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 $295,343 Fair Market Value by 8%. This valuation gap offers $26,343 in Instant Equity. Featuring a 2021 Renovation and an Excellent Condition Rating, this studio includes a high-end kitchen and a tranquil Creek/Stream View. Located in the gated Shadow Mountain Resort, it offers a sophisticated lifestyle near El Paseo. This is an ideal acquisition for Buy-and-Hold Investors or seasonal residents seeking a move-in-ready 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 | $461 | - |
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 | $265,000 List Price | 0 | 1 | 640 | $414 | 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 threshold for an excellent rating. It features a high-end modern kitchen with a unique glass island and suspended convection oven, updated flooring, and a sophisticated aesthetic that requires no maintenance.
Ideally situated in South Palm Desert within walking distance to El Paseo's world-class shopping, galleries, and dining, offering high desirability for both owners and renters.
The property features a sophisticated 2021 remodel with high-end architectural details, including a striking glass island and suspended convection oven, providing a move-in-ready aesthetic.
Tucked alongside a calming stream, this unit offers a rare and tranquil park-like view with seamless indoor/outdoor living through sliding glass doors.
The association fee of $2,068 is exceptionally high for a 640-square-foot studio, which significantly impacts the monthly carrying costs and overall investment yield.
As a studio unit built in 1969, the compact 640-square-foot layout lacks a private bedroom, which may limit its appeal for long-term residency or larger households.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 1% |
| Baths | 1.0 | 2.0 | 4% |
| Square foot | 640 | 1,548 | 2% |
| Lot Size | - | 2,613 | 19% |
| Price | $269.0K | $499.0K | 3% |
| Price per sq ft | $420 | $335 | 74% |
| Built year | 1969 | 1979 | 12% |
| HOA | $2068.0 | $764 | 98% |
| Days on market | 10 | 157 | 1% |
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