
Palm Desert, California 92260
This property presents a High-Potential Investment Opportunity with a List Price of $1,175,000—positioned above the $1,081,179 Fair Market Value. While the property requires capital for modernization, its 4-bedroom, 3-bath layout on a nearly half-acre lot offers significant scale in a prime South Palm Desert location. Featuring panoramic mountain views, a private pool and spa, and unique Marrakesh-inspired architecture, the home provides a solid foundation for value-add renovations. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a custom desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 73070 Shadow Mountain Drive Subject 4 bd · 3 ba · 3,129 sqft · $346 | $1,175,000* List Price | 4 | 3 | 3,129 | $346 | - |
A 46490 Desert Lily Drive Sold 4 bd · 4 ba · 3,400 sqft · $412 · 0.2 mi | $1,400,000 | 4 | 4 | 3,400 | $412 | 0.2 mi |
B 72890 Homestead Road Sold 4 bd · 3 ba · 2,856 sqft · $422 · 0.9 mi | $1,205,000 | 4 | 3 | 2,856 | $422 | 0.9 mi |
C 73540 Joshua Tree Street Sold 4 bd · 3 ba · 2,020 sqft · $421 · 0.6 mi | $850,000 | 4 | 3 | 2,020 | $421 | 0.6 mi |
D 135 Vista Valle Sold 3 bd · 4 ba · 3,206 sqft · $343 · 0.5 mi | $1,100,000 | 3 | 4 | 3,206 | $343 | 0.5 mi |
E 73165 Mirasol Court Sold 4 bd · 4 ba · 2,796 sqft · $376 · 1.0 mi | $1,050,000 | 4 | 4 | 2,796 | $376 | 1.0 mi |
F 72935 Deer Grass Drive Sold 2 bd · 3 ba · 2,113 sqft · $473 · 0.7 mi | $1,000,000 | 2 | 3 | 2,113 | $473 | 0.7 mi |
G 72690 Homestead Road Active 3 bd · 3 ba · 2,402 sqft · $343 · 1.0 mi | $825,000 List Price | 3 | 3 | 2,402 | $343 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, this property is structurally functional but significantly dated, featuring popcorn ceilings and older tile flooring throughout. The kitchen and bathrooms require cosmetic updates, and the listing explicitly highlights it as an opportunity to update and reimagine, indicating it needs minor repairs and modernization rather than a full structural rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19166, living area = 3129.
Situated in the highly desirable South Palm Desert area, the property is just blocks away from the luxury shopping and dining district of El Paseo, offering exceptional lifestyle convenience.
The nearly half-acre multi-tiered lot provides rare scale and stunning west-facing panoramic mountain views, creating a perfect foundation for a private desert retreat.
The property is positioned as a fixer-opportunity requiring significant updates and reimagining, which will necessitate a substantial additional capital investment from the buyer.
With 145 days on the market and a recent price reduction, the property has faced challenges in securing a buyer, likely due to the scale of work required relative to the current list price.
Opportunity in South Palm Desert on a nearly half-acre lot just blocks from El Paseo - where location, scale, and mountain views create the perfect canvas for your next chapter. This Marrakesh-inspired 4 bedroom + den, 3 bath residence offers strong potential for a buyer ready to update and reimagine. A curved driveway, mature palms, and desert landscaping create a welcoming arrival, while a private courtyard framed by decorative breeze block and double door entry sets the tone for the home's architectural character. Inside, west-facing living and dining areas feature vaulted ceilings, a gas fireplace, and easy access to the patio and terraced backyardcapturing beautiful mountain views. Separate kitchen offers breakfast bar seating and connects to a casual family room, creating a functional layout for everyday living. On the south side of the home, three bedrooms and two baths include a primary suite with backyard access and an ensuite bath with dual sinks, walk-in shower, and ample storage. The north wing includes an additional bedroom, bath, and a flexible den or office that could serve as a fifth bedroom. Outdoors, the expansive multi-tiered backyard provides a strong foundation for a true desert retreat, complete with a pool, separate spa area, mature landscaping, and multiple areas for entertaining. A unique opportunity to create a custom residence in one of Palm Desert's most sought-after locations just moments from dining, shopping, and the best of desert living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.9 |
| Square foot | 3,129 | 2,058.132 |
| Lot Size | 19,166 | 7,541.284 |
| Price | $1.18M | $629.6K |
| Price per sq ft | $376 | $309 |
| Built year | 1965 | 1997 |
| HOA | $0 | $398 |
| Days on market | 177 | 79 |
Sep 23, 2026
$1,175,000
$1,200,000
-2% Price Drop
Initial Listing
May 1, 2026
$1,200,000
Initial Listing