73955 Catalina Way, Palm Desert, California 92260, Palm Desert, 92260 - 4 bed, 3 bath
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Palm Desert, California 92260
This Renovated Mid-Century Estate is a High-Potential Investment Opportunity, listed at $1,130,000—positioned well below the $1,280,285 Fair Market Value by 11%. This valuation gap offers $150,285 in Instant Equity. Boasting an Excellent Condition Rating following a comprehensive 2021 renovation, the property features a four-car garage, paid solar, and panoramic mountain views on a massive half-acre lot. Located in the Desert Sands Unified district near El Paseo, this historic residence balances modern luxury with significant financial upside. It is ideal for Owner-Occupants or Car Enthusiasts.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 73955 Catalina Way Subject | $998,000* List Price | 4 | 3 | 1,800 | $519 | - |
A 74582 Fairway Drive Sold | $867,000 | 3 | 3 | 1,987 | $436 | 1.0 mi |
B 74576 Fairway Drive Active | $785,000 List Price | 2 | 2 | 1,480 | $530 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1950, the property underwent a comprehensive full renovation in 2021, placing it within the 5-year window for an 'excellent' rating. The renovation included a completely rebuilt kitchen with modern appliances, three new bathrooms, new flooring, windows, LED lighting, and updated electrical systems. Exterior upgrades like the new roof, solar panels, and professional landscaping further confirm that all components are virtually new with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17860, living area = 1800.
The property underwent a total transformation in 2021, including a new kitchen, three remodeled bathrooms, paid solar panels, a new roof, and updated energy-efficient windows and doors.
Rarely found in this area, the estate features a new 1,050 sqft four-car garage, a separate golf cart garage with a private entrance, and dedicated RV storage on nearly half an acre.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1800, other record living area = 1482. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
At 1,800 square feet for a four-bedroom home, the interior living areas may feel undersized compared to the expansive lot and the large footprint of the garage facilities.
Despite the extensive 2021 updates, the original 1950s core construction may present layout limitations or maintenance considerations typical of mid-century era homes.
PRICE REDUCTION OF $132,000!! A rare mid-century estate, formerly the residence of Donald P. Kennedy, renowned philanthropist and influential proprietor of First American Title Company. This estate offers the perfect blend of historic significance, luxury, and quintessential Palm Desert lifestyle. The four-bedroom, 3-bathroom estate is beautifully situated on nearly half an acre of meticulously manicured grounds, featuring a sparkling pool, expansive yard, a newer four-car garage perfect for a car enthusiast, and a separate 5th garage with its own private double-gated entrance. Panoramic, snow-capped views of the San Jacinto Mountains, including San Gorgonio, the Santa Rosa Mountains and the Little San Bernardino range, create a breathtaking backdrop. Ideally located within walking distance - or a short golf cart ride - to The Civic Center Park, College of the Desert, McCallum Theatre, and The Shops at El Paseo, often haled as the 'Rodeo Drive of the Desert. Experience the energy of Coachella Valley Firebirds hockey at nearby Acrisure Arena, also home to concerts featuring top-name artists. This property was built in 1950 and fully renovated in 2021 including: Interior - all new windows, window coverings, glass sliding doors, laminate and tile flooring, rebuilt new kitchen, rebuilt three bathrooms, interior paint throughout, LED lighting, ceiling fans, switches and receptacles. Exterior - new exterior paint, overhead electrical was placed underground, solar panels added and fully paid, added double set of exterior block walls, double set of locking gates added creating a secure front yard and separately secure back yard, Ring cameras added, newly built four car garage, RV storage yard, new oversized awnings in backyard patio, full landscaping in both front and backyards with expansive grass, mature trees, flowering plants, new pool coping, new stand-alone hot tub, and newly foamed roof. The two new garages are 1050 square feet total on San Jose Street. The approximate dimensions are as follow - Garage on Left: 24'7'W x 24'3"L x 9'H, Garage on Right: 22'3"W X 20'8"L X 9'H Both Garage Doors: 16'W X 8'H. The original garage (#5) on Catalina Way measures 11.5'W X 17'L X 7'H with electric closing garage door and additional storage closets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 60% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,800 | 2,279 | 28% |
| Lot Size | 17,860 | 10,019 | 87% |
| Price | $998.0K | $908.0K | 55% |
| Price per sq ft | $554 | $408 | 76% |
| Built year | 1950 | 1980 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 180 | 1% |
Apr 17, 2026
$998,000
$1,130,000
-12% Price Drop
Initial Listing
Apr 1, 2026
$1,130,000
Initial Listing
Feb 28, 2020
$335,000
Public Record