45451 Lupine Lane 29, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 3 bath
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Palm Desert, California 92260
This property presents a High-Potential Investment Opportunity with a List Price of $400,000—positioned well below the $375,380 Fair Market Value by -6%. While the property is currently priced above market, its Short-Term Rental Capability and prime location near El Paseo offer significant revenue potential. Featuring a Fair Condition Rating (1973 build), the unit requires cosmetic updates to maximize returns. With Mountain and Tree Views and community amenities, this is a versatile asset ideal for Buy-and-Hold Investors or seasonal owner-occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 45451 Lupine Lane 29 Subject | $400,000* List Price | 2 | 3 | 1,250 | $300 | - |
A 72760 Mesquite Court #f Sold | $365,000 | 2 | 3 | 1,325 | $275 | 0.8 mi |
B 73242 Don Budge Sold | $328,000 | 3 | 2 | 1,170 | $280 | 0.8 mi |
C 73464 Shadow Mountain Drive Sold | $390,000 | 2 | 2 | 1,392 | $280 | 0.1 mi |
D 72730 Sage Court Sold | $375,000 | 2 | 2 | 1,325 | $283 | 0.7 mi |
E 73195 Tumbleweed Lane Sold | $505,000 | 2 | 3 | 1,254 | $403 | 0.2 mi |
F 46181 California 74 17 Sold | $280,000 | 2 | 2 | 1,104 | $254 | 0.7 mi |
G 45570 San Luis Rey Avenue 271 Active | $459,900 List Price | 2 | 2 | 1,176 | $391 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, this 51-year-old property appears to be in mostly original condition. While clean and functional, the interior features dated elements such as popcorn ceilings, basic white cabinetry, and older fiberglass tub surrounds. It requires significant cosmetic updates and likely system inspections due to its age to meet modern standards.
The property is situated in a highly desirable area within walking distance to the upscale boutiques and fine dining of El Paseo, offering a premium lifestyle and high land value.
Unlike many neighboring communities with strict leasing restrictions, this complex allows short-term rentals, making it a versatile asset for investors or seasonal owners looking to offset costs.
As a two-story end unit, the home provides additional privacy and increased natural light compared to interior units, further enhanced by scenic mountain and tree views.
With 92 days on the market and two consecutive price reductions, the property is experiencing a lack of momentum that may suggest a need for further price adjustments or interior updates.
Built in 1973, the property may require significant capital expenditure for modernizing systems or aesthetic finishes to compete with newer or fully renovated units in the area.
Enter to an open and light two story condo end unit in Sandroc 1. Located in a very popular area in South Palm Desert. Just a short distance to the very intriguing shops and dining on El Paseo. It offers charm and convenience.The life of a desert resort style is offered with a sparkling community pool and well maintained tennis courts. Located within easy driving distance to the Indian Wells Tennis Gardens and the Empire Polo Club--home to the world renowned Coachella Valley Music and Arts Festivals and Stagecoach Festival. Perfect location to enjoy all that the desert has to offer! If you are searching for a full-time home, a seasonal get-away, or an investment opportunity, this home is for you! **Short term rentals are allowed.**
No exterior & parking available.
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,250 | 1,548 |
| Lot Size | 500 | 2,178 |
| Price | $400.0K | $473.9K |
| Price per sq ft | $320 | $321 |
| Built year | 1973 | 1983 |
| HOA | $465.0 | $800 |
| Days on market | 95 | 69 |
May 6, 2026
$400,000
$415,000
-4% Price Drop
Initial Listing
Apr 29, 2026
$415,000
$425,000
-2% Price Drop
Initial Listing
Apr 18, 2026
$425,000
Initial Listing
Dec 24, 2008
$195,000
Public Record