
Palm Desert, California 92260
This Condominium presents a Strong Value Opportunity, listed at $369,900—positioned slightly above the $368,400 Fair Market Value. While the property requires cosmetic updates, its Fair Condition Rating is balanced by a prime South Palm Desert location and stunning Mountain Views. With resort-style amenities and proximity to El Paseo, this unit offers significant lifestyle appeal. It is an ideal acquisition for Buy-and-Hold Investors seeking a rental-ready asset or Owner-Occupants looking to personalize a desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 72499 Sandstone Lane Subject | $369,900* List Price | 2 | 2 | 1,320 | $271 | - |
A 72520 Sandstone Lane Sold | $397,000 | 2 | 2 | 1,440 | $276 | 0.0 mi |
B 72957 Arthur Ashe Lane Sold | $275,000 | 2 | 3 | 1,258 | $219 | 0.8 mi |
C 73242 Don Budge Sold | $328,000 | 3 | 2 | 1,170 | $280 | 1.0 mi |
D 72308 Valley Crest Lane Sold | $457,000 | 3 | 2 | 1,654 | $276 | 0.3 mi |
E 48652 Desert Flower Drive Sold | $350,000 | 3 | 3 | 1,348 | $260 | 0.2 mi |
F 72864 Roy Emerson Lane Active | $340,000 List Price | 2 | 3 | 1,258 | $270 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the property is well-maintained but largely dated. While the guest bathroom has been recently remodeled with modern quartz and tile, the kitchen retains older tile countertops and white appliances. The presence of Saltillo tile, mirrored walls, and older primary bath fixtures indicates the home is over 20 years old without a full-scale renovation, fitting the 'Fair' criteria for needing cosmetic updates.
Situated in the highly sought-after Sommerset community, this property offers exceptional proximity to El Paseo's world-class shopping, fine dining, and premier hiking trails.
The south-facing patio and primary suite provide stunning, unobstructed mountain views, a highly desirable feature that enhances the property's desert appeal.
The community features extensive amenities including multiple swimming pools, spas, and tennis courts, all located just steps from the unit amidst lush greenbelts.
The association fee of $660 per month is relatively high for a two-bedroom unit, which may impact the overall affordability and monthly carrying costs for buyers.
While the guest bathroom has been remodeled, the kitchen features older tile countertops and white appliances that may require modernization to meet current market expectations.
Prime Location in the Heart of South Palm Desert! Welcome to the highly sought-after Somerset community. This beautifully maintained 2-bedroom, 2-bath offers an inviting open floor plan with spacious living areas and abundant natural light. Upon entry, you'll appreciate the Saltillo tile flooring complemented by neutral carpet, soaring ceilings, ceiling fans throughout, and shutters that enhance the warm desert charm. The kitchen features tile countertops, white appliances, built-in microwave, and a convenient breakfast nook. The flexible floor plan also includes living room and a separate dining area great for working from home, or additional casual dining. The spacious primary suite features dual vanities, mirrored wardrobe closets, and direct access to the south-facing patio, where you can relax and enjoy beautiful mountain views. The updated guest bathroom has been tastefully remodeled with quartz countertops, a custom-tiled shower, and an upgraded glass shower door, offering both style and functionality. Ideally located just steps from the tennis courts and lush greenbelts, Somerset offers resort-style amenities including swimming pools, spa, tennis courts, and beautifully maintained grounds. Surrounded by championship golf courses and scenic hiking trails, and just minutes from El Paseo, you'll enjoy world-class shopping, fine dining, art galleries, and all that South Palm Desert has to offer. Whether you're looking for a primary residence, seasonal retreat, or vacation home, this is an exceptional opportunity to own a piece of Palm Desert real estate at an exceptional price and enjoy the desert lifestyle at its finest.
No exterior & parking available.
Grades 9-12 • 3.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,320 | 1,519.896 |
| Lot Size | 3,049 | 2,713.504 |
| Price | $369.9K | $465.1K |
| Price per sq ft | $280 | $313 |
| Built year | 1978 | 1984 |
| HOA | $660.0 | $815 |
| Days on market | 34 | 81 |
Aug 6, 2026
$369,900
Initial Listing
May 15, 2014
$175,000
Public Record
Mar 30, 2012
$129,000
Public Record
Jul 20, 2005
$310,000
Public Record