72302 Merry Vale Way, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
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72302 Merry Vale Way
Palm Desert, California 92260
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,428Sq Ft
0.06Lot Size
Property Price
LIST PRICE$460,000
EST. MARKET VALUE
$475,000
3% BelowMARKET VALUE
SUMMARY
This Stunning Move-In Ready Condominium is listed at $475,000, aligning perfectly with its $476,560 Fair Market Value. Featuring a remodeled kitchen with quartz countertops, polished concrete floors, and a tranquil interior atrium, the property boasts a Condition Rating of 2, ensuring a seamless transition for the next owner. Located in the desirable Sommerset community, residents enjoy mountain views, community pools, and proximity to Palm Desert High School. This residence offers a sophisticated, low-maintenance lifestyle, making it an ideal choice for seasonal residents or owner-occupants seeking a turnkey desert retreat.
Estimated Market Value
$475,000+$15,000 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Palm Desert.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 72302 Merry Vale Way Subject | $460,000* List Price | 2 | 2 | 1,428 | $333 | - |
A 48980 Wildwood Lane Sold | $419,500 | 2 | 2 | 1,184 | $354 | 0.3 mi |
B 48590 Oakwood Way Sold | $425,000 | 2 | 2 | 1,428 | $298 | 0.2 mi |
C 48652 Desert Flower Drive Sold | $350,000 | 3 | 3 | 1,348 | $260 | 0.1 mi |
D 72317 Merry Vale Way Sold | $417,000 | 2 | 2 | 1,320 | $316 | 0.1 mi |
E 72732 Tony Trabert Lane Sold | $440,000 | 3 | 2 | 1,170 | $376 | 0.9 mi |
F 72299 Blueridge Court Active | $467,500 List Price | 2 | 2 | 1,320 | $354 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1979, the property has undergone a comprehensive contemporary renovation within the last 5 years. It features a fully remodeled kitchen with quartz countertops and a large island, updated bathrooms, and modern polished concrete flooring throughout. The home is in mint, move-in ready condition with no visible maintenance needs.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Renovations
The residence features high-end updates including a remodeled kitchen with quartz countertops, renovated bathrooms, and sophisticated polished concrete floors, offering a move-in-ready contemporary aesthetic.
- Prime South Palm Desert Location
Situated on a quiet cul-de-sac in the desirable Sommerset community, the property offers excellent proximity to El Paseo's luxury shopping, dining, and scenic hiking trails.
- Exceptional Outdoor Living
The home boasts a unique interior atrium with a fountain and an expansive rear patio featuring breathtaking mountain views, perfectly capturing the desert's indoor-outdoor lifestyle.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =0, other record lot size in square feet = 2613.
- High Monthly HOA Fees
At $660 per month, the association fees are a significant recurring expense that may impact the debt-to-income ratio for some buyers or reduce net yields for investors.
- Limited Enclosed Parking
The property only includes a one-car garage supplemented by a carport, which may be a drawback for households with multiple vehicles or those requiring extensive enclosed storage.
About 72302 Merry Vale Way
Nestled on a quiet cul-de-sac in the highly desirable Sommerset community of South Palm Desert, this beautifully updated single-level residence offers the perfect blend of style, comfort, and effortless desert living. Spanning 1,428 square feet, this inviting home features two spacious bedrooms and two beautifully remodeled bathrooms, thoughtfully designed with contemporary finishes.The bright, open-concept kitchen has been tastefully renovated with sleek quartz countertops, abundant cabinetry, and a generous island ideal for casual dining and entertaining. An adjoining breakfast nook with a built-in desk provides the perfect space for morning coffee or a convenient home office. Polished concrete floors add a sophisticated modern touch while enhancing the home's clean, airy aesthetic.At the heart of the home, a tranquil interior atrium welcomes natural light and features a soothing fountain, creating a peaceful retreat. Step outside to the expansive rear patio, where breathtaking mountain views and lush landscaping provide the perfect setting for outdoor dining, entertaining, or simply relaxing in complete privacy. An enclosed patio offers additional versatile living space and is ideal for pets.Enjoy the exceptional lifestyle Sommerset is known for, with an abundance of community pools, beautifully landscaped grounds, with pickleball and tennis courts, one of the community pools just moments away, and nearby hiking trails showcasing the beauty of the surrounding desert landscape. Additional highlights include custom window treatments, an attached one-car garage plus carport,, and convenient access to Highway 74, minutes from El Paseo's renowned shopping and dining, premier golf, and all that South Palm Desert has to offer.Whether you're looking for a full-time home, seasonal getaway, or investment opportunity, this South Palm Desert condo offers location, views, and updated living in one of the valley's most desirable areas.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- 0.06 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $660.0 / Month
Neighborhood Insights
Palm Desert Unified Schools
Palm Desert High School
Grades 9-12 • 3.8 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,428 | 1,519.896 |
| Lot Size | 0.06 | 2,713.504 |
| Price | $460.0K | $465.1K |
| Price per sq ft | $322 | $313 |
| Built year | 1979 | 1984 |
| HOA | $660.0 | $815 |
| Days on market | 47 | 81 |
Pricing History
Listed for Sale
Aug 12, 2026
$460,000
$475,000
-3% Price Drop
Initial Listing
Price Change
Jul 24, 2026
$475,000
Initial Listing
Sold
Apr 3, 2025
$485,000
Public Record
Sold
Jan 29, 2019
$221,000
Public Record