48485 Prairie Drive, Palm Desert, California 92260, Palm Desert, 92260 - 4 bed, 3 bath
48485 Prairie Drive
Palm Desert, California 92260
Property Price
SUMMARY
Analysis of 48485 Prairie Drive, Palm Desert, California 92260 reveals a Fairly Priced Property with a current list price of $898,000 aligned with the estimated $885,219 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 48485 Prairie Drive Subject | $898,000* List Price | 4 | 3 | 2,378 | $372 | - |
A 72775 Homestead Road Sold | $750,000 | 3 | 3 | 2,076 | $361 | 0.2 mi |
B 72928 Tamarisk Street Sold | $925,000 | 4 | 3 | 2,495 | $371 | 0.8 mi |
C 48125 Anita Circle Sold | $699,000 | 2 | 3 | 2,020 | $346 | 0.2 mi |
D 48320 Beverly Drive Sold | $1,000,000 | 3 | 3 | 3,046 | $328 | 0.1 mi |
E 73117 Haystack Road Sold | $970,000 | 5 | 4 | 2,904 | $334 | 0.6 mi |
F 72795 Somera Road Active | $850,000 List Price | 3 | 3 | 2,660 | $320 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1964 mid-century modern home is move-in ready and shows evidence of significant updates and pride of ownership. The property features a modern galley kitchen with stainless steel appliances, updated bathrooms, and energy-efficient upgrades including a paid solar system and a new pool pump. While it retains its vintage architectural charm, the interior finishes, flooring, and systems appear well-maintained and functional, fitting the criteria for a high-quality, updated older home.
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 = 10019, living area = 2378.
- Versatile Casita
The property includes a fully equipped, attached casita with its own private entrance, kitchen, and living area, providing excellent potential for rental income or multi-generational living.
- Energy Efficiency
A fully paid solar panel system and a new variable-speed pool pump offer significant long-term utility cost savings and modern sustainable living.
CONSRISKS & DEFICIENCIES
- Extended Market Time
The property has undergone five consecutive price reductions since its initial listing, which may indicate previous overpricing or a longer-than-average absorption rate for the area.
- Vintage Infrastructure
Built in 1964, the home may require ongoing maintenance or updates to original systems to meet modern building standards, despite its mid-century architectural appeal.
About 48485 Prairie Drive
ACTIVE/UNDER CONTRACT. Accepting backup offers. This is a unique home close to The Living Desert Zoo and El Paseo on a spacious corner lot in the coveted Mesa View area of South Palm Desert. Enjoy mountain views, not unsightly power lines. This architecturally unique home is a Palm Desert gem for lovers of classic modern design. Inside, enjoy 2 living and dining spaces on both sides of the galley kitchen, and a screened in patio for semi-outdoor dining. This home is a perfect backdrop for stylish entertaining. The large backyard features a generous private pool (with a new variable-speed pump) and a funky cabana, complete with a 'bar', making this perfect for afternoon lounging or sunset martinis. With four bedrooms and three baths, including a flexible attached casita with its own private entrance, kitchen, living room, bedroom and bath. The layout offers ultimate versatility. Live in the main quarters and host guests or generate extra income in the casita, a valuable opportunity in Palm Desert. A PAID SOLAR PANEL SYSTEM ensures energy efficiency, cost savings, and modern comfort, blending sustainable living with mid-century authenticity. Ample parking is available with a classic circle drive. Here's your new home, designed to delight those who cherish clean lines, sunlit spaces, and the enduring glamour of the mid-century desert lifestyle.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 10,019 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,378 | 2,309 | 52% |
| Lot Size | 10,019 | 10,019 | 50% |
| Price | $898.0K | $870.5K | 51% |
| Price per sq ft | $378 | $390 | 46% |
| Built year | 1964 | 1983 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 189 | 162 | 61% |
Pricing History
Listed for Sale
Feb 12, 2026
$898,000
$923,000
-3% Price Drop
Initial Listing
Price Change
Jan 24, 2026
$923,000
$948,000
-3% Price Drop
Initial Listing
Price Change
Jan 6, 2026
$948,000
$978,000
-3% Price Drop
Initial Listing
Price Change
Nov 21, 2025
$978,000
$995,950
-2% Price Drop
Initial Listing
Price Change
Oct 8, 2025
$995,950
$1,018,500
-2% Price Drop
Initial Listing
Price Change
Aug 30, 2025
$1,018,500
Initial Listing