7491 Sherman Hoyt, 29 Palms, California 92277, 29 Palms, 92277 - 3 bed, 2 bath
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29 Palms, California 92277
This Value-Add Desert Asset is listed at $242,500, aligning closely with its $238,521 Fair Market Value. Currently holding a Condition Rating of 5, the property requires rehabilitation but offers significant forced appreciation potential through its 1,000+ sqft Detached Workshop and Solar Panels. Located minutes from Joshua Tree National Park within the Morongo Unified School District, the 10,125 sqft lot provides expansive utility and Desert and Mountain Views. This is a strategic acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on the region's robust tourism and rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7491 Sherman Hoyt Subject | $219,500* List Price | 3 | 2 | 1,788 | $58 | - |
A 6772 Maude Adams Sold | $170,000 | 3 | 2 | 1,128 | $151 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1964, this property requires substantial rehabilitation and is marketed as a 'TLC' project for investors. The kitchen is in a state of mid-renovation or disrepair with missing cabinet fronts and unfinished sections. Interior photos reveal heavily stained carpets, wall damage/staining, and dated propane wall heaters. While the home features solar panels and granite countertops, the overall deferred maintenance, including the condition of the bathrooms and flooring, necessitates significant repair and modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10125, living area = 1788.
Situated just minutes from the entrance to Joshua Tree National Park, this property is ideally positioned for outdoor enthusiasts and potential short-term rental investors.
The massive 1,000+ sq ft detached garage/workshop is a rare find, offering incredible utility for storage, creative projects, or a professional workspace.
The property is noted as needing 'TLC,' suggesting deferred maintenance that will require immediate capital investment for repairs and modernization.
The reliance on propane wall heaters rather than a modern central HVAC system may be less efficient and less desirable for buyers seeking contemporary climate control.
The local elementary school carries a low rating of 2/10, which may limit the property's appeal to families prioritizing high-performing educational districts.
Located in 29 Palms, just minutes from the entrance to Joshua Tree National Park, this 3-bedroom, 2-bath home offers over 1,700 sq ft of living space plus a versatile bonus room—perfect for an office, play room or studio space. The home features a functional layout, solar panels to help reduce energy costs, and propane wall heaters for efficient desert living. Outside, enjoy a fully fenced backyard with space to relax, garden, or entertain. A standout feature is the detached garage/workshop offering over 1,000 sq ft, ideal for storage, hobbies, projects, or a creative workspace. This property needs some TLC, presenting an excellent opportunity for investors, DIY enthusiasts, or buyers looking to personalize a home in a prime desert location close to hiking, climbing, and all the natural beauty Joshua Tree has to offer. Endless potential in a sought-after desert area.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 2.2 mi
Grades 9-12 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,788 | 1,188 | 88% |
| Lot Size | 10,125 | 14,265 | 34% |
| Price | $219.5K | $252.0K | 25% |
| Price per sq ft | $123 | $224 | 6% |
| Built year | 1964 | 1968 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 71 | 196 | 5% |
Apr 20, 2026
$219,500
$231,000
-5% Price Drop
Initial Listing
Mar 17, 2026
$231,000
$242,500
-5% Price Drop
Initial Listing
Feb 10, 2026
$242,500
Initial Listing
Aug 1, 2022
$289,000
Public Record
Dec 3, 2012
$140,000
Public Record
May 10, 2010
$130,000
Public Record
Sep 25, 2009
$45,000
Public Record
Sep 22, 2009
$21,000
Public Record