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73411 Bursera Way, Palm Desert, California 92260, Palm Desert, 92260 - 3 bed, 2 bath

73411 Bursera Way, Palm Desert, California 92260 home-pic-0
ACTIVE$925,000
73411 Bursera Way, Palm Desert, California 92260
3Beds
2Baths
1,800Sqft
14,810Lot
Year Built
1957
Close
-
List price
$925K
Original List price
$950K
Price/Sqft
$514
HOA
-
Days on market
-
Sold On
-
MLS number
219126057DA
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 52% below the list price. We found 3 Cons,6 Pros. Rank: price - $925.0K(60th), sqft - 1800(31th), beds - 3(50th), baths - 2(38th).

This MID CENTURY POST AND BEAM is ready to be taken to the next level. The property features a new foam roof, resurfaced pool with pebble finish, and new HVACs. Additionally, there is a new awning, resurfaced pool decking and new variable speed pool pump. There is a wonderful sense of arrival with floor to ceilings windows providing a spectacular view of the outdoors. Inside you'll find redone concrete floors with gray overlay, new kitchen appliances and 22' of counter space to display all incredible treats for your guests. Imagine outdoor entertaining - there's a large 18x36 pool, covered patio with misting, a pool deck with plenty of space for recliners, jacuzzi or firepit and a natural gas hookup for grilling. The private oversized lot leaves many possibilities to make your own special retreat. Location, Location, Location - the El Paseo shopping and restaurants are close by. South Palm Desert is still the most desirable neighborhoods in Palm Desert.

Condition Rating
Excellent
Despite being built in 1957, this property has undergone extensive recent renovations, including a new foam roof, new HVAC systems, resurfaced pool, new kitchen appliances, and redone concrete floors. The images confirm modern, clean, and updated kitchens and bathrooms with contemporary finishes and fixtures, aligning with current quality standards. The property is move-in ready with virtually new major components, indicating a full recent renovation.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14810, living area = 1800.
Prime Location: Situated in South Palm Desert, one of the most desirable neighborhoods, with close proximity to El Paseo shopping and restaurants.
Significant Recent Upgrades: Major components have been recently updated, including a new foam roof, new HVAC systems, resurfaced pool with pebble finish, new awning, resurfaced pool decking, and a new variable speed pool pump.
Mid-Century Architectural Appeal: Features a desirable Mid-Century Post and Beam design, offering unique architectural character and floor-to-ceiling windows for an open feel.
Exceptional Outdoor Entertaining: Boasts a large 18x36 pool, covered patio with misting system, ample pool deck space for various amenities, and a natural gas hookup for grilling, ideal for outdoor living.
Oversized Private Lot: The private, oversized lot provides significant potential for further customization and creating a unique personal retreat.

Cons

Significant Valuation Discrepancy: The listing price of $925,000 is substantially higher than the estimated property value of approximately $442,067, indicating a potential overpricing issue or a need for a re-evaluation of market position.
Unrealized Potential / Additional Investment Needed: The description states the property is 'ready to be taken to the next level,' implying that despite recent upgrades, further significant investment may be required to fully modernize or complete the home to its full potential.
Age of Core Systems (Unspecified): Built in 1957, while the HVAC and roof are new, the condition and age of other critical systems like plumbing and electrical are not specified, potentially leading to unforeseen future expenses.

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