
Palm Desert, California 92211
This Turnkey Short-Term Rental Asset is listed at $484,000, representing a stable entry point for an active income-generating property in the Desert Falls Country Club. Boasting a Condition Rating of 3, the interior features Stone Countertops, a rare Two-Car Attached Garage, and private Greenbelt Views. While the $389,200 Fair Market Value reflects baseline trends, the property’s rare Short-Term Rental Permit and proximity to James Earl Carter Elementary (Rating 8) and Palm Desert High provide significant investment leverage. This is a premier choice for Vacation Rental Investors or Seasonal Residents seeking immediate resort-style cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 696 Vista Lago Circle Subject | $464,000* List Price | 2 | 2 | 1,330 | $305 | - |
A 480 Evergreen Ash Sold | $344,000 | 2 | 2 | 1,330 | $259 | 0.5 mi |
B 292 Desert Falls Drive E Sold | $342,000 | 2 | 2 | 1,330 | $257 | 0.5 mi |
C 177 Firestone Sold | $325,000 | 2 | 2 | 1,330 | $244 | 0.3 mi |
D 549 Desert Falls Drive E Sold | $345,000 | 2 | 2 | 1,330 | $259 | 0.5 mi |
E 450 Desert Falls Drive N Sold | $412,000 | 2 | 2 | 1,330 | $310 | 0.5 mi |
F 786 Montana Vista Drive Sold | $340,000 | 2 | 2 | 1,360 | $250 | 0.2 mi |
G 790 Montana Vista Drive Active | $434,995 List Price | 2 | 2 | 1,330 | $327 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1990, the property has undergone a significant refresh within the 5-15 year range. The kitchen and bathrooms feature updated stone countertops, modern fixtures, and recessed lighting. The interior is move-in ready with low-maintenance vinyl flooring and appears well-maintained for its current use as a short-term rental.
Located in one of the few gated golf communities in the Coachella Valley that permits short-term rentals, this property is an active, turnkey investment capable of generating immediate income.
The monthly HOA dues provide exceptional value by covering cable TV, high-speed internet, and water, while granting access to over 20 pools, fitness facilities, and tennis/pickleball courts.
The condo boasts high-end finishes including stone countertops, custom shutters, and low-maintenance vinyl flooring, paired with the rare convenience of a two-car attached garage.
As an upper-level unit, the property requires navigating stairs, which may be a deterrent for buyers with mobility concerns or those specifically seeking ground-floor access.
With 1,000 units within the Desert Falls Country Club, the high density of the development may result in less privacy and more communal traffic compared to smaller, more exclusive enclaves.
Welcome to your next investment or personal retreat in the heart of Palm Desert's coveted Desert Falls Country Club a rare, gated golf community that is one of the few in the Coachella Valley still permitting short-term rentals. This bright, move-in ready upper-level condo is already an active short-term rental, meaning the right buyer can start generating income from day one - no ramp-up, no waiting. Inside, you'll find an open, light-filled floorplan featuring custom shutters, soaring ceilings, and low maintenance vinyl flooring throughout. The kitchen impresses with stone countertops, recessed lighting, and a cozy breakfast nook, while both bathrooms have been elegantly refreshed with matching stone counters and modern fixtures. A wet bar and fireplace in the living room make entertaining effortless, and the private balcony overlooks a lush, expansive greenbelt. The two-car attached garage adds convenience rarely found at this price point, and the in-unit laundry with washer and dryer included seals the deal. Your HOA dues cover more than you'd expect: cable TV, high-speed internet, and water are all included, keeping operating costs predictable and attractive for short-term rental guests who expect everything at their fingertips. Resort-style amenities abound: over 20 pools and spas, tennis and pickleball courts, a fitness facility, golf course access, and a full country clubhouse. With 1,000 units in the community, there's always something happening yet this interior location keeps things peaceful. Ideally situated mid-valley, you're walking distance to Cal State San Bernardino's Palm Desert campus and UC Riverside, and just minutes from premier dining, shopping, and entertainment. Own the lifestyle. Generate the income. Start on day one.
No exterior & parking available.
Grades K-5 • 1.7 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,330 | 1,576 | 30% |
| Lot Size | - | 2,613 | 22% |
| Price | $464.0K | $470.0K | 48% |
| Price per sq ft | $349 | $318 | 69% |
| Built year | 1990 | 1987 | 76% |
| HOA | $586.0 | $849 | 14% |
| Days on market | 54 | 164 | 2% |
May 30, 2026
$464,000
$484,000
-4% Price Drop
Initial Listing
Apr 23, 2026
$484,000
Initial Listing
Sep 8, 2022
$487,000
Public Record
Aug 28, 2003
$163,500
Public Record