48885 Mariposa Drive, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
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48885 Mariposa Drive
Palm Desert, California 92260
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,164Sq Ft
2,139Lot Size
Property Price
LIST PRICE$715,000
EST. MARKET VALUE
$659,630
8% AboveMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $715,000—positioned above the $659,630 Fair Market Value. While priced at a premium, the property features a Mint Condition Rating following a high-end renovation, including a modernized kitchen and updated flooring. Located in the prestigious Ironwood Country Club with scenic mountain views and proximity to El Paseo, it offers immediate rental potential. This residence is an ideal acquisition for Buy-and-Hold Investors seeking a high-demand seasonal asset or Owner-Occupants desiring a move-in ready desert retreat.
Estimated Market Value
$659,630
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 |
|---|---|---|---|---|---|---|
★ 48885 Mariposa Drive Subject | $715,000* List Price | 2 | 2 | 1,164 | $567 | - |
A 48955 Mariposa Drive Sold | $689,000 | 2 | 2 | 1,164 | $592 | 0.1 mi |
B 73323 Boxthorn Lane Sold | $805,000 | 2 | 2 | 1,451 | $555 | 0.2 mi |
C 73420 Poinciana Place Sold | $775,000 | 2 | 2 | 1,358 | $571 | 0.3 mi |
D 48641 Palo Verde Court Sold | $718,000 | 2 | 2 | 1,278 | $562 | 0.5 mi |
E 48640 Torrito Court Sold | $735,000 | 2 | 2 | 1,441 | $510 | 0.6 mi |
F 48646 Wolfberry Court Sold | $805,000 | 2 | 2 | 1,550 | $519 | 0.6 mi |
G 73586 Dalea Active | $600,000 List Price | 2 | 2 | 1,205 | $498 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While the structure dates to 1974, the interior has undergone a comprehensive, high-end renovation within the last 5 years. The kitchen is fully modernized with stainless steel appliances and stone countertops, and the bathrooms feature contemporary vanities, updated fixtures, and modern tiling. The property is in mint, move-in ready condition with updated flooring and recessed lighting throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated within the prestigious Ironwood Country Club, the property offers exceptional proximity to the high-end El Paseo shopping district and popular hiking trails.
- Scenic Views
The residence boasts diverse and picturesque views of the mountains, desert, and hills, significantly enhancing its aesthetic appeal and market value.
- Turnkey Potential
With an open living concept, tile flooring, and immediate availability for reservations, the property is well-positioned for high-demand seasonal rental income.
CONSRISKS & DEFICIENCIES
- High Carrying Costs
The monthly association fee of $700 is relatively high for a 1,164-square-foot unit, which may impact the overall return on investment for buyers.
- Property Age
Built in 1974, the condominium may require more frequent maintenance or modern updates to compete with newer developments in the Palm Desert area.
About 48885 Mariposa Drive
This two-bedroom, two-bathroom condominium comes with approximately 1,164 square feet of living space. The open living concept features charming design elements and tile floors throughout. Both bedrooms are well-appointed with ample space. The property is located in a gated community with a nearby pool and access to seasonal country club memberships. Situated close to the El Paseo shopping district and hiking trails, this home offers convenience and leisure amenities. We are currently wide open for reservations. This is a property that will book fast. *DO NOT APPROACH WITHOUT APPOINTMENT. THANK YOU*
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- 2,139 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $700.0 / Month
Neighborhood Insights
Palm Desert Unified Schools
Palm Desert High School
Grades 9-12 • 3.1 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 | 1,164 | 1,519.896 |
| Lot Size | 2,139 | 2,713.504 |
| Price | $715.0K | $465.1K |
| Price per sq ft | $614 | $313 |
| Built year | 1974 | 1984 |
| HOA | $700.0 | $815 |
| Days on market | 16 | 81 |
Pricing History
Listed for Sale
Aug 24, 2026
$715,000
Initial Listing
Sold
May 5, 2025
$465,000
Public Record
Sold
Jun 24, 2024
$400,000
Public Record