47432 Medina Drive W, Palm Desert, California 92260, Palm Desert, 92260 - 3 bed, 3 bath

47432 Medina Drive W, Palm Desert, California 92260 home-pic-0
ACTIVE$1,350,000
47432 Medina Drive W, Palm Desert, California 92260
3Beds
3Baths
2,466Sqft
4,356Lot
Year Built
1971
Close
-
List price
$1.35M
Original List price
$1.59M
Price/Sqft
$547
HOA
$1,270
Days on market
-
Sold On
-
MLS number
219121710DA
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Mountain(s), Panoramic, Pool
Patio
ViewPark/Greenbelt, Mountain(s), Panoramic, Pool

About this home

Possibly Over-Priced:The estimated price is 42% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.35M(81th), sqft - 2466(55th), beds - 3(50th), baths - 3(50th).

NEW PRICE! Experience iconic resort living at its finest in this masterpiece of design and luxury. Renowned architect John Elgin Woolf's vision comes to life in this breathtaking home, extensively renovated to the highest standard and celebrated during prestigious Palm Springs Modernism Week. Step through the grand entrance and be captivated by the spacious modern living area, adorned with soaring ceilings and notable fireplace that infuses Moroccan elegance into the space. Stackable wall of glass seamlessly connects indoors with outdoors offering expansive green belt and beautiful mountain vistas. Culinary enthusiasts will revel in the reimagined chef's kitchen, featuring custom stonework, an island, sleek cabinetry, and a wet bar, perfect for entertaining. Three well-appointed bedrooms are thoughtfully separated for privacy, with two luxurious suites complete with spacious walk-in closets and lavish bathrooms with floating vanities, glass showers, and freestanding soaking tubs straight out of a dream magazine. Indulge in unparalleled comfort with thoughtful amenities such as retractable awning, integrated Sonos sound system, dual Nest climate controls, and motorized screens. The residence also boasts a new roof (2023) with a 5-year warranty. Positioned close to the clubhouse and community pool, this turnkey furnished retreat offers easy access to club amenities, including golf, tennis, pickleball and fine dining in the newly remodeled clubhouse boasting unparalleled views.

Nearby schools

7/10
Palm Desert High School
Public,9-122.2mi
Condition Rating
Excellent

Despite being built in 1971, this property has been 'extensively renovated to the highest standard,' as evidenced by the description and images. The kitchen is a 'reimagined chef's kitchen' with sleek cabinetry, custom stonework, and modern appliances. The bathrooms feature 'lavish' floating vanities, glass showers, and freestanding soaking tubs, all appearing new and high-end. The property boasts modern amenities like dual Nest climate controls and an integrated Sonos system, and a new roof was installed in 2023. All visible components, including flooring and light fixtures, are contemporary and in pristine condition, indicating a recent, comprehensive renovation that meets current quality standards with no deferred maintenance.
Pros & Cons

Pros

Architectural Pedigree & Modern Renovation: Designed by renowned architect John Elgin Woolf and extensively renovated to a high standard, recognized during Palm Springs Modernism Week.
Luxurious & Smart Interiors: Features soaring ceilings, elegant Moroccan-inspired design, a reimagined chef's kitchen with premium finishes, lavish bathrooms, and integrated smart home amenities (Sonos, Nest, motorized screens).
Seamless Indoor-Outdoor Living & Views: Stackable glass walls provide a seamless transition to outdoor spaces, offering expansive green belt and beautiful mountain vistas.
Prime Location & Extensive Amenities: Situated close to the clubhouse and community pool within Marrakesh Country Club, providing easy access to golf, tennis, pickleball, and fine dining.
Turnkey & Recent Major Upgrades: Offered turnkey furnished with a new roof (2023) and a 5-year warranty, minimizing immediate maintenance concerns for a new owner.

Cons

Significant Overpricing Relative to Market Estimation: The current list price of $1.35M is considerably higher than the estimated property value of $775,823.88, indicating a potential disconnect with market comparables.
High Monthly Association Fees: A substantial monthly association fee of $1270 adds a significant ongoing cost to ownership, which may impact affordability for some buyers.
History of Price Reductions: The property has already undergone a significant price reduction from its original list price of $1.59M, suggesting previous market resistance or an initial overvaluation.

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