RealKey
‪(213) 433-7766‬

70138 Sullivan Road, 29 Palms, California 92277, 29 Palms, 92277 - 4 bed, 2 bath

70138 Sullivan Road, 29 Palms, California 92277 home-pic-0
ACTIVE$800,000
70138 Sullivan Road, 29 Palms, California 92277
4Beds
2Baths
2,825Sqft
217,800Lot

Price Vs. Estimate

The estimated value ($800,000) is $0 (0%) lower than the list price ($800,000). This property may be overpriced.

Key pros and cons

Top Pros:
Proven Income Potential & Turn-key Operation: The property boasts a strong track record as a highly rated and consistently booked Short-Term Rental (STR) with excellent management, offering a turn-key investment opportunity fully furnished and ready for immediate income generation.
Top Cons:
Lack of Central Air Conditioning: Located in a desert climate, the description highlights a woodstove for heating but makes no mention of a central air conditioning system, which is crucial for comfort during hot months and could be a deterrent for some guests or buyers.

Compared to the nearby listings

Price:$800.0K vs avg $279.9K (+$520,100)99%
Size:2,825 sqft vs avg 1,256.5 sqft99%
Price/sqft:$283 vs avg $22483%

More Insights

Built in 1985 (40 years old).
Condition: Built in 1985, this property is 40 years old. While it is presented as 'turn-key' with 'upscale, eclectic decor' and includes modern amenities like solar panels and a new hot tub, the core structure and some interior finishes show their age. The kitchen features distressed cabinets, tile flooring, and concrete-like countertops, which, while functional, are not a modern style and appear to be refreshed older components. Similarly, the bathrooms have a mix of updated elements (vessel sinks, concrete counters) alongside older-style tiles and fixtures in some areas. Crucially, the property lacks central air conditioning, a significant drawback for a desert climate, indicating that major systems are not fully updated to current standards. It is well-maintained and livable but requires minor updates to bring it to a more contemporary standard and address the lack of central AC.
Year Built
1985
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$283
HOA
-
Days on market
-
Sold On
-
MLS number
HD25135339
Home ConditionFair
Features
Excellent View: City Lights, Desert
Pool
Spa
Patio
ViewCity Lights,Desert

About this home

It's no secret why this property is highly rated & always booked! With EXECELLENT management at a favorable 12% rate and a prime location in a community of upscale homes *BEL AIR OF 29 PALMS!* Enjoy modern amenities such as a solar-heated pool, NEW hot tub, and a woodstove that efficiently heats the entire house. Whether you're looking for your next STR or paradise to call home, come take a look, you won't be disappointed! The ultimate blend of seclusion and convenience with this meticulously curated 2,825 sqft desert retreat sitting on 2.5 acres. Enhanced by a permitted garage conversion to a spacious family room, this home offers a versatile den that can easily transform into a 5th bedroom, optimizing its appeal as a (STR) with a 12-person occupancy. Enjoy effortless ownership with this turn-key property, sparing you the high costs and challenges of renovations. The property has CONSISTENT weekend bookings ALL YEAR reflecting its popularity. Just minutes from grocery stores and a short walk to Joshua Tree National Park, the home offers 360-degree sunrise and sunset views, a vibe of serene isolation, and efficient solar panels to REDUCE the high cost of electricity. SOLD FULLY FURNISHED! The upscale, eclectic decor, curated with unique antiques and high-end consignment finds, sets this home apart. This property is a RARE GEM, ready to welcome its new owner with MINIMAL effort and MAXIMUM enjoyment.

Condition Rating
Fair
Built in 1985, this property is 40 years old. While it is presented as 'turn-key' with 'upscale, eclectic decor' and includes modern amenities like solar panels and a new hot tub, the core structure and some interior finishes show their age. The kitchen features distressed cabinets, tile flooring, and concrete-like countertops, which, while functional, are not a modern style and appear to be refreshed older components. Similarly, the bathrooms have a mix of updated elements (vessel sinks, concrete counters) alongside older-style tiles and fixtures in some areas. Crucially, the property lacks central air conditioning, a significant drawback for a desert climate, indicating that major systems are not fully updated to current standards. It is well-maintained and livable but requires minor updates to bring it to a more contemporary standard and address the lack of central AC.
Pros & Cons

Pros

Proven Income Potential & Turn-key Operation: The property boasts a strong track record as a highly rated and consistently booked Short-Term Rental (STR) with excellent management, offering a turn-key investment opportunity fully furnished and ready for immediate income generation.
Prime Location & Scenic Views: Situated in an upscale community, minutes from grocery stores and a short walk to Joshua Tree National Park, the property offers 360-degree sunrise and sunset views, providing both seclusion and convenience.
Modern Amenities & Energy Efficiency: Features include a solar-heated pool, a new hot tub, and efficient solar panels that significantly reduce electricity costs, enhancing guest experience and operational savings.
Spacious & Versatile Layout: With 2,825 sqft on 2.5 acres, the home includes a permitted garage conversion to a family room and a den convertible to a 5th bedroom, optimizing its capacity for up to 12 guests, ideal for STR use.
Unique & Upscale Furnishings: The property is sold fully furnished with upscale, eclectic decor curated with unique antiques and high-end consignment finds, setting it apart and contributing to its 'rare gem' appeal.

Cons

Lack of Central Air Conditioning: Located in a desert climate, the description highlights a woodstove for heating but makes no mention of a central air conditioning system, which is crucial for comfort during hot months and could be a deterrent for some guests or buyers.
Age of Property: Built in 1985, the property is nearly 40 years old. While decor is updated and it's 'turn-key' for furnishings, major systems (plumbing, electrical, roof, HVAC if present) may be original or nearing the end of their useful life, potentially incurring significant future maintenance or replacement costs.
Reliance on STR Market: The property's high valuation and described success are heavily reliant on its performance as a Short-Term Rental. This niche market carries inherent risks such as changes in local regulations, increased competition, or shifts in tourism trends, which could impact future income and resale value.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state