
Palm Desert, California 92260
This High-Potential Investment Opportunity is listed at a List Price of $399,000, positioned above the $371,047 Fair Market Value. While the property carries a premium, its status as a turnkey rental in the historic Shadow Mountain Resort offers immediate income potential. Featuring a Condition Rating of 3, the unit includes newer double-pane sliders and plantation shutters. With access to resort-style amenities and proximity to El Paseo, this is a stable asset for Buy-and-Hold Investors or vacation home buyers seeking a managed, income-producing desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 45750 San Luis Rey Avenue 167 Subject | $399,000* List Price | 1 | 2 | 1,000 | $381 | - |
A 45570 San Luis Rey Avenue 271 Sold | $440,000 | 2 | 2 | 1,176 | $374 | 0.0 mi |
B 45750 San Luis Rey Avenue 24 Sold | $410,000 | 1 | 2 | 1,000 | $410 | 0.1 mi |
C 73242 Don Budge Sold | $328,000 | 3 | 2 | 1,170 | $280 | 0.9 mi |
D 45632 Ocotillo Drive Sold | $480,000 | 2 | 2 | 1,230 | $390 | 0.7 mi |
E 172 Sandpiper Street Sold | $465,000 | 2 | 2 | 1,012 | $459 | 0.9 mi |
F 45711 W Verba Santa Drive Active | $439,000 List Price | 2 | 2 | 1,179 | $372 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1977, the property is well-maintained and move-in ready. Bathrooms have been updated with stone countertops and modern tiling (likely 10-15 years ago). The inclusion of newer double-pane sliders and plantation shutters, combined with its status as a turnkey rental, confirms it is functional and well-preserved rather than dated.
Situated in the historic Shadow Mountain Resort, the property is walking distance to El Paseo's world-class dining and shopping, offering a premium South Palm Desert lifestyle.
This rare ground-floor unit comes fully furnished and is currently a successful rental, providing immediate income potential and a seamless transition for investors.
The condo features newer double-pane sliders and plantation shutters, ensuring energy efficiency and a contemporary aesthetic in a highly sought-after floor plan.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1000, other record lot size in square feet = 1307. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1000, other record living area = 1176. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
At $1,733 per month, the association dues are significantly high, which may impact the overall net ROI for investors or affordability for permanent residents.
While the HOA covers basic services, full access to the resort's premier tennis, gym, and iconic figure-8 pool requires additional membership fees.
BACK ON THE MARKET. Experience resort-style living at its finest in this beautiful 1-bedroom, 2-bathroom, 1,000-square-foot condo, located in quiet South Palm Desert at the historic Shadow Mountain Resort. This floor plan is exceptionally rare and do not come to market often.Situated on the ground floor with relaxed views of the lush ''Greenbelt'' area, this condo offers a serene setting. Resort amenities abound right outside your door: cool off in the iconic, figure-8 swimming pool, or practice your game on the world-renowned tennis, Padel, and pickleball courts. Step right out your front door to enjoy the adjacent 18-hole golf course, or take a short stroll to the world-class shopping, dining, and art galleries on famed El Paseo.Beautifully decorated and completely move-in ready, the condo comes turnkey furnished including newer double pane sliders throughout with plantation shutters. This allows for an effortless transition for the next owner, whether using it personally, as a vacation home or continuing its current operations.Currently operating as a successful rental property, this condo offers immediate income potential. The seller prefers buyers interested in maintaining the ongoing rental stream for a seamless turnkey investment.Enjoy hassle-free living with comprehensive HOA dues that cover water, trash, cable and Wi-Fi services, gate security, washer & dryer on property, 3 HOA pools/spas, 1 assigned carport space and complete care of the lush grounds.Whether you are looking for a personal desert getaway, a full-time residence, or an established income-producing asset in an iconic South Palm Desert location, this rare condo is a must-see!Please contact Shadow Mountain Resort for more information about their membership programs which include the tennis, large swimming pool and gym access.
No exterior & parking available.
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,000 | 1,519.896 |
| Lot Size | 1,000 | 2,713.504 |
| Price | $399.0K | $465.1K |
| Price per sq ft | $399 | $313 |
| Built year | 1977 | 1984 |
| HOA | $1733.0 | $815 |
| Days on market | 33 | 81 |
Aug 7, 2026
$399,000
Initial Listing
Jul 22, 2019
$285,000
Public Record
Jan 31, 2011
$255,000
Public Record