77313 Preston Trail, Palm Desert, California 92211, Palm Desert, 92211 - 2 bed, 2 bath
ACTIVE$385,000
77313 Preston Trail, Palm Desert, California 92211
2Beds
2Baths
938Sqft
1Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Rental Income Potential: The property is fully furnished and ready for Airbnb with a low 3-day minimum stay, supported by available professional management (10% fee plus cleaning/handyman crew), making it an attractive turnkey vacation rental investment.
Top Cons:
High Association Fees: The monthly association fee of $759.00 is substantial and adds a significant recurring cost to ownership, which could impact profitability for investors or affordability for owner-occupants.
Compared to the nearby listings
Price:$385.0K vs avg $445.0K ($-60,000)29%
Size:938 sqft vs avg 1,497 sqft5%
Price/sqft:$410 vs avg $31190%
More Insights
Built in 1981 (44 years old).
Condition: Built in 1981, this property is 43 years old. While it appears clean, well-maintained, and is described as 'fully furnished ready for AIRBNB,' the visible elements, particularly the half-bathroom's vanity and fixtures, and the dining area's light fixture, suggest an outdated style. There are no images of the main kitchen or full bathroom, which are critical areas for assessing modern updates. The property is functional and presentable, aligning with 'aged but maintained through regular upkeep,' but shows signs of being outdated rather than recently renovated.
Year Built
1981
Close
-
List price
$385K
Original List price
$399K
Price/Sqft
$410
HOA
$759
Days on market
-
Sold On
-
MLS number
SR25092094
Home ConditionFair
Features
Excellent View: Golf Course, Lake
Patio
ViewGolf Course,Lake
About this home
Easy Qualifier Loan, 5.5% interest only (No points/fees) Save thousands in loan fees. Fully furnished ready for AIRBNB with just 3 day minimum stay. Management fee just 10% plus cleaning/handyman crew available. Located in the guard gated Palm Desert Resort Country Club. 2 bedroom 1 .5 baths overlooking the 14th green and lake (prime location). Amenities include 18 hole golf course, 20 swimming pools and spas, 20 pickleball courts and 7 tennis courts. Dining has a cafe, sports bar and restaurant. Come enjoy this fabulous community plus vacation rental income.
Nearby schools
6/10
Ronald Reagan Elementary School
Public,•K-5•0.1mi
8/10
Gerald R. Ford Elementary School
Public,•K-5•2.2mi
5/10
Colonel Mitchell Paige Middle School
Public,•6-8•2.0mi
7/10
Palm Desert High School
Public,•9-12•2.9mi
Condition Rating
Fair
Built in 1981, this property is 43 years old. While it appears clean, well-maintained, and is described as 'fully furnished ready for AIRBNB,' the visible elements, particularly the half-bathroom's vanity and fixtures, and the dining area's light fixture, suggest an outdated style. There are no images of the main kitchen or full bathroom, which are critical areas for assessing modern updates. The property is functional and presentable, aligning with 'aged but maintained through regular upkeep,' but shows signs of being outdated rather than recently renovated.
Pros & Cons
Pros
Rental Income Potential: The property is fully furnished and ready for Airbnb with a low 3-day minimum stay, supported by available professional management (10% fee plus cleaning/handyman crew), making it an attractive turnkey vacation rental investment.
Prime Location & Views: Situated in the guard-gated Palm Desert Resort Country Club, the unit boasts a prime location overlooking the 14th green and lake, offering desirable golf course and water views.
Extensive Community Amenities: Residents and guests have access to a wide array of resort-style amenities including an 18-hole golf course, 20 swimming pools and spas, 20 pickleball courts, 7 tennis courts, and on-site dining options (cafe, sports bar, restaurant).
Favorable Financing Offer: The listing highlights an 'Easy Qualifier Loan' with a 5.5% interest-only rate and no points/fees, potentially saving buyers thousands in loan costs and simplifying the purchase process.
Turnkey Furnished: Being fully furnished means the property is ready for immediate occupancy or rental, eliminating the need for additional investment in furniture and decor.
Cons
High Association Fees: The monthly association fee of $759.00 is substantial and adds a significant recurring cost to ownership, which could impact profitability for investors or affordability for owner-occupants.
Age of Property: Built in 1981, the property is over 40 years old, which may imply older systems, finishes, and potential for deferred maintenance or the need for future updates compared to newer constructions.
Compact Living Space: With 938 square feet for a 2-bedroom, 1.5-bathroom unit, the property offers relatively compact living quarters, which might be a limitation for those seeking more spacious accommodations or for larger groups if used as a rental.