74300 Velardo Drive, Palm Desert, California 92260, Palm Desert, 92260 - 4 bed, 2 bath

74300 Velardo Drive, Palm Desert, California 92260 home-pic-0

74300 Velardo Drive

Palm Desert, California 92260

ACTIVE
CONDITION: GOOD
4Beds
2Baths
2,306Sq Ft
10,019Lot Size

Property Price

LIST PRICE$699,900
EST. MARKET VALUE
$745,865
6% BelowMARKET VALUE

SUMMARY

Analysis of 74300 Velardo Drive, Palm Desert, California 92260 reveals a Prime Investment Opportunity with a current list price of $699,900—significantly undercutting the $745,865 Fair Market Value by 6%. This valuation gap indicates a +$45,965 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Palm Desert Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$745,865 +$45,965 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Palm Desert.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
74300 Velardo Drive
Subject
$699,900*
List Price
422,306$323-
A
74183 Aster Drive
Sold
$550,000431,750$3140.1 mi
B
43412 Amaryllis Way
Sold
$759,000452,183$3480.5 mi
C
73828 Krug Avenue
Sold
$540,000421,813$2980.5 mi
D
44220 Grand Canyon Lane
Sold
$800,000332,453$3260.2 mi
E
74560 Moss Rose Drive
Sold
$729,000431,868$3900.3 mi
F
44476 Hazel Canyon Lane
Active
$855,000
List Price
442,620$3260.3 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

Despite being built in 1964, this property has undergone significant and thoughtful updates, making it move-in ready. The kitchen features updated stainless steel appliances, solid surface countertops, and well-maintained traditional wood cabinetry. The bathrooms boast 'newly remodeled showers' with modern tiling and fixtures, indicating recent and substantial improvements. Durable tile flooring is present throughout, and the addition of solar panels enhances energy efficiency. While the core infrastructure's age is a consideration, the visible areas, especially the kitchen and bathrooms, are in good condition and do not require immediate renovation.

PROSSTRENGTHS & OPPORTUNITIES

  • 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 = 2306.

  • Exceptional Outdoor Living & Entertainment

    The property boasts a sparkling pool and spa, a covered patio, and smart, water-efficient landscaping, creating a highly desirable and functional outdoor oasis perfect for the Palm Desert lifestyle.

  • Modern Energy Efficiency

    Equipped with solar panels, the home offers significant long-term cost savings on utilities and a reduced environmental footprint, appealing to eco-conscious buyers.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10019, other record lot size in square feet = 9583. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.

  • Age of Core Infrastructure

    While cosmetic and energy upgrades are highlighted, the property's 1964 build year suggests that core systems (e.g., plumbing, electrical, main HVAC unit) may be original or older, potentially requiring future maintenance or replacement.

  • Absence of Specific HVAC System Details

    In a desert climate like Palm Desert, the lack of explicit mention of a modern, efficient air conditioning system (beyond general 'modern convenience') could be a concern for buyers prioritizing climate control and energy efficiency for cooling.

About 74300 Velardo Drive

You aren’t interested in this home because it checks all the boxes. Yes, it's perfectly priced with four bedrooms, two bathrooms, solar panels, and a three-car garage finished with storage that could make anyone envious. But that’s not why you’re drawn to it. You’re interested because this home feels like an embrace—warm, textured, and rooted in something deeper than square footage or features. Step inside and the Spanish charm immediately sets the tone. Tile floors cool beneath your feet, archways framing spaces where life naturally unfolds. The dining room is wide and soaring, with plantation shutters that filter the light just so, as if reminding you to slow down and notice the details. Every corner whispers of care, of thoughtful upgrades layered year after year by owners who loved this place enough to nurture it. The primary suite isn’t just a bedroom—it’s a retreat. A walk-in closet with a custom organization system stands ready for the life you’re already envisioning. Both bathrooms gleam with newly remodeled showers, spaces that feel modern yet timeless, a balance struck perfectly. But it’s when you slide open one of the many doors to the backyard that you understand. This isn’t just property; it’s possibility. The sparkling pool and spa invite both laughter and quiet reflection. The covered patio begs for long summer dinners and morning coffee rituals. The landscaping, smart and water-efficient, frames it all without demanding too much of your time—leaving you free to live. This home is a rare mix: old-world Spanish character blended seamlessly with modern convenience and energy efficiency. A house that doesn’t just stand still—it gives back, with solar panels quietly working in the background, lowering bills and lessening your footprint. You don’t come here for the noise of the world. You come here to create your own. To gather. To rest. To celebrate. This is more than a house in Palm Desert. This is a retreat, a sanctuary, and perhaps, the next chapter of your story.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1964
Lot Size
10,019 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
57%
Baths2.03.0
32%
Square foot2,3062,306
50%
Lot Size10,01910,019
50%
Price$699.9K$867.0K
34%
Price per sq ft$304$390
13%
Built year19641983
23%
HOA$0$0
50%
Days on market95161
17%

Pricing History

Listed for Sale

Dec 3, 2025

$699,900

Initial Listing

Sold

Jun 24, 2016

$395,000

Public Record

Sold

May 26, 2010

$215,000

Public Record

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