45570 San Luis Rey Avenue 271, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
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Palm Desert, California 92260
This property represents a High-Potential Investment Opportunity, listed at $459,900—positioned above the $386,314 Fair Market Value. While the price reflects a premium, the unit offers a Condition Rating of 4, providing a blank canvas for cosmetic modernization. Featuring a flexible lock-off floor plan, scenic mountain views, and proximity to El Paseo, this asset is well-suited for Buy-and-Hold Investors or seasonal owner-occupants. Despite the high HOA fees, the property’s prime location and versatile layout offer significant long-term rental potential for the savvy buyer.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 45570 San Luis Rey Avenue 271 Subject | $459,900* List Price | 2 | 2 | 1,176 | $328 | - |
A 73242 Don Budge Sold | $328,000 | 3 | 2 | 1,170 | $280 | 0.9 mi |
B 73464 Shadow Mountain Drive Sold | $390,000 | 2 | 2 | 1,392 | $280 | 0.4 mi |
C 73062 Helen Moody Lane Active | $340,000 List Price | 3 | 2 | 1,170 | $291 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, this property is nearly 50 years old and retains dated interior finishes such as mauve carpeting, mirrored closet doors, and older door styles. While the unit appears clean and functional for immediate use, it requires cosmetic updates and likely system evaluations to transition from its original 1970s/80s aesthetic to modern standards.
Situated near the prestigious El Paseo district, the property offers immediate access to world-class shopping, dining, and entertainment in the heart of Palm Desert.
The unit features serene greenbelt and mountain views, providing a tranquil desert atmosphere from the living areas and private outdoor space.
The floor plan includes a private lock-off option for the second bedroom, maximizing rental potential and providing versatility for seasonal owners.
The monthly HOA fee of $1,868 is significantly high, which may impact the overall affordability and net investment yield for potential buyers.
Built in 1977, the residence may require updates to its original systems or interior finishes to meet modern aesthetic and energy efficiency standards.
Step inside this inviting second-floor Palm Desert condo and immediately take in the peaceful greenbelt setting and beautiful mountain views. The open living and dining areas feel bright and comfortable, with easy access to the outdoor space--an ideal spot to enjoy morning coffee or unwind in the desert air.This well-planned 2-bedroom, 2-bath residence offers approximately 1,176 square feet and provides flexibility for personal use, a seasonal retreat, or rental opportunities. The second bedroom may also function as a private lock-off space, allowing owners to maintain a separate area while utilizing the remainder of the home.Located in the desirable Shadow Mountain community, residents enjoy access to landscaped grounds, tennis courts, guest parking, and nearby recreational amenities. Conveniently situated near El Paseo, shopping, dining, and everything Palm Desert has to offer, this furnished condo presents an excellent opportunity to enjoy the relaxed desert lifestyle.
No exterior & parking available.
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,176 | 1,548 |
| Lot Size | 1,307 | 2,178 |
| Price | $459.9K | $473.9K |
| Price per sq ft | $391 | $321 |
| Built year | 1977 | 1983 |
| HOA | $1868.0 | $800 |
| Days on market | 5 | 69 |
Jul 17, 2026
$459,900
Initial Listing
Feb 15, 2023
$480,000
Public Record
Apr 20, 2005
$370,000
Public Record