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
$678,847
5% AboveMARKET VALUE
SUMMARY
This Turnkey Condominium is a High-Potential Investment Opportunity, listed at $715,000—positioned above the $678,848 Fair Market Value. While priced slightly above market, the property features a Condition Rating of 2, reflecting a comprehensive, high-end renovation with modern finishes. Located in the prestigious Ironwood Country Club, it offers panoramic mountain views and access to elite lifestyle amenities. This residence is a prime asset for Buy-and-Hold Investors seeking immediate rental demand or Owner-Occupants desiring a move-in ready desert sanctuary.
Estimated Market Value
$678,847
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 2 bd · 2 ba · 1,164 sqft · $583 | $715,000* List Price | 2 | 2 | 1,164 | $583 | - |
A 73323 Boxthorn Lane Sold 2 bd · 2 ba · 1,451 sqft · $555 · 0.2 mi | $805,000 | 2 | 2 | 1,451 | $555 | 0.2 mi |
B 48955 Mariposa Drive Sold 2 bd · 2 ba · 1,164 sqft · $592 · 0.1 mi | $689,000 | 2 | 2 | 1,164 | $592 | 0.1 mi |
C 73420 Poinciana Place Sold 2 bd · 2 ba · 1,358 sqft · $571 · 0.3 mi | $775,000 | 2 | 2 | 1,358 | $571 | 0.3 mi |
D 48640 Torrito Court Sold 2 bd · 2 ba · 1,441 sqft · $510 · 0.6 mi | $735,000 | 2 | 2 | 1,441 | $510 | 0.6 mi |
E 48646 Wolfberry Court Sold 2 bd · 2 ba · 1,550 sqft · $519 · 0.6 mi | $805,000 | 2 | 2 | 1,550 | $519 | 0.6 mi |
F 73477 Dalea Lane Active 2 bd · 2 ba · 1,271 sqft · $440 · 0.1 mi | $559,000 List Price | 2 | 2 | 1,271 | $440 | 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.
Although built in 1974, the property has undergone a comprehensive, high-end renovation within the last 5 years. The kitchen and bathrooms are fully updated with modern cabinetry, stone countertops, and stainless steel appliances. The interior features mint-condition tile flooring, recessed lighting, and updated systems, making it completely move-in ready with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Lifestyle
Situated in the prestigious Ironwood Country Club, this property offers gated security and immediate proximity to the luxury El Paseo shopping district and popular hiking trails.
- Exceptional Scenic Views
The residence boasts diverse and picturesque views of the mountains, desert hills, and lush greenery, providing a high-value aesthetic experience characteristic of South Palm Desert.
- Strong Investment Potential
Positioned as a turnkey opportunity with an open-concept layout and access to seasonal club memberships, the property is well-suited for high-demand short-term or seasonal rentals.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The $700 monthly association fee represents a significant recurring expense that may impact the overall affordability and net ROI for potential investors.
- Aging Infrastructure
Built in 1974, the property may require more frequent maintenance or updates to its original systems and structural elements compared to newer developments in the 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 | 1,495.459 |
| Lot Size | 2,139 | 2,698.484 |
| Price | $715.0K | $456.9K |
| Price per sq ft | $614 | $309 |
| Built year | 1974 | 1984 |
| HOA | $700.0 | $813 |
| Days on market | 62 | 88 |
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