74225 Candlewood Street, Palm Desert, California 92260, Palm Desert, 92260 - 4 bed, 3 bath
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Palm Desert, California 92260
This Strong Value Opportunity is a Turnkey Short-Term Rental Asset, listed at $820,000—positioned well below the $864,266 Fair Market Value by 5%. This valuation gap provides $44,266 in Instant Equity. Featuring a Mint Condition Rating, the home includes a permitted garage-to-casita conversion, a private pool, and a descanso deck. With its prime location near El Paseo, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-performing, fully renovated desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 74225 Candlewood Street Subject | $820,000* List Price | 4 | 3 | 2,288 | $378 | - |
A 74100 El Cortez Way Sold | $1,008,000 | 5 | 5 | 2,521 | $400 | 0.6 mi |
B 74614 Yucca Tree Drive Sold | $845,000 | 3 | 2 | 1,850 | $457 | 0.4 mi |
C 46310 Burroweed Lane Sold | $650,000 | 2 | 2 | 1,896 | $343 | 0.8 mi |
D 44243 Silver Canyon Lane Sold | $950,000 | 4 | 2 | 2,078 | $457 | 0.7 mi |
E 44841 San Jacinto Avenue Sold | $640,000 | 3 | 3 | 1,680 | $381 | 0.5 mi |
F 44715 Monaco Circle Sold | $585,000 | 3 | 2 | 1,584 | $369 | 0.6 mi |
G 44251 Russell Lane Active | $950,000 List Price | 4 | 3 | 2,100 | $452 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1964, the property has undergone a comprehensive high-end renovation within the last 5 years. The kitchen features modern two-tone cabinetry, stone backsplashes, and stainless steel appliances. Bathrooms are fully updated with contemporary subway tile and fixtures. The home features new herringbone flooring, updated lighting, and modern HVAC mini-split systems, meeting the criteria for mint condition with no maintenance required.
Located just blocks from the luxury shopping and dining of El Paseo, this property is uniquely positioned as a turnkey, fully furnished short-term rental in a high-demand Palm Desert area.
The home is fully renovated and includes a permitted garage-to-casita conversion, providing four bedrooms and three bathrooms that offer versatility for guests or rental income.
Featuring a classic Palm Springs vibe with a gated horseshoe driveway, mountain views, and a private pool area with a 'descanso deck,' the property offers significant architectural appeal.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property comes with a solar lease that must be assumed by the buyer, which may be less desirable than an owned system and adds a fixed monthly expense.
At 6,098 square feet, the lot is relatively compact for a four-bedroom home with a pool and casita, which may limit additional outdoor expansion or privacy.
Fully Renovated, Fully Furnished, and currently operating as a Short Term Rental property. Yes you read that right, this home is setup to allow an owner to short term rent throughout the year, in Palm Desert, just a few blocks away from El Paseo's shopping and dining. This stunning home has 4 bedrooms and 3 full bathrooms, amongst which is a permitted garage conversion to Casita, beautifully designed and decorated; perfect for family, friends and guests in town. Soak up the sun in the ample-sized back patio and pool area, then take a nap in the shaded ''descanso deck'', all with slider access to the primary suite and Casita, both of which have en suite bathrooms. The privately gated horseshoe driveway sets you up for a mid-century modern vibe immediately upon arrival, and that feeling is only further validated when you see the front door. Classic Palm Springs! There is a solar lease on the home. Do not wait to get this incredible value on a fully renovated home, turnkey, just blocks away from El Paseo in South Palm Desert.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,288 | 2,040 |
| Lot Size | 6,098 | 7,405 |
| Price | $820.0K | $634.5K |
| Price per sq ft | $358 | $325 |
| Built year | 1964 | 1994 |
| HOA | $0 | $398 |
| Days on market | 6 | 74 |
Jul 16, 2026
$820,000
Initial Listing
May 23, 2025
$775,000
Public Record
Dec 13, 2021
$615,000
Public Record
Jul 14, 2020
$400,000
Public Record
Jul 15, 2019
$510,000
Public Record
Nov 30, 2016
$427,500
Public Record