
Palm Desert, California 92260
This Turnkey Condominium is a Strong Value Opportunity, listed at $385,000—positioned well below the $402,933 Fair Market Value by 4%. This valuation gap offers $17,933 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a modern updated kitchen and private patio with pool and spa access. Located in the Desert Sands Unified district, this property is an ideal choice for Owner-Occupants or first-time buyers seeking a move-in-ready desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48944 Desert Flower Subject | $385,000* List Price | 3 | 2 | 1,348 | $299 | - |
A 48652 Desert Flower Drive Sold | $350,000 | 3 | 3 | 1,348 | $260 | 0.1 mi |
B 72580 Moonridge Lane Sold | $468,000 | 3 | 2 | 1,548 | $302 | 0.3 mi |
C 48980 Wildwood Lane Sold | $419,500 | 2 | 2 | 1,184 | $354 | 0.2 mi |
D 48275 Racquet Lane Sold | $489,000 | 3 | 2 | 1,823 | $268 | 0.6 mi |
E 72317 Merry Vale Way Sold | $417,000 | 2 | 2 | 1,320 | $316 | 0.1 mi |
F 48953 Canyon Crest Lane Active | $430,000 List Price | 2 | 2 | 1,184 | $363 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the property was built in 1973, it has undergone significant updates including a modern kitchen and a well-appointed bathroom. The interior is move-in ready with clean tile and plush carpet, suggesting a renovation within the 5-15 year range, meeting the criteria for well-maintained and functional condition.
As a PUD that welcomes FHA and VA financing, this property offers rare accessibility for buyers using government-backed loans, which is often a significant hurdle in the desert condo market.
Situated just two miles from the luxury shopping and dining of El Paseo and adjacent to scenic hiking trails, the location offers a perfect balance of urban convenience and outdoor recreation.
The home is move-in ready with a modern updated kitchen and includes the refrigerator, washer, and dryer, providing a seamless transition for new owners or seasonal residents.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1411, other record lot size in square feet = 1306.
With all bedrooms located on the second floor, the layout may be a drawback for buyers seeking single-level living or those with long-term mobility considerations.
Originally built in 1973, the property may require more frequent maintenance of original infrastructure and systems compared to newer developments in the area.
Discover a hidden gem in the heart of South Palm Desert! Enjoy the unmatched tranquility of this serene neighborhood with this charming condo—a rare PUD that warmly welcomes FHA and VA financing. Revel in the vibrant, light-filled ambiance of an updated kitchen featuring a sleek modern design, a clean and well-appointed bath, and a generous primary bedroom complete with soaring ceilings and plush carpet. Completely move-in-ready, this home includes the refrigerator, washer, and dryer to ensure a seamless transition into your inviting desert abode. This condo offers the perfect fusion of indoor and outdoor living. Step from the chic dining room onto your private outdoor sanctuary, or unwind on the patio adjacent to the living room set amidst the peaceful backdrop of pool and spa tranquility. Envision a lock-and-leave lifestyle with outdoor leisure at your fingertips—four sparkling pools, two relaxing spas, and three tennis courts await your enjoyment, all within the wonderfully maintained Mountainback Community. Location is everything; nestled just off Highway 74, this home sits right by the majestic mountains featuring scenic hiking trails for the outdoor enthusiast. Low HOA fees unlock access to a remodeled clubhouse, further enhancing this idyllic retreat located just two miles from the celebrated El Paseo. You are perfectly positioned near everyday grocery stores, vibrant restaurants, the Palm Desert Mall, and just minutes from the iconic Living Desert Zoo. Whether seeking a primary residence or a pied-à-terre in the desert, your dream lifestyle is calling. Experience the utmost convenience and comfort in a coveted location, where leisure and relaxation harmonize to create the ultimate Palm Desert living experience. Welcome home to Mountainback—your oasis awaits. This property is also available for rent. Explore the 3D Tour online. 2-story home, all bedrooms upstairs. See Floorplan.
No exterior & parking available.
Grades 9-12 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,348 | 1,519.896 |
| Lot Size | 1,411 | 2,713.504 |
| Price | $385.0K | $465.1K |
| Price per sq ft | $286 | $313 |
| Built year | 1973 | 1984 |
| HOA | $449.0 | $815 |
| Days on market | 24 | 81 |
Aug 16, 2026
$385,000
Initial Listing
Feb 25, 2022
$359,000
Public Record
Jul 9, 2018
$187,000
Public Record
Aug 11, 2000
$73,000
Public Record