71475 Jaguar Way, Palm Desert, California 92260, Palm Desert, 92260 - 1 bed, 1 bath
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Palm Desert, California 92260
This Expansive Desert Development Asset represents a High-Potential Investment Opportunity with a List Price of $1,099,000, which is currently positioned at its $1,099,000 Fair Market Value. While the 1961 structure holds a Condition Rating of 4, the primary value is the 5.03-acre lot featuring Panoramic Mountain and City Light Views in South Palm Desert. Following a $500,000 price reduction, this acquisition provides a massive footprint for a custom rebuild near Palm Desert High School. This is a premier site for Luxury Developers or Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 71475 Jaguar Way Subject | $975,000* List Price | 1 | 1 | 786 | $1,398 | - |
A 48230 Painted Canyon Rd Active | $1,000,000 List Price | 1 | 1 | 600 | $1,667 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, the property is aged, and while the interior shows recent, clean updates like new wood flooring and windows, the kitchen and bathroom feature a very specific, rustic, and somewhat DIY aesthetic (e.g., coffee sack curtains, barrel vanity, basic appliances). These elements, though functional, would likely be considered outdated or requiring significant stylistic updates by many buyers seeking contemporary standards. The MLS analysis also notes the age of the existing structure as a weakness, suggesting a need for extensive modernization beyond the visible cosmetic changes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 219107, living area = 786.
The property boasts an exceptionally large lot of 219,107 sqft (over 5 acres), offering unparalleled privacy, ample space for expansion, and significant development potential in a desirable area.
Features stunning panoramic views of City Lights, Hills, and Mountains, which are highly sought-after amenities in Palm Desert and significantly enhance the property's appeal and value.
The existing home is a very small 1 bedroom, 1 bathroom unit at only 786 sqft, which is disproportionate to the large lot size and high price point, limiting its appeal to buyers seeking a ready-to-live-in family home.
Built in 1961, the property is over 60 years old, suggesting it likely requires extensive modernization, renovations, or a complete rebuild to meet contemporary standards and buyer expectations.
Despite the price reduction, the $1,099,000 list price for a 786 sqft, 1-bedroom home is a significant investment, primarily reflecting land value and views rather than the current dwelling, which narrows the buyer pool to those with specific development intentions.
Exceptional opportunity in Palm Desert. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades 9-12 • 4.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 2% |
| Baths | 1.0 | 3.0 | 2% |
| Square foot | 786 | 2,426 | 1% |
| Lot Size | 219,107 | 10,236.5 | 99% |
| Price | $975.0K | $970.0K | 51% |
| Price per sq ft | $1.2K | $425 | 98% |
| Built year | 1961 | 1979 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 258 | 182 | 86% |
May 22, 2026
$975,000
$1,099,000
-11% Price Drop
Initial Listing
Jan 28, 2026
$1,099,000
$1,250,000
-12% Price Drop
Initial Listing
Jan 14, 2026
$1,250,000
$1,599,000
-22% Price Drop
Initial Listing
Sep 22, 2025
$1,599,000
Initial Listing