72303 Sommerset Drive, Palm Desert, California 92260, Palm Desert, 92260 - 3 bed, 2 bath
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Palm Desert, California 92260
This Spacious Desert Condominium is a Strong Value Opportunity, listed at $450,000—positioned well below the $490,724 Fair Market Value by 8%. This valuation gap offers $40,724 in Instant Equity for incoming buyers. Maintaining a Good Condition Rating, the home features an Updated Kitchen with stainless appliances and serene Mountain Views. Located in the Desert Sands Unified district near El Paseo, the property provides a premium lifestyle with resort-style amenities. This is an ideal acquisition for Owner-Occupants seeking a turnkey retreat or Buy-and-Hold Investors targeting high-demand rental areas.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 72303 Sommerset Drive Subject | $399,900* List Price | 3 | 2 | 1,786 | $252 | - |
A 48275 Racquet Lane Sold | $489,000 | 3 | 2 | 1,823 | $268 | 0.7 mi |
B 72308 Valley Crest Lane Sold | $457,000 | 3 | 2 | 1,654 | $276 | 0.1 mi |
C 72509 Sandstone Lane Sold | $440,000 | 2 | 2 | 1,654 | $266 | 0.2 mi |
D 72520 Sandstone Lane Sold | $397,000 | 2 | 2 | 1,440 | $276 | 0.3 mi |
E 48724 Desert Flower Drive Sold | $313,500 | 2 | 2 | 1,207 | $260 | 0.1 mi |
F 72339 Canyon Lane Active | $449,900 List Price | 3 | 2 | 1,654 | $272 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1978, this property has been significantly updated and is in move-in ready condition. The kitchen features modern stainless steel appliances, stone countertops, and updated cabinetry. The bathrooms have been modernized with newer vanities and tile work. Throughout the home, the flooring has been upgraded to a neutral tile, and the overall aesthetic is clean and well-maintained. While not a brand-new construction or a 'just-finished' total renovation, the quality of the updates and the lack of deferred maintenance align with the 'Good' classification.
Situated minutes from El Paseo's premier shopping and dining, the property offers access to resort-style amenities including tennis, pickleball, and multiple pools.
As the largest floor plan in the Sommerset community, this 1,786 sq. ft. condo features three bedrooms and a layout optimized for natural light and entertaining.
The home boasts a private courtyard and a large covered patio with mountain and greenbelt views, located just steps from the community pool and spa.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2940, other record lot size in square feet = 3049. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The association fee of $660 per month represents a significant recurring expense that buyers must factor into their monthly carrying costs.
Built in 1978, the property may require cosmetic updates or system modernizations to meet the aesthetic preferences of contemporary buyers.
Welcome to the desirable Sommerset community 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 63% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,786 | 1,550 | 68% |
| Lot Size | 2,940 | 2,492 | 59% |
| Price | $399.9K | $502.5K | 22% |
| Price per sq ft | $224 | $335 | 1% |
| Built year | 1978 | 1979 | 37% |
| HOA | $660.0 | $760 | 34% |
| Days on market | 39 | 162 | 1% |
Apr 17, 2026
$399,900
$425,000
-6% Price Drop
Initial Listing
Apr 1, 2026
$425,000
$450,000
-6% Price Drop
Initial Listing
Mar 14, 2026
$450,000
Initial Listing
Dec 26, 2000
$75,000
Public Record
May 14, 1996
$95,500
Public Record