40513 Bay Hill Way, Palm Desert, California 92211, Palm Desert, 92211 - 2 bed, 2 bath
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Palm Desert, California 92211
This Short-Term Rental Investment Asset is listed at $338,000, positioned above the $280,595 Fair Market Value to reflect its high-yield potential. Holding a Condition Rating of 4, the property is functional but dated, offering a clear Value-Add opportunity through modernization. The residence features panoramic golf course and mountain views and access to 28 pickleball courts. Located in the Desert Sands Unified District near the Disney Cotino community, its short-term rental permit status makes it a strategic acquisition for Short-Term Rental Investors or Seasonal Residents seeking festival-season ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40513 Bay Hill Way Subject | $338,000* List Price | 2 | 2 | 938 | $291 | - |
A 41876 Jupiter Hills Court Sold | $304,000 | 2 | 2 | 938 | $324 | 0.5 mi |
B 40855 Sandy Gale A Sold | $240,000 | 2 | 2 | 925 | $259 | 0.5 mi |
C 40880 Whirling Wind Drive A Sold | $245,000 | 2 | 2 | 925 | $265 | 0.5 mi |
D 40825 Inverness Way Sold | $325,000 | 2 | 2 | 938 | $346 | 0.3 mi |
E 77401 Preston Sold | $362,000 | 2 | 2 | 1,177 | $308 | 0.3 mi |
F 40649 Inverness Way Sold | $387,000 | 2 | 2 | 1,294 | $299 | 0.3 mi |
G 40514 Bay Hill Way Active | $339,000 List Price | 2 | 2 | 938 | $361 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, this 43-year-old property is functional but dated. The kitchen features older laminate countertops, white coil-top appliances, and fluorescent lighting, while the interior retains popcorn ceilings. It is well-maintained but exceeds the 20-year threshold for modern updates.
The property permits short-term rentals, making it a prime opportunity for Airbnb or festival-season income in a highly desirable desert location.
Residents enjoy an exceptional lifestyle with access to 20 heated pools, 28 pickleball courts, and a newly renovated 42,000-square-foot clubhouse.
Perfectly positioned on the 11th fairway, the condo offers sweeping views of the golf course and mountains, enhanced by vaulted ceilings and an open-concept layout.
The association fee of $845 per month is relatively high, which may impact the net cash flow for investors and overall affordability for buyers.
Featuring only 1.5 bathrooms for a two-bedroom unit, the layout may be less convenient for multi-guest stays compared to units with two full bathrooms.
Perfectly positioned within the gates of Palm Desert Resort Country Club, this 2-bedroom, 1.5-bath condo offers sweeping golf and mountain views. Ideally located for both personal use and investment, short-term rentals are permitted making it a prime opportunity for Airbnb or festival-season income. Inside, vaulted ceilings and an open-concept kitchen create a bright, airy flow leading to a private patio overlooking the 11th fairway. Residents enjoy resort-style living with access to a Joe Mulleneaux-designed 18-hole golf course, 20 heated pools and spas, 28 pickleball courts, and a newly renovated 42,000-square-foot clubhouse with a full-service restaurant and fitness center. This home is also just minutes away from the Artisan Club at Cotino, the first "Story living by Disney" community. This nearby destination brings Disney's legendary storytelling and service to life through a waterfront clubhouse, the "Incredibles"-inspired Parr House, and unique community experiences curated by Disney Cast Members. Offered with the option to purchase furniture separately, this condo is ready for a seamless transition. For those interested in the investment potential, 2025 Airbnb financial records are available upon request. This is desert living, elevated.
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 | 938 | 1,598 | 6% |
| Lot Size | 1,804 | 2,613 | 35% |
| Price | $338.0K | $471.0K | 13% |
| Price per sq ft | $360 | $319 | 73% |
| Built year | 1981 | 1987 | 5% |
| HOA | $845.0 | $849 | 48% |
| Days on market | 51 | 157 | 3% |
Apr 17, 2026
$338,000
Initial Listing
Sep 16, 2022
$340,000
Public Record
Mar 27, 2001
$120,000
Public Record