condition Rating, this 2022-built home features a chef’s kitchen, mountain views, and a rare attached ADU with a proven $1,500/month rental history. Located in the premier University Park community near major colleges, it balances resort-style amenities with high rental demand. This is an ideal match for Owner-Occupants seeking a mortgage offset or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 35815 Mccarthy Street Subject | $670,000* List Price | 4 | 4 | 2,343 | $293 | - |
A 36144 Cameron Place Sold | $810,500 | 4 | 3 | 2,484 | $326 | 0.4 mi |
B 74260 Dexter Street Sold | $654,900 | 4 | 3 | 2,189 | $299 | 0.1 mi |
C 74231 Becker Street Sold | $624,460 | 5 | 5 | 2,328 | $268 | 0.1 mi |
D 74255 Becker Street Sold | $645,219 | 5 | 5 | 2,328 | $277 | 0.1 mi |
E 35803 Lasuen Street Sold | $835,000 | 4 | 4 | 2,735 | $305 | 0.1 mi |
F 73704 Raphael Drive Sold | $660,000 | 4 | 3 | 2,312 | $285 | 0.3 mi |
G 35887 Mccarthy Street Active | $670,000 List Price | 4 | 4 | 2,343 | $286 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2022, this former builder model is in like-new condition and features premium contemporary upgrades throughout. The property boasts a chef's kitchen with quartz countertops, double ovens, and stainless steel appliances, along with modern flooring and high-end light fixtures. As a recent construction with no deferred maintenance and high-quality finishes, it perfectly meets the criteria for an excellent rating.
The property features a rare attached ADU with a private entrance and a proven rental history of $1,500/month, providing an excellent opportunity for mortgage offset or multi-generational living.
As the original 2022 builder model, this home is loaded with high-end finishes, soaring ceilings, and a professional landscaping package that exceeds standard neighborhood specs.
Perfectly positioned near three major college campuses (CSU San Bernardino, UC Riverside, and College of the Desert), ensuring high rental demand and long-term investment stability.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property is subject to a $250 monthly HOA fee, which increases the fixed monthly carrying costs for the owner.
At 5,467 square feet, the lot is relatively compact, which may limit options for those seeking extensive private outdoor space or large-scale gardening.
Builder upgrades without the wait. You've done the tours. You've walked the builder's models. And every time you get close, something gets in the way -- the wait, the preferred lender requirement, the incentive that isn't quite what it seemed. What if the home you've been looking for is already built, already finished, and ready to close in 30 days?35815 McCarthy is a meticulously maintained 2022-built residence in University Park -- Palm Desert's premier master-planned community -- delivering 2,343 square feet across four bedrooms and four baths. The warm, neutral interior palette creates an atmosphere that does something most homes can't: it makes you exhale. Soft creams, natural stone, light granite countertops, warm cabinetry, premium finishes throughout. A gourmet kitchen with double oven, gas cooktop, and stainless appliances that flows into an open great room bathed in natural light. An attached ADU with private entrance carrying a documented rental history at $1,500/month. And owned solar -- near-zero utility bills, every month, built into the deed.The Grove amenity center is fully operational: dual pools and spa, pickleball and bocce courts, modern fitness center, clubhouse, BBQ areas, fire pits, parks, and dog park. As you imagine your first morning here -- light coming through those warm rooms, coffee in hand, the mountain views doing what they always do -- notice how naturally this place becomes the answer to every search you've run.Call to schedule your private showing today.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 78% |
| Baths | 4.0 | 2.0 | 83% |
| Square foot | 2,343 | 1,942 | 71% |
| Lot Size | 5,467 | 6,534 | 20% |
| Price | $670.0K | $575.0K | 67% |
| Price per sq ft | $286 | $312 | 30% |
| Built year | 2022 | 1999 | 89% |
| HOA | $250.0 | $398 | 33% |
| Days on market | 92 | 160 | 20% |
Mar 22, 2026
$670,000
$700,000
-4% Price Drop
Initial Listing
Mar 15, 2026
$700,000
$742,900
-6% Price Drop
Initial Listing
Mar 8, 2026
$742,900
$742,700
+0% Price Increase
Initial Listing
Feb 17, 2026
$742,700
$799,500
-7% Price Drop
Initial Listing
Jan 21, 2026
$799,500
Initial Listing
Mar 10, 2023
$606,000
Public Record
Mar 10, 2023
$137,500
Public Record