40508 Bay Hill Way, Palm Desert, California 92211, Palm Desert, 92211 - 2 bed, 2 bath
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Palm Desert, California 92211
This Turnkey Golf Course Condominium is listed at $450,000, representing a quality-driven price point compared to the $409,507 Fair Market Value. The valuation is supported by a Condition Rating of 3, featuring significant capital improvements including a new HVAC and water heater (2022) and a fully renovated kitchen with stone countertops. Residents enjoy premium Golf Course and Mountain Views, 20 community pools, and proximity to Desert Sands Unified schools. With short-term rentals permitted, this polished residence is an ideal match for Seasonal Residents or Short-Term Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40508 Bay Hill Way Subject | $450,000* List Price | 2 | 2 | 1,177 | $348 | - |
A 40462 Bay Hill Way Sold | $370,000 | 2 | 2 | 1,177 | $314 | 0.1 mi |
B 41927 Preston Trail Sold | $440,000 | 2 | 2 | 1,245 | $353 | 0.6 mi |
C 77265 Olympic Way Sold | $465,000 | 2 | 2 | 1,177 | $395 | 0.2 mi |
D 40898 La Costa Circle E Sold | $412,000 | 2 | 2 | 1,177 | $350 | 0.1 mi |
E 40316 Bay Hill Way Sold | $412,000 | 2 | 2 | 1,177 | $350 | 0.2 mi |
F 40963 Interlachen Lane Active | $379,000 List Price | 2 | 2 | 1,177 | $322 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This property is in move-in ready condition with significant recent capital improvements, including a new HVAC system and water heater installed in 2022. The interior has been extensively updated with modern wood-look tile flooring, a renovated kitchen featuring stainless steel appliances and stone countertops, and modernized bathrooms with updated vanities and fixtures. While the structure dates to 1981, the level of maintenance and interior styling meets the criteria for a high-quality, well-maintained home.
The property permits short-term rentals, making it a highly flexible asset suitable for a full-time residence, a seasonal vacation home, or a lucrative investment opportunity in a prime Palm Desert location.
Residents enjoy access to an extensive array of resort-style facilities, including 20 pools, pickleball and tennis courts, and a clubhouse, all within a secure gated golf course environment.
With a new HVAC system and water heater installed in 2022, the home offers improved energy efficiency and reduced immediate capital expenditure for the buyer.
The monthly HOA fee of $845 is significant, which increases the total cost of ownership and may impact the debt-to-income ratio for prospective buyers.
Originally constructed in 1981, the property may eventually require updates to older structural or utility components typical of buildings from this era, despite recent interior maintenance.
Experience elevated desert living in this turnkey golf course condo located in a desirable gated community in Palm Desert. This low-maintenance home features an east-facing patio overlooking the course--perfect for enjoying peaceful mornings and beautiful sunrises. Recent upgrades include a new HVAC system and water heater (2022) for added comfort and efficiency. Enjoy resort-style amenities including a stunning clubhouse, pickleball and tennis courts, 20 pools, and beautifully maintained grounds. HOA dues cover cable, internet, landscaping, and 24/7 security. Short-term rentals are permitted, making this an ideal full-time residence, seasonal getaway, or investment opportunity in a prime Palm Desert location.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.9 mi
Grades 6-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,177 | 1,580.5 | 13% |
| Lot Size | 2,614 | 2,614 | 50% |
| Price | $450.0K | $470.0K | 47% |
| Price per sq ft | $382 | $318 | 81% |
| Built year | 1981 | 1987 | 3% |
| HOA | $845.0 | $845 | 50% |
| Days on market | 48 | 162 | 3% |
Mar 6, 2026
$450,000
Initial Listing
Dec 30, 2021
$390,000
Public Record
Mar 18, 2021
$295,000
Public Record
Mar 13, 2020
$260,000
Public Record
May 24, 2017
$230,000
Public Record
Jun 3, 2015
$255,000
Public Record