
Palm Desert, California 92260
This Renovated Mid-Century Modern with Casita is a High-Potential Investment Opportunity, listed at $925,000—positioned well below the $1,039,971 Fair Market Value by 11%. This valuation gap provides $114,971 in Instant Equity. Boasting a Condition Rating of 2, the residence features a 2025 designer kitchen, 32-panel solar system, and a sparkling pool with mountain views. The detached casita offers proven rental income potential just blocks from El Paseo. This is an elite acquisition for Owner-Occupants seeking a house-hack or Lifestyle-Driven Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 74225 Candlewood Street Subject | $850,000* List Price | 4 | 3 | 2,288 | $404 | - |
A 74100 El Cortez Way Sold | $1,008,000 | 5 | 5 | 2,521 | $400 | 0.6 mi |
B 46310 Burroweed Lane Sold | $650,000 | 2 | 2 | 1,896 | $343 | 0.8 mi |
C 44243 Silver Canyon Lane Sold | $950,000 | 4 | 2 | 2,078 | $457 | 0.7 mi |
D 74130 Chicory Street Sold | $825,000 | 3 | 2 | 1,722 | $479 | 0.1 mi |
E 46860 Amir Drive Sold | $1,080,000 | 3 | 3 | 2,251 | $480 | 1.0 mi |
F 44220 Grand Canyon Lane Sold | $800,000 | 3 | 3 | 2,453 | $326 | 0.7 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.
This 1964 property has been extensively renovated within the last 18 months, featuring a completely redone kitchen in 2025 with modern cabinetry and high-end finishes. The home boasts all-new remodeled bathrooms, new herringbone flooring throughout, upgraded electrical panels, a new HVAC compressor, and a 32-panel solar system. The interior and exterior show no signs of deferred maintenance, reflecting a high-quality, modern aesthetic that meets the criteria for a recently fully renovated property.
Situated just blocks from the El Paseo shopping and dining district, this property offers an unparalleled lifestyle with easy access to luxury amenities in South Palm Desert.
The detached casita features a private entrance, kitchenette, and a proven rental history, providing excellent versatility for guest housing or supplemental rental income.
Significant recent investments include a 2025 kitchen remodel, 32-panel solar system, updated electrical panel, and a new HVAC compressor, ensuring modern efficiency and reduced utility costs.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property was recently sold within the past year on 2025-05-23. The sold price is $775,000.00.
At approximately 6,098 square feet, the lot is relatively small for a four-bedroom residence with a pool and casita, which may limit expansive backyard space.
This El Paseo-adjacent property in South Palm Desert is a rare income-producing opportunity, with the standout detached casita that has proven it can significantly offset or even cover your monthly payment. This setup allows the home to be used as a Home Share, enabling you to secure an STR permit in Palm Desert. Perfect for investors or owners who want flexibility. Live in the main house full-time while renting the casita, use the property as your part-time desert retreat, just a week or two per month, and rent both units, or capitalize on the strong Airbnb demand in Palm Desert, where quality short-term rentals are hard to secure and often require owner occupancy. The casita has a private entrance and proven rental history that make it a valuable asset that drives home value in this desirable location. The ONE to see in South Palm Desert. A significant level of work and investment over the past 18 months sets this El Paseo adjacent property apart, where privacy, style, and income potential come together in a home that has been extensively improved throughout and beautifully dialed in. Ultra private and gated with mountain views and an iconic kidney shaped pool, this four bedroom layout includes a standout detached CASITA with a proven rental back story. Pride of ownership is felt throughout with a cohesive, modern finish. The main living areas flow beautifully with an updated fireplace and direct access to the poolside setting where outdoor living takes center stage. The kitchen, completely redone in 2025, anchors the home with clean lines and smart design, complemented by an adjacent laundry area. Bedroom separation works beautifully with all bathrooms remodeled. The primary ensuite opens to the pool with French doors framing mountain views, while the walk in closet has been elevated with custom built ins. On the opposite side of the home, guest bedrooms two and three are light and bright, with one currently styled as an office and positioned next to a full bath. The detached casita enjoys its own private entrance and patio access with a comfortable mix of living room, kitchenette, and sleeping area, ideal for guests, extended stays, or income producing use. Rooftop SOLAR with 32 panels is in place. Updated landscaping includes turf, new irrigation, and outdoor lighting. Notable additions and upgrades since mid 2025 include new flooring, all new lighting paired with an upgraded electrical panel, a modernist gate across the circular drive with epoxy finished driveway, privacy fencing with sliding gates, whole house interior paint, and a replaced HVAC compressor. El Paseo shopping and dining are just a few blocks away, putting the best of Palm Desert right at your fingertips.
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 | 2,288 | 2,297 | 50% |
| Lot Size | 6,098 | 10,018.5 | 18% |
| Price | $850.0K | $908.0K | 46% |
| Price per sq ft | $372 | $408 | 38% |
| Built year | 1964 | 1979 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 180 | 1% |
Apr 15, 2026
$850,000
$899,000
-5% Price Drop
Initial Listing
Apr 6, 2026
$899,000
$925,000
-3% Price Drop
Initial Listing
Mar 24, 2026
$925,000
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