46555 Cameo Palms Drive, La Quinta, California 92253, La Quinta, 92253 - 2 bed, 2 bath
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La Quinta, California 92253
This Value-Add Desert Residence is listed at $659,000, representing a stable market entry point aligned with its $604,856 Fair Market Value. Currently holding a Condition Rating of 4, the property features Modern Infrastructure Upgrades including new solar, an EV charger, and a newer A/C system, significantly reducing immediate capital needs. The home offers Dramatic Mountain Views and a private pool in a rare No HOA neighborhood near the 8/10 rated Gerald R. Ford Elementary School. This is a strategic acquisition for Value-Add Investors or Owner-Occupants looking to build equity through interior modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 46555 Cameo Palms Drive Subject | $659,000* List Price | 2 | 2 | 1,680 | $360 | - |
A 78430 Crestview Terrace Sold | $600,000 | 3 | 2 | 1,915 | $313 | 0.1 mi |
B 47025 Via Lorca Drive Sold | $675,000 | 3 | 3 | 2,005 | $337 | 0.4 mi |
C 45100 Coldbrook Lane Sold | $600,000 | 4 | 2 | 1,696 | $354 | 0.8 mi |
D 78310 Crestview Terrace Pending | $655,000 List Price | 3 | 2 | 1,550 | $423 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained with significant mechanical upgrades like new solar and a newer A/C, but the interior is dated and reflects its 1976 build year. The kitchen and bathrooms feature older cabinetry, tile countertops, and wallpaper borders, while the living areas have popcorn ceilings and older carpeting that require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1680.
The property features significant recent mechanical and energy improvements, including a newer A/C system, newer pool heater, new solar panels, and an EV charger, reducing immediate capital expenditure for essential systems.
Situated in a sought-after La Quinta neighborhood south of Highway 111, this home offers the rare benefit of no HOA fees, providing owners with greater flexibility and lower monthly carrying costs.
The interior requires a comprehensive aesthetic overhaul, including the removal of popcorn ceilings, floor replacement, and full modernization of the kitchen and bathrooms to reach its full market potential.
The property is being sold in its current condition, which may necessitate a more rigorous inspection process and could potentially limit certain traditional financing options for buyers.
Spacious 3 bedroom, 2 bath in prime location with no HOA. Corner lot includes a pool/spa. Private master suite with 'gigantic' walk-in closet and separate office. Property has been well maintained with new HVAC system, EV charger and solar panels. Furnishings optional.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades K-5 • 2.1 mi
Grades 6-8 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 7% |
| Baths | 2.0 | 3.0 | 26% |
| Square foot | 1,680 | 2,596.5 | 16% |
| Lot Size | 9,583 | 9,148 | 56% |
| Price | $659.0K | $969.0K | 30% |
| Price per sq ft | $392 | $400 | 48% |
| Built year | 1976 | 2002 | 3% |
| HOA | $0 | $545 | 21% |
| Days on market | 31 | 168 | 1% |
Mar 23, 2026
$659,000
Initial Listing
Apr 18, 2001
$176,000
Public Record
Oct 12, 2000
$152,000
Public Record
Jan 31, 2000
$140,000
Public Record