40649 Inverness Way, Palm Desert, California 92211, Palm Desert, 92211 - 2 bed, 2 bath
ACTIVE$395,000$1,294/sqft
40649 Inverness Way, Palm Desert, California 92211
2Beds
2Baths
1,294Sqft
2,428Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Resort-Style Amenities: Located within the vibrant Palm Desert Resort and Country Club, residents enjoy access to 18 championship golf holes, pickleball, tennis, bocce, and an active clubhouse, offering a rich recreational lifestyle.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2428, other record lot size in square feet = 2613.
Compared to the nearby listings
Price:$395.0K vs avg $467.5K ($-72,500)28%
Size:1,294 sqft vs avg 1,562.5 sqft21%
Price/sqft:$305 vs avg $31347%
More Insights
Built in 1981 (45 years old).
Condition: The property, built in 1981, has undergone significant renovations and upgrades as described, including an updated kitchen with custom cabinetry, granite countertops, and newer stainless steel appliances (except for the refrigerator), updated tile flooring throughout, and newer windows and doors. The bathrooms feature tall vanities and updated fixtures. While the renovations are extensive and make the home move-in ready, the style of some elements, particularly the kitchen cabinetry and bathroom vanities, suggests the updates were likely completed within the last 5-15 years rather than being brand new or extensively renovated within the last 5 years to meet the 'Excellent' criteria. The overall condition is well-maintained with functional systems.
Year Built
1981
Close
-
List price
$395K
Original List price
$395K
Price/Sqft
$305
HOA
$845
Days on market
-
Sold On
-
MLS number
219141195DA
Home ConditionGood
Features
Excellent View: Park/Greenbelt
Patio
ViewPark/Greenbelt
About this home
Discover a fantastic custom Vintage, 2 bed, 2 bath unit that has been beautifully renovated and upgraded, featuring a den and garage for added functionality. The open kitchen is a highlight, boasting a large center island and custom cabinetry ideal for entertaining. With tall vanities in the bathrooms, an extended patio for outdoor enjoyment, and newer windows and doors that enhance energy efficiency, this home has it all. A tankless hot water heater ensures convenience, and reverse osmosis! While the freshly painted bedrooms and updated tile flooring add a modern touch. Located in the vibrant Palm Desert Resort and Country Club, residents enjoy access to 18 championship holes of golf, plus facilities for pickleball, tennis, and bocce. The active clubhouse offers a variety of activities, and short-term rentals are permitted, making it a perfect blend of luxury living and recreational options, ideal for both relaxation and an active lifestyle.
P
Peggy Mason
Listing Agent
Nearby schools
6/10
Ronald Reagan Elementary School
Public,•K-5•0.5mi
8/10
Gerald R. Ford Elementary School
Public,•K-5•1.9mi
5/10
Colonel Mitchell Paige Middle School
Public,•6-8•1.8mi
7/10
Palm Desert High School
Public,•9-12•2.6mi
Price History
Date
Event
Price
10/13/00
Sold
$131,000
Condition Rating
Good
The property, built in 1981, has undergone significant renovations and upgrades as described, including an updated kitchen with custom cabinetry, granite countertops, and newer stainless steel appliances (except for the refrigerator), updated tile flooring throughout, and newer windows and doors. The bathrooms feature tall vanities and updated fixtures. While the renovations are extensive and make the home move-in ready, the style of some elements, particularly the kitchen cabinetry and bathroom vanities, suggests the updates were likely completed within the last 5-15 years rather than being brand new or extensively renovated within the last 5 years to meet the 'Excellent' criteria. The overall condition is well-maintained with functional systems.
Pros & Cons
Pros
Resort-Style Amenities: Located within the vibrant Palm Desert Resort and Country Club, residents enjoy access to 18 championship golf holes, pickleball, tennis, bocce, and an active clubhouse, offering a rich recreational lifestyle.
Extensive Modern Renovations: The unit has been beautifully renovated and upgraded, featuring an open kitchen with a large center island and custom cabinetry, newer windows and doors for energy efficiency, a tankless hot water heater, and reverse osmosis.
Income-Generating Potential: The property permits short-term rentals, presenting a significant opportunity for investors or seasonal residents to generate income.
Enhanced Functionality & Outdoor Living: Includes a den and a garage for added functionality and storage, complemented by an extended patio perfect for outdoor enjoyment.
Desirable Community & View: Situated in a well-regarded resort community with a pleasant Park/Greenbelt view, enhancing its appeal and living experience.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2428, other record lot size in square feet = 2613.
Substantial Monthly Association Fees: The $845.0 monthly association fee is notably high, adding a significant recurring cost to ownership that could impact affordability and cash flow.
Building Age: Built in 1981, the property's underlying structure is over 40 years old. While renovated, this age may still imply potential for older infrastructure issues or higher long-term maintenance considerations for common elements.
Condominium Ownership Limitations: As a condominium, buyers may experience limitations on exterior modifications, potential for shared wall noise, and reliance on HOA management decisions, which might not suit all preferences.