162 Lost River Drive, Palm Desert, California 92211, Palm Desert, 92211 - 2 bed, 4 bath

162 Lost River Drive, Palm Desert, California 92211 home-pic-0
ACTIVE$699,000
162 Lost River Drive, Palm Desert, California 92211
2Beds
4Baths
2,184Sqft
3,000Lot
Year Built
1983
Close
-
List price
$699K
Original List price
$760K
Price/Sqft
$320
HOA
$1,800
Days on market
-
Sold On
-
MLS number
219131537DA
Home ConditionFair
Features
Excellent View: Lake, Mountain(s), Pool
Patio
ViewLake, Mountain(s), Pool

About this home

We found 3 Cons,5 Pros. Rank: price - $699.0K(82th), sqft - 2184(87th), beds - 2(50th), baths - 4(85th).

Huge Price Reduction! Lakefront Condo! This Laramie model at The Lakes Country Club has spectacular views of lake & waterfalls. 2 ensuite bedrooms + Den/3rd ensuite bedroom and converted atrium. The private tiled patio has a built-in BBQ and looks right on to the lake and waterfalls...great for bird-watching! The high ceilings and windows with peaked roof provide great light. Private, gated front courtyard leads to a tiled entry that opens to the living & dining areas. Living Room features a wet bar and fireplace, with slider doors to the patio. The kitchen has updated granite counters and opens out to the patio and BBQ area. Atrium was converted to create a separate den/office space, adjoining the 3rd guest bedroom/den. Primary suite features a large walk-in closet - ensuite bathroom has dual sinks, jacuzzi tub and separate shower. Additional ensuite guest room features dual sinks and a shower in the bathroom. Powder Room and a separate laundry room. Attached 2-car garage with storage and space for a golf cart. Furnishings negotiable. Close proximity to the Clubhouse and Fitness Center, with 2 of the many community pools/spas just a few doors away. Monthly HOA includes: security, cable/internet, common areas, exterior paint, roof AND Social Membership: Clubhouse / Fitness Facilities / Racquet Center. Golf Memberships available.

Nearby schools

8/10
James Earl Carter Elementary School
Public,K-51.1mi
7/10
Palm Desert High School
Public,9-121.3mi

Price History

Date
Event
Price
10/02/25
Price Change
$699,000
06/16/25
Listing
$760,000
Condition Rating
Fair

The property was built in 1983, making it over 40 years old. While the MLS description mentions 'updated granite counters' in the kitchen, and the images show clean, functional spaces, the style of the updates (e.g., black appliances, traditional white cabinets, pebble-style backsplash in bathrooms) suggests these renovations are likely 15-25 years old rather than recent. The overall condition appears well-maintained, but the aesthetic is dated, aligning with the 'fair' category where major components are functional but show signs of being outdated.
Pros & Cons

Pros

Exceptional Lakefront Views: The property boasts a direct lakefront location with spectacular views of the lake, waterfalls, mountains, and community pools, significantly enhancing its desirability and value.
Comprehensive Country Club Amenities: A social membership to The Lakes Country Club is included in the HOA, providing access to a clubhouse, fitness center, racquet center, and numerous community pools/spas, offering a resort-like lifestyle.
Spacious & Versatile Layout: This Laramie model features 2 ensuite bedrooms plus a den/3rd ensuite bedroom and a converted atrium, offering flexible living spaces and ample room for guests.
Updated Kitchen & Entertainment Features: The kitchen includes updated granite counters, complemented by a wet bar, fireplace, and a private tiled patio with a built-in BBQ, making it ideal for entertaining.
Extensive HOA Inclusions: The monthly HOA covers security, cable/internet, common areas, exterior paint, and roof, which significantly reduces homeowner maintenance burdens and potential future costs.

Cons

Substantial Monthly HOA Fees: The $1800 monthly HOA fee is a significant ongoing expense that, despite its comprehensive inclusions, could be a deterrent for some potential buyers.
Property Age & Potential for System Updates: Built in 1983, the property is over 40 years old. While some cosmetic updates are noted, major systems (e.g., HVAC, plumbing, electrical) may require future investment or modernization.
Recent Price Reduction: A 'Huge Price Reduction' from the original list price suggests the property may have been initially overpriced or faced challenges in market appeal, potentially raising questions for prospective buyers about its true market value or condition.

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