45432 Panorama, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
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Palm Desert, California 92260
This Mid-Century Modern Single Family Residence represents a Strong Value Opportunity, listed at $500,000—positioned well above the $474,787 Fair Market Value by -5%. Featuring a Condition Rating of 3, the property benefits from recent major system upgrades including a 2023 roof and 2025 plumbing. With R-3 Zoning and no HOA, the large 7,405 sq ft lot with a private pool offers significant versatility. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 45432 Panorama Subject | $500,000* List Price | 2 | 2 | 1,110 | $428 | - |
A 44331 San Jose Avenue Sold | $530,000 | 3 | 2 | 1,350 | $393 | 0.7 mi |
B 74345 Fairway Sold | $560,000 | 3 | 2 | 1,447 | $387 | 0.3 mi |
C 74360 Fairway Drive Sold | $586,500 | 3 | 2 | 1,508 | $389 | 0.3 mi |
D 44734 San Jose Avenue Sold | $510,000 | 3 | 2 | 1,456 | $350 | 0.6 mi |
E 74127 Velardo Drive Sold | $489,000 | 3 | 2 | 1,456 | $336 | 0.8 mi |
F 74161 Erin Street Active | $499,000 List Price | 3 | 2 | 1,288 | $387 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the home was built in 1957, it is exceptionally well-maintained with major system upgrades that are less than 5 years old, including the roof (2023), HVAC (2021), and plumbing (2025). The kitchen and bathrooms are functional and move-in ready, though the finishes (oak cabinetry and tile countertops) are dated and would eventually require cosmetic updating to meet modern luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1110.
The property features significant recent capital improvements, including a new roof (2023), updated plumbing and water heater (2025), and a newer HVAC system (2021), significantly reducing immediate maintenance concerns for a home of this vintage.
With R-3 zoning and no HOA restrictions, this property offers rare flexibility for use as a high-yield short-term vacation rental or a private oasis in a highly desirable South Palm Desert location.
At 1,110 square feet, the interior living space is relatively compact for a two-bedroom home, which may be a drawback for buyers seeking more expansive rooms or additional storage.
The property has undergone a recent price reduction and has been on the market for over 30 days, which may suggest initial overpricing or a need for further cosmetic updates to compete with newer inventory.
Welcome to your ultimate desert getaway! Beautifully situated in the heart of Palm Desert, this mid-century modern jewel blends serene privacy with unbeatable convenience. Boasting R-3 zoning and NO HOA, it offers total freedom to use as a lucrative vacation rental or your own private oasis. Inside, find a functional 2-bedroom, 2-bathroom floor plan backed by major system upgrades: roof (2023), plumbing/water heater (2025), and HVAC (2021). Step outside to a massive 7,405 sq ft backyard featuring a private pool, secure block fencing, and plenty of space to design your dream firepit lounge. Located just minutes from top-rated schools, scenic hiking trails, and the premier luxury shopping and dining of El Paseo.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,110 | 2,040 |
| Lot Size | 7,405 | 7,405 |
| Price | $500.0K | $634.5K |
| Price per sq ft | $450 | $325 |
| Built year | 1957 | 1994 |
| HOA | $0 | $398 |
| Days on market | 47 | 74 |
Jul 8, 2026
$500,000
$519,000
-4% Price Drop
Initial Listing
Jun 5, 2026
$519,000
Initial Listing
Sep 22, 2016
$284,000
Public Record
Jul 8, 2009
$194,000
Public Record