71730 Jaguar Way, Palm Desert, California 92260, Palm Desert, 92260 - 4 bed, 4 bath

71730 Jaguar Way, Palm Desert, California 92260 home-pic-0
ACTIVE$3,250,000
71730 Jaguar Way, Palm Desert, California 92260
4Beds
4Baths
3,552Sqft
54,450Lot

Price Vs. Estimate

The estimated value ($2,776,520.055) is $473,479.945 (14%) lower than the list price ($3,250,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 54450, living area = 3552.
Top Cons:
Significant Price Discrepancy: The current list price of $3.25M is notably higher than the estimated property value of $2.776M, which may suggest an overvaluation in the current market.

Compared to the nearby listings

Price:$3.25M vs avg $825.0K (+$2,425,000)93%
Size:3,552 sqft vs avg 2,165.5 sqft88%
Price/sqft:$915 vs avg $37393%

More Insights

Built in 1974 (51 years old).
Condition: Built in 1974, this property has undergone extensive updates and upgrades, as stated in the description and evidenced by the images. The kitchen features modern appliances, quartz-like countertops, and contemporary flooring, while the main bathroom boasts a large walk-in shower, updated vanity, and modern tiling. Other areas also show recent updates with recessed lighting and clean finishes. While not a brand-new build or fully renovated within the last 5 years to an 'Excellent' standard (some design choices like the two-tone kitchen cabinets and gold bathroom fixtures, though well-maintained, are not ultra-modern), the property is clearly move-in ready with no immediate renovations required, aligning well with the 'Good' condition criteria for a home extensively renovated within the last 5-15 years.
Year Built
1974
Close
-
List price
$3.25M
Original List price
$3.25M
Price/Sqft
$915
HOA
-
Days on market
-
Sold On
-
MLS number
219122477DA
Home ConditionGood
Features
Excellent View: City Lights, Mountain(s), Valley
Deck
Pool
Spa
Patio
ViewCity Lights,Mountain(s),Valley

About this home

1.25 acres in the prestigious Cahuilla Hills neighborhood. This is a secluded setting surrounded by mountain and valley views, yet conveniently located near the heart of Palm Desert. This property has received extensive updates and upgrades from current owner. The main house features 4 bedrooms and 3 baths, including a primary suite with fireplace, panoramic views, balcony and a spiral staircase to the pool area. The kitchen has been updated and opened up. The house has a natural flow between private and open living spaces, including a living area with a fireplace, dining, family room, and a large office or flex space with numerous windows overlooking outdoor living space. The pool area feels like a resort with a beach entrance, pebble tech pool and oversized spa with waterfall, a covered patio with wet bar, and built-in barbecue. The separate RV garage with casita is like a second property with nice separation from the main house and its own driveway. This is an RVer's or car enthusiast's dream. Numerous upgrades have been made, including turf and leased solar. This property must be visited in person to be truly appreciated. Currently functioning as an Airbnb, those figures are provided upon request. 4 of the 6 parking spaces in the listing are referencing the RV garage.

Nearby schools

7/10
Palm Desert High School
Public,9-124.5mi
Condition Rating
Good

Built in 1974, this property has undergone extensive updates and upgrades, as stated in the description and evidenced by the images. The kitchen features modern appliances, quartz-like countertops, and contemporary flooring, while the main bathroom boasts a large walk-in shower, updated vanity, and modern tiling. Other areas also show recent updates with recessed lighting and clean finishes. While not a brand-new build or fully renovated within the last 5 years to an 'Excellent' standard (some design choices like the two-tone kitchen cabinets and gold bathroom fixtures, though well-maintained, are not ultra-modern), the property is clearly move-in ready with no immediate renovations required, aligning well with the 'Good' condition criteria for a home extensively renovated within the last 5-15 years.
Pros & Cons

Pros

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 = 54450, living area = 3552.
Prime Location & Large Lot: Situated on a generous 1.25-acre lot in the prestigious Cahuilla Hills neighborhood, offering seclusion, expansive mountain and valley views, and convenient proximity to the heart of Palm Desert.
Resort-Style Outdoor Living: The property boasts a luxurious pool area featuring a beach entrance, pebble tech pool, oversized spa with waterfall, covered patio with a wet bar, and built-in barbecue, ideal for entertaining and relaxation.
Versatile Secondary Dwelling: A separate RV garage with an integrated casita and its own driveway provides exceptional flexibility for guests, multi-generational living, or enthusiasts, effectively acting as a second private property.
Extensive Updates & Modernized Interior: The main house has undergone extensive updates and upgrades by the current owner, including an updated and opened-up kitchen, and a primary suite with panoramic views and a fireplace.
Income-Generating Potential: Currently functioning as an Airbnb, this property offers a proven income stream, making it an attractive option for investors or homeowners seeking supplemental revenue.

Cons

Significant Price Discrepancy: The current list price of $3.25M is notably higher than the estimated property value of $2.776M, which may suggest an overvaluation in the current market.
Age of Construction: Built in 1974, the property is 50 years old, which, despite extensive updates, could raise concerns about the age of underlying systems or require ongoing maintenance typical of older homes.
Leased Solar System: While beneficial for energy efficiency, the presence of a leased solar system may be less appealing to some buyers compared to an owned system, due to contractual obligations and potential transfer complexities.

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