45780 Ocotillo Drive, Palm Desert, California 92260, Palm Desert, 92260 - 3 bed, 2 bath
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Palm Desert, California 92260
This 3-bedroom condo represents a High-Potential Investment Opportunity, listed at $468,000—positioned well above the $439,507 Fair Market Value by -6%. While the property requires modernization, its Condition Rating of 4 and prime location near the El Paseo district offer significant value-add potential. Featuring Mountain Views, a Community Pool, and a Private Patio, this asset is well-suited for Buy-and-Hold Investors or Owner-Occupants looking to renovate a spacious desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 45780 Ocotillo Drive Subject | $468,000* List Price | 3 | 2 | 1,500 | $293 | - |
A 72765 Mesquite Court D Sold | $502,500 | 3 | 2 | 1,554 | $323 | 0.4 mi |
B 72760 Mesquite Court #f Sold | $365,000 | 2 | 3 | 1,325 | $275 | 0.4 mi |
C 45817 Highway 74 Active | $399,000 List Price | 2 | 2 | 1,392 | $287 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, the property is significantly dated. While the kitchen has seen some past updates (granite tile counters and stainless stove), the cabinetry and flooring appear to be 20+ years old. The interior features dated elements like gold-trimmed mirrored closets and older sliding doors, indicating a need for cosmetic and system updates to meet modern standards.
The property is situated within walking distance of the world-renowned El Paseo district, offering immediate access to luxury shopping, fine dining, and art galleries.
With 3 bedrooms and 1,500 square feet of living space, this condo offers a generous footprint that is larger than many comparable units in the area, making it suitable for families or guests.
The unit features desirable mountain views and a park-like community setting, providing a picturesque backdrop for enjoying desert sunsets from the private patio.
The monthly HOA fee of $690 is a significant recurring expense that may impact the overall affordability and appeal for some investors or buyers.
Built in 1973, the property may require updates to its systems or interior finishes to meet modern luxury standards and improve energy efficiency.
Bachelor Pad with 3 bedrooms. !!! Perfect get a- way for golfing weekends or vacations. Large enough to accommodate a family and close enough to walk to the world renowned El Paseo ..the deserts Rodeo Drive. Luxury location to enjoy fine dining, fashionable shopping with all the top designers, fine art studios and of course walking to shop for groceries. Who could ask for more? Just park your car in your one car garage and walk everywhere. Bask in the sunshine of your expansive community park like setting with pool and spa. Enjoy and evening coattails on your lovely patio while you barbeque your dinner and enjoy spectacular sunsets with a glass or two of your favorite beverage.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 61% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,500 | 1,550 | 44% |
| Lot Size | 1,307 | 2,613 | 31% |
| Price | $468.0K | $499.0K | 42% |
| Price per sq ft | $312 | $334 | 37% |
| Built year | 1973 | 1979 | 20% |
| HOA | $690.0 | $764 | 32% |
| Days on market | 13 | 160 | 1% |
Jun 1, 2026
$468,000
Initial Listing
Jan 9, 2018
$310,000
Public Record
May 24, 2007
$340,000
Public Record
May 31, 2005
$269,000
Public Record