402 Cypress Point Drive, Palm Desert, California 92211, Palm Desert, 92211 - 3 bed, 3 bath
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Palm Desert, California 92211
This property presents a High-Potential Investment Opportunity with a List Price of $690,000—positioned well above the $465,862 Fair Market Value by -48%. While the current list price exceeds market estimates, the Poor Condition Rating and "Diamond in the Rough" status allow for significant value-add through strategic renovations. Featuring a 2,552 sqft open floor plan and resort-style community amenities, this asset is ideal for Fix-and-Flip Investors or Contractors capable of modernizing the interior to capture the equity potential in the desirable Desert Falls neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 402 Cypress Point Drive Subject | $690,000* List Price | 3 | 3 | 2,552 | $183 | - |
A 404 Links Drive Sold | $580,000 | 4 | 3 | 2,302 | $252 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1989 (35 years old), the property falls into the Poor category based on age and the listing's description as a 'Diamond in the Rough.' While the interior is well-kept with some newer flooring, the mirrored walls, brass fixtures, and likely original HVAC/electrical systems require a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 2552.
Located in the highly desired 'Links' neighborhood, the HOA provides comprehensive services including 24-hour security, front yard maintenance, and access to a fitness center, tennis, pickleball, and a championship golf course.
The 2,552 square foot floor plan features high ceilings, an open living/dining area, and excellent bedroom separation, offering a functional and airy flow that is highly sought after in the Palm Desert market.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Explicitly marketed as a 'Diamond in the Rough,' the property requires additional capital investment for updates and repairs to bring it up to modern luxury standards.
The monthly association fee of $879 is substantial, which may deter buyers sensitive to high recurring non-mortgage expenses despite the included amenities.
Great opportunity to scoop up a 'Diamond in the Rough'...this property checks all the boxes and with some added improvements will be a great investment...located in the highly desired 'Links' neighborhood of Desert Falls...this HOA not only includes 24hr security and cable TV, but maintains and irrigates your front yard, provides a community pool and membership to an active fitness center complete with tennis and pickle ball among a full social calendar...And if golf is your passion, there is a popular championship Links style course within the community...Memberships are offered or pay as you play...the course offers challenges for all level of play...Dining and bar available at the clubhouse during the season...After a full day of activities or shopping on El Paseo return home to enjoy this lovely single story residence...high ceilings, an open floor plan and nice separation of the bedrooms lend to the comfort of this property....large kitchen/family room, spacious living room/dining room and roomy primary suite..separate office space and a walk-in tub located in the guest suite...Close to markets, restaurants, and Acrisure Arena...
No exterior & parking available.
Grades K-5 • 2.0 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,552 | 1,991.5 | 81% |
| Lot Size | 11,761 | 6,534 | 92% |
| Price | $690.0K | $580.0K | 71% |
| Price per sq ft | $270 | $308 | 20% |
| Built year | 1989 | 1999 | 19% |
| HOA | $879.0 | $398 | 93% |
| Days on market | 6 | 155 | 0% |
May 31, 2026
$690,000
Initial Listing
Mar 21, 2003
$385,000
Public Record
Mar 10, 1999
$330,000
Public Record
Mar 16, 1994
$226,000
Public Record