72957 Arthur Ashe Lane, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 3 bath
Loading property details...
Palm Desert, California 92260
This Value-Add Condominium in the active Deep Canyon Tennis Club is a strategic acquisition listed at $329,000. Positioned relative to its $251,130 Fair Market Value, the property’s value lies in its significant potential for forced appreciation through modernization. With a Condition Rating of 5, the unit requires a full interior renovation to meet contemporary standards. Residents benefit from scenic Mountain Views, a private Patio, and resort amenities including 12 pools and championship tennis courts. Zoned for the 7-rated Palm Desert High School, this is an ideal project for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 72957 Arthur Ashe Lane Subject | $329,000* List Price | 2 | 3 | 1,258 | $200 | - |
A 72917 Arthur Ashe Lane Sold | $385,000 | 2 | 2 | 1,136 | $339 | 0.0 mi |
B 73067 Pancho Segura Lane Sold | $275,000 | 2 | 3 | 1,258 | $219 | 0.1 mi |
C 72520 Sandstone Lane Sold | $397,000 | 2 | 2 | 1,440 | $276 | 0.8 mi |
D 73464 Shadow Mountain Drive Sold | $390,000 | 2 | 2 | 1,392 | $280 | 0.9 mi |
E 72770 Willow Sold | $240,000 | 2 | 1 | 840 | $286 | 0.3 mi |
F 72499 Sandstone Lane Active | $379,500 List Price | 2 | 2 | 1,320 | $288 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1979 (45 years old), the property is described as ready for new owners to make it their own, which typically indicates original or significantly outdated kitchen and bath interiors. Based on the age exceeding 30 years and the implied need for a full rehab to modernize the unit, it falls into the poor category per the provided criteria.
Located in the Deep Canyon Tennis Club, this property offers access to premium amenities including tennis, pickleball, and a vibrant social atmosphere, perfect for active residents.
The property features desirable mountain views, providing a picturesque desert backdrop that enhances the overall appeal and tranquility of the home.
With a history as a successful seasonal rental and second home, this property is well-positioned for investors seeking a proven income-generating asset in a popular destination.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =436, other record lot size in square feet = 489.
The monthly HOA fee of $740 is relatively high for the price point, which may impact the monthly carrying costs and overall affordability for some buyers.
Built in 1979 and marketed as ready for new owners to 'make it their own,' the unit likely requires cosmetic updates and renovations to meet contemporary standards.
This property has served as a second home and seasonal rental and is now ready for new owners to make it their own. Enjoy living in a highly active community featuring tennis, pickleball, and a lively social atmosphere.
No exterior & parking available.
Grades 9-12 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 73% |
| Square foot | 1,258 | 1,548 | 23% |
| Lot Size | 436 | 2,613 | 25% |
| Price | $329.0K | $499.0K | 10% |
| Price per sq ft | $262 | $334 | 13% |
| Built year | 1979 | 1979 | 50% |
| HOA | $740.0 | $764 | 38% |
| Days on market | 40 | 157 | 4% |
Apr 28, 2026
$329,000
Initial Listing
Aug 20, 2019
$219,000
Public Record
May 29, 1998
$86,000
Public Record