66566 5th Street, Desert Hot Springs, California 92240, Desert Hot Springs, 92240 - 3 bed, 2 bath
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Desert Hot Springs, California 92240
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $385,000—positioned well below the $395,402 Fair Market Value by 2%. This valuation gap offers $10,402 in Instant Equity for the buyer. Featuring an open-concept floor plan, updated finishes, and a Condition Rating of 3, the home is move-in ready. With distant mountain views and a landscaped backyard, it balances lifestyle appeal with financial stability, making it an ideal acquisition for first-time buyers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 66566 5th Street Subject | $385,000* List Price | 3 | 2 | 1,839 | $215 | - |
A 9420 Vista Del Valle Sold | $450,000 | 4 | 2 | 1,658 | $271 | 0.9 mi |
B 9700 Santa Cruz Road Sold | $350,000 | 3 | 2 | 1,634 | $214 | 0.9 mi |
C 66365 Cactus Drive Sold | $355,000 | 3 | 2 | 1,580 | $225 | 0.6 mi |
D 66251 3rd Street Sold | $428,000 | 4 | 2 | 1,653 | $259 | 0.4 mi |
E 11844 Verbena Sold | $350,000 | 4 | 2 | 1,718 | $204 | 0.5 mi |
F 66241 3rd Sold | $410,000 | 4 | 2 | 1,653 | $248 | 0.4 mi |
G 66278 3rd Street Active Under Contract | $399,000 List Price | 4 | 2 | 1,650 | $242 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, this 20-year-old home is well-maintained and features recent cosmetic updates. The bathroom has been modernized with a new vanity, quartz countertop, and LED mirror, while the living area features an updated stacked-stone fireplace. The presence of solar panels and a clean tile roof indicates well-kept systems, making it move-in ready.
The property features a spacious 1,839 sqft open-concept floor plan with updated finishes and abundant natural light, catering perfectly to modern lifestyle preferences.
A beautifully landscaped backyard provides a ready-to-use space for relaxation and entertaining, adding immediate value without the need for additional landscaping investment.
Priced at $385,000 for a post-2000 build with over 1,800 sqft, this home offers a highly competitive price-per-square-foot ratio within the Southern California market.
The 6,534 sqft lot is relatively modest for the area, which may limit buyers looking for expansive desert acreage or significant outdoor expansions.
Located in Desert Hot Springs, the property may be subject to different appreciation trajectories and economic perceptions compared to higher-priced neighboring Coachella Valley cities.
Beautifully updated 3-bedroom, 2-bath home featuring a spacious open-concept floor plan, abundant natural light, and comfortable living spaces designed for both everyday living and entertaining. Pride of ownership is evident throughout, with numerous recent improvements including updated kitchen cabinetry and countertops, fresh exterior paint, modern bathroom mirrors and faucets, energy-efficient windows, and a newer heating system. The home also includes a leased solar system, providing added energy efficiency and potential utility savings.Step outside to a beautifully landscaped backyard that offers the perfect setting for relaxing, hosting gatherings, or enjoying the desert lifestyle. The oversized driveway provides ample parking space and adds to the home's convenience and functionality.Ideally located near schools, shopping, dining, parks, and everyday services, this property offers easy access to Palm Drive and Interstate 10. Enjoy being just a short drive from the vibrant attractions of Palm Springs, including world-class dining, entertainment, golf courses, resorts, and Palm Springs International Airport. Nearby natural hot mineral spas, hiking trails, and recreational opportunities further enhance the appeal of this desirable Desert Hot Springs location.A wonderful opportunity to own a home that combines modern updates, generous living space, and an excellent location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,839 | 1,672 | 71% |
| Lot Size | 6,534 | 7,841 | 19% |
| Price | $385.0K | $395.0K | 45% |
| Price per sq ft | $209 | $245 | 23% |
| Built year | 2004 | 2004 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 170 | 1% |
Jun 2, 2026
$385,000
Initial Listing
Jan 17, 2017
$190,000
Public Record
Dec 22, 2008
$65,000
Public Record
May 18, 2006
$306,000
Public Record
Mar 24, 2005
$50,000
Public Record