
Palm Desert, California 92211
This Modernized Lakeside Residence is a Prime Investment Opportunity listed at $599,000—positioned well below the $612,441 Fair Market Value by 2%. This valuation gap provides $13,441 in Instant Equity for a property boasting a superior Condition Rating of 2. The home features a renovated open-concept layout, south-facing patio with lake views, and proximity to top-rated schools like James Earl Carter Elementary. This turnkey desert retreat is perfectly suited for Lifestyle-Oriented Buyers or Seasonal Residents seeking a premium resort experience.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 77 Laredo Lane Subject | $549,000* List Price | 2 | 2 | 1,831 | $300 | - |
A 278 Green Mountain Drive Sold | $575,000 | 2 | 2 | 1,746 | $329 | 0.5 mi |
B 126 Old Ranch Road Sold | $675,000 | 2 | 3 | 2,018 | $334 | 0.2 mi |
C 97 Palomino Circle Sold | $702,000 | 2 | 4 | 2,184 | $321 | 0.1 mi |
D 175 Bouquet Canyon Drive Sold | $510,000 | 2 | 2 | 1,661 | $307 | 0.4 mi |
E 84 Running Springs Sold | $690,000 | 2 | 4 | 2,184 | $316 | 0.1 mi |
F 266 Running Springs Drive Sold | $465,000 | 2 | 2 | 1,368 | $340 | 0.5 mi |
G 127 Avellino Circle Active | $629,000 List Price | 2 | 2 | 1,702 | $370 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1983, the property has undergone an extensive and high-end renovation within the last few years. The interior features a modern open-concept layout achieved by removing walls and enclosing the atrium. The kitchen is fully modernized with a large waterfall-edge island and stainless steel appliances, while the bathrooms have been completely updated with contemporary vanities and frameless glass showers. With new flooring, recessed lighting, and updated fixtures throughout, the home meets current quality standards with no signs of deferred maintenance.
The property features a highly desirable south-facing patio offering panoramic views of the lake, waterfalls, and mountains, providing an exceptional outdoor living experience.
Significant structural upgrades including an enclosed atrium, removed walls, and a relocated fireplace create a seamless, contemporary flow that maximizes the 1,831 square feet of living space.
Residents benefit from a robust resort lifestyle within The Lakes Country Club, including access to 44 pools and spas, tennis, pickleball, and a 27-hole championship golf course.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1831, other record living area = 1661. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The monthly association fee of $1,877 is substantial and may impact the overall affordability and long-term investment appeal for some buyers.
Despite the generous square footage and expanded layout, the home only offers two formal bedrooms, which may limit its utility for larger families or those requiring multiple guest rooms.
Welcome to The Lakes Country Club, where this waterfront home offers a relaxed resort-style living and incredible views. This expanded Durango floorplan offers approximately 1,831 square feet, featuring a spacious primary suite, a den (currently used as a guest bedroom), and a flexible living area on the water. The home is ideally positioned on a quiet street and takes advantage of its lakeside setting and mountain views. The expanded south-facing patio overlooks the lake, waterfalls, and surrounding mountains, creating a comfortable outdoor space for everyday living and entertaining. A built-in grill adds convenience for casual dining and gatherings. Inside, the open-concept layout connects the kitchen and main living area for easy flow. Prior extensive updates include removal of interior walls, an enclosed atrium, and relocation of the fireplace. The kitchen includes a central island with seating, and the living area is anchored by a fireplace. An adjacent flex space works well as an office, den, or additional guest area. The primary suite offers a walk-in closet and an ensuite bath with dual vanities. A separate guest area, including the den and second bath, provide privacy for visitors. Located on a desirable street within the community, the home also includes a rare offering golf cart garage for added convenience. The Lakes Country Club offers a robust schedule of social and fitness activities at the exquisite Clubhouse and Health and Wellness Center. Enjoy Tennis, Pickleball or Pop Tennis, Bocce or the 44 community pools and spas. For golfers, the Club offers membership options for the 27 hole championship golf course.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,831 | 1,580.5 | 71% |
| Lot Size | - | 2,613 | 22% |
| Price | $549.0K | $470.5K | 64% |
| Price per sq ft | $300 | $317 | 40% |
| Built year | 1983 | 1987 | 11% |
| HOA | $1877.0 | $849 | 87% |
| Days on market | 101 | 162 | 16% |
Apr 10, 2026
$549,000
$599,000
-8% Price Drop
Initial Listing
Mar 5, 2026
$599,000
Initial Listing
Jan 29, 2021
$280,000
Public Record
Feb 26, 2020
$244,000
Public Record
Mar 13, 1997
$270,000
Public Record