45720 Club Circle Drive 285, Palm Desert, California 92260, Palm Desert, 92260 - 3 bed, 3 bath
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Palm Desert, California 92260
This High-Potential Investment Opportunity is a 3-bedroom condominium listed at $620,000, positioned slightly above the $591,341 Fair Market Value. While not a discount buy, the property offers exceptional utility through its STR-friendly lock-off configuration and Good Condition Rating. Located in the historic Shadow Mountain Resort, residents benefit from world-class tennis facilities and proximity to El Paseo shopping. This asset is ideal for Buy-and-Hold Investors seeking short-term rental income or Owner-Occupants desiring a flexible, resort-style desert retreat.
STR-friendly 3BR condo in Palm Desert's Shadow Mountain Resort. Features lock-off suite, mountain views, and resort amenities near El Paseo. Ideal investment property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 45720 Club Circle Drive 285 Subject | $620,000* List Price | 3 | 3 | 1,449 | $408 | - |
A 73879 Club Circle Drive 150 Sold | $705,000 | 3 | 3 | 1,449 | $487 | 0.1 mi |
B 73721 Club Circle 412 Sold | $749,000 | 3 | 2 | 1,831 | $409 | 0.1 mi |
C 73721 Club Circle Drive 413 Sold | $776,000 | 3 | 2 | 1,831 | $424 | 0.1 mi |
D 73188 Bill Tilden Lane Active | $499,000 List Price | 3 | 2 | 1,119 | $446 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1978 but features a recently updated kitchen and new bedroom carpeting. The interior is well-maintained, move-in ready, and shows modern paint and lighting fixtures, placing it in the 5-15 year renovation window for a 'Good' rating despite the building's age.
The unique 'lock-off' suite configuration and lack of minimum stay requirements allow for maximum short-term rental flexibility, enabling owners to rent the unit as two separate entities.
Situated just steps from the world-famous El Paseo Shopping District, the property offers unparalleled access to luxury dining, high-end boutiques, and premier art galleries.
Located within an internationally recognized tennis resort, residents have access to 14 tennis courts, pickleball, padel, and multiple pools, creating a high-demand lifestyle destination.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1449, other record lot size in square feet = 2178.
Built in 1978, the property and its common areas may require more intensive maintenance or face potential future capital assessments compared to newer desert developments.
With 73 days on the market and two consecutive price reductions from the original $649,000, the property is currently struggling to find momentum in the current interest rate environment.
Located in the heart of South Palm Desert, this rare 3-bedroom condo at the iconic Shadow Mountain Resort offers the ultimate blend of resort-style living, short-term rental flexibility & prime investment opportunity just steps from world-famous El Paseo Shopping District dining, shopping, art galleries & entertainment. Situated within one of Palm Desert's most sought-after tennis communities, this STR-friendly property has no minimum rental stay requirement, making it ideal for vacation rental income, seasonal living, or a full-time desert retreat.This unique floor plan features 3 bedrooms, including a private 'lock-off' suite exclusive to the 3-bedroom configuration, allowing owners the flexibility to rent the condo as two separate units, maximize Airbnb/VRBO income potential, or enjoy one side while hosting guests or tenants in the other. Inside, the bright open-concept layout showcases an updated kitchen, new bedroom carpeting & expansive windows that frame breathtaking mountain views & overlook the vibrant tennis courts below.Residents enjoy HOA-covered cable TV and high-speed internet along with access to multiple resort pools and spas. Optional resort membership unlocks premium amenities including 14 tennis courts, 7 pickleball courts, a Padel court, fitness center, massage services, poolside BBQ area, grass volleyball, basketball courts, on-site cafe and bar, tennis pro shop, and access to the adjacent public golf course.Established in 1946, Shadow Mountain Resort is internationally recognized as one of the Top 75 Tennis Resorts in the World, offering a rare opportunity to own a piece of Palm Desert history in an unbeatable location near hiking, golf, luxury shopping, and Coachella Valley attractions. Whether you're searching for a Palm Desert vacation home, investment property, Airbnb-friendly condo, or luxury tennis resort lifestyle, this exceptional residence delivers it all.
No exterior & parking available.
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 61% |
| Baths | 3.0 | 2.0 | 73% |
| Square foot | 1,449 | 1,548 | 41% |
| Lot Size | 1,449 | 2,613 | 32% |
| Price | $620.0K | $500.0K | 65% |
| Price per sq ft | $428 | $335 | 76% |
| Built year | 1978 | 1979 | 35% |
| HOA | $575.0 | $764 | 21% |
| Days on market | 86 | 157 | 14% |
May 25, 2026
$620,000
$635,000
-2% Price Drop
Initial Listing
Apr 17, 2026
$635,000
$649,000
-2% Price Drop
Initial Listing
Mar 13, 2026
$649,000
Initial Listing
May 21, 2019
$280,000
Public Record