74576 Fairway Drive, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
ACTIVE$785,000
74576 Fairway Drive, Palm Desert, California 92260
2Beds
2Baths
1,480Sqft
11,325Lot
Price Vs. Estimate
The estimated value ($749,705.755) is $35,294.245 (4%) lower than the list price ($785,000). This property may be overpriced.
Key pros and cons
Top 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 = 11325, living area = 1480.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2024-12-20. The sold price is $703,500.00.
Compared to the nearby listings
Price:$785.0K vs avg $822.5K ($-37,500)48%
Size:1,480 sqft vs avg 2,153.5 sqft18%
Price/sqft:$530 vs avg $37382%
More Insights
Built in 1962 (63 years old).
Condition: Despite being built in 1962, this property has undergone extensive and high-quality renovations, particularly in the kitchen and bathrooms. The kitchen features modern flat-panel cabinetry, Quartz countertops, high-end GE Cafe appliances, and sleek tile backsplash. Bathrooms are updated with Quartz countertops, modern vanities, and tiled showers with contemporary fixtures. Sleek porcelain tile flooring is present throughout, and lighting fixtures are modern. The overall aesthetic is a well-executed blend of mid-century charm and contemporary luxury, indicating that all key components are virtually new and meet current quality standards.
Year Built
1962
Close
-
List price
$785K
Original List price
$785K
Price/Sqft
$530
HOA
$500
Days on market
-
Sold On
-
MLS number
219138022DA
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Peek-A-Boo, Pool
Pool
Patio
ViewPark/Greenbelt, Peek-A-Boo, Pool
About this home
Classic 1960's Mid Century Gem in a Park-Like Setting. A private courtyard opens to a double door foyer with original Terrazzo. Views of lush, beautifully maintained grounds and a sparkling pool are captured through floor-to-ceiling sliding glass patio doors. The remodeled kitchen is Modern and Sleek featuring Quartz Countertops, Newport Brass fixtures and GE Cafe Appliances. An open living area features a fireplace and dining area with built-in buffet cabinet and Vintage dry bar. The Primary BR opens to an enclosed patio. Sleek porcelain tile throughout. Updated bathrooms feature Quartz countertops and tiled showers. This is one of four residences within a private enclave. Offered Turnkey Furnished. Simplicity and relaxation is key.
Price History
Date
Event
Price
12/20/24
Sold
$703,500
11/12/21
Sold
$670,500
02/22/12
Sold
$175,000
Condition Rating
Excellent
Despite being built in 1962, this property has undergone extensive and high-quality renovations, particularly in the kitchen and bathrooms. The kitchen features modern flat-panel cabinetry, Quartz countertops, high-end GE Cafe appliances, and sleek tile backsplash. Bathrooms are updated with Quartz countertops, modern vanities, and tiled showers with contemporary fixtures. Sleek porcelain tile flooring is present throughout, and lighting fixtures are modern. The overall aesthetic is a well-executed blend of mid-century charm and contemporary luxury, indicating that all key components are virtually new and meet current quality standards.
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 = 11325, living area = 1480.
Mid-Century Modern Aesthetic & Character: The property is a 'Classic 1960's Mid Century Gem' with 'original Terrazzo' and a 'Vintage dry bar,' appealing to buyers seeking unique architectural style and historical charm.
Extensive Modern Renovations: Features a 'remodeled kitchen' with 'Quartz Countertops, Newport Brass fixtures and GE Cafe Appliances,' 'updated bathrooms' with 'Quartz countertops and tiled showers,' and 'Sleek porcelain tile throughout,' offering contemporary comfort and style.
Desirable Location & Scenic Views: Situated in 'Palm Desert' with 'Views of lush, beautifully maintained grounds and a sparkling pool,' and listed with 'Park/Greenbelt, Peek-A-Boo, Pool' views, enhancing its appeal and lifestyle.
Exclusive & Private Living: Described as 'one of four residences within a private enclave' with a 'private courtyard,' providing a sense of exclusivity, privacy, and tranquility.
Turnkey & Ready for Occupancy: Offered Turnkey Furnished,' making it immediately ready for a buyer to move in or for use as a rental property, saving time and furnishing costs.
Cons
Recently Sold Property: The property was recently sold within the past year on 2024-12-20. The sold price is $703,500.00.
Age of Structure: Built in 1962, despite updates, the underlying infrastructure (e.g., plumbing, electrical, roof) may still be original or older, potentially leading to unforeseen maintenance or replacement costs.
Modest Interior Square Footage: With 1480 sqft, the interior living space might be considered compact for some buyers, particularly those seeking more expansive rooms or additional bedrooms.
Significant Monthly Association Fee: A $500 monthly association fee represents a substantial ongoing expense, which could impact the overall affordability and long-term cost of ownership for potential buyers.