73850 Fairway Drive 115, Palm Desert, California 92260, Palm Desert, 92260 - 1 bed, 1 bath
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73850 Fairway Drive 115
Palm Desert, California 92260
ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
432Sq Ft
543Lot Size
Property Price
LIST PRICE$249,000
EST. MARKET VALUE
$239,696
3% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at $249,000, positioned slightly above the $239,697 Fair Market Value. As a turnkey condominium with a Mint Condition Rating, this unit features a complete 2026 renovation, including a new kitchen, bath, and A/C. Located in the Shadow Mountain Resort, it offers a rare short-term rental allowance with no minimum stay, making it a prime Asset for Buy-and-Hold Investors or seasonal vacationers seeking immediate income potential near the world-class dining and shopping of El Paseo.
Estimated Market Value
$239,696
Based on Realkey algorithm analyzing recent comparable sales in Palm Desert.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 73850 Fairway Drive 115 Subject 1 bd · 1 ba · 432 sqft · $555 | $249,000* List Price | 1 | 1 | 432 | $555 | - |
A 73850 203 Fairway Drive 203 Active 0 bd · 1 ba · 440 sqft · $500 · 0.0 mi | $219,999 List Price | 0 | 1 | 440 | $500 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property was completely gutted and beautifully remodeled in 2026, featuring a brand-new kitchen, bathroom, flooring, and a newly installed A/C system. It is in mint, turnkey condition with a renovation less than 5 years old.
PROSSTRENGTHS & OPPORTUNITIES
- Complete Modern Renovation
The unit has been fully gutted and rebuilt with new flooring, kitchen, bathroom, and a brand-new A/C system, offering a truly turnkey, maintenance-free experience for the next owner.
- Prime South Palm Desert Location
Situated just one block from the world-class dining and luxury shopping of El Paseo, this property boasts one of the most desirable and walkable locations in the Coachella Valley.
- High Investment Potential
Located in Shadow Mountain Resort, this is one of the few communities allowing short-term rentals with no minimum stay, providing a rare opportunity for significant rental income.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 432, other record living area = 503.
- Compact Living Space
At only 432 square feet, the unit's small footprint may limit its appeal to full-time residents or buyers looking for more spacious accommodations.
- High Monthly Carrying Costs
The association fee of $673 per month is relatively high for a studio-sized unit, which could impact the net return on investment for potential landlords.
About 73850 Fairway Drive 115
Beautifully remodeled, turnkey Desert Escape located in the heart of South Palm Desert! This unit was completely gutted and rebuilt with new flooring, kitchen, bathroom, lighting and finishes, plus a new sliding glass door and brand-new A/C installed in January 2026. Not an inch was left untouched, creating a fresh, comfortable retreat with little left to do but unpack and relax!For the savvy investor, Shadow Mountain Resort is one of the select Palm Desert communities that allows short-term rentals with no minimum stay, offering an appealing opportunity to enjoy your own desert getaway while generating potential rental income when you're away.HOA includes grounds, building maintenance, roving security guards, use of HOA pools plus high-speed WIFI and ALL utilities including electricity.Location is everything. Shadow Mountain Resort is just a block from El Paseo's world-class dining, shopping and art galleries, putting the best of South Palm Desert right outside your door.Whether you're looking for a weekend retreat, seasonal escape or investment property, this unit delivers the best of Palm Desert living in a prime location. Schedule your private showing today and come see this rare gem for yourself!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1966
- Lot Size
- 543 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $673.0 / Month
Neighborhood Insights
Palm Desert Unified Schools
Palm Desert High School
Grades 9-12 • 1.6 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 432 | 1,495.459 |
| Lot Size | 543 | 2,698.484 |
| Price | $249.0K | $456.9K |
| Price per sq ft | $576 | $309 |
| Built year | 1966 | 1984 |
| HOA | $673.0 | $813 |
| Days on market | 30 | 88 |
Pricing History
Listed for Sale
Sep 25, 2026
$249,000
Initial Listing
Sold
Feb 11, 2025
$210,000
Public Record
Sold
Oct 14, 2021
$205,000
Public Record
Sold
Oct 20, 2020
$159,000
Public Record
Sold
Dec 7, 2018
$130,000
Public Record
Sold
Apr 16, 2013
$60,000
Public Record