414 S Sierra Madre, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
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414 S Sierra Madre
Palm Desert, California 92260
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
2Baths
1,656Sq Ft
2,366Lot Size
Property Price
LIST PRICE$500,000
EST. MARKET VALUE
$476,279
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $520,000—positioned above the $493,843 Fair Market Value by 5%. While the property requires modernization, its Fair Condition Rating and prime location on a double-wide fairway offer significant upside for forced appreciation. Featuring an enclosed atrium and expansive golf course views, this residence is a versatile asset. It is an ideal acquisition for Value-Add Investors or Owner-Occupants looking to customize a desert retreat within a resort-style community.
Estimated Market Value
$476,279
Based on Realkey algorithm analyzing recent comparable sales in Palm Desert.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 414 S Sierra Madre Subject | $500,000* List Price | 2 | 2 | 1,656 | $288 | - |
A 329 S Sierra Madre S Sold | $350,000 | 2 | 2 | 1,584 | $221 | 0.1 mi |
B 79 Camino Arroyo N Sold | $405,000 | 2 | 2 | 1,533 | $264 | 0.2 mi |
C 314 S Sierra Madre S Sold | $425,000 | 2 | 2 | 1,656 | $257 | 0.2 mi |
D 278 Tolosa Circle Sold | $425,000 | 2 | 2 | 1,347 | $316 | 0.5 mi |
E 244 Serena Drive Sold | $369,000 | 2 | 2 | 1,422 | $259 | 0.6 mi |
F 115 Conejo Circle Sold | $500,000 | 3 | 2 | 1,731 | $289 | 0.5 mi |
G 357 San Remo Street Sold | $450,000 | 2 | 2 | 1,347 | $334 | 0.2 mi |
H 43 Maximo Way Sold | $525,000 | 2 | 2 | 1,533 | $342 | 0.2 mi |
I 69 Camino Arroyo N Active | $465,000 List Price | 2 | 2 | 1,533 | $303 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1979, the property features partial updates like kitchen cabinetry that appear to be 15-25 years old. While functional and move-in ready, the interior is dated with older black appliances and 90s-style tile flooring. The listing explicitly mentions the potential for renovation to maximize value, aligning with the 'Fair' criteria for properties needing modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Golf Course Location
Situated on a premium double-wide fairway, the property offers expansive golf course and mountain views, providing a quintessential desert resort experience.
- Enhanced Living Space
The 1,656 sqft floor plan features vaulted ceilings and a versatile enclosed atrium converted into a private office, maximizing functional square footage and natural light.
- Extensive Community Amenities
Located near the clubhouse, residents have immediate access to 27 holes of golf, tennis, pickleball, and a fitness center within the prestigious Monterey Country Club.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2366, other record lot size in square feet = 1570.
- High Monthly Carrying Costs
The $800 monthly association fee is a significant recurring expense that may impact the overall affordability for some buyers.
- Modernization Requirements
Built in 1979 and marketed as a renovation opportunity, the property likely requires additional capital investment to update its interior to modern luxury standards.
About 414 S Sierra Madre
Ideally situated on a premium double-wide fairway in Monterey Country Club, 414 S. Sierra Madre offers an exceptional combination of location, lifestyle, and potential. This 2-bedroom plus den residence, featuring an enclosed atrium currently serving as a private office, is filled with natural light and highlighted by soaring vaulted ceilings. A large sliding glass door seamlessly connects the living space to an expansive patio overlooking the golf course, creating the perfect setting for indoor-outdoor desert living.The inviting living room is centered around a custom fireplace, while updated kitchen cabinetry, an expanded laundry room, and a two-car garage with additional storage provide comfort and everyday convenience. Just moments from the clubhouse, the home offers easy access to Monterey Country Club's outstanding amenities.Beyond its current charm, this property presents a compelling opportunity for both investors and end users, whether you're looking to renovate and maximize value or customize your own desert retreat. Ideal as a seasonal 'lock-and-leave' home, this residence offers the perfect canvas to create a personalized winter getaway.Residents enjoy a true resort lifestyle with a recently updated clubhouse, fitness center, 27 holes of Ted Robinson-designed golf, tennis and pickle-ball courts, bocce ball, and an impressive collection of pools and spas, all set within one of Palm Desert's most sought-after communities.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- 2,366 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $800.0 / Month
Neighborhood Insights
Palm Desert Unified Schools
James Earl Carter Elementary School
Grades K-5 • 0.3 mi
8/10
Abraham Lincoln Elementary School
Grades K-5 • 1.0 mi
6/10
Palm Desert High School
Grades 9-12 • 1.5 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,656 | 1,519.896 |
| Lot Size | 2,366 | 2,713.504 |
| Price | $500.0K | $465.1K |
| Price per sq ft | $302 | $313 |
| Built year | 1979 | 1984 |
| HOA | $800.0 | $815 |
| Days on market | 37 | 81 |
Pricing History
Listed for Sale
Aug 12, 2026
$500,000
$520,000
-4% Price Drop
Initial Listing
Price Change
Aug 3, 2026
$520,000
Initial Listing
Sold
May 25, 2005
$385,000
Public Record