73680 Picasso Drive, Palm Desert, California 92211, Palm Desert, 92211 - 4 bed, 3 bath
73680 Picasso Drive
Palm Desert, California 92211
Property Price
SUMMARY
Analysis of 73680 Picasso Drive, Palm Desert, California 92211 reveals a property with a current list price of $949,000, which is 10% above the estimated $844,819 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palm Desert Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 73680 Picasso Drive Subject | $949,000* List Price | 4 | 3 | 2,982 | $283 | - |
A 74121 Kingston Court E Sold | $730,000 | 4 | 4 | 2,637 | $277 | 1.0 mi |
B 35831 Raphael Drive Sold | $825,000 | 4 | 4 | 2,754 | $300 | 0.3 mi |
C 74069 Jeri Lane Sold | $1,200,000 | 4 | 4 | 3,096 | $388 | 0.7 mi |
D 74062 Jeri Lane Sold | $710,000 | 4 | 3 | 2,563 | $277 | 0.6 mi |
E 74078 W Petunia Place Sold | $949,000 | 4 | 3 | 2,800 | $339 | 1.0 mi |
F 73810 Cezanne Drive Active | $865,000 List Price | 4 | 3 | 2,596 | $333 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2014, this property is only 10 years old and presents in excellent, move-in ready condition. The kitchen features modern dark cabinetry, light countertops, a large island, and stainless steel appliances, all appearing virtually new. Bathrooms are equally impressive with matching modern vanities, light countertops, large soaking tubs, and glass-enclosed showers. Throughout the home, upgraded flooring, recessed lighting, and custom built-ins contribute to a contemporary and high-quality aesthetic with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Construction & Design
Built in 2014, this is the largest model in 'The Gallery' community, featuring an open floor concept, upgraded kitchen with a large island, and stainless steel appliances.
- Exceptional Outdoor Living
The breathtaking backyard boasts spectacular mountain views, an in-ground pool and spa, a covered lanai with a fireplace, and a dedicated BBQ area, ideal for entertaining.
- Custom Upgrades & Features
The home includes a custom entertainment den with French doors, custom built-ins, upgraded closets and flooring, and a 3-car garage with additional storage.
CONSRISKS & DEFICIENCIES
- Leased Solar Panels
The property comes with a leased solar panel system until 2036, requiring the buyer to assume a monthly payment of $347.81, adding to recurring costs.
- Potential Overpricing
The current list price of $949,000 is 10% higher than the estimated property value of $844,819.415, suggesting it may be priced above market expectations.
- Monthly HOA Fees
An additional monthly association fee of $170.00 contributes to the overall cost of homeownership.
About 73680 Picasso Drive
Welcome Home to this beautiful community, The Gallery. Built in 2014, this largest model home offers 4 bedrooms with 3 bathrooms with almost 3000 sq.ft. of living space. A custom entertainment den with French doors, custom built-ins, upgraded closets and flooring. A breathtaking backyard with spectacular views of the mountains, in ground pool and spa perfect to enjoy with your friends and family. Entertain your guests on a covered lanai next to a fireplace and a BBQ area. Open floor concept, kitchen with a large island is open to family and dining room, stainless steel appliances and a walk-in pantry. Large primary suite with walk-in closets and primary bath. The home includes leased solar panels, lease is till 2036 with a monthly cost of $347.81 which would have to be assumed by the Buyer. 3 car garage with custom built-ins for extra storage. This amazing home is conveniently located for shopping, entertainment and fine dining. Listing agent and Seller to not guarantee any information. Buyer and Buyer's agent is advised to do their own due-diligence and verify all the information. All offers must be emailed with POF and pre-approval letter.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2014
- Lot Size
- 9,148 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $170.0 / Month
Neighborhood Insights
Palm Desert Unified Schools
Rancho Mirage Elementary School
Grades K-5 • 4.3 mi
Nellie N. Coffman Middle School
Grades 6-8 • 4.1 mi
Rancho Mirage High
Grades 9-12 • 3.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 79% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 2,982 | 1,931 | 91% |
| Lot Size | 9,148 | 6,534 | 82% |
| Price | $949.0K | $560.0K | 88% |
| Price per sq ft | $318 | $312 | 53% |
| Built year | 2014 | 2000 | 83% |
| HOA | $170.0 | $394 | 26% |
| Days on market | 690 | 165 | 0% |
Pricing History
No pricing history data available.