73340 Shadow Mountain Drive 41, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 3 bath
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Palm Desert, California 92260
This Short-Term Rental Friendly Condominium is a Strong Value Opportunity, listed at $399,900—positioned well below the $417,389 Fair Market Value by 4%. This valuation gap offers $17,489 in Instant Equity for buyers. While maintaining a Condition Rating of 4, the unit features Mountain Views and is located just one block from the premier El Paseo district. With an HOA under $500 and proximity to Palm Desert High School, it perfectly balances lifestyle with income potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 73340 Shadow Mountain Drive 41 Subject | $399,900* List Price | 2 | 3 | 1,250 | $334 | - |
A 73464 Shadow Mountain Drive Sold | $390,000 | 2 | 2 | 1,392 | $280 | 0.1 mi |
B 72765 Mesquite Court D Sold | $502,500 | 3 | 2 | 1,554 | $323 | 0.7 mi |
C 72869 Don Larson Lane Lane Sold | $420,000 | 2 | 2 | 1,119 | $375 | 0.9 mi |
D 72948 Ken Rosewall Lane Sold | $420,000 | 3 | 2 | 1,191 | $353 | 1.0 mi |
E 72917 Arthur Ashe Lane Sold | $385,000 | 2 | 2 | 1,136 | $339 | 0.9 mi |
F 72760 Mesquite Court #f Active | $475,000 List Price | 2 | 3 | 1,325 | $358 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready but remains largely dated, reflecting its 1973 construction. The kitchen features older white appliances, basic cabinetry, and fluorescent lighting, while the bathrooms and fixtures show signs of age without recent modern renovations. It meets the 'fair' criteria as an aged but functional home that requires cosmetic updates to meet current contemporary standards.
Situated just one block from El Paseo, the property offers unparalleled access to world-class shopping, dining, and art galleries in the heart of South Palm Desert.
The community permits short-term rentals, providing a rare and valuable opportunity for investors to generate income in a highly sought-after destination.
With an HOA fee under $500 per month and a competitive price point, this property offers excellent affordability and value for the South Palm Desert market.
Built in 1973, the unit may require modern cosmetic updates or infrastructure improvements to compete with newer developments in the area.
The two-story configuration may limit appeal for buyers specifically seeking single-level living or those with mobility considerations.
SHORT TERM RENTAL FRIENDLY!! Located in the desirable Sandroc 1 community, this two-story condominium is offered at $399,900 and features 2 bedrooms, 2.5 bathrooms, and approximately 1,250 sq ft of living space. The functional floor plan includes an in-unit washer and dryer, generous living areas, and excellent separation of space between levels.The HOA is under $500 per month, and short-term rentals are permitted, offering flexibility for owner-occupants and investors alike. Ideally situated just one block from El Paseo, residents enjoy close proximity to renowned shopping, dining, art galleries, and entertainment in the heart of South Palm Desert.A rare opportunity to own a well-located property with income potential at an attractive price point.
No exterior & parking available.
Grades 9-12 • 1.9 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 | 74% |
| Square foot | 1,250 | 1,548 | 22% |
| Lot Size | 557 | 2,408 | 23% |
| Price | $399.9K | $502.5K | 22% |
| Price per sq ft | $320 | $335 | 42% |
| Built year | 1973 | 1979 | 20% |
| HOA | $465.0 | $760 | 9% |
| Days on market | 84 | 163 | 13% |
Jan 29, 2026
$399,900
Initial Listing