
Palm Desert, California 92260
This Spacious Condominium is a Strong Value Opportunity, listed at $389,000—positioned well below the $419,352 Fair Market Value by 7%. This valuation gap offers $30,352 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes modern renovations and solar panels. Residents enjoy a Resort-Style Lifestyle with access to pools, tennis, and pickleball, all near El Paseo. This is an ideal acquisition for Owner-Occupants seeking desert tranquility or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 72303 Sommerset Drive Subject 3 bd · 2 ba · 1,786 sqft · $235 | $389,000* List Price | 3 | 2 | 1,786 | $235 | - |
A 48652 Desert Flower Drive Sold 3 bd · 3 ba · 1,348 sqft · $260 · 0.1 mi | $350,000 | 3 | 3 | 1,348 | $260 | 0.1 mi |
B 48944 Desert Flower Active 3 bd · 2 ba · 1,348 sqft · $263 · 0.2 mi | $355,000 List Price | 3 | 2 | 1,348 | $263 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1978, the property shows clear signs of a mid-range renovation (likely 5-15 years old) including updated wood-look flooring and a modernized bathroom with dual vessel sinks and contemporary tile work. The unit appears well-maintained, move-in ready, and includes functional upgrades like solar panels.
Situated in the highly sought-after South Palm Desert area, the property offers close proximity to El Paseo's luxury shopping, world-class dining, and premier golf courses.
As the largest floor plan in the community, this 1,786 sq. ft. home features a private courtyard and a large covered patio, providing exceptional indoor-outdoor living space.
Residents enjoy access to premium community features including tennis, pickleball, and multiple pools, with this specific unit located just steps away from the pool and spa.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2915, other record lot size in square feet = 3049.
The monthly association fee of $660 is relatively high, which may increase the total cost of ownership and deter budget-conscious buyers.
Built in 1978, the property may require modern cosmetic updates or system upgrades to compete with newer developments in the area.
Welcome to Sommerset in Palm Desert, where comfort and tranquility meet. This beautifully situated 3 bedroom, 2 bath condo offers a peaceful and serene desert setting highlighted by an inviting private courtyard that creates a warm and welcoming first impression and provides the perfect space for morning coffee, relaxing or firing up the BBQ. Inside, the thoughtfully designed floor plan, the largest in the community, offers comfortable living areas filled with natural light, ideal for both everyday living and entertaining. A unique blend of privacy and charm while offering a relaxed desert lifestyle within a beautifully maintained community. Large covered patio and located steps from community pool and spa. Residents of Sommerset enjoy well-kept grounds and resort-style amenities, all while being conveniently located just minutes from Palm Desert's premier shopping and dining on El Paseo, and close to world class golf and entertainment. This is an exceptional opportunity to enjoy peaceful desert living in one of the area's most desirable communities. Tennis, Pickleball, Pools, Spas, Greenspace and more.
No exterior & parking available.
Grades 9-12 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,786 | 1,495.459 |
| Lot Size | 2,915 | 2,698.484 |
| Price | $389.0K | $456.9K |
| Price per sq ft | $218 | $309 |
| Built year | 1978 | 1984 |
| HOA | $660.0 | $813 |
| Days on market | 10 | 88 |
Oct 15, 2026
$389,000
Initial Listing
Dec 26, 2000
$75,000
Public Record
May 14, 1996
$95,500
Public Record