
Palm Desert, California 92260
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $1,895,000—positioned well below the $1,975,548 Fair Market Value by 4%. This valuation gap offers $80,548 in Instant Equity. Featuring a Mint Condition Rating, the residence boasts a remodeled chef's kitchen, glass-enclosed wine room, and a resort-style pool with rock waterfalls. Located near Palm Desert High School, this property offers a sophisticated lifestyle for discerning homeowners or luxury buyers seeking a turnkey desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48500 Opal Drive Subject 3 bd · 3 ba · 3,145 sqft · $628 | $1,895,000* List Price | 3 | 3 | 3,145 | $628 | - |
A 73097 Galleria Court Sold 3 bd · 3 ba · 2,550 sqft · $608 · 0.4 mi | $1,550,000 | 3 | 3 | 2,550 | $608 | 0.4 mi |
B 72691 Homestead Road Sold 4 bd · 4 ba · 2,550 sqft · $549 · 0.2 mi | $1,400,000 | 4 | 4 | 2,550 | $549 | 0.2 mi |
C 72920 Homestead Road Sold 4 bd · 4 ba · 3,079 sqft · $633 · 0.3 mi | $1,950,000 | 4 | 4 | 3,079 | $633 | 0.3 mi |
D 72970 Deer Grass Drive Sold 5 bd · 5 ba · 3,190 sqft · $618 · 0.6 mi | $1,970,000 | 5 | 5 | 3,190 | $618 | 0.6 mi |
E 48365 Alan Circle Sold 4 bd · 5 ba · 3,594 sqft · $577 · 0.1 mi | $2,075,000 | 4 | 5 | 3,594 | $577 | 0.1 mi |
F 73286 Goldflower Street Sold 4 bd · 3 ba · 3,040 sqft · $678 · 0.9 mi | $2,060,000 | 4 | 3 | 3,040 | $678 | 0.9 mi |
G 73575 Agave Lane Active 3 bd · 3 ba · 2,695 sqft · $649 · 0.8 mi | $1,750,000 List Price | 3 | 3 | 2,695 | $649 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive high-end renovation within the last 5 years, featuring a modern designer kitchen and fully remodeled bathrooms. All major systems have been recently updated, including HVAC and water heater (2020), pool equipment (2021-2022), and solar installation (2023), meeting the criteria for mint condition with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16988, living area = 3145.
The property features significant recent capital improvements, including solar panels installed in 2023, HVAC systems and water heater replaced in 2020, and updated pool equipment, offering peace of mind and energy savings.
Set on an oversized 0.4-acre lot, the backyard serves as a private oasis with a rock-waterfall pool, spa, outdoor fireplace, and stunning mountain views, perfect for high-end entertaining.
At 3,145 square feet, the home only offers three bedrooms, which may be a drawback for larger families or buyers seeking a higher bedroom-to-square-footage ratio for guest or office use.
The current list price of $1.895M represents a substantial increase from the 2021 sale price of $1.26M, which may lead to buyer scrutiny regarding the property's valuation in the current market.
Welcome to your own private desert resort in The Summit, one of South Palm Desert's most desirable communities. Set on an oversized lot of nearly 0.4 acres, this beautifully reimagined single-level residence offers approximately 3,145 square feet with 3 bedrooms, 3 bathrooms and an attached 3-car garage.Vaulted ceilings, exposed wood beams, skylights and abundant natural light create an impressive sense of openness throughout. Multiple living and entertaining spaces include a dramatic formal living room with a floor-to-ceiling stone fireplace, an expansive family room with a contemporary linear fireplace, and a spacious formal dining area. Hand-scraped wood flooring carries a rich, cohesive look throughout the home.The remodeled kitchen combines striking contemporary design with everyday functionality, featuring sleek two-tone cabinetry, quartz countertops, a professional-style gas range, an oversized island with generous seating and abundant storage. A glass-enclosed wine room adds an unexpected and sophisticated focal point.The spacious primary suite is complemented by a beautifully remodeled bath with dual vanities, a freestanding soaking tub and an oversized glass-enclosed shower. Two additional bedrooms and updated guest baths provide comfortable accommodations for family and guests.Multiple sets of French doors create a seamless connection to the extraordinary backyard. Surrounded by mature palms and lush landscaping, the private grounds feature a resort-style pool with dramatic rock waterfalls, a raised spa, expansive lawn and numerous areas for relaxing and entertaining. A substantial covered patio offers outdoor living and dining spaces, an outdoor fireplace, ceiling fans and a wood-beamed pergola with cafA(c) lighting. Mountain views and thoughtfully designed landscape lighting transform the setting after sunset.Notable improvements include solar installed in 2023, HVAC systems and water heater replaced in 2020, a new pool and spa heater and wireless ScreenLogic controller added in 2021, and a variable-speed pool pump installed in 2022. The HOA includes Spectrum cable and internet. Fee-simple land completes this exceptional offering, capturing the very best of the Palm Desert lifestyle--spacious, private and designed for effortless indoor-outdoor living.
No exterior & parking available.
Grades 9-12 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.9 |
| Square foot | 3,145 | 2,058.132 |
| Lot Size | 16,988 | 7,541.284 |
| Price | $1.90M | $629.6K |
| Price per sq ft | $603 | $309 |
| Built year | 1988 | 1997 |
| HOA | $126.0 | $398 |
| Days on market | 24 | 79 |
Oct 1, 2026
$1,895,000
Initial Listing
Apr 23, 2021
$1,260,000
Public Record
Apr 22, 2020
$425,000
Public Record
Sep 15, 2000
$492,000
Public Record
Oct 18, 1996
$330,000
Public Record