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45503 Panorama, Palm Desert, California 92260, Palm Desert, 92260 - 3 bed, 3 bath

45503 Panorama, Palm Desert, California 92260 home-pic-0
ACTIVE$569,000
45503 Panorama, Palm Desert, California 92260
3Beds
3Baths
1,320Sqft
6,534Lot
Year Built
1950
Close
-
List price
$569K
Original List price
$569K
Price/Sqft
$431
HOA
-
Days on market
-
Sold On
-
MLS number
SW25225398
Home ConditionExcellent
Features
Good View: Mountain(s), Neighborhood
Pool
Patio
ViewMountain(s), Neighborhood

About this home

Possibly Over-Priced:The estimated price is 4% below the list price. We found 3 Cons,5 Pros. Rank: price - $569.0K(22th), sqft - 1320(13th), beds - 3(50th), baths - 3(50th).

Welcome to 45503 Panorama Dr. in Palm Desert, California — now a beautifully remodeled three-bedroom, three-bath home offering 1,320 square feet of versatile living space. LEGAL FOR SHORT TERM RENTALS with a current permit in place, this property is turnkey, fully furnished, and ready to generate income immediately. Zoned R3, the home offers incredible potential for multi-generational living, rental expansion, or even splitting into multiple units. This residence now features three ensuite bedrooms, each with private entrances and fenced areas for enhanced privacy and flexibility. Bathrooms have been remodeled, including one full bath and two three-quarter baths with stand-up showers. A compact, all-new kitchen brings modern convenience, while updates throughout make this property truly move-in ready. Major upgrades include a brand-new roof (December 2024), new roof drains, new water heater (June 2025), and copper plumbing to the kitchen and bathrooms (2025). The home retains its central HVAC system, complemented by dual mini-splits for efficient climate control. The 200-amp electrical panel has been upgraded, and the main sewer line was replaced, ensuring long-term peace of mind. Outdoor amenities set this property apart: a newly added ice-cold plunge pool, a spacious private backyard, with a separate fenced area including its own street entrance, water, and power — ideal for RV hookups, boat parking, or a future pool. A Tuff Shed is included for extra storage. The two-car garage, finished with drywall and hookups for gas and electric laundry, also has potential for conversion into a junior ADU. Located in SOUTH Palm Desert, close to El Paseo, and within the Palm Desert Charter School District, this is the lowest-priced single-family residence in the area with ADU and JADU potential. With room for expansion, AB-68 ADU opportunities, and possible AB-9 lot split potential, the investment upside is undeniable. P&I with 3.5% down FHA loan @ 5.25% = $3,085.13/month

Price History

Date
Event
Price
09/25/25
Listing
$569,000
Condition Rating
Excellent
Despite being built in 1950, this property has undergone an extensive and very recent renovation, bringing it to 'virtually new' condition. The description explicitly states 'beautifully remodeled,' 'all-new kitchen,' and 'bathrooms have been remodeled.' Key upgrades include a brand-new roof (December 2024), new water heater (June 2025), copper plumbing (2025), an upgraded 200-amp electrical panel, and a replaced main sewer line. The kitchen features modern gray shaker cabinets, stainless steel appliances, and updated countertops. Bathrooms are also fully remodeled with contemporary vanities, fixtures, and tiling. Flooring throughout is updated with dark tile/stone and wood-look laminate, and lighting is primarily recessed. The central HVAC is complemented by mini-splits, ensuring efficient climate control. All major components are new or virtually new, meeting current quality standards with no deferred maintenance, making it truly move-in ready and aligning perfectly with the 'excellent' criteria for a recently renovated property.
Pros & Cons

Pros

Income Generation & Turnkey: Legal for short-term rentals with a current permit, fully furnished, and ready to generate immediate income, offering a strong investment opportunity.
High Investment Potential: R3 zoning allows for multi-generational living, rental expansion, ADU/JADU conversion potential, and possible AB-9 lot split, maximizing future value.
Extensive Recent Upgrades: Features a brand-new roof (Dec 2024), new water heater (June 2025), copper plumbing, upgraded electrical panel, and replaced main sewer line, ensuring low immediate maintenance.
Versatile Layout & Privacy: Three ensuite bedrooms, each with private entrances and fenced areas, provide enhanced privacy and flexibility for various living arrangements or rental scenarios.
Desirable Outdoor Amenities: Includes a newly added ice-cold plunge pool, a spacious private backyard with a separate fenced area (with street entrance, water, and power for RV/boat), and a Tuff Shed for storage.

Cons

Older Core Structure: Built in 1950, despite extensive renovations, the property's age could present potential for unforeseen issues or require ongoing maintenance related to its original construction.
Modest Interior Space: At 1,320 square feet for three bedrooms and three bathrooms, the interior living space is relatively compact, which might feel constrained for larger families or multi-generational living.
Listing Price Exceeds Estimated Value: The current listing price is 5% higher than the property's estimated value, which may suggest a premium price point compared to current market valuations.

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