72828 Joshua Tree Street, Palm Desert, California 92260, Palm Desert, 92260 - 4 bed, 5 bath
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Palm Desert, California 92260
Analysis of 72828 Joshua Tree Street, Palm Desert, California 92260 is currently available with a list price of $1,980,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Palm Desert Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1973 and explicitly described as 'awaiting renovation,' this property is over 50 years old with no evidence of recent major updates. Photos show significantly dated bathrooms, stained carpeting, and original fixtures. While the structure is maintained, the listing's focus on 'conceptual renderings' and 'restoration' confirms it needs a full rehab to address aged systems and finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 26572, living area = 3468.
Originally commissioned for the Nordstrom family and designed by renowned architects Walling & McCallum, this estate offers a prestigious historical legacy and unique architectural significance.
Nestled on a generous 0.61-acre lot in the desirable South Palm Desert area, the property features breathtaking valley and mountain views that provide a serene and high-value desert backdrop.
The residence is in original 1973 condition and is described as 'awaiting renovation,' implying that a significant capital investment is necessary to update the systems and finishes.
With a list price of $1.98 million for a property requiring a full remodel, the total investment cost may approach the market ceiling, potentially limiting the immediate return for investors.
Welcome to 72828 Joshua Tree Street, a remarkable estate nestled on 0.61 acres in the heart of Palm Desert. Offering breathtaking valley views and a serene desert setting, this exceptional property presents a rare opportunity to own a piece of Palm Desert history.The expansive outdoor entertaining area provides the perfect backdrop for relaxing afternoons in the sun or memorable gatherings with family and friends. Rich in architectural significance, the residence was originally commissioned for the distinguished Nordstrom family and designed by renowned architects Walling & McCallum.Lovingly maintained through the years by the esteemed Nordstrom family, the home exudes an enduring old-world charm that continues to define the property today. While awaiting renovation, this classic estate offers an extraordinary opportunity for buyers and investors to create something truly special.Conceptual renovation renderings have been thoughtfully designed by acclaimed Palm Springs architect Brandon Newell of Cioffi Designs, showcasing the potential to blend modern amenities with the timeless elegance for which the home is known.Whether envisioned as a full-time residence, a luxurious desert retreat, or an exceptional investment opportunity, this iconic estate is rich with possibilities. With its spectacular views, architectural pedigree, and prime location, 72828 Joshua Tree Street offers a rare chance to restore a landmark property and enjoy all that Palm Desert has to offer.Solar owned system! Don't miss the opportunity to own a treasured piece of Palm Desert history--an estate whose beauty, heritage, and location are truly unmatched.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,468 | 2,040 |
| Lot Size | 26,572 | 7,405 |
| Price | $1.98M | $634.5K |
| Price per sq ft | $571 | $325 |
| Built year | 1973 | 1994 |
| HOA | $0 | $398 |
| Days on market | 40 | 74 |
Jun 12, 2026
$1,980,000
Initial Listing
Jan 21, 2025
$1,550,000
Public Record
Mar 6, 2001
$550,000
Public Record