73422 Homestead Drive, 29 Palms, California 92277, 29 Palms, 92277 - 5 bed, 3 bath
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73422 Homestead Drive
29 Palms, California 92277
ACTIVE
CONDITION: FAIR
5Beds
3Baths
1,944Sq Ft
44,431Lot Size
Property Price
LIST PRICE$377,000
EST. MARKET VALUE
$377,000
SUMMARY
This Multi-Unit Income Property represents a High-Potential Investment Opportunity, currently listed at $377,000, which aligns with its $377,000 Fair Market Value. While the property maintains a Fair Condition Rating due to dated infrastructure, its unique configuration—comprising a main residence split and a detached studio—offers significant rental flexibility. The expansive 1-acre lot provides substantial utility for mid-term rental operations near the USMC base. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating desert retreat.
Estimated Market Value
$377,000
Based on Realkey algorithm analyzing recent comparable sales in 29 Palms.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 73422 Homestead Drive Subject 5 bd · 3 ba · 1,944 sqft · $194 | $377,000* List Price | 5 | 3 | 1,944 | $194 | - |
A 73863 Siesta Drive Sold 4 bd · 2 ba · 1,988 sqft · $216 · 0.6 mi | $429,000 | 4 | 2 | 1,988 | $216 | 0.6 mi |
B 72775 Two Mile Sold 4 bd · 3 ba · 2,218 sqft · $151 · 0.8 mi | $335,000 | 4 | 3 | 2,218 | $151 | 0.8 mi |
C 73666 Desert Trail Sold 3 bd · 2 ba · 1,434 sqft · $218 · 0.4 mi | $313,000 | 3 | 2 | 1,434 | $218 | 0.4 mi |
D 73254 El Paseo Active 4 bd · 2 ba · 2,118 sqft · $179 · 0.6 mi | $380,000 List Price | 4 | 2 | 2,118 | $179 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
While the property is marketed as 'turn-key' with modern mini-split HVAC systems and cosmetic updates like butcher block countertops, the core infrastructure is dated. The bathrooms feature original or older fixtures (e.g., pink bathtub) and the kitchen cabinetry/layout reflects a renovation age likely exceeding 20 years, placing it in the 'Fair' category despite its well-maintained desert aesthetic.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 44431, living area = 1944.
- Multi-Unit Income Potential
The property is uniquely configured into three separate living areas, including a main residence split and a detached studio, offering exceptional flexibility for mid-term rentals or multi-generational living.
- Expansive Acreage
Situated on a generous 1-acre corner lot, the property provides ample space for outdoor entertaining, additional parking, or future development, all while being minutes from Joshua Tree National Park.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
- Market Stagnation
With nearly 200 days on the market and multiple price reductions, the listing history suggests a struggle to align with current market valuations or buyer expectations.
- Verification Risks
The current 5-bedroom, 3-bathroom configuration relies on prior records rather than confirmed permits, requiring buyers to perform significant due diligence regarding zoning and legal occupancy.
About 73422 Homestead Drive
Turn key desert cool mid century property with a strong history of mid term rental performance, offering flexible living and income potential on an approx. 1 acre corner lot while maintaining its original character and charm. The main residence is currently configured into two living spaces: a spacious 3 bedroom, 1 bathroom layout with generous living and dining areas, plus a private 1 bedroom, 1 bathroom unit ideal for guests, extended stays, mid term rental use, or a workspace. The detached garage includes an added bathroom and functions as a studio style third space for additional flexibility and potential rental use. In total, the property lives as 5 bedrooms and 3 bathrooms; square footage and configurations are based on prior records and buyer to verify. Solid masonry construction, clean architectural lines, and a blend of original mid century details with practical updates create a space that feels authentic yet functional. The approx. 1 acre lot offers room for parking, entertaining, or future possibilities, conveniently located near the USMC base, downtown Twentynine Palms, and Joshua Tree National Park. Buyer to verify all income potential, permits, zoning, and intended uses.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 44,431 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,944 | 1,213.309 |
| Lot Size | 44,431 | 13,719.864 |
| Price | $377.0K | $258.8K |
| Price per sq ft | $194 | $205 |
| Built year | 1949 | 1975 |
| HOA | $0 | $250 |
| Days on market | 220 | 104 |
Pricing History
Listed for Sale
Aug 21, 2026
$377,000
$384,000
-2% Price Drop
Initial Listing
Price Change
Aug 15, 2026
$384,000
$385,000
+0% Price Increase
Initial Listing
Price Change
Jun 13, 2026
$385,000
$395,000
-3% Price Drop
Initial Listing
Price Change
May 13, 2026
$395,000
$397,000
-1% Price Drop
Initial Listing
Price Change
Apr 15, 2026
$397,000
$449,000
-12% Price Drop
Initial Listing
Price Change
Mar 18, 2026
$449,000
Initial Listing
Sold
Jan 30, 2003
$76,000
Public Record