72970 Deer Grass Drive, Palm Desert, California 92260, Palm Desert, 92260 - 5 bed, 5 bath

72970 Deer Grass Drive, Palm Desert, California 92260 home-pic-0

72970 Deer Grass Drive

Palm Desert, California 92260

ACTIVE
CONDITION: EXCELLENT
5Beds
5Baths
3,190Sq Ft
11,326Lot Size

Property Price

LIST PRICE$2,500,000
EST. MARKET VALUE
$2,335,068
7% AboveMARKET VALUE

SUMMARY

Analysis of 72970 Deer Grass Drive, Palm Desert, California 92260 reveals a property with a current list price of $2,500,000, which is 7% above the estimated $2,335,068 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$2,335,068
Based on Realkey algorithm analyzing recent comparable sales in Palm Desert.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
72970 Deer Grass Drive
Subject
$2,500,000*
List Price
553,190$732-
A
72811 White Drive
Sold
$2,700,000453,733$7230.5 mi
B
48651 Shady View Drive
Sold
$2,150,000343,474$6190.7 mi
C
72930 Willow
Sold
$1,750,000442,327$7520.4 mi
D
48365 Alan Circle
Active
$2,200,000
List Price
453,594$6120.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This property underwent a comprehensive three-year 'down-to-the-studs' reconstruction, effectively making it a brand-new luxury residence. The kitchen is a showpiece with premium Sub-Zero and Viking appliances and a 12-foot quartz waterfall island. All major systems, including HVAC, plumbing, and electrical, are new, and the home features high-end modern finishes like spa-inspired wet rooms, vaulted wood-beam ceilings, and a newly built detached casita and resort-style pool area.

PROSSTRENGTHS & OPPORTUNITIES

  • Comprehensive Luxury Reconstruction

    Taken down to the studs for a meticulous three-year renovation, this home features all-new plumbing, electrical, HVAC, and high-end finishes, offering the reliability of new construction.

  • Resort-Style Backyard Oasis

    The outdoor space is a premier entertainment hub featuring a PebbleTec pool with a waterfall grotto, a slide, and a fully equipped outdoor kitchen with a Kamado grill and fire-water features.

  • Self-Contained Detached Casita

    The brand-new detached casita includes a private street entrance, full kitchen, and laundry facilities, providing a truly independent living space for guests or rental potential.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 3190, other record living area = 2561. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.

  • Market Price Positioning

    Listed at $2.5M, the property sits at a significant premium for the Canyon Cove subdivision, which may face appraisal challenges despite the extensive level of upgrades.

  • High Lot Coverage

    With a 3,190 sq. ft. main residence plus a detached casita and extensive hardscaping on an 11,326 sq. ft. lot, there is minimal traditional green space or open yard area remaining.

About 72970 Deer Grass Drive

Completely rebuilt and reconfigured, this exceptional 3,190 sq. ft. residence was taken down to the studs and transformed during a meticulous three-year renovation. Nearly every square inch has been upgraded, creating a modern desert retreat with high-end finishes throughout.The showpiece kitchen features a dramatic 12-foot quartz island with dual waterfall edges, double faucets, and an oversized 5-foot sink. Premium appliances include a 48'' Sub-Zero refrigerator and 48'' Viking double-oven range. Custom wood beams with integrated lighting span the kitchen and living areas, adding warmth and architectural character to the open-concept design. Expansive views immediately draw you to the backyard oasis.The home offers five bedrooms and five bathrooms, including two luxurious primary suites. The main primary retreat features vaulted ceilings with decorative wood beams and lighting, a fireplace, and bifold patio doors opening to the outdoors. The spa-inspired bath includes a fully tiled wet room with soaking tub and rain shower. A spacious walk-in closet is conveniently located adjacent to the bath.The second primary suite offers a raised ceiling, large walk-in closet, and bath with double-sink vanity, walk-in shower, and new two-person Jacuzzi tub.Upgrades include new plumbing and electrical, new HVAC systems, tankless water heater, all new doors and windows, and a completely re-stuccoed exterior. The three-car garage features new aluminum doors and upgraded flooring.The backyard is a true private resort with a newly built PebbleTec pool and spa, waterfall grotto with slide, and three fire-water features. An adjustable aluminum patio cover and a fully equipped outdoor kitchen with built-in BBQ, refrigerator, warming drawer, sink, Kamado grill, and fire pit lounge area make entertaining effortless.Completing the property is a brand-new detached casita with its own private street entrance. Finished with high-end materials and thoughtful design, it features a full kitchen, washer and dryer, walk-in closet with built-ins, and complete privacy. Whether used for guests, extended family, or a private retreat, this space truly elevates the property--and is arguably one of the most impressive features of the home.This is not simply a remodel--it's a complete transformation into a modern luxury desert compound.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1980
Lot Size
11,326 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
5 (5 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$168.0 / Month

Neighborhood Insights

Palm Desert Unified Schools

Palm Desert High School

Grades 9-12 • 2.8 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
92%
Baths5.03.0
83%
Square foot3,1902,309
80%
Lot Size11,32610,019
60%
Price$2.50M$870.5K
87%
Price per sq ft$784$390
90%
Built year19801983
47%
HOA$168.0$0
68%
Days on market9160
1%

Pricing History

Listed for Sale

Feb 26, 2026

$2,500,000

Initial Listing

Sold

May 2, 2022

$550,000

Public Record

Sold

Aug 28, 1998

$248,000

Public Record

Sold

Apr 11, 1996

$241,500

Public Record

Sold

Aug 20, 1993

$260,000

Public Record

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