45416 Panorama Drive, Palm Desert, California 92260, Palm Desert, 92260 - 4 bed, 3 bath

45416 Panorama Drive, Palm Desert, California 92260 home-pic-0
ACTIVE$799,000
45416 Panorama Drive, Palm Desert, California 92260
4Beds
3Baths
1,819Sqft
5,663Lot
Year Built
1953
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$439
HOA
-
Days on market
-
Sold On
-
MLS number
OC25034108
Home ConditionExcellent
Features
Good View: Neighborhood
Pool
Spa
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $799.0K(49th), sqft - 1819(33th), beds - 4(62th), baths - 3(50th).

This R-3 Zoned, 4 Bedroom home is the ultimate short term rental oasis with a potential of up to $1,000 daily rental income! Step into this remodeled mid-century stunner by Oliver Parker (Designed and Builder) with all the comforts and upgrades of a modern masterpiece. The open floor plan boasts original wood beams, raised ceilings, custom window seats, breeze block TV feature wall, a clear Hemlock wood feature wall and an enclosed front patio off the living room with vibrant privacy screens. The dining area sits under a large skylight that fills the house with plenty of natural light. The chic black kitchen is complemented by Viking Appliances and a large butcher block peninsula that extends into a secondary living area with cathedral ceilings and a 10 foot sliding glass door that beckons you to the sparkling pebble-tech salt pool, spa and firepit, outdoor shower and mountain view. Marble floors and walls throughout the primary suite, walk-in closet and walk-in shower. The front exterior features a 2-car carport, paved walkway with Mexican beach pebbles, a circular driveway with chic low maintenance desert landscaping.

Condition Rating
Excellent

Despite being built in 1953, this property has undergone an extensive and high-quality modern renovation, transforming it into a 'modern masterpiece.' The kitchen features chic black cabinetry, butcher block countertops, and high-end Viking appliances, all appearing new. The primary suite boasts luxurious marble floors and walls, a walk-in closet, and a modern walk-in shower. Other bathrooms also show contemporary fixtures and tiling. The overall aesthetic, flooring, light fixtures, and outdoor amenities (pebble-tech salt pool, spa, firepit) indicate a recent, comprehensive renovation with virtually new components and no deferred maintenance, aligning perfectly with the 'excellent' criteria.
Pros & Cons

Pros

Short-Term Rental Potential & Zoning: The R-3 zoning and stated potential for up to $1,000 daily rental income position this property as an exceptional investment opportunity for short-term rentals.
Architectural Significance & Modern Remodel: A remodeled mid-century home designed by Oliver Parker, featuring original wood beams, raised ceilings, custom window seats, and unique feature walls, blending classic design with modern upgrades.
Luxury Outdoor Oasis: The backyard boasts a sparkling pebble-tech salt pool, spa, firepit, and outdoor shower, complemented by mountain views, creating a private resort-like living experience.
Gourmet Kitchen & Primary Suite: A chic black kitchen equipped with high-end Viking appliances and a luxurious primary suite featuring marble floors and walls, a walk-in closet, and a walk-in shower underscore premium finishes.
Curb Appeal & Low Maintenance Landscaping: The front exterior offers a 2-car carport, circular driveway, paved walkway with Mexican beach pebbles, and chic low-maintenance desert landscaping, enhancing its visual appeal.

Cons

Older Core Structure: Despite extensive remodeling, the property's original construction year of 1953 means some underlying structural elements or systems may be older and could require future maintenance or updates.
No Explicit HVAC Upgrade Mention: The description highlights numerous upgrades but lacks specific details regarding a modern or upgraded HVAC system, which is a critical consideration for comfort in Palm Desert's climate.
Modest Lot Size: With a lot size of 5,663 sqft, while adequate for the current amenities, it is relatively modest and may offer less space for significant future expansion or greater privacy compared to larger properties.

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