RealKey
‪(213) 433-7766‬

78264 Rainbow Drive, Palm Desert, California 92211, Palm Desert, 92211 - 2 bed, 2 bath

78264 Rainbow Drive, Palm Desert, California 92211 home-pic-0
ACTIVE$474,000
78264 Rainbow Drive, Palm Desert, California 92211
2Beds
2Baths
1,790Sqft
5,663Lot

Price Vs. Estimate

The estimated value ($469,327.375) is $4,672.625 (0%) lower than the list price ($474,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Community Location & Amenities: Located within the desirable Sun City Palm Desert, this home is a short distance to the Mountain View Clubhouse, Fitness Center, and Indoor Pool, offering convenient access to community amenities.
Top Cons:
Dated Kitchen Countertops: The kitchen features Corian counters, which may be considered a dated material by some prospective buyers who prefer more modern options like granite or quartz.

Compared to the nearby listings

Price:$474.0K vs avg $540.0K ($-66,000)29%
Size:1,790 sqft vs avg 1,888 sqft44%
Price/sqft:$265 vs avg $30624%

More Insights

Built in 1992 (33 years old).
Condition: Built in 1992, this home is well-maintained with a newer AC unit (2018) and durable tile flooring throughout. However, the kitchen features dated Corian countertops, raised panel wood cabinets, and older appliances, while the bathrooms also show signs of being outdated with similar cabinet styles and lighting. The property is functional and move-in ready but requires significant cosmetic updates in the kitchen and bathrooms to meet current design standards, aligning with the 'Fair' condition criteria.
Year Built
1992
Close
-
List price
$474K
Original List price
$525K
Price/Sqft
$265
HOA
$398
Days on market
-
Sold On
-
MLS number
219123831DA
Home ConditionFair
Features
Patio
View-

About this home

Sun City Palm Desert- Amethyst. This beautiful home is located on the former model, a short distance to the Mountain View Clubhouse, Fitness Center and Indoor Pool. The home has a spectacular north facing rear yard that features an spacious flagstone patio, BBQ island w/quartz counter top & stacked stone accents; all in a lush park-like setting. A gated front courtyard provides curb appeal. Furniture available outside of escrow. Inside, 10-foot ceilings and transom window provide a light and open environment. 18 inch diagonally lay tile is throughout. The kitchen has corian counters, raised panel cabinets with pulled out shelves and a wall-oven. The primary suite has a large walk-in closet with mirrored wardrobe doors. The primary suite bathroom has dual sinks, a stall shower, oversized tub and huge skylight. A tub/shower is in the guest bathroom. The guest bedroom has shutters. Furniture available outside of escrow. The 2-car garage has built-in storage and its own AC. Home AC is new 2018.

Nearby schools

6/10
Ronald Reagan Elementary School
Public,•K-5•1.5mi
/10
Dwight Eisenhower Elementary School
Public,•K-5•5.9mi
4/10
Desert Ridge Academy
Public,•6-8•1.3mi
5/10
Shadow Hills High School
Public,•9-12•1.6mi
Condition Rating
Fair
Built in 1992, this home is well-maintained with a newer AC unit (2018) and durable tile flooring throughout. However, the kitchen features dated Corian countertops, raised panel wood cabinets, and older appliances, while the bathrooms also show signs of being outdated with similar cabinet styles and lighting. The property is functional and move-in ready but requires significant cosmetic updates in the kitchen and bathrooms to meet current design standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Prime Community Location & Amenities: Located within the desirable Sun City Palm Desert, this home is a short distance to the Mountain View Clubhouse, Fitness Center, and Indoor Pool, offering convenient access to community amenities.
Exceptional Outdoor Living Space: Features a spectacular north-facing rear yard with a spacious flagstone patio, BBQ island with quartz countertop, and stacked stone accents in a lush, park-like setting, ideal for entertaining and relaxation.
Updated Major Systems & Garage AC: The home's main AC unit was new in 2018, and the 2-car garage includes its own AC and built-in storage, providing comfort and utility, especially in the desert climate.
Spacious & Bright Interior Design: Boasts 10-foot ceilings and transom windows that create a light and open environment, complemented by consistent 18-inch diagonally laid tile throughout the home.
Recent Price Reduction: The property has seen a significant price reduction from its original list price of $524,900 to $474,000, potentially offering a more attractive value proposition for buyers.

Cons

Dated Kitchen Countertops: The kitchen features Corian counters, which may be considered a dated material by some prospective buyers who prefer more modern options like granite or quartz.
Age of Property: Built in 1992, the home is over 30 years old. While well-maintained with some updates, certain components or aesthetics may reflect its age and could require future modernization.
High Monthly Association Fees: The property carries a monthly association fee of $398.00, which is a significant recurring cost that buyers must factor into their budget.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state