48230 Painted Canyon Rd, Palm Desert, California 92260, Palm Desert, 92260 - 1 bed, 1 bath
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Palm Desert, California 92260
This Expansive Desert Estate Asset represents a strategic land-banking opportunity with a List Price of $1,000,000, aligning perfectly with its $1,000,000 Fair Market Value. While the existing structure holds a Condition Rating of 4, the primary value is the 5-acre parcel offering Panoramic Mountain Views in the exclusive Cahuilla Hills community. Located near Palm Desert High School and the luxury amenities of El Paseo, the site provides a massive footprint for a high-end, value-add rebuild. This is a premier acquisition for Luxury Developers or Custom Home Builders.
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.
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.
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.
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.
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.
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.
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.
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.
No exterior & parking available.
Grades 9-12 • 4.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 2% |
| Baths | 1.0 | 3.0 | 2% |
| Square foot | 600 | 2,279 | 1% |
| Lot Size | 217,800 | 10,019 | 99% |
| Price | $1.00M | $920.5K | 55% |
| Price per sq ft | $1.7K | $412 | 99% |
| Built year | 1958 | 1979 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 440 | 182 | 98% |
Feb 7, 2025
$1,000,000
Initial Listing