45618 Panorama Drive, Palm Desert, California 92260, Palm Desert, 92260 - 3 bed, 3 bath
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Palm Desert, California 92260
This Single Family Residence represents a Strong Value Opportunity, listed at $540,000—positioned well below the $543,943 Fair Market Value by 0.7%. While the home maintains a Condition Rating of 4, its vintage 1953 construction and dated finishes offer significant potential for modernization. Featuring Scenic Mountain Views and a fully gated lot in South Palm Desert, this property provides a secure foundation for value-add improvements. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 45618 Panorama Drive Subject | $540,000* List Price | 3 | 3 | 1,682 | $323 | - |
A 74360 Fairway Drive Sold | $586,500 | 3 | 2 | 1,508 | $389 | 0.2 mi |
B 44841 San Jacinto Avenue Sold | $640,000 | 3 | 3 | 1,680 | $381 | 0.6 mi |
C 74345 Fairway Sold | $560,000 | 3 | 2 | 1,447 | $387 | 0.2 mi |
D 74402 Candlewood Street Sold | $498,000 | 2 | 2 | 1,274 | $391 | 0.0 mi |
E 44331 San Jose Avenue Sold | $530,000 | 3 | 2 | 1,350 | $393 | 0.8 mi |
F 46310 Burroweed Lane Sold | $650,000 | 2 | 2 | 1,896 | $343 | 1.0 mi |
G 74127 Velardo Drive Sold | $489,000 | 3 | 2 | 1,456 | $336 | 0.9 mi |
H 44734 San Jose Avenue Sold | $510,000 | 3 | 2 | 1,456 | $350 | 0.6 mi |
I 74450 Candlewood Active | $579,000 List Price | 3 | 3 | 1,695 | $342 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, the property is over 70 years old. While the listing describes it as well-maintained with tile and carpet, the lack of specific mentions regarding recent renovations to the kitchen, bathrooms, or HVAC/electrical systems suggests the home is dated and requires modernization to meet current standards.
Situated in the heart of South Palm Desert, the property offers unparalleled proximity to El Paseo's luxury shopping, fine dining, and essential community services.
The property is fully gated, providing a secure and private sanctuary that is a significant value-add for safety-conscious buyers.
The home boasts beautiful mountain views, enhancing the overall ambiance and providing a high-end aesthetic typical of premium desert real estate.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Dating back to 1953, the home may require modernization of its core systems or structural elements to align with current energy efficiency and building standards.
The presence of carpeted flooring may be perceived as a dated feature by contemporary buyers, likely necessitating a flooring upgrade to maximize market appeal.
This home features an inviting layout! The property is gated all around, providing added privacy and peace of mind. Interior finishes include a blend of tile and carpet, offering both durability and comfort throughout the living spaces.Situated in the center of South Palm Desert, this home places you close to everything--El Paseo, restaurants, banks, the post office, schools, shopping, and more. It's an ideal fit for anyone seeking a well-maintained home in a safe, friendly community with great neighbors and unbeatable convenience. Please call for a private showing!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,682 | 2,040 |
| Lot Size | 6,970 | 7,405 |
| Price | $540.0K | $634.5K |
| Price per sq ft | $321 | $325 |
| Built year | 1953 | 1994 |
| HOA | $0 | $398 |
| Days on market | 2 | 74 |
Jul 20, 2026
$540,000
Initial Listing
Oct 19, 2011
$131,000
Public Record
Apr 5, 1994
$17,000
Public Record