72817 Skyward Way, Palm Desert, California 92260, Palm Desert, 92260 - 3 bed, 4 bath
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Palm Desert, California 92260
This South Palm Desert Development Opportunity is a High-Potential Investment Opportunity listed at $699,000. While the $563,936 Fair Market Value reflects the current Shell Condition Rating, the property provides a significant head start with past-approved plans for a 2,750 sq. ft. residence and a detached ADU. Featuring existing pool and spa infrastructure and premium Mountain Views, the site is located near El Paseo within the coveted Washington Charter school district. This project is an ideal value-add acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 72817 Skyward Way Subject | $699,000* List Price | 3 | 4 | 2,762 | $204 | - |
A 72795 Somera Road Active | $775,000 List Price | 3 | 3 | 2,660 | $291 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is currently a shell, having been stripped down to the studs as part of a development project. While the provided images are high-end architectural renderings of a proposed finished home, the actual current state is uninhabitable, lacking a kitchen, bathrooms, flooring, and finished major systems. It requires a complete build-out and substantial rehabilitation to meet living standards.
Situated in a highly desirable neighborhood, the property is minutes from the luxury shopping and dining of El Paseo and Ironwood Park, ensuring strong long-term value and lifestyle appeal.
The property offers a significant head start with past-approved plans for a 2,750 sq. ft. home and ADU, combined with a structure already stripped to the studs, saving the buyer substantial demolition time and costs.
A professionally constructed pool and spa are already in place (pending final finishes), providing a major value-add and reducing the complexity of outdoor landscaping and construction.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2762, other record living area = 1840.
As the home is currently a shell, it requires a complete build-out and significant additional capital investment to make it habitable, which may be daunting for non-investor buyers.
Due to its current 'down to the studs' condition, the property will likely not qualify for traditional conventional financing, restricting the buyer pool to cash or specialized construction loan candidates.
Development Opportunity or Custom Home Potential in South Palm Desert!This unique property comes with past-approved plans for an approximately 2,750 sq. ft. residence, with the option to incorporate a detached ADU--perfect for guests, a home office, or potential rental income. The existing home has already been taken down to the studs, offering a true blank slate for a new vision.A professionally constructed pool and spa are already completed (pending final gunite and equipment), providing significant time and cost savings for the next owner. Situated in a highly desirable location, the property is just minutes from El Paseo and a short distance to Ironwood Park, with easy access to premier shopping, dining, hiking, and top-rated schools.Whether you're an investor seeking your next project or a buyer ready to design a custom desert retreat, this property presents a compelling opportunity with exceptional upside potential with all the open backyard and mountain view feels.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 65% |
| Square foot | 2,762 | 2,252 | 64% |
| Lot Size | 9,583 | 10,019 | 48% |
| Price | $699.0K | $900.0K | 27% |
| Price per sq ft | $253 | $407 | 3% |
| Built year | 1978 | 1979 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 181 | 1% |
Apr 13, 2026
$699,000
Initial Listing
Oct 11, 2022
$700,000
Public Record