74119 Academy Lane E, Palm Desert, California 92211, Palm Desert, 92211 - 3 bed, 2 bath

74119 Academy Lane E, Palm Desert, California 92211 home-pic-0
ACTIVE$699,900
74119 Academy Lane E, Palm Desert, California 92211
3Beds
2Baths
2,275Sqft
10,019Lot
Year Built
2003
Close
-
List price
$700K
Original List price
$735K
Price/Sqft
$308
HOA
-
Days on market
-
Sold On
-
MLS number
SW25070828
Home ConditionGood
Features
Good View: Pool
Pool
Spa
Patio
ViewPool

About this home

Possibly Over-Priced:The estimated price is 14% below the list price. We found 3 Cons,6 Pros. Rank: price - $699.9K(76th), sqft - 2275(72th), beds - 3(50th), baths - 2(50th).

Welcome home to this stunning South-facing pool property in prestigious Palm Desert! Located just minutes from the exciting new Cotino development and only an 8-minute drive to Desert Willow renowned public golf course, this beautifully maintained home offers no HOA dues and an unbeatable location. Inside, you'll find a spacious, seamless floor plan with generously sized bedrooms, brand-new carpeting, and thoughtful upgrades throughout. A whole-house central swamp cooler and extra insulation in both the home and garage ensure year-round comfort even during the hottest summer days. The three-car garage provides ample storage, and there's additional space on the side of the home to park a small RV, trailer, or work truck, a rare and valuable feature. Step outside to enjoy the recently acid-washed pool with a new pool pump and relaxing waterfall spa. The oversized lot is perfect for entertaining, complete with peekaboo mountain views and a remote-controlled retractable awning for added shade. The kitchen is well-appointed with generous prep space and includes a brand-new dishwasher, along with a new washer and dryer in the laundry room for added convenience. With proximity to shopping, dining, and the Acrisure Arena, you'll enjoy everything the desert lifestyle has to offer in this wonderful Palm Desert retreat.

Condition Rating
Good

The property, built in 2003, is well-maintained and move-in ready with no immediate renovations required. It features brand-new carpeting, a new dishwasher, and new washer/dryer, along with a recently serviced pool and new pump. While the kitchen and bathroom styles (light wood cabinets, tile countertops, white appliances) are dated, they are clean, functional, and in good condition, not requiring immediate repairs. The home also benefits from a whole-house central swamp cooler and extra insulation for comfort.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 2275.
Desirable Location & No HOA: Prime Palm Desert location with proximity to new developments (Cotino), renowned golf courses (Desert Willow), shopping, dining, and entertainment (Acrisure Arena), all without the burden of HOA dues.
Private Pool & Spa with Views: Features a south-facing pool and waterfall spa, recently serviced with a new pump, set on an oversized lot perfect for entertaining, complemented by peekaboo mountain views.
Recent Upgrades & Appliances: The home boasts brand-new carpeting, thoughtful upgrades throughout, a new dishwasher, and new washer/dryer, indicating good maintenance and readiness for move-in.
Enhanced Comfort & Efficiency: Equipped with a whole-house central swamp cooler and extra insulation in the home and garage, ensuring year-round comfort and energy efficiency in the desert climate.
Generous Parking & Storage: Offers a spacious three-car garage for ample storage, plus a valuable side yard space suitable for parking a small RV, trailer, or work truck.

Cons

Potential Overpricing: The current list price of $699,900 is notably higher than the estimated property value of approximately $598,880, suggesting it may be overpriced compared to market analytics.
Recent Price Reduction: The property has already undergone a price reduction from its original list price of $734,900, which could signal a lack of buyer interest at previous price points or an initial overvaluation.
Swamp Cooler Preference: While efficient, the whole-house central swamp cooler might not appeal to all buyers who may prefer traditional refrigerated central air conditioning, especially in Palm Desert's extreme heat.

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