
Palm Desert, California 92260
This Updated Single Family Residence is a High-Potential Investment Opportunity, listed at $609,000—positioned well above the $536,852 Fair Market Value by 13%. While currently priced above market, the property features a Condition Rating of 3, boasting a remodeled kitchen, luxury vinyl flooring, and a Climate-Controlled Bonus Room. The expansive 14,375 sq. ft. lot offers significant upside for a private pool or RV parking. This versatile asset is an ideal acquisition for Owner-Occupants seeking lifestyle flexibility or Buy-and-Hold Investors targeting the Palm Desert market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 72879 Arboleda Drive Subject 3 bd · 2 ba · 1,707 sqft · $350 | $599,000* List Price | 3 | 2 | 1,707 | $350 | - |
A 44470 Acacia Drive Sold 3 bd · 2 ba · 1,804 sqft · $251 · 0.3 mi | $452,000 | 3 | 2 | 1,804 | $251 | 0.3 mi |
B 44505 San Carlos Avenue Sold 3 bd · 2 ba · 1,834 sqft · $398 · 0.8 mi | $730,000 | 3 | 2 | 1,834 | $398 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1956, the property has undergone extensive modern renovations. It features a remodeled kitchen with quartz countertops and custom cabinetry, fully updated bathrooms, luxury vinyl flooring, solar panels, and a detached bonus room with a newer mini-split HVAC system, making it highly functional and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14375, living area = 1707.
The detached, climate-controlled bonus room with a mini-split HVAC and French doors offers exceptional flexibility for a home office, gym, or guest suite, effectively expanding the usable square footage.
Situated on a rare 14,375 sq. ft. lot, the property provides stunning mountain views and significant space for outdoor entertaining, RV parking, or the addition of a private pool.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1707, other record living area = 1079.
Despite the desert climate and ample lot space, the property currently lacks a swimming pool, which may require a significant additional investment for buyers seeking a complete desert retreat.
With 60 days on the market and a recent price reduction, the property is experiencing slower-than-average absorption, potentially indicating initial overpricing or buyer hesitation regarding the 1956 build year.
Oversized 14,375 Sq. Ft. Lot, Beautifully Updated Home & Exceptional Flexibility!Discover an opportunity to enjoy space, versatility, and desert living in the heart of Palm Desert. Situated on an expansive 14,375 sq. ft. lot with mountain views, this beautifully updated three-bedroom, two-bath home offers inviting living areas, a remodeled kitchen, updated bathrooms, and a detached climate-controlled bonus room.The kitchen features quartz countertops, custom cabinetry, and a farmhouse sink, opening to generous living and dining areas. The bathrooms feature custom tile showers and modern finishes. A detached, climate-controlled bonus room offers additional flexibility for a home office, fitness area, creative studio, or recreation space, with luxury vinyl flooring, recessed lighting, a mini-split HVAC system, and French doors opening to the backyard. Outside, enjoy a covered patio with outdoor bar, fire pit, mature palm and fruit trees, lush lawn, and ample space to explore adding a pool. Solar, RV parking, additional parking, and a remaining garage bay add to the property's appeal. Conveniently located near El Paseo, dining, shopping, golf, and hiking.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.9 |
| Square foot | 1,707 | 2,058.132 |
| Lot Size | 14,375 | 7,541.284 |
| Price | $599.0K | $629.6K |
| Price per sq ft | $351 | $309 |
| Built year | 1956 | 1997 |
| HOA | $0 | $398 |
| Days on market | 90 | 79 |
Oct 13, 2026
$599,000
$609,000
-2% Price Drop
Initial Listing
Sep 12, 2026
$609,000
$629,000
-3% Price Drop
Initial Listing
Jul 27, 2026
$629,000
Initial Listing
Feb 6, 2015
$235,000
Public Record
Jan 12, 2004
$250,000
Public Record
Jun 25, 2002
$144,000
Public Record