
Palm Desert, California 92260
This Somerset Condominium represents a High-Potential Investment Opportunity, listed at a List Price of $369,900—positioned slightly above the $365,466 Fair Market Value. While the property requires cosmetic updates to its Fair Condition Rating of 4, it offers significant lifestyle appeal through its Panoramic Mountain Views and resort-style amenities. The location provides proximity to El Paseo and the highly-rated Palm Desert High School. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 72499 Sandstone Lane Subject 2 bd · 2 ba · 1,320 sqft · $277 | $369,900* List Price | 2 | 2 | 1,320 | $277 | - |
A 48747 Sageflower Lane Sold 2 bd · 2 ba · 1,184 sqft · $312 · 0.2 mi | $369,000 | 2 | 2 | 1,184 | $312 | 0.2 mi |
B 72957 Arthur Ashe Lane Sold 2 bd · 3 ba · 1,258 sqft · $219 · 0.8 mi | $275,000 | 2 | 3 | 1,258 | $219 | 0.8 mi |
C 72864 Roy Emerson Lane Active 2 bd · 3 ba · 1,258 sqft · $270 · 0.7 mi | $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, this 46-year-old property is largely dated despite a partial guest bath renovation. The kitchen features older tile countertops and white appliances, and the interior retains original Saltillo tile and mirrored walls, indicating a need for cosmetic and system updates to meet modern standards.
Situated in the highly desirable Sommerset community, this property offers immediate access to El Paseo's luxury shopping, fine dining, and premier golf courses, ensuring strong long-term value.
The south-facing patio and primary suite provide stunning mountain views, offering the quintessential desert indoor-outdoor living experience that is highly sought after by buyers.
The association provides an extensive amenity package including lush greenbelts, multiple swimming pools, spas, and tennis courts, creating a low-maintenance, high-quality lifestyle.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3208, other record lot size in square feet = 3049.
At $660 per month, the association dues are relatively high for this price point, which may impact the debt-to-income ratio for some buyers and overall investment yield.
While the guest bath is updated, the kitchen features older white appliances and tile countertops, which may require additional capital investment to meet modern luxury standards.
Discover a relaxed desert lifestyle in the heart of South Palm Desert. Located in the desirable Somerset community, this inviting 2-bedroom, 2-bath condo offers a bright, spacious floor plan with soaring ceilings, shutters, ceiling fans, and classic Saltillo tile that adds warmth and character throughout. The kitchen features white appliances, a built-in microwave, tile countertops, and a cheerful breakfast nook. A separate dining area adds flexibility for entertaining, casual dining, or creating a convenient home office. The primary suite offers dual vanities, mirrored wardrobe closets, and direct access to the south-facing patio, where you can enjoy beautiful mountain views and peaceful desert mornings. The guest bathroom has been tastefully updated with quartz countertops, a custom-tiled shower, and an upgraded glass shower enclosure. Somerset offers a beautifully maintained setting with lush greenbelts, swimming pools, spas, and tennis courts, creating an easy resort-style atmosphere. The location is equally impressive, with El Paseo, fine dining, boutique shopping, art galleries, hiking trails, and some of the desert's best golf courses all just minutes away. Whether you're looking for a full-time home, seasonal retreat, or low-maintenance desert getaway, this property offers an ideal combination of location, lifestyle, and value.
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 | 1,495.459 |
| Lot Size | 3,208 | 2,698.484 |
| Price | $369.9K | $456.9K |
| Price per sq ft | $280 | $309 |
| Built year | 1978 | 1984 |
| HOA | $660.0 | $813 |
| Days on market | 24 | 88 |
Oct 1, 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