
Palm Desert, California 92260
This Turnkey Condominium represents a Prime Investment Opportunity, listed at $499,000—positioned well below the $513,431 Fair Market Value by 2%. This valuation gap provides $14,431 in Instant Equity. Featuring a Mint Condition Rating with a brand-new HVAC and high-end kitchen renovations, this residence offers a resort-style lifestyle with panoramic mountain views and access to elite tennis and pickleball facilities. It is an ideal sanctuary for seasonal residents or lifestyle-focused buyers seeking a move-in-ready desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48435 Alamo Drive Subject 3 bd · 2 ba · 1,637 sqft · $314 | $499,000* List Price | 3 | 2 | 1,637 | $314 | - |
A 72975 Grass Court Sold 3 bd · 2 ba · 1,637 sqft · $305 · 0.0 mi | $499,000 | 3 | 2 | 1,637 | $305 | 0.0 mi |
B 48980 Wildwood Lane Sold 2 bd · 2 ba · 1,184 sqft · $354 · 0.5 mi | $419,500 | 2 | 2 | 1,184 | $354 | 0.5 mi |
C 73851 Ocotillo Court Sold 2 bd · 2 ba · 1,141 sqft · $365 · 0.9 mi | $416,000 | 2 | 2 | 1,141 | $365 | 0.9 mi |
D 48833 Owl Lane Sold 2 bd · 2 ba · 1,271 sqft · $350 · 0.5 mi | $445,000 | 2 | 2 | 1,271 | $350 | 0.5 mi |
E 48652 Desert Flower Drive Sold 3 bd · 3 ba · 1,348 sqft · $260 · 0.6 mi | $350,000 | 3 | 3 | 1,348 | $260 | 0.6 mi |
F 73433 Foxtail Lane Sold 3 bd · 3 ba · 1,737 sqft · $351 · 0.6 mi | $610,000 | 3 | 3 | 1,737 | $351 | 0.6 mi |
G 73447 Foxtail Lane Sold 2 bd · 3 ba · 1,525 sqft · $338 · 0.5 mi | $515,000 | 2 | 3 | 1,525 | $338 | 0.5 mi |
H 72506 Desert Flower Drive Active 2 bd · 2 ba · 1,527 sqft · $294 · 0.5 mi | $449,000 List Price | 2 | 2 | 1,527 | $294 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1973, the property has undergone a comprehensive high-end renovation within the last 5 years. It features a modern kitchen with premium stainless steel appliances and quartz waterfall countertops, a brand-new HVAC system, and updated interior finishes throughout, placing it in mint, move-in-ready condition.
The community offers an exceptional array of facilities including eight lighted tennis courts, pickleball, a 55-foot heated lap pool, and a renovated clubhouse, providing a premier active lifestyle.
The property features a brand-new HVAC system and a renovated kitchen with an open floor plan, offering immediate move-in readiness and improved energy efficiency.
Located just minutes from the luxury boutiques and dining of El Paseo, the residence combines everyday convenience with stunning mountain and greenbelt views.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2303, other record lot size in square feet = 2178.
The monthly HOA fee of $1,108 is substantial and may impact the overall affordability and debt-to-income ratio for potential buyers.
Built in 1973, the building's age may necessitate ongoing attention to aging infrastructure or common area maintenance despite the modern interior updates.
Enjoy the best of South Palm Desert living at Palm Desert Tennis Club, an intimate community of just 100 condos set across 20 beautifully landscaped acres, minutes from El Paseo. This inviting 3-bedroom, 2-bath residence offers approximately 1,637 square feet of living space, a brand-new HVAC system, and an updated open floor plan filled with natural light. The renovated kitchen connects seamlessly with the dining and living areas, creating a comfortable setting for everyday living and entertaining. A spacious primary suite with an en-suite bath provides a relaxing retreat, while two additional bedrooms offer room for guests, a home office, or both. Two private patios extend the living space outdoors--perfect for morning coffee, dining under the stars, and enjoying the desert's beautiful weather. Beyond your door, lush lawns, mature citrus trees, and five garden areas, each surrounding a pool and spa, create a peaceful neighborhood setting. The club's amenities include eight lighted tennis courts, four lined pickleball courts, bocce, an indoor squash court, a 55-foot heated lap pool, and a 24-hour fitness center. The renovated clubhouse brings neighbors together with indoor and outdoor gathering spaces, a bar and kitchen, library, conference room, billiards, and table tennis. Organized matches, professional instruction, and a lively calendar of dinners, live music, and social events make it easy to get involved. With El Paseo's boutiques, galleries, and restaurants, The Living Desert, and scenic hiking trails just minutes away, this home pairs everyday convenience with an exceptional desert lifestyle. An ideal full-time residence or seasonal escape in a sought-after South Palm Desert setting. Discover more about this exceptional community and its amenities at www.palmdeserttennisclub.com.
No exterior & parking available.
Grades 9-12 • 3.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,637 | 1,495.459 |
| Lot Size | 2,303 | 2,698.484 |
| Price | $499.0K | $456.9K |
| Price per sq ft | $305 | $309 |
| Built year | 1973 | 1984 |
| HOA | $1108.0 | $813 |
| Days on market | 39 | 88 |
Sep 16, 2026
$499,000
Initial Listing
Dec 18, 2023
$462,000
Public Record
Dec 2, 2019
$268,000
Public Record
Apr 5, 2011
$280,000
Public Record
Feb 11, 1999
$23,000
Public Record