79140 Fred Waring Drive, Bermuda Dunes, California 92203, Bermuda Dunes, 92203 - 5 bed, 3 bath
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Bermuda Dunes, California 92203
This Luxury Desert Compound is listed at $749,000, reflecting a market-aligned price for its turnkey status against a $725,277 Fair Market Value. Boasting a Good Condition Rating, the gated 5-bedroom estate features a private pool, spa, and professional putting green with No HOA restrictions. Its location near Coachella festival grounds ensures high rental demand, while proximity to the top-rated James Monroe Elementary School (9/10) adds significant residential appeal. This versatile property is an ideal acquisition for Short-Term Rental Investors or Owner-Occupants seeking a private desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 79140 Fred Waring Drive Subject | $699,000* List Price | 5 | 3 | 2,221 | $313 | - |
A 43761 Port Maria Road Sold | $675,000 | 3 | 3 | 2,632 | $256 | 0.6 mi |
B 78900 Runaway Bay Drive Sold | $650,000 | 4 | 3 | 2,212 | $294 | 1.0 mi |
C 43460 Old Harbour Drive Sold | $829,000 | 3 | 3 | 2,124 | $390 | 0.5 mi |
D 79170 Starlight Lane Sold | $615,000 | 3 | 4 | 2,300 | $267 | 0.1 mi |
E 78901 Runaway Bay Drive Pending | $660,000 List Price | 3 | 3 | 2,327 | $284 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, this property is well-maintained and presented as 'turnkey' and 'luxury desert compound'. The kitchen features stainless steel appliances, which are a positive update, but the tiled countertops and backsplash, along with the traditional wood cabinetry, are aesthetically dated. Similarly, the bathrooms are clean and functional but feature dated tile countertops and shower surrounds. While these areas are not newly renovated to current modern standards, they are in good, functional condition with no immediate repairs required, aligning with the 'Good' criteria for a property built 20 years ago with some updates but not a full recent renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12197, living area = 2221.
Elementary School: James Monroe Elementary School (9/10).
Positioned as a turnkey, fully furnished short-term rental near the Coachella festival grounds, offering significant income-generating opportunities.
The current list price of $749,000 is approximately 15% above the estimated market value, potentially hindering buyer interest and requiring a price adjustment.
While described as 'luxury,' the listing lacks specific details on recent interior renovations or high-end finishes, which could be a concern for buyers at this price point.
At 2221 sqft for 5 bedrooms, the per-bedroom square footage might be perceived as less spacious compared to some larger comparables in the area.
New Price Improvement with this Luxury Desert Compound Near Coachella festival grounds – Turnkey Short-Term Rental or Private Retreat Located just minutes from the iconic Coachella Music Festival, this fully furnished 5-bedroom, 3-bath gated estate offers the ultimate in flexibility, currently set up as a highly desirable short-term rental, or perfect as your personal desert getaway or full-time residence. Behind your private gate, discover resort-style living with a sparkling pool and spa, built-in BBQ, tranquil fountain, and a professional putting green. Accordion glass doors connect the open concept living space to the outdoor patio, creating a seamless indoor-outdoor flow ideal for entertaining. With 1 time low fee HOA a year, stunning design, and a layout built for both privacy and comfort, this property is an exceptional investment opportunity and a rare find in the desert. RV parking and tons of private parking on the circular drive as well. This home has everything you've been looking for and so much more, centrally located in Bermuda Dunes near Golf Courses, Airport, and El Paseo. Behind your very own private automatic gates awaits your Desert Sanctuary. Make this your private oasis or income-generating dream—either way, it's a win.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 1.6 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 93% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 2,221 | 2,147 | 60% |
| Lot Size | 12,197 | 7,841 | 87% |
| Price | $699.0K | $550.0K | 81% |
| Price per sq ft | $315 | $272 | 81% |
| Built year | 2004 | 2006 | 30% |
| HOA | $0 | $300 | 8% |
| Days on market | 358 | 165 | 97% |
Apr 3, 2026
$699,000
$749,000
-7% Price Drop
Initial Listing
Jun 23, 2025
$749,000
Initial Listing