48819 Mescal Lane, Palm Desert, California 92260, Palm Desert, 92260 - 3 bed, 2 bath
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Palm Desert, California 92260
This Turnkey Condominium is a Strong Value Opportunity, listed at $795,000—positioned well above the $753,249 Fair Market Value by 5%. While priced at a premium, the property features a Condition Rating of 3, boasting a remodeled kitchen, new AC/furnace, and modern tile flooring. With a 7-day rental minimum and proximity to El Paseo, this asset offers significant income potential. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a secure, low-maintenance lifestyle in a premier gated community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48819 Mescal Lane Subject | $795,000* List Price | 3 | 2 | 1,700 | $443 | - |
A 48835 Mescal Lane Sold | $590,000 | 2 | 2 | 1,441 | $409 | 0.0 mi |
B 48826 Cassia Place Sold | $883,000 | 2 | 2 | 1,681 | $525 | 0.1 mi |
C 47212 Marrakesh Drive Sold | $608,500 | 2 | 2 | 1,838 | $331 | 0.8 mi |
D 48644 Wolfberry Court Sold | $925,000 | 3 | 2 | 1,621 | $571 | 0.8 mi |
E 73433 Foxtail Lane Sold | $610,000 | 3 | 3 | 1,737 | $351 | 0.4 mi |
F 73457 Irontree Drive Sold | $885,000 | 2 | 2 | 1,980 | $447 | 0.4 mi |
G 73148 Carrizo Circle Sold | $749,000 | 2 | 2 | 1,872 | $400 | 0.6 mi |
H 49069 Mariposa Drive Active | $869,000 List Price | 3 | 3 | 1,737 | $500 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1978, the property has undergone significant recent renovations including a new AC/furnace, new kitchen counters, new appliances, and new tile flooring throughout the main living areas. The interior is well-maintained and move-in ready, though some elements like the cabinetry and layout reflect an older style consistent with a high-quality 5-15 year renovation feel.
The property has been extensively updated with a remodeled kitchen, new appliances, tile flooring, and a brand-new AC/furnace system, offering a move-in-ready experience.
A rare 7-day rental minimum in a prestigious gated community makes this an ideal opportunity for short-term rental income or a flexible seasonal residence.
The HOA dues provide significant value by covering exterior maintenance, roofs, landscaping, trash, cable, internet, and 24-hour guard-gated security.
The association fee of $988 per month is a substantial recurring expense that may impact the budget of cost-conscious buyers.
Built in 1978, the property may face long-term infrastructure challenges or architectural limitations common to older condominium developments despite interior renovations.
Enjoy this bright & light setting on a lush greenbelt near pool & spa. The popular floorplan with 3-bdrms 2-baths has the 3rd bedroom set up as a den with sofa sleeper. This property has been updated and remodeled with indoor laundry room off the kitchen. Two bedrooms nicely separated by the den/bedroom and living area.Fireplace, walk-in closet and new AC/furnace.Kitchen counters and appliances are new, as is the tile flooring in kitchen, baths & living area with carpeting in bedrooms & den. Furnished per inventory. This HOA currently has 7-day rental minimum. Ironwood is a secure gated community near El Paseo & Living Desert. 2-private golf courses, tennis, fitness & dining are available by membership only. HOA dues cover roofs, exterior painting, landscaping, trash, Cable TV + internet, pools/spas, 24-hr security guard gate.
No exterior & parking available.
Grades 9-12 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,700 | 1,548 |
| Lot Size | 4,792 | 2,178 |
| Price | $795.0K | $473.9K |
| Price per sq ft | $468 | $321 |
| Built year | 1978 | 1983 |
| HOA | $988.0 | $800 |
| Days on market | 21 | 69 |
Jul 1, 2026
$795,000
Initial Listing
Apr 21, 2022
$674,000
Public Record
Nov 23, 2010
$350,000
Public Record
Apr 12, 2006
$490,000
Public Record
May 31, 2002
$293,000
Public Record
Feb 1, 1996
$205,000
Public Record