48665 Moon Terrace Lane, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
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48665 Moon Terrace Lane
Palm Desert, California 92260
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,184Sq Ft
2,178Lot Size
Property Price
LIST PRICE$510,000
EST. MARKET VALUE
$457,767
11% AboveMARKET VALUE
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $510,000—positioned well above the $457,767 Fair Market Value by 11%. While priced above current estimates, the property maintains a Condition Rating of 3, featuring a modernized chef's kitchen and granite countertops. Residents enjoy a resort-style lifestyle with pools, spas, and tennis courts near the Bighorn Golf Club. With its move-in ready status and proximity to El Paseo, this home is an ideal acquisition for secondary homeowners or lifestyle-focused buyers seeking a premium desert retreat.
Estimated Market Value
$457,767
Based on Realkey algorithm analyzing recent comparable sales in Palm Desert.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48665 Moon Terrace Lane Subject 2 bd · 2 ba · 1,184 sqft · $387 | $510,000* List Price | 2 | 2 | 1,184 | $387 | - |
A 48747 Sageflower Lane Sold 2 bd · 2 ba · 1,184 sqft · $312 · 0.1 mi | $369,000 | 2 | 2 | 1,184 | $312 | 0.1 mi |
B 48980 Wildwood Lane Sold 2 bd · 2 ba · 1,184 sqft · $354 · 0.1 mi | $419,500 | 2 | 2 | 1,184 | $354 | 0.1 mi |
C 48852 Owl Lane Sold 2 bd · 2 ba · 1,202 sqft · $387 · 0.9 mi | $465,000 | 2 | 2 | 1,202 | $387 | 0.9 mi |
D 72732 Tony Trabert Lane Sold 3 bd · 2 ba · 1,170 sqft · $376 · 0.8 mi | $440,000 | 3 | 2 | 1,170 | $376 | 0.8 mi |
E 48840 Desert Flower Pending 2 bd · 2 ba · 1,118 sqft · $335 · 0.2 mi | $375,000 List Price | 2 | 2 | 1,118 | $335 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1974, the property has undergone a comprehensive renovation likely within the last 5-15 years. The kitchen and bathrooms are modernized with granite countertops, stainless steel appliances, and shaker-style cabinetry. The interior features updated flooring, recessed lighting, and crown molding, making it fully functional and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Prime South Palm Desert Location
Situated just below the prestigious Bighorn Golf Club and only two miles from El Paseo's luxury shopping and dining, this property offers an ideal balance of desert tranquility and urban convenience.
- Turn-Key Furnished Condition
The condo is offered fully furnished and move-in ready with a chef's kitchen, providing an effortless transition for buyers seeking a secondary residence or an immediate rental opportunity.
- Extensive Community Amenities
Located in the Indian Hills community, residents benefit from resort-style features including multiple pools, spas, tennis, and pickleball courts, alongside direct access to premier hiking and biking trails.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $642 per month is relatively high for a two-bedroom unit, which may impact the overall monthly carrying costs and affordability for budget-conscious buyers.
- Limited View Profile
Despite the scenic mountain backdrop, the property is classified as having only a 'Peek-A-Boo' view, which may be a drawback for buyers prioritizing unobstructed panoramic desert vistas.
About 48665 Moon Terrace Lane
Charming South Palm Desert Condo is NOW on the market! Discover your dream home in the heart of Palm Desert, located just below the prestigious Bighorn Golf Club. This beautifully maintained condo is move-in ready - just bring your suitcase! It is nestled in the charming community of Indian Hills and offers the perfect blend of tranquility and convenience. Surrounded by mature trees and lush greenery, residents enjoy resort-style amenities, including pools, spas, tennis, and pickle-ball courts. Love the outdoors? Hiking, biking, and nature trails are right outside your door. Prefer city life? Upscale shopping and fine dining on El Paseo are just two miles away. Catch a show at the McCallum Theatre or take a scenic drive to Idyllwild--this location has it all! This beautifully appointed condo is offered turn-key furnished. Inside, you'll find: 2 bedrooms, 2 bathrooms - thoughtfully designed for comfort and style: Chef's kitchen - opens to the lovely great-room and perfect for entertaining: Outdoor Living at Its Best: surrounded by breathtaking desert scenery. Fire up the grill, unwind with your beverage of choice and soak in the stunning mountain backdrop. Indian Hills is a hidden gem--don't miss this opportunity! Schedule your visit today.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- 2,178 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $642.0 / Month
Neighborhood Insights
Palm Desert Unified Schools
Palm Desert High School
Grades 9-12 • 3.6 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,184 | 1,495.459 |
| Lot Size | 2,178 | 2,698.484 |
| Price | $510.0K | $456.9K |
| Price per sq ft | $431 | $309 |
| Built year | 1974 | 1984 |
| HOA | $642.0 | $813 |
| Days on market | 24 | 88 |
Pricing History
Listed for Sale
Oct 1, 2026
$510,000
Initial Listing
Sold
Aug 29, 2012
$235,000
Public Record
Sold
Jan 28, 2011
$150,000
Public Record