45817 Highway 74, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
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Palm Desert, California 92260
This Value-Add Desert Condominium is currently listed at $459,000, following a substantial price reduction to align closer with the $429,566 Fair Market Value. Featuring a Condition Rating of 4, the asset retains original 1973 elements, offering a clear path for forced appreciation through modernization. The property provides high utility with up-close mountain views, a private garage, and a location within walking distance to El Paseo. Located within the Desert Sands Unified district, this is a strategic acquisition for Value-Add Investors or Seasonal Residents seeking a high-demand desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 45817 Highway 74 Subject | $399,000* List Price | 2 | 2 | 1,392 | $287 | - |
A 72765 Mesquite Court D Sold | $502,500 | 3 | 2 | 1,554 | $323 | 0.3 mi |
B 73464 Shadow Mountain Drive Sold | $390,000 | 2 | 2 | 1,392 | $280 | 0.5 mi |
C 72760 Sage Court Sold | $475,000 | 3 | 2 | 1,554 | $306 | 0.2 mi |
D 72760 Mesquite Court #f Active | $395,000 List Price | 2 | 3 | 1,325 | $298 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, this property is well-maintained and move-in ready, but it retains many dated stylistic elements. The interior features older carpeting, standard ceramic tile, and mirrored closet doors typical of its original era. While the home is clean and functional with a desirable open floor plan, there is no evidence of a recent comprehensive renovation to the kitchen or bathrooms, placing it in the 'fair' category based on age and lack of modern updates.
Situated in the highly desirable South Palm Desert area, this property is within walking distance to the world-class shopping and dining of El Paseo.
The condo offers exceptional up-close mountain views and overlooks lush greenbelts and the community pool from multiple vantage points.
With a significant price reduction from the original $550,000 to $459,000, the property presents a strong investment opportunity in a sought-after community.
Built in 1973, the unit may require modern updates or renovations to compete with newer luxury developments in the area.
Located directly on Highway 74, the property may experience more ambient road noise than units situated deeper within residential neighborhoods.
The history of multiple price drops since the initial listing suggests the property has faced challenges in attracting buyers at previous price points.
Fabulous South Palm Desert Location -- Rarely on the Market! Walking Distance to El Paseo! Discover this beautiful condo in the peaceful Montecito Condos community, just moments from the world-class shopping, dining, and entertainment of El Paseo. This stylish 2-bedroom, 2-bath home offers an open floor plan with a spacious living area overlooking lush greenbelts, up-close mountain views, and a sparkling pool and spa. Enjoy the convenience of a single-car garage plus a private storage room. The low HOA fee of just $525/month covers exterior maintenance, two pools and spas, water, and trash. Multiple outdoor seating areas invite you to embrace the desert lifestyle--relax on the private front patio or unwind on the rear patio with views of the manicured grounds, shimmering pool, and majestic mountains. Don't miss this exceptional opportunity to own a year-round residence or desert retreat in the heart of Palm Desert!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,392 | 1,548 | 37% |
| Lot Size | - | 2,408 | 17% |
| Price | $399.0K | $502.5K | 22% |
| Price per sq ft | $287 | $335 | 21% |
| Built year | 1973 | 1979 | 20% |
| HOA | $525.0 | $760 | 14% |
| Days on market | 160 | 163 | 48% |
Apr 22, 2026
$399,000
$459,000
-13% Price Drop
Initial Listing
Feb 13, 2026
$459,000
$474,900
-3% Price Drop
Initial Listing
Feb 5, 2026
$474,900
$489,900
-3% Price Drop
Initial Listing
Jan 22, 2026
$489,900
$550,000
-11% Price Drop
Initial Listing
Nov 14, 2025
$550,000
Initial Listing