73422 Homestead Drive, 29 Palms, California 92277, 29 Palms, 92277 - 3 bed, 2 bath
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29 Palms, California 92277
This Multi-Unit Mid-Century Compound is a versatile asset listed at $449,000—positioned well below the $452,669 Fair Market Value by 1%. Featuring a Condition Rating of 3, this 1949 masonry home offers $3,669 in Instant Equity. The property excels with Multi-Unit Income Potential, comprising three distinct living spaces on a 1-Acre Lot with Mountain Views. Located near Joshua Tree National Park and the USMC base, it balances desert lifestyle with high rental demand. This is an ideal opportunity for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack advantage.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 73422 Homestead Drive Subject | $395,000* List Price | 3 | 2 | 1,944 | $226 | - |
A 73863 Siesta Drive Active | $429,000 List Price | 3 | 2 | 1,988 | $216 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1949 mid-century home is move-in ready and has been well-maintained with 'desert-cool' aesthetic updates. The interior features polished concrete floors, updated butcher block kitchen countertops, and modern light fixtures. While it retains original character such as the vintage pink bathroom fixtures and masonry walls, the property has been practically reworked for multi-unit living and appears to have no immediate need for renovation, fitting the criteria for a well-maintained, functional home.
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.
The property is uniquely configured into three separate living spaces—a 3-bedroom unit, a 1-bedroom unit, and a detached studio—offering exceptional flexibility for short-term rentals, long-term tenants, or multi-generational living.
Situated on a nearly 1-acre corner lot, the property provides significant outdoor space for expansion and is ideally located near Joshua Tree National Park and the USMC base, ensuring high demand from both tourists and local residents.
The multi-unit configuration and garage conversion rely on 'prior records' and require thorough buyer due diligence to ensure all living spaces are fully permitted and compliant with local building codes.
With a construction date of 1949, the property may require significant updates to its core systems, such as plumbing, electrical, and insulation, to handle the extreme desert climate efficiently.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,944 | 1,188 | 95% |
| Lot Size | 44,431 | 13,290 | 78% |
| Price | $395.0K | $255.0K | 93% |
| Price per sq ft | $203 | $218 | 40% |
| Built year | 1949 | 1977 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 80 | 192 | 6% |
May 13, 2026
$395,000
$397,000
-1% Price Drop
Initial Listing
Apr 15, 2026
$397,000
$449,000
-12% Price Drop
Initial Listing
Mar 18, 2026
$449,000
Initial Listing
Jan 30, 2003
$76,000
Public Record