40513 Bay Hill Way, Palm Desert, California 92211, Palm Desert, 92211 - 2 bed, 2 bath
ACTIVE$327,000
40513 Bay Hill Way, Palm Desert, California 92211
2Beds
2Baths
938Sqft
1,742Lot
Year Built
1981
Close
-
List price
$327K
Original List price
$335K
Price/Sqft
$349
HOA
$759
Days on market
-
Sold On
-
MLS number
219128816DA
Home ConditionFair
Features
Good View: Golf Course, Mountain(s)
Patio
ViewGolf Course,Mountain(s)
About this home
We found 3 Cons,5 Pros. Rank: price - $327.0K(14th), sqft - 938(5th), beds - 2(50th), baths - 2(50th).
Welcome to this beautiful two bedroom 1 full bath and 1.5 bath in Palm Desert Resorter. This condo offers the flexibility to do short term rentals and live in it full time. The home is near the freeway and has mountain views and a perfect backyard to entertain your guests.
Nearby schools
6/10
Ronald Reagan Elementary School
Public,•K-5•0.4mi
8/10
Gerald R. Ford Elementary School
Public,•K-5•1.9mi
5/10
Colonel Mitchell Paige Middle School
Public,•6-8•1.6mi
7/10
Palm Desert High School
Public,•9-12•2.8mi
Condition Rating
Fair
Built in 1981, this property is over 40 years old. While it appears well-maintained and clean, the kitchen features dated light wood cabinets, laminate countertops, and older white appliances, suggesting it has not been significantly updated in 30+ years. The bathroom has a more modern vanity and toilet but retains an older light fixture and overall aesthetic. Popcorn ceilings are visible throughout, and the tile flooring, while clean, is an older style. The property is functional and livable but requires substantial cosmetic updates to meet current standards and styles.
Pros & Cons
Pros
Short-Term Rental Potential: The property offers excellent flexibility for short-term rentals, providing a significant income-generating opportunity for investors or part-time residents.
Scenic Views: Enjoy desirable mountain and golf course views, enhancing the property's aesthetic appeal and value.
Outdoor Entertainment Space: Features a perfect backyard designed for entertaining guests, adding significant lifestyle value.
Desirable Location: Situated in the popular Palm Desert Resort C subdivision in Palm Desert, with convenient access to the freeway.
Proximity to Quality Schools: Located near several well-rated public schools, including Ronald Reagan Elementary and Palm Desert High, appealing to families.
Cons
High Association Fees: The monthly association fee of $759.0 is substantial for a condo of this size, impacting overall affordability and cash flow.
Older Construction: Built in 1981, the property is over 40 years old, which may necessitate updates or potential deferred maintenance costs.
Compact Living Space: With 938 square feet, the living area might be considered compact for some buyers, especially for a two-bedroom unit.