73850 Fairway Drive 232, Palm Desert, California 92260, Palm Desert, 92260 - 1 bed, 1 bath
ACTIVE$249,000
73850 Fairway Drive 232, Palm Desert, California 92260
1Bed
1Bath
423Sqft
436Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Legal Short-Term Rental & Management: The property is one of the few legal short-term vacation rental units in the valley, complemented by convenient onsite management for a hassle-free investment.
Top Cons:
Compact Unit Size: With only 423 sqft, 1 bedroom, and 1 bathroom, the unit offers limited living space, potentially restricting its appeal to single occupants or couples.
Compared to the nearby listings
Price:$249.0K vs avg $490.0K ($-241,000)5%
Size:423 sqft vs avg 1,584 sqft1%
Price/sqft:$589 vs avg $32198%
More Insights
Built in 1966 (59 years old).
Condition: Despite the 1966 build year, the listing explicitly states the unit has been 'completely remodeled' with 'all new appliances.' The images confirm a very recent and high-quality renovation, showcasing a modern kitchenette with new appliances and stylish backsplash, contemporary light fixtures, clean flooring, and an updated mini-split AC system. The interior presents as virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1966
Close
-
List price
$249K
Original List price
$255K
Price/Sqft
$589
HOA
$660
Days on market
-
Sold On
-
MLS number
219138288DA
Home ConditionExcellent
Features
Good View: Desert, Park/Greenbelt, Mountain(s), Panoramic, Trees/Woods
Deck
ViewDesert, Park/Greenbelt, Mountain(s), Panoramic, Trees/Woods
About this home
Buy one of the only legal short term vacation rental units in the valley. Too busy to rent yourself? Relax and enjoy while an onsite rental agency handles everything from A-Z. Monthly HOA includes ALL utilities so no surprise bills, just like a hotel.Besides this HUGE perk, this unit has been completely remodeled, boasts all new appliances and is only steps from famous El Paseo Drive. Walk 10 minutes to too many restaurants, bars and high-end shops to list. Shadow Mountain Resort has one of the oldest and most iconic ''Hollywood'' pools in the desert. Not to leave out mention of the tennis courts, pickleball courts, Padel and a rare public, pay per use golf course are right out your door.Very easy to tour with door code. Seller is a licensed agent.
Nearby schools
7/10
Palm Desert High School
Public,•9-12•1.6mi
Condition Rating
Excellent
Despite the 1966 build year, the listing explicitly states the unit has been 'completely remodeled' with 'all new appliances.' The images confirm a very recent and high-quality renovation, showcasing a modern kitchenette with new appliances and stylish backsplash, contemporary light fixtures, clean flooring, and an updated mini-split AC system. The interior presents as virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
Legal Short-Term Rental & Management: The property is one of the few legal short-term vacation rental units in the valley, complemented by convenient onsite management for a hassle-free investment.
Prime Walkable Location: Located just steps from the famous El Paseo Drive, offering easy walking access to numerous restaurants, bars, and high-end shops.
Extensive Resort Amenities: Residents and guests have access to iconic resort features including a 'Hollywood' pool, tennis, pickleball, Padel courts, and a public, pay-per-use golf course.
All-Inclusive HOA: The monthly HOA fee covers all utilities, providing predictable expenses and a hotel-like experience for owners and guests.
Recently Remodeled Interior: The unit has been completely remodeled with all new appliances, offering a modern and turnkey living space.
Cons
Compact Unit Size: With only 423 sqft, 1 bedroom, and 1 bathroom, the unit offers limited living space, potentially restricting its appeal to single occupants or couples.
High Monthly HOA Fee: The $660 monthly HOA fee, despite including utilities, is substantial for a unit of this size, impacting overall ownership costs and potential rental yield.
Age of Building: Built in 1966, the building is older, which could imply potential for future maintenance issues in common areas or infrastructure, despite the unit's interior remodel.