Available
$190,000(ARV: $270,000)74% of ARV

Riverside County, Palm Desert, CA 92211

2 bd1 ba888 sfBuilt 1987

12 days ago

Gross spread$70,000

Description

Excellent opportunity to acquire a single-story condominium within the desirable Palm Lakes gated community in Palm Desert, California. This 2-bedroom, 1-bathroom residence offers approximately 888 square feet of living space, a functional great-room layout, and a private fenced yard with patio. The property features tile flooring, granite countertops in the kitchen and bathroom, central heating and air conditioning, and an interior laundry closet, according to prior listing information. Its single-story configuration offers the additional benefit of having no residential units directly above or below. PROPERTY HIGHLIGHTS Property Type: Condominium Bedrooms: 2 Bathrooms: 1 Living Area: 888 Sq. Ft. Year Built: 1987 Single-Story Layout Private Fenced Yard and Patio Central Heating and Air Conditioning Interior Laundry Closet Assigned Parking Gated Community Community Pools and Spas Fitness Center and Clubhouse Tennis and Recreational Facilities HOA $414/mo (Buyer to verify) INVESTMENT HIGHLIGHTS Established Palm Desert Community: Situated within the Palm Lakes development, offering landscaped grounds, water features, recreational amenities, and controlled-access entry. Desirable Floor Plan: Single-story residence with two bedrooms, an open living area, and private outdoor space. Potential Value-Add Opportunity: Investors can evaluate opportunities to refresh interior finishes, modernize the property, and maximize resale or rental appeal. Comparable Sales: An identical-sized 2-bedroom, 1-bathroom unit within the same development sold for $270,000 in June 2026. A larger 2-bedroom, 2-bathroom unit sold for $270,000 in September 2026. Rental Potential: Comparable two-bedroom residences within the community are currently advertised around $2,000 per month, depending on condition and features. POTENTIAL INVESTMENT STRATEGIES Renovation and Retail Resale Long-Term Rental Seasonal Rental, Subject to HOA and Local Restrictions Buy and Hold Conveniently situated in Palm Desert with access to shopping, dining, golf courses, and the surrounding Coachella Valley. CONTACT/TEXT Matt Garabedian – [contact details hidden] All property details, HOA fees, rental restrictions, condition, comparable sales, and financial projections should be independently verified by the buyer.

Price and status history

  1. $200,000 → $190,000−$10,000
    Oct 26, 2026 · 7d ago

Observed by our own harvest of the originating listing, not a public record.

$/sqft vs market

This deal$214/sqft
Market median$372/sqft
Difference−43% below

Median of 5 comparable listings matched on ZIP. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms2
Bathrooms1
Square feet888
Lot size1,000 sf
Year built1987
ConditionLight Rehab
OccupancyVacant
ParkingAssigned

Systems & condition

HeatingFurnace
Air conditioningCentral AC
FoundationSlab
Foundation conditionExcellent

Self-reported by the seller. Not inspected.

Property information

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