RealKey
‪(213) 433-7766‬

79140 Fred Waring Drive, Bermuda Dunes, California 92203, Bermuda Dunes, 92203 - 5 bed, 3 bath

79140 Fred Waring Drive, Bermuda Dunes, California 92203 home-pic-0
ACTIVE$749,000
79140 Fred Waring Drive, Bermuda Dunes, California 92203
5Beds
3Baths
2,221Sqft
12,197Lot
Year Built
2004
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
$337
HOA
-
Days on market
-
Sold On
-
MLS number
TR25140698
Home ConditionGood
Features
Pool
Spa
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 15% below the list price. We found 3 Cons,7 Pros. Rank: price - $749.0K(82th), sqft - 2221(54th), beds - 5(95th), baths - 3(50th).

Luxury Desert Compound Near Coachella festival grounds – No HOA – 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.

Nearby schools

9/10
James Monroe Elementary School
Public,•K-5•1.1mi
8/10
Gerald R. Ford Elementary School
Public,•K-5•1.6mi
5/10
Colonel Mitchell Paige Middle School
Public,•6-8•0.9mi
6/10
La Quinta High School
Public,•9-12•1.1mi
7/10
Palm Desert High School
Public,•9-12•4.2mi
Condition Rating
Good
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.
Pros & Cons

Pros

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.
Resort-Style Outdoor Living: Features a private pool, spa, built-in BBQ, tranquil fountain, and a professional putting green, creating an attractive desert oasis.
No HOA Restrictions: The absence of a Homeowners Association provides greater freedom, lower monthly costs, and fewer regulations for owners.
Modern Design & Indoor-Outdoor Flow: Built in 2004, the property boasts an open-concept layout with accordion glass doors, seamlessly connecting interior and exterior living spaces.
Ample Parking & Gated Privacy: Offers extensive private parking, including RV space on a circular drive, behind automatic gates, ensuring security and convenience.

Cons

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.

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