73850 Fairway Drive 190, Palm Desert, California 92260, Palm Desert, 92260 - 0 bed, 1 bath
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Palm Desert, California 92260
This Turnkey Condominium represents a Strong Value Opportunity, listed at $269,000—positioned well below the $301,055 Fair Market Value by 10%. This valuation gap offers $32,055 in Instant Equity. Featuring a 2021 Renovation and an Excellent Condition Rating, this studio includes a unique glass island and tranquil stream views. With all-inclusive HOA utilities and proximity to El Paseo, this property is an ideal acquisition for Buy-and-Hold Investors or seasonal owner-occupants seeking a sophisticated, low-maintenance desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 73850 Fairway Drive 190 Subject | $269,000* List Price | 0 | 1 | 640 | $470 | - |
A 73850 Fairway Drive 225 Sold | $269,000 | 0 | 1 | 571 | $471 | 0.0 mi |
B 73165 Tumbleweed Lane 4 Sold | $272,500 | 1 | 1 | 621 | $439 | 0.7 mi |
C 73850 Fairway Drive 39 Sold | $220,000 | 0 | 1 | 423 | $520 | 0.1 mi |
D 73850 Fairway Drive 296 Active | $249,000 List Price | 0 | 1 | 640 | $389 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property was completely renovated in 2021, which is within the 5-year window for an excellent rating. The kitchen and bathroom feature high-end modern finishes, including a unique glass island and suspended convection oven, and the overall condition is mint with no maintenance required.
Situated in South Palm Desert, the property is within walking distance to the luxury shopping and dining of El Paseo, offering a high-end lifestyle and strong rental appeal.
This studio features a sophisticated 2021 remodel with high-end finishes, including a striking glass island and a unique suspended convection oven, providing a move-in-ready aesthetic.
The HOA dues conveniently cover all utility costs, offering a simplified 'lock-and-leave' experience for seasonal residents or vacation rental owners.
At $2,068 per month, the association fees are significantly high for a studio unit, which may deter budget-conscious buyers and impact overall investment yields.
With only 640 square feet and no separate bedroom, the living space is limited, potentially restricting the property's appeal to a narrower demographic of single occupants or short-term travelers.
Tucked alongside a calming stream in Historic Shadow Mountain Resort, this beautifully reimagined creekside pied-a-terre is now available just moments from El Paseo. Renovated in 2021 with exceptional attention to design and functionality, this stunning studio home offers a sophisticated modern aesthetic with seamless indoor/outdoor living. The striking glass island serves as both the centerpiece of the kitchen and dining area, while the creatively suspended convection oven adds a unique architectural element. Sliding glass doors open to a tranquil patio overlooking the stream, creating an inviting retreat perfect for relaxing or entertaining.Ideally located in South Palm Desert, Shadow Mountain Resort places you within walking distance of El Paseo's renowned shopping, galleries, and dining, while also providing convenient access to hiking trails and Acrisure Arena, home of the Firebirds and the Lakers G League team; as well as a variety of concerts. Community amenities include pools, spas, assigned parking, guest parking, and the security of a gated community. Optional memberships are available at a remarkably low annual fee for access to the iconic Figure-Eight Pool, designed by noted landscape architect Tommy Tomson, along with pickleball, tennis, fitness facilities, and more. The resort has also added a Padel court, offering one of the fastest-growing racket sports blending elements of tennis and squash. Whether you are seeking the perfect lock-and-leave desert getaway, a stylish seasonal retreat, or an income-producing rental opportunity, this ideally located studio home offers an exceptional Palm Desert lifestyle. Here is where your utilities are paid through your HOA dues!!!
No exterior & parking available.
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 640 | 1,548 |
| Lot Size | - | 2,178 |
| Price | $269.0K | $473.9K |
| Price per sq ft | $420 | $321 |
| Built year | 1969 | 1983 |
| HOA | $2068.0 | $800 |
| Days on market | 55 | 69 |
May 28, 2026
$269,000
Initial Listing
Apr 30, 2009
$78,000
Public Record
Jul 3, 2003
$76,500
Public Record
May 25, 1995
$49,000
Public Record