73345 Shadow Mountain Drive 4, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
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Palm Desert, California 92260
This Shadow Mountain Condominium represents a rare Prime Location Acquisition situated just a two-minute stroll from the luxury boutiques of El Paseo. Listed at $510,000, the property is positioned above the $405,711 Fair Market Value, reflecting a premium for its status as the final available unit in an exclusive six-plex. Maintaining a Fair Condition Rating, the 1,026 sq. ft. interior offers immediate livability with significant potential for cosmetic modernization to drive appreciation. Residents enjoy Scenic Mountain Views, a private patio, and resort-style amenities. This is a strategic choice for Value-Add Investors or Owner-Occupants prioritizing pedestrian access to world-class dining.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 73345 Shadow Mountain Drive 4 Subject | $499,000* List Price | 2 | 2 | 1,026 | $392 | - |
A 72869 Don Larson Lane Lane Sold | $420,000 | 2 | 2 | 1,119 | $375 | 0.9 mi |
B 331 Sandpiper Street Sold | $540,000 | 2 | 2 | 1,045 | $517 | 0.5 mi |
C 72948 Ken Rosewall Lane Sold | $420,000 | 3 | 2 | 1,191 | $353 | 0.9 mi |
D 411 Sandpiper Street Sold | $475,000 | 2 | 2 | 1,075 | $442 | 0.5 mi |
E 72732 Tony Trabert Lane Pending | $450,000 List Price | 3 | 2 | 1,170 | $385 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, the property is well-maintained and move-in ready but features dated aesthetics and components. The kitchen retains older tile countertops and white appliances, and the flooring consists of standard tile and carpet. While functional and clean, the home has not undergone a recent comprehensive renovation to meet modern luxury standards, aligning with the 'fair' criteria for an aged home maintained through regular upkeep.
Situated just a two-minute walk from El Paseo, this property offers unparalleled pedestrian access to Palm Desert’s world-class dining, luxury shopping, and art galleries.
The condo features a private patio with stunning mountain vistas and access to resort-style amenities, including a pool and spa, capturing the quintessential desert lifestyle.
As the final remaining unit in an exclusive six-plex, this property presents a rare 'lock-and-leave' opportunity with a motivated seller seeking a quick close.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1307, other record lot size in square feet = 979.
Built in 1981, the unit may require cosmetic updates or modernization to align with contemporary luxury standards despite being move-in ready.
The property’s return to the market following a substantial price adjustment may indicate previous challenges in valuation or buyer financing.
Last Unit Available — Walk to El Paseo! Back on the market, after a substantial price adjustment, this Shadow Mountain condo offers an exceptional entry into the Palm Desert lifestyle.This is the final opportunity to own a piece of one of Palm Desert’s most exclusive addresses; and it’s only a 2-minute stroll to El Paseo. Forget the car. Dinner, cocktails, shopping, galleries...it’s all right outside your door. Wake up each morning to golden desert light spilling across your private patio. Sip your espresso as the mountains glow in the distance. By afternoon, you’re lounging by the resort-style pool and spa, or taking a spontaneous walk down “the Rodeo Drive of the Desert,” surrounded by art, fashion, and fine dining. Inside: light-filled, open, and designed for effortless living. With two bedrooms, two baths, and over 1,000 sq. ft. of space, it’s move-in ready yet full of potential to personalize. Perfect for a lock-and-leave escape, a smart investment property, or your full-time desert sanctuary. This is the last remaining condo in a coveted 6-plex, the kind of rare find that makes your friends ask, “How did you find that one?” It’s your chance to live where every day feels like a getaway, where style, sunshine, and convenience meet. One unit. One location. One chance. Because when it’s gone… it’s gone. Seller motivated — quick close preferred.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,026 | 1,548 | 7% |
| Lot Size | 1,307 | 2,408 | 31% |
| Price | $499.0K | $502.5K | 49% |
| Price per sq ft | $486 | $335 | 86% |
| Built year | 1981 | 1979 | 73% |
| HOA | $350.0 | $760 | 3% |
| Days on market | 50 | 162 | 4% |
Apr 15, 2026
$499,000
$510,000
-2% Price Drop
Initial Listing
Mar 3, 2026
$510,000
Initial Listing
Sep 30, 2002
$194,000
Public Record
Jul 16, 1999
$120,000
Public Record
Jan 30, 1997
$58,000
Public Record