46420 Ryway Place 1 & 2, Palm Desert, California 92260, Palm Desert, 92260 - 4 bed, 4 bath
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Palm Desert, California 92260
This duplex presents a High-Potential Investment Opportunity with a List Price of $998,950—positioned well above the $708,846 Fair Market Value by -40%. While the property requires significant rehabilitation due to its Condition Rating of 5, the dual-unit configuration and prime location in the Washington Charter School district offer substantial value-add potential. Featuring panoramic mountain views and a shared pool, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants capable of executing a comprehensive renovation to maximize rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 46420 Ryway Place 1 & 2 Subject | $948,950* List Price | 4 | 4 | 2,904 | $294 | - |
A 74075 Setting Sun Trail Sold | $836,400 | 4 | 3 | 2,757 | $303 | 0.6 mi |
B 72795 Somera Road Sold | $750,000 | 3 | 3 | 2,660 | $282 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1972 (54 years old) and explicitly described as needing 'TLC,' this property requires significant rehabilitation. The kitchen and bathrooms are highly dated with 1970s-era aesthetics, and the listing notes that the solar systems are either inoperable or of unknown functionality, indicating aging systems that likely need replacement.
This unique duplex configuration allows an owner-user to live in one unit while generating rental income from the other, or for an investor to maximize returns in a high-demand rental market.
Situated on a quiet cul-de-sac within the prestigious Washington Charter School district, the property offers a highly desirable residential setting with significant long-term value.
The property boasts stunning down-valley and mountain views, including city lights and desert landscapes, providing a premium aesthetic that is rare for multi-unit properties.
The entire property requires substantial 'TLC' and updates, which will necessitate a significant additional capital investment beyond the purchase price to realize its full potential.
The existing solar panels are either inoperable or of unknown functionality, potentially leading to higher utility costs or the need for costly removal and replacement.
One of a kind South Palm Desert income property | Duplex - Live in one side and rent the other-many possibilities | Both are 2 bed 2 full bath units with large 2 -car garages. | Laundry in each unit ( garage ) | Located on quiet cul-de-sac in South Palm Desert and within Washington Charter School district | Beautiful private back yard with shared pool and down valley views | Entire property is in need of TLC - priced accordingly and tons of upside | Solar system on roof unit 1 is for pool ( functionality unknown) - Solar panels on unit 2 were for the property, but are inoperable
No exterior & parking available.
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,904 | 2,040 |
| Lot Size | 9,583 | 7,405 |
| Price | $949.0K | $634.5K |
| Price per sq ft | $327 | $325 |
| Built year | 1972 | 1994 |
| HOA | $0 | $398 |
| Days on market | 41 | 74 |
Jun 30, 2026
$948,950
$998,950
-5% Price Drop
Initial Listing
Jun 11, 2026
$998,950
Initial Listing
Mar 31, 2016
$620,000
Public Record
Apr 25, 2011
$440,000
Public Record
Oct 31, 2000
$252,000
Public Record
Jan 21, 2000
$205,000
Public Record