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: GOOD
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 is a High-Potential Investment Opportunity, listed at $385,000—positioned slightly above the $382,497 Fair Market Value. While the property lacks an equity gap, its unique configuration of three distinct living spaces on a 1-Acre Corner Lot provides significant income versatility. With a Condition Rating of 3, the home offers a functional, turn-key mid-century aesthetic. This asset is ideal for Buy-and-Hold Investors seeking mid-term rental performance or Owner-Occupants looking to offset mortgage costs through flexible, multi-generational living arrangements.
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 | $377,000* List Price | 5 | 3 | 1,944 | $194 | - |
A 73863 Siesta Drive Sold | $429,000 | 4 | 2 | 1,988 | $216 | 0.6 mi |
B 72775 Two Mile Sold | $335,000 | 4 | 3 | 2,218 | $151 | 0.8 mi |
C 73666 Desert Trail Sold | $313,000 | 3 | 2 | 1,434 | $218 | 0.4 mi |
D 73254 El Paseo Active | $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
Good
TeardownExcellent
Property is move-in ready.
Built in 1949 but well-maintained with practical updates including modern mini-split HVAC systems and butcher block countertops. While the bathroom retains vintage 1950s fixtures and some elements are dated, the property is move-in ready, functional, and shows evidence of recent cosmetic maintenance.
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.
- Income Versatility
The unique configuration of three separate living spaces—a 3-bedroom main house, a 1-bedroom unit, and a detached studio—offers exceptional potential for mid-term rentals, guest stays, or multi-generational living.
- Mid-Century Aesthetic
This turn-key property retains its original 1949 character with solid masonry construction and 'desert cool' architectural lines, appealing to buyers seeking authentic high-desert charm.
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 136 days on the market and multiple price reductions from the original $449,000, the property has struggled to find traction, potentially indicating initial overpricing or buyer caution.
- Verification Risks
The listing explicitly states that square footage, configurations, and permits are based on prior records, placing the burden of verification on the buyer to ensure all units are legal and conforming.
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 | 1,205.897 |
| Lot Size | 44,431 | 15,574.879 |
| Price | $377.0K | $259.5K |
| Price per sq ft | $194 | $203 |
| Built year | 1949 | 1974 |
| HOA | $0 | $250 |
| Days on market | 175 | 98 |
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