45830 Ocotillo Dr, Palm Desert, California 92260, Palm Desert, 92260 - 3 bed, 2 bath
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Palm Desert, California 92260
This Value-Add Condominium is listed at $625,000, reflecting a premium location asset relative to the $521,752 Fair Market Value. While holding a Condition Rating of 4 with original 1970s finishes, the property features high-value infrastructure including a Solar Power System and a New Roof. Located in the Palm Springs Unified district and walking distance to El Paseo, the home offers a Mountain View and high lifestyle appeal despite the higher monthly carrying costs. This is a strategic acquisition for Value-Add Investors or Owner-Occupants looking to modernize a well-located asset to maximize long-term ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 45830 Ocotillo Dr Subject | $625,000* List Price | 3 | 2 | 1,500 | $348 | - |
A 72765 Mesquite Court D Sold | $502,500 | 3 | 2 | 1,554 | $323 | 0.4 mi |
B 72760 Sage Court Sold | $475,000 | 3 | 2 | 1,554 | $306 | 0.3 mi |
C 423 Sandpiper Street Sold | $605,000 | 3 | 3 | 1,514 | $400 | 0.2 mi |
D 72777 El Paseo 712 Sold | $809,000 | 2 | 2 | 1,566 | $517 | 0.4 mi |
E 45817 Highway 74 Active | $459,000 List Price | 2 | 2 | 1,392 | $330 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained but significantly outdated, featuring original 1970s-style kitchen cabinetry, laminate countertops, and older appliances. While it benefits from a new roof and solar panels, the interior shows aged carpets, popcorn ceilings, and basic bathroom fixtures that require modernization to meet current market standards.
Situated within walking distance to the world-renowned El Paseo shopping and dining district, offering unparalleled access to Palm Desert's premier lifestyle and luxury amenities.
The inclusion of a solar energy system and a new roof provides significant long-term utility savings and protects the owner from costly future assessments for the next 25 years.
Proximity to major attractions like the Indian Wells Tennis Garden and the upcoming Cotino Disney community positions this property for strong long-term demand and value appreciation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1500, other record lot size in square feet = 1306.
The monthly association fee of approximately $690 is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for potential buyers.
Built in 1973, the property may feature older infrastructure or layout elements that require more frequent maintenance or modernization compared to newer desert developments.
Welcome to this beautifully located 3-bedroom, 2-bathroom condo offering approximately 1,500 sq. ft. of comfortable living space in the heart of Palm Desert. This inviting home features a spacious layout, abundant natural light, and a private 1-car garage, providing both convenience and functionality. Residents enjoy access to a community pool and spa, perfect for relaxing and enjoying the desert lifestyle year-round. The condo also features renewable clean energy with solar and a new roof, helping avoid costly future assessments for years to come. The system offers long-term protection and stability for the next 25 years, while supporting clean energy, an important advantage as solar requirements are expected to become increasingly common in California homes in the coming years. The location truly sets this property apart. Just walking distance to the world-famous El Paseo, you’ll have easy access to Palm Desert’s premier dining, shopping, and art galleries. Tennis enthusiasts will love being only 14 minutes from the Indian Wells Tennis Garden, home to the prestigious BNP Paribas Open, often called the “5th Grand Slam” of tennis. Luxury resorts including Marriott's Desert Springs Villas and Grand Hyatt Indian Wells Resort & Villas are just 12 minutes away, along with hospitals and top desert amenities. The highly anticipated Cotino, A Storyliving by Disney community, set to become a major destination in the Coachella Valley is approximately 22 minutes away. Enjoy convenient access to California State Route 111, connecting you throughout the valley, and California State Route 74, offering a scenic route to the Southern California coast and San Diego in about two hours. Entertainment and sports are close by as well, with Acrisure Arena home of the Coachella Valley Firebirds and major concerts and events just 25 minutes away. This is more than a home, it’s an opportunity to enjoy the best location, lifestyle, and energy-efficient living Palm Desert has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 62% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,500 | 1,550 | 45% |
| Lot Size | 1,500 | 2,408 | 32% |
| Price | $625.0K | $502.5K | 66% |
| Price per sq ft | $417 | $333 | 76% |
| Built year | 1973 | 1979 | 21% |
| HOA | $690.3 | $760 | 36% |
| Days on market | 36 | 166 | 1% |
Mar 17, 2026
$625,000
Initial Listing
Nov 10, 2015
$210,000
Public Record
Aug 12, 1998
$100,000
Public Record