71410 Cholla Way, Palm Desert, California 92260, Palm Desert, 92260 - 3 bed, 5 bath
71410 Cholla Way
Palm Desert, California 92260
Property Price
SUMMARY
Analysis of 71410 Cholla Way, Palm Desert, California 92260 reveals a Prime Investment Opportunity with a current list price of $2,800,000—significantly undercutting the $2,916,801 Fair Market Value by 4%. This valuation gap indicates a +$116,801 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Palm Desert Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 71410 Cholla Way Subject | $2,800,000* List Price | 3 | 5 | 3,589 | $813 | - |
A 71730 Jaguar Way Active | $3,250,000 List Price | 4 | 4 | 3,552 | $915 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1991, the property has received several important functional updates including newer A/C units, new ducts, new roofing over verandas, new carpet in some areas, new interior paint, and a new electric water heater. These updates contribute to the home's overall maintenance and functionality. However, the kitchen and bathrooms, while functional, are significantly dated in style, materials (e.g., white tile countertops, wood cabinets, older white appliances, gold-toned fixtures, and carpet in the primary bathroom), and features, reflecting its original 1990s construction. While major systems are functional, the aesthetic of key areas shows signs of being outdated, requiring substantial renovation to meet current market expectations and modern design standards. This aligns with the 'Fair' category, indicating an aged but maintained home that requires significant aesthetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 3589.
- Exclusive Location & Privacy
Situated on a sprawling one-acre corner lot in the prestigious Cahuilla Hills, offering unparalleled privacy and a highly desirable address.
- Panoramic Mountain & Valley Views
Boasts breathtaking, sweeping views of the mountains and valley from multiple vantage points, including private balconies and a renovated wrap-around deck.
CONSRISKS & DEFICIENCIES
- Absence of Existing Pool/Spa
Despite the large lot and desert location, the property currently lacks a pool and spa, which is a common expectation for luxury homes in this market and would require substantial additional investment.
- Potential for Dated Interior Elements
While recent updates are noted, the 1991 build year suggests some areas, particularly the kitchen and secondary bathrooms, may not have been fully modernized to contemporary luxury standards.
- High Maintenance Potential for Large Lot
A one-acre lot, even with desert landscaping and an irrigation system, can still demand significant resources for water and upkeep, potentially leading to higher ongoing maintenance costs.
About 71410 Cholla Way
Rare Opportunity in Prestigious Cahuilla Hills! Nestled in one of the desert’s most exclusive enclaves, this impressive estate sits proudly on a sprawling one-acre corner lot (43,560 sq. ft.) offering unmatched privacy, space, and breathtaking mountain vistas. A gated circular driveway and elegant staircase entry create a dramatic first impression, while a second driveway provides easy access to the attached three-car garage. The expansive grounds are thoughtfully designed with lush desert landscaping, olive trees, cypress, retaining wall and irrigation system, blending natural beauty with ease of maintenance. Step through the double-door entry into a formal entry with a Grand Chandelier; leading to the living room filled with natural light, featuring vaulted ceilings, a cozy fireplace, and large windows framing serene mountain views. The adjoining formal dining room offers an ideal setting for hosting gatherings. The spacious kitchen includes a breakfast bar and seamlessly opens to the inviting family room, complete with two sets of sliding glass doors leading to the wrap-around covered patio - perfect for entertaining or enjoying the desert sunsets. A main-level bedroom and full bath provide convenience and flexibility for guests or multi-generational living. Upstairs, the primary suite is a true retreat, boasting a private balcony with panoramic mountain views, a large ensuite bath, and ample closet space. The upper level also features a third bedroom with full bath and an impressive game room with wet bar, 1/2 bath and recently renovated wrap-around deck offering even more sweeping views of the mountains and valley. BONUS ROOM CAN BE CONVERTED TO A 4TH BEDROOM AND/OR 2ND PRIMARY. Newer lower level A/C and brand new upper level A/C, new ducts, new roofing over back patio verandas, new carpet in primary and main floor bedrooms, new interior paint and new electric water heater. The expansive lot offers endless potential - add a pool, spa, Casita, putting green, and/or outdoor kitchen to create your ultimate desert sanctuary. Located just minutes from hiking trails, the world class Shops at El Paseo, fine dining and the renowned Bighorn Golf Club, this property presents an unparalleled opportunity to craft the home of your dreams in one of Palm Desert’s most coveted neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1991
- Lot Size
- 43,560 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palm Desert Unified Schools
Palm Desert High School
Grades 9-12 • 4.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 5.0 | 3.0 | 83% |
| Square foot | 3,589 | 2,309 | 86% |
| Lot Size | 43,560 | 10,019 | 98% |
| Price | $2.80M | $870.5K | 88% |
| Price per sq ft | $780 | $390 | 90% |
| Built year | 1991 | 1983 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 127 | 160 | 25% |
Pricing History
Listed for Sale
Oct 31, 2025
$2,800,000
Initial Listing