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

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
$925K
Price/Sqft
$514
HOA
-
Days on market
-
Sold On
-
MLS number
219132971DA
Home ConditionFair
Features
Good View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $925.0K(60th), sqft - 1800(31th), beds - 3(50th), baths - 2(38th).

PRIME OPPORTUNITY This Mid Century Post and Beam offers strong upside potential. Owner had to relocate to Orange County and could not finish. South Palm Desert with its proximity to El Paseo and the heart of PD is the city's prime location. Key capital improvements have already been completes : new foam roof, resurfaced pool with durable pebble tech finish, double drains, variable speed pump and resurfaced decking: new HVAC, redone concrete floors with gray overlay throughout. More features include floor to ceiling windows and sliders bringing in natural light and views to the expansive yard, large covered patio and 18X38 poolNew kitchen appliances with a 22 ft counter make it ideal for entertaining. The oversized lot ( just shy of 15,000 sq ft) offers room for an ADU, pickleball court, additional vehicle parking or countless other improvements. The Street Presence is exceptional. Easy to show - Come see for yourself what prize this is.

Condition Rating
Fair
The property was built in 1957 but has had some key capital improvements, including a new roof, resurfaced pool, new HVAC, and redone concrete floors. The kitchen has new appliances and a large counter. While these updates are significant, the age of the property suggests that other areas may require further updates or are showing their age. The description indicates the owner relocated before finishing all renovations, suggesting some unfinished work.
Pros & Cons

Pros

Prime Location: Located in South Palm Desert, known for its proximity to El Paseo and the heart of Palm Desert, offering high desirability and potential for appreciation.
Significant Capital Improvements: New foam roof, resurfaced pool with pebble tech finish, double drains, variable speed pump, resurfaced decking, new HVAC, and redone concrete floors represent substantial upfront investments.
Large Lot Size: The oversized lot (just shy of 15,000 sq ft) provides ample space for an ADU, pickleball court, additional parking, or other improvements, increasing its versatility and value.
Entertainer's Kitchen: New kitchen appliances with a 22 ft counter make it ideal for entertaining, appealing to buyers who enjoy hosting.
Mid-Century Modern Appeal: The Mid Century Post and Beam architecture, floor-to-ceiling windows, and sliders offer a desirable aesthetic that attracts a specific buyer segment.

Cons

Incomplete Renovation: The property requires further work as the owner had to relocate, potentially deterring buyers seeking a move-in ready home.
Year Built: Built in 1957, the property may require additional upgrades to meet modern standards and preferences, despite recent renovations.
Unknown Finishing Costs: Potential buyers need to factor in the cost to complete the renovation, which may be difficult to estimate accurately without a detailed inspection and contractor bids.

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