74360 Fairway Drive, Palm Desert, California 92260, Palm Desert, 92260 - 3 bed, 2 bath
74360 Fairway Drive
Palm Desert, California 92260
Property Price
SUMMARY
Analysis of 74360 Fairway Drive, Palm Desert, California 92260 reveals a Prime Investment Opportunity with a current list price of $597,000—significantly undercutting the $615,893 Fair Market Value by 3%. This valuation gap indicates a +$18,893 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 74360 Fairway Drive Subject | $597,000* List Price | 3 | 2 | 1,508 | $408 | - |
A 44734 San Jose Avenue Sold | $510,000 | 3 | 2 | 1,456 | $350 | 0.7 mi |
B 74596 Pepper Tree Drive Sold | $775,000 | 3 | 2 | 1,518 | $511 | 0.3 mi |
C 74450 Peppergrass Street Sold | $495,250 | 3 | 2 | 1,408 | $352 | 0.1 mi |
D 74563 Driftwood Drive Sold | $456,000 | 3 | 2 | 1,400 | $326 | 0.3 mi |
E 74160 Chicory Street Sold | $500,000 | 3 | 2 | 1,600 | $313 | 0.2 mi |
F 74345 Fairway Pending | $575,000 List Price | 3 | 2 | 1,447 | $397 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1999, this property is well-maintained and move-in ready but retains most of its original features. The kitchen and bathrooms are functional but outdated, featuring 1990s-style white tile countertops, older white appliances, and fluorescent box lighting. While the home is clean and includes upgrades like owned solar, the interior finishes and fixtures show their age and lack the modern renovations expected for a higher rating.
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 = 7840, living area = 1508.
- Prime Location
Situated in the highly desirable South Palm Desert area, the property offers exceptional proximity to upscale dining, boutique shopping on El Paseo, and world-class attractions like the Indian Wells Tennis Garden.
- Financial Efficiency
The home features owned solar panels and has no HOA fees, providing significant long-term monthly savings and greater homeowner autonomy compared to surrounding gated communities.
CONSRISKS & DEFICIENCIES
- Compact Living Area
At 1,508 square feet, the interior living space is relatively modest for a three-bedroom home, which may feel restrictive for buyers accustomed to larger desert estates.
- Potential for Modernization
Built in 1999, the property may require cosmetic updates or contemporary renovations to fully compete with the modernized luxury standards of the South Palm Desert market.
About 74360 Fairway Drive
LOCATION, LOCATION, LOCATION! Welcome to this custom one story, 3-bedroom, 2-bathrooms with a spacious 3 car garage, POOL, including solar panels that are owned and NO HOA! Located in the desirable and highly sought after South Palm Desert area, which is renowned for its luxurious atmosphere, offering an array of upscale amenities that cater to a refined lifestyle. Explore the nearby Indian Wells, home to world-class attractions such as the Indian Wells Tennis Garden, where you can catch exciting matches and enjoy various tennis-related activities. Indulge in fine dining and high-end restaurants and take advantage of boutique shopping options along El Paseo, the 'Rodeo Drive of the Desert.' With its proximity to scenic hiking trails, golf courses, and cultural experiences, this home offers the perfect blend of comfort, luxury and outdoor adventures. Don't miss the opportunity to own a piece of paradise in this prestigious location, where upscale living meets the beauty of the desert! This home is ideal for anyone seeking a serene desert lifestyle, whether you're raising a family or enjoying retirement you will absolutely love this home and this stunning area!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1999
- Lot Size
- 7,840 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 32% |
| Square foot | 1,508 | 2,252 | 23% |
| Lot Size | 7,840 | 10,018 | 27% |
| Price | $597.0K | $867.0K | 28% |
| Price per sq ft | $396 | $390 | 50% |
| Built year | 1999 | 1983 | 77% |
| HOA | $0 | $0 | 50% |
| Days on market | 53 | 160 | 5% |
Pricing History
Listed for Sale
Jan 13, 2026
$597,000
Initial Listing
Sold
Jun 2, 1999
$160,000
Public Record