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40518 Corte Placitas, Palm Desert, California 92260, Palm Desert, 92260 - 4 bed, 4 bath

40518 Corte Placitas, Palm Desert, California 92260 home-pic-0
ACTIVE$879,600
40518 Corte Placitas, Palm Desert, California 92260
4Beds
4Baths
2,989Sqft
10,019Lot

Price Vs. Estimate

The estimated value ($790,417.385) is $89,182.615 (10%) lower than the list price ($879,600). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Outdoor Amenities: The property boasts a sprawling backyard with a charming gazebo, tranquil courtyard with a water fountain, a generous pool, outdoor shower, and eight fruit trees, creating a true resort-style living experience.
Top Cons:
Pricing Discrepancy: The current list price is 10% higher than the property's estimated value, which may lead to buyer hesitation or a longer time on the market.

Compared to the nearby listings

Price:$879.6K vs avg $825.0K (+$54,600)58%
Size:2,989 sqft vs avg 2,165.5 sqft73%
Price/sqft:$294 vs avg $37110%

More Insights

Built in 2005 (20 years old).
Condition: The property was built in 2005, placing it at 19 years old, which is at the older end of the 'Good' category or the newer end of 'Fair'. While the description mentions 'upgraded amenities' in the master bathroom (self-flushing toilet, bidet), the images reveal that other bathrooms (e.g., green and terracotta tile, black and white tile) and the kitchen (older style cabinetry, appliances, and granite countertops) retain a style consistent with its 2005 build or earlier, suggesting they have not undergone a full modern renovation. The Spanish tile flooring throughout, while well-maintained, also contributes to a more traditional, rather than contemporary, aesthetic. Overall, the property is well-maintained but shows signs of being outdated in key areas like the kitchen and secondary bathrooms, requiring minor updates to meet current quality standards and styles.
Year Built
2005
Close
-
List price
$880K
Original List price
$900K
Price/Sqft
$294
HOA
$27
Days on market
-
Sold On
-
MLS number
219124170DA
Home ConditionFair
Features
Good View:
Pool
Patio
View-

About this home

Resort style living in this exquisite Spanish style oasis, ideally situated on the most desirable lot at the end of the culdesac. As you step inside, the timeless elegance of Spanish tile flooring welcomes you, leading you through warm and inviting spaces. Entertain with ease at the wet bar, adorned with stunning granite countertops. The spacious kitchen, featuring a walk-in pantry and captivating views of the backyard, is perfect for culinary enthusiasts. Two bedrooms share a beautifully designed Jack and Jill bathroom, while the laundry room conveniently connects to the expansive threecar garage. The master suite serves as a private retreat, offering breathtaking views and a luxurious ensuite bathroom, complete with two walkin closets and upgraded amenities like a self flushing toilet and a bidet. A cozy fireplace enhances the living area's ambiance, and a versatile office/den space can easily transform into an additional bedroom. Step outside to your sprawling backyard, featuring a charming gazebo for family gatherings and a tranquil courtyard with a soothing water fountain. Dive into the generous pool or rinse off with the outdoor shower. With eight fruit trees including plum, fig, and grapefruit you can enjoy fresh produce year round. This property also includes a separate Casita, ideal for guests or rental opportunities. Centrally located near El Paseo's shopping, world class golf courses and entertainment options this home embodies luxury and convenience. PricedToSell

Nearby schools

8/10
James Earl Carter Elementary School
Public,•K-5•0.7mi
7/10
Palm Desert High School
Public,•9-12•1.9mi
Condition Rating
Fair
The property was built in 2005, placing it at 19 years old, which is at the older end of the 'Good' category or the newer end of 'Fair'. While the description mentions 'upgraded amenities' in the master bathroom (self-flushing toilet, bidet), the images reveal that other bathrooms (e.g., green and terracotta tile, black and white tile) and the kitchen (older style cabinetry, appliances, and granite countertops) retain a style consistent with its 2005 build or earlier, suggesting they have not undergone a full modern renovation. The Spanish tile flooring throughout, while well-maintained, also contributes to a more traditional, rather than contemporary, aesthetic. Overall, the property is well-maintained but shows signs of being outdated in key areas like the kitchen and secondary bathrooms, requiring minor updates to meet current quality standards and styles.
Pros & Cons

Pros

Exceptional Outdoor Amenities: The property boasts a sprawling backyard with a charming gazebo, tranquil courtyard with a water fountain, a generous pool, outdoor shower, and eight fruit trees, creating a true resort-style living experience.
Separate Casita for Flexibility: Includes a separate Casita, offering excellent potential for guest accommodation, a private home office, or a valuable rental income opportunity.
Premium Lot Location: Ideally situated on the most desirable lot at the end of a cul-de-sac, providing enhanced privacy and reduced traffic.
Luxurious Master Suite: The master suite is a private retreat featuring breathtaking views, a luxurious ensuite bathroom with two walk-in closets, a self-flushing toilet, and a bidet, indicating high-end comfort.
Strategic Central Location: Centrally located near El Paseo's upscale shopping, world-class golf courses, and various entertainment options, offering convenience and access to desirable amenities.

Cons

Pricing Discrepancy: The current list price is 10% higher than the property's estimated value, which may lead to buyer hesitation or a longer time on the market.
Potential for Dated Finishes: While described with 'timeless elegance' from its 2005 build, the description does not highlight comprehensive recent renovations beyond specific master bath upgrades, suggesting some areas might retain original finishes that could be perceived as dated by modern buyers.
Lack of Energy Efficiency Upgrades Mentioned: The property description does not mention any energy-saving features such as solar panels or recent HVAC system upgrades, which could be a consideration for utility costs in the desert climate.

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