48230 Painted Canyon Rd, Palm Desert, California 92260, Palm Desert, 92260 - 1 bed, 1 bath
48230 Painted Canyon Rd
Palm Desert, California 92260
Property Price
SUMMARY
Analysis of 48230 Painted Canyon Rd, Palm Desert, California 92260 reveals a Fairly Priced Property with a current list price of $1,000,000 aligned with the estimated $1,000,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Palm Desert Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48230 Painted Canyon Rd Subject | $1,000,000* List Price | 1 | 1 | 600 | $1,667 | - |
A 71475 Jaguar Way Active | $1,099,000 List Price | 1 | 1 | 786 | $1,398 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1958, this 600-square-foot cottage is well-maintained and habitable but features dated finishes and basic appliances. While the kitchen and bathroom are functional, they lack modern upgrades. The property appears to be kept up through regular maintenance, though its age and size suggest it may eventually serve as a guest house or be replaced by a larger estate given the high land value.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 217800, living area = 600.
- Expansive Acreage and Privacy
The property features 5 scenic acres in the exclusive Cahuilla Hills community, offering ultimate seclusion and a tranquil desert setting that is rare for the area.
- Prime South Palm Desert Location
Perfectly positioned just minutes from El Paseo's luxury shopping and dining, as well as prestigious clubs like Bighorn and The Reserve, blending rural privacy with high-end convenience.
CONSRISKS & DEFICIENCIES
- Limited Living Space
The existing structure is only 600 square feet, which may be too small for most buyers and likely positions the property as a teardown or a secondary guest house for a future build.
- High Price per Square Foot
With a $1 million list price for a 1-bedroom home built in 1958, the value is almost entirely in the land, which may require a specific buyer looking for a development opportunity.
About 48230 Painted Canyon Rd
This charming 600 SF 1-bedroom, 1-bathroom home sits on 5 scenic acres in the desirable Cahuilla Hills community just south of Palm Desert. Offering ultimate privacy and a tranquil desert setting, it is the perfect retreat. Located just minutes from El Paseo's luxury shopping and dining, as well as prestigious communities like Bighorn Golf Club and The Reserve Club, this home blends seclusion with convenience. *Brochure can be downloadable in the ''Document'' tab.* Appointment only. Please call Claire Harvey at (760) 636-3501 to set up an appointment.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 217,800 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Desert Unified Schools
Palm Desert High School
Grades 9-12 • 4.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 2% |
| Baths | 1.0 | 3.0 | 2% |
| Square foot | 600 | 2,252 | 1% |
| Lot Size | 217,800 | 10,019 | 99% |
| Price | $1.00M | $870.5K | 59% |
| Price per sq ft | $1.7K | $390 | 99% |
| Built year | 1958 | 1983 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 393 | 162 | 96% |
Pricing History
Listed for Sale
Feb 7, 2025
$1,000,000
Initial Listing