40504 Corte Placitas, Palm Desert, California 92260, Palm Desert, 92260 - 3 bed, 3 bath

40504 Corte Placitas
Palm Desert, California 92260
Property Price
SUMMARY
Analysis of 40504 Corte Placitas, Palm Desert, California 92260 reveals a Fairly Priced Property with a current list price of $769,000 aligned with the estimated $789,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Palm Desert 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40504 Corte Placitas Subject | $769,000* List Price | 3 | 3 | 2,395 | $329 | - |
A 40399 Corte Placitas Sold | $850,000 | 4 | 4 | 2,781 | $306 | 0.1 mi |
B 41728 Via Treviso Sold | $820,000 | 3 | 3 | 2,474 | $331 | 0.8 mi |
C 74048 Via Vittorio Sold | $930,000 | 3 | 4 | 2,774 | $335 | 0.7 mi |
D 40603 Via Fonda Active | $800,000 List Price | 4 | 3 | 2,430 | $329 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2005, this property falls within the 10-20 year age bracket for a 'good' condition rating. It is move-in ready with several significant updates, including luxury vinyl plank flooring, upgraded LED lighting, a newer HVAC system, and a climate-controlled garage with an EV charger. The kitchen and bathrooms are well-maintained with granite and stone countertops and high-end stainless steel appliances, showing pride of ownership and minimal wear, though they retain the original high-quality cabinetry and layout from the construction period.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Outdoor Amenities
The property features a private pool, spa, and an expansive lanai with dramatic mountain views, offering a quintessential indoor-outdoor desert living experience.
- Modern Infrastructure
Equipped with a climate-controlled 2.5-car garage featuring epoxy floors and an EV charger, plus a newer HVAC system for improved energy efficiency.
- Gourmet Entertaining Kitchen
The chef-inspired kitchen boasts granite countertops, high-end stainless steel appliances, and a wet bar with a wine fridge, ideal for hosting guests.
CONSRISKS & DEFICIENCIES
- Solar Lease Obligation
The property comes with a leased solar system at $282 per month, which represents a mandatory long-term financial commitment for the buyer.
- Market Pricing Adjustments
Multiple recent price reductions from the original list price suggest the property is still navigating market demand to find its optimal value.
About 40504 Corte Placitas
Elegant Cul-de-Sac Retreat with Pool, Spa & Mountain Views! Tucked away on a quiet cul-de-sac in the heart of Palm Desert, this expansive three-bedroom, two-and-a-half-bath residence offers refined desert living with breathtaking mountain views, generous entertaining spaces, and seamless indoor-outdoor flow. Inside, the home is beautifully appointed with 14" tile flooring, luxury vinyl plank in select areas, cellular window treatments, and upgraded LED lighting throughout. The expansive open kitchen is designed for both everyday living and entertaining, featuring granite countertops, tile backsplash, high-end stainless steel appliances, a wet bar with wine fridge, and a breakfast bar with ample seating. The great room is warm and inviting, anchored by a tiled gas fireplace with custom built-in cabinetry and shelving - perfect for housing audiovisual equipment and enhanced by built-in rear-channel speakers. Adjacent to the living area, a versatile flex space currently serves as a game room but easily transitions into a formal dining or additional seating area, all while capturing stunning mountain views. An informal dining area just off the breakfast bar features glass French doors that open to an expansive side yard with custom tiered hardscape and artificial turf, creating a tranquil setting framed by the surrounding mountains. The primary suite is a true retreat, offering updated vinyl plank flooring, recessed LED lighting, a stylish fandelier, and glass French doors with invisible screens that open directly to the lanai - perfect for enjoying the desert lifestyle year-round. The spa-inspired ensuite bath features dual sinks with stone countertops, a glass-enclosed shower with bench, a jetted soaking tub, and a spacious walk-in closet. Two additional bedrooms are generously sized and filled with natural light, sharing a well-appointed pass-through bathroom with dual sinks and a shower/tub combination. Outdoors, the property truly shines. The expansive lanai and extended patio create multiple areas for relaxing and entertaining, while the yard wraps around to the front of the home where a sparkling pool and spa await - set against dramatic mountain views that define desert living at its finest. Additional highlights include leased solar ($282 mo), a large laundry room, newer HVAC system, and an oversized, insulated, climate-controlled 2.5-car garage with epoxy-sealed floors and a 240v outlet for an EV charger. Ideally located near Albertsons and Bristol Farms shopping centers, this home offers convenient access to grocery stores, dining, and everyday amenities. This is a rare opportunity to enjoy space, comfort, and stunning scenery in a prime Palm Desert location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2005
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $146.96 / Month
Neighborhood Insights
Palm Desert Unified Schools
James Earl Carter Elementary School
Grades K-5 • 0.7 mi
Palm Desert High School
Grades 9-12 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,395 | 2,309 | 52% |
| Lot Size | 8,712 | 10,018 | 39% |
| Price | $769.0K | $867.0K | 39% |
| Price per sq ft | $321 | $390 | 19% |
| Built year | 2005 | 1983 | 92% |
| HOA | $146.96 | $0 | 65% |
| Days on market | 54 | 160 | 5% |
Pricing History
Listed for Sale
Feb 10, 2026
$769,000
$779,000
-1% Price Drop
Initial Listing
Price Change
Jan 30, 2026
$779,000
$789,000
-1% Price Drop
Initial Listing
Price Change
Jan 12, 2026
$789,000
Initial Listing
Sold
Nov 21, 2017
$460,000
Public Record
Sold
Apr 7, 2006
$726,000
Public Record










































