48230 Painted Canyon Rd, Palm Desert, California 92260, Palm Desert, 92260 - 1 bed, 1 bath
ACTIVE$1,000,000
48230 Painted Canyon Rd, Palm Desert, California 92260
1Bed
1Bath
600Sqft
217,800Lot
Year Built
1958
Close
-
List price
$1M
Original List price
$1M
Price/Sqft
$1,667
HOA
-
Days on market
-
Sold On
-
MLS number
219124421DA
Home ConditionTear down
Features
Excellent View: Desert, Hills, Mountain(s)
ViewDesert, Hills, Mountain(s)
About this home
We found 3 Cons,5 Pros. Rank: price - $1.00M(67th), sqft - 600(1th), beds - 1(2th), baths - 1(2th).
This charming 600 SF 1-bedroom, 1-bathroom home sits on 5 scenic acres in the desirable Cahuilla Hills community just south of Palm Desert. Offering ultimate privacy and a tranquil desert setting, it is the perfect retreat. Located just minutes from El Paseo's luxury shopping and dining, as well as prestigious communities like Bighorn Golf Club and The Reserve Club, this home blends seclusion with convenience. *Brochure can be downloadable in the ''Document'' tab.* Appointment only. Please call Claire Harvey at (760) 636-3501 to set up an appointment.
Nearby schools
7/10
Palm Desert High School
Public,•9-12•4.1mi
Price History
Date
Event
Price
02/07/25
Listing
$1,000,000
Condition Rating
Tear down
The property was built in 1958, making it 66 years old. There are no interior images provided, nor is there any mention of significant renovations in the listing description. For a property of this age, the absence of renovation details, especially for a 600 sqft home listed at $1,000,000 on 5 acres, strongly suggests that the value lies almost entirely in the land and its potential for redevelopment. Without any evidence of updates to the kitchen, bathroom, or other interior systems, it's highly probable that the structure itself is outdated and requires extensive work, or is considered beyond practical repair, aligning with the 'tear-down' criteria for properties built over 50 years ago with no major renovations in the past 50 years.
Pros & Cons
Pros
Expansive Land & Privacy: The property boasts 5 scenic acres, offering ultimate privacy and a tranquil desert setting, a rare and highly desirable asset in this location.
Prime Location: Situated in the desirable Cahuilla Hills community, it's just minutes from El Paseo's luxury shopping and dining, and prestigious golf clubs like Bighorn and The Reserve Club, blending seclusion with convenience.
Significant Development Potential: The large 5-acre lot, coupled with the small existing structure, presents an exceptional opportunity for a buyer to build a custom luxury estate or expand significantly, maximizing the value of the land.
Stunning Natural Views: The property offers scenic desert, hill, and mountain views, enhancing its aesthetic appeal and sense of a private retreat.
Unique Retreat Opportunity: The combination of vast private land, a serene desert environment, and proximity to high-end amenities makes it an ideal and unique luxury retreat.
Cons
Small Existing Structure: The current 600 sqft, 1-bedroom, 1-bathroom home is extremely small, limiting its functionality and broad market appeal for most buyers at this price point.
Age of Home & Renovation Needs: Built in 1958, the existing structure is dated and likely requires significant renovation or is considered a tear-down, adding substantial cost and effort to the overall investment.
High Price Point for Current Condition: The $1,000,000 list price is primarily for the land and location, not the modest existing dwelling, which may deter buyers seeking a move-in ready home or those not prepared for a major construction project.