40528 Meadow Lane, Palm Desert, California 92211, Palm Desert, 92211 - 3 bed, 3 bath
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Palm Desert, California 92211
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $599,000—positioned above the $540,557 Fair Market Value by 10%. While priced at a premium, the property offers significant upside through its No HOA Restrictions and a large 7,841 sqft lot. With a Condition Rating of 4, the home is functional but requires modernization to reach its full potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to renovate in a premier South Palm Desert location.
Property is moderate renovation needed.
Built in 1986 (38 years old), the home is well-maintained but reflects its original era. The kitchen contains dated tile countertops and older cabinetry, and the bathrooms appear to have original finishes. While the property is functional and move-in ready, the systems and interior surfaces exceed the 20-year threshold and require modern updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1852.
The absence of a Homeowners Association offers significant monthly cost savings and greater freedom for property usage and modifications compared to many neighboring desert communities.
Situated in a highly desirable pocket just minutes from the El Paseo Shopping District, the property provides elite access to world-class dining, high-end retail, and popular hiking trails.
Built in 1986, the property may require capital investments for modernizing systems or cosmetic updates to meet the contemporary aesthetic standards of today's luxury desert buyers.
The requirement for buyers to independently verify rental eligibility suggests potential regulatory hurdles or strict city zoning that could limit the property's potential as an investment income source.
Tucked into one of South Palm Desert's most desirable neighborhoods, this beautifully maintained desert retreat offers the freedom of NO HOA, an unbeatable location, and the authentic lifestyle buyers are searching for. Just minutes from world-class shopping, dining, hiking, and entertainment near El Paseo Shopping District, this home blends privacy, comfort, and convenience in one of Palm Desert's most established residential pockets.Featuring approximately 1,852 square feet with 3 bedrooms and 3 bathrooms, the home offers spacious living areas, vaulted ceilings, abundant natural light, and a functional floor plan ideal for full-time living, seasonal enjoyment, or a desert getaway. Private outdoor spaces create the perfect setting for morning coffee, evening entertaining, or simply enjoying the mountain surroundings.Rarely do homes in this location with no HOA restrictions come available. Experience the best of South Palm Desert living just moments from everything that makes the desert lifestyle so desirable.Buyer to independently verify short-term rental eligibility, zoning, and city permitting requirements with the City of Palm Desert.
No exterior & parking available.
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 | 1,852 | 2,013 | 38% |
| Lot Size | 7,841 | 6,534 | 67% |
| Price | $599.0K | $583.0K | 52% |
| Price per sq ft | $323 | $308 | 61% |
| Built year | 1986 | 1999 | 13% |
| HOA | $0 | $398 | 8% |
| Days on market | 29 | 160 | 1% |
May 16, 2026
$599,000
Initial Listing