79140 Fred Waring Drive, Bermuda Dunes, California 92203, Bermuda Dunes, 92203 - 5 bed, 3 bath
79140 Fred Waring Drive
Bermuda Dunes, California 92203
Property Price
SUMMARY
Analysis of 79140 Fred Waring Drive, Bermuda Dunes, California 92203 reveals a property with a current list price of $749,000, which is 3% above the estimated $725,277 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Bermuda Dunes Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 79140 Fred Waring Drive Subject | $749,000* List Price | 5 | 3 | 2,221 | $327 | - |
A 79170 Starlight Lane Sold | $615,000 | 3 | 4 | 2,300 | $267 | 0.1 mi |
B 79140 Falmouth Drive Sold | $740,000 | 4 | 3 | 2,213 | $334 | 0.1 mi |
C 43761 Port Maria Road Active | $699,999 List Price | 3 | 3 | 2,632 | $266 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Great Schools
Elementary School: James Monroe Elementary School (9/10).
- Exceptional Income Potential
Positioned as a turnkey, fully furnished short-term rental near the Coachella festival grounds, offering significant income-generating opportunities.
CONSRISKS & DEFICIENCIES
- Significant Overpricing
The current list price of $749,000 is approximately 15% above the estimated market value, potentially hindering buyer interest and requiring a price adjustment.
- Limited Interior Upgrade Details
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.
- Smaller Living Space for 5 Bedrooms
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.
About 79140 Fred Waring Drive
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 no HOA, 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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2004
- Lot Size
- 12,197 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Bermuda Dunes Unified Schools
James Monroe Elementary School
Grades K-5 • 1.1 mi
Gerald R. Ford Elementary School
Grades K-5 • 1.6 mi
Colonel Mitchell Paige Middle School
Grades 6-8 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 94% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 2,221 | 2,112 | 60% |
| Lot Size | 12,197 | 7,405 | 90% |
| Price | $749.0K | $550.0K | 84% |
| Price per sq ft | $337 | $278 | 85% |
| Built year | 2004 | 2006 | 28% |
| HOA | $0 | $300 | 9% |
| Days on market | 257 | 185 | 80% |
Pricing History
Listed for Sale
Jun 23, 2025
$749,000
Initial Listing