162 Lost River Drive, Palm Desert, California 92211, Palm Desert, 92211 - 2 bed, 5 bath

162 Lost River Drive, Palm Desert, California 92211 home-pic-0
ACTIVE$599,000
162 Lost River Drive, Palm Desert, California 92211
2Beds
5Baths
2,184Sqft
3,500Lot
Year Built
1983
Close
-
List price
$599K
Original List price
$699K
Price/Sqft
$274
HOA
$1,887
Days on market
-
Sold On
-
MLS number
219137146DA
Home ConditionGood
Features
Excellent View: Lake
Patio
ViewLake

About this home

We found 3 Cons,5 Pros. Rank: price - $599.0K(77th), sqft - 2184(87th), beds - 2(50th), baths - 5(99th).

MAJOR PRICE REDUCTION! SELLER NEEDS AN OFFER NOW. VIEW, VIEW, VIEW! Discover your luxurious retreat in the prestigious, guard-gated community of The Lakes Country Club in Palm Desert--an exclusive paradise offering breathtaking lake and mountain vistas, unparalleled amenities, and a vibrant, active lifestyle.This stunning residence boasts 2,184 sq. ft. of thoughtfully designed living space, featuring 2 spacious bedrooms, 3.5 elegant bathrooms, and a versatile den/TV room. The soaring ceilings and abundant natural light create an open, airy ambiance that highlights the modern sophistication of the home. The atrium has been removed, providing a seamless, expansive interior space. The third bedroom has been beautifully converted into a chic den, offering flexibility to suit your lifestyle -- easily reconverted back to a bedroom if needed.Recently updated with new floors, designer paint, upgraded wiring, and sleek granite countertops in the kitchen, this condo seamlessly blends contemporary style with desert charm. The expansive primary suite and guest en-suite bedroom offer luxurious comfort, while high-end finishes and exquisite designer touches exude elegance throughout. The interior has been meticulously reimagined to balance practicality with aesthetic appeal, featuring an attached two-car garage, a separate laundry room, and ample closet space--all nestled in a serene, private setting.Lakes Country Club provides an exceptional array of amenities, including a stunning clubhouse, health and wellness center, and a dynamic schedule of social and fitness activities. Whether you love tennis, pickleball, pop tennis, bocce, or relaxing in one of 44 community pools and spas, there's something for everyone. Golf enthusiasts can take advantage of the prestigious 27-hole championship golf course with various membership optionsThis is more than just a home--it's a lifestyle of luxury, leisure, and elegance. Don't miss this rare opportunity to own a beautifully upgraded residence in one of the most sought-after communities. Your dream retreat with breathtaking views awaits you to enjoy the vibrant The Lakes Lifestyle from Day One!It is also available for 30 day minimum lease. $8500.00 per month. Contact gent for details

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
11/21/25
Price Change
$599,000-14.3%
10/17/25
Listing
$699,000
Condition Rating
Good

Built in 1983, this property has undergone significant recent updates, including new floors, designer paint, upgraded wiring, and sleek granite countertops in the kitchen. While the kitchen appliances (black) and the primary bathroom's tiled countertops and light fixtures appear somewhat dated, they are clean and functional, not requiring immediate renovation. The overall condition is move-in ready, with major systems appearing well-maintained and key cosmetic and functional updates elevating it beyond a 'Fair' rating, aligning with the 'Good' criteria of being extensively renovated within the last 5-15 years in key areas, despite not being a full, top-to-bottom modern renovation.
Pros & Cons

Pros

Breathtaking Views: The property offers stunning lake and mountain vistas, enhancing its appeal and providing a serene living environment.
Exclusive Community & Amenities: Located within the prestigious, guard-gated Lakes Country Club, providing an exclusive lifestyle with extensive amenities including a clubhouse, health center, 44 pools/spas, and a 27-hole championship golf course.
Modern Interior Updates: Recently updated with new floors, designer paint, upgraded wiring, and sleek granite countertops in the kitchen, offering contemporary style and comfort.
Flexible Living Space: Features a versatile den/TV room, originally a third bedroom, which can be easily reconverted, providing adaptability for various lifestyle needs.
Strong Investment Potential: The property is available for 30-day minimum leases at $8,500 per month, indicating significant rental income opportunity.

Cons

High Monthly Association Fees: The substantial monthly association fee of $1,887.00 represents a significant ongoing cost of ownership that potential buyers must consider.
Property Age: Built in 1983, the property's age, despite recent cosmetic updates, may imply potential for future maintenance or replacement of older core systems not explicitly mentioned as upgraded.
Seller Urgency Indicated: The listing explicitly states 'SELLER NEEDS AN OFFER NOW' and highlights a 'MAJOR PRICE REDUCTION,' which could suggest high seller motivation or a challenging market position.

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