73850 Fairway Drive 296, Palm Desert, California 92260, Palm Desert, 92260 - 0 bed, 1 bath
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73850 Fairway Drive 296
Palm Desert, California 92260
ACTIVE
CONDITION: GOOD
0Beds
1Baths
640Sq Ft
871Lot Size
Property Price
LIST PRICE$275,000
EST. MARKET VALUE
$279,103
SUMMARY
This Turnkey Desert Retreat is a Strong Value Opportunity, listed at $275,000—positioned well below the $279,104 Fair Market Value by 1%. This property offers $4,104 in Instant Equity. Featuring a Remodeled Interior with Granite Countertops, the unit maintains a Condition Rating of 3, ensuring a move-in ready experience. With Mountain and Creek Views, access to Resort Pools and Spas, and inclusive HOA utilities, this is an ideal asset for Buy-and-Hold Investors or Seasonal Residents seeking a low-maintenance, income-producing desert base.
Estimated Market Value
$279,103
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 296 Subject 0 bd · 1 ba · 640 sqft · $436 | $275,000* List Price | 0 | 1 | 640 | $436 | - |
A 73165 Tumbleweed Lane 4 Sold 1 bd · 1 ba · 621 sqft · $439 · 0.6 mi | $272,500 | 1 | 1 | 621 | $439 | 0.6 mi |
B 73850 Fairway Drive 190 Active 0 bd · 1 ba · 640 sqft · $420 · 0.0 mi | $269,000 List Price | 0 | 1 | 640 | $420 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1969, the property features a remodeled interior with granite countertops and updated flooring. It is well-maintained, offered turnkey, and move-in ready, consistent with a 5-15 year renovation cycle.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the heart of South Palm Desert near El Paseo, the property offers immediate access to world-class dining, luxury shopping, and galleries, making it a highly desirable destination.
- Turnkey & Remodeled
Offered fully furnished and recently remodeled, this creekside studio provides a hassle-free, move-in ready experience for seasonal residents or immediate rental income potential.
- Inclusive HOA Utilities
The association fee covers all essential utilities, including electricity, water, cable TV, and internet, providing significant convenience and simplified budgeting for owners.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 650.
- High Monthly Carrying Costs
The monthly HOA fee of $2,068 is exceptionally high for a 640-square-foot studio, which may impact the property's overall investment yield and appeal to budget-conscious buyers.
- Limited Living Space
As a studio unit, the lack of a separate bedroom may limit long-term residency appeal and restrict the potential tenant pool to individuals or short-term vacationers.
About 73850 Fairway Drive 296
A rare creekside desert retreat at the Historic Shadow Mountain Resort, Unit 296 offers charm, comfort, and income potential in the heart of South Palm Desert. This larger upper-level studio lives beautifully, with an open layout, generous living space, and a private balcony overlooking the peaceful creek with mountain views. Offered fully furnished and turnkey, this inviting property is ready for immediate enjoyment as a weekend escape, seasonal residence, full-time home, or income-producing asset. The remodeled interior lives comfortably with easy flow, inviting natural light, and a layout that feels both functional and relaxed. Shadow Mountain Resort is a gated community known for lush grounds, a classic resort setting, and a prime location near El Paseo, the Rodeo Drive of the Coachella Valley, dining, shopping, galleries, golf, and hiking. HOA coverage includes all utilities, cable TV, and internet, creating exceptional convenience and value. Owners enjoy community pools, spa areas, guest parking, assigned covered parking, and additional resort membership options for pickleball, tennis, fitness, pool, spa, and more. Creekside ambiance, upper-level privacy, and a sought-after Palm Desert address make this a coveted lock-and-leave desert base or rental asset.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1969
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $2068.0 / Month
Neighborhood Insights
Palm Desert Unified Schools
Palm Desert High School
Grades 9-12 • 1.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 640 | 1,495.459 |
| Lot Size | 871 | 2,698.484 |
| Price | $275.0K | $456.9K |
| Price per sq ft | $430 | $309 |
| Built year | 1969 | 1984 |
| HOA | $2068.0 | $813 |
| Days on market | 12 | 88 |
Pricing History
Listed for Sale
Oct 13, 2026
$275,000
Initial Listing
Sold
May 27, 2022
$250,000
Public Record
Sold
Dec 30, 2009
$480,000
Public Record