74085 Setting Sun Trail, Palm Desert, California 92260, Palm Desert, 92260 - 4 bed, 5 bath

74085 Setting Sun Trail, Palm Desert, California 92260 home-pic-0
ACTIVE$1,500,000
74085 Setting Sun Trail, Palm Desert, California 92260
4Beds
5Baths
2,699Sqft
10,890Lot

Price Vs. Estimate

The estimated value ($1,519,288.89) is $19,288.89 (1%) lower than the list price ($1,500,000). This property may be overpriced.

Key pros and cons

Top 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 = 10890, living area = 2699.
Top Cons:
History of Price Reductions: The property has undergone multiple price reductions since its initial listing, which may indicate an initial overvaluation or market resistance at previous price points.

Compared to the nearby listings

Price:$1.50M vs avg $825.0K (+$675,000)83%
Size:2,699 sqft vs avg 2,165.5 sqft60%
Price/sqft:$556 vs avg $37383%

More Insights

Built in 1961 (64 years old).
Condition: Despite being built in 1961, this property has undergone a comprehensive and recent renovation, transforming it into a virtually new home. The description explicitly states 'fully renovated' and 'upgraded for modern living,' detailing new high-end SMEG appliances, quartz countertops, custom cabinetry, and modern fixtures in the kitchen. Bathrooms feature new floating vanities, VIGO faucets, and updated showers/tubs. All major systems, including HVAC, water heater, windows, electrical, and plumbing, have been upgraded. The flooring is new matte porcelain tile throughout, and the property includes a fully permitted ADU with a kitchen and bath, plus a resort-style backyard with new amenities. The images confirm the pristine condition and modern, high-quality finishes, aligning perfectly with the 'Excellent' criteria of being extensively renovated within 5 years with all components new or virtually new.
Year Built
1961
Close
-
List price
$1.5M
Original List price
$1.65M
Price/Sqft
$556
HOA
-
Days on market
-
Sold On
-
MLS number
25609341
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Deck
Pool
Spa
Patio
ViewMountain(s)

About this home

Unique opportunity in South Palm Desert to own a fully renovated Mid Century modern home with clean architectural lines, curb appeal, and tastefully restored with integrity to its original design while upgraded for modern living. This home sits on an expansive 10,890 sqft lot with great mountain views featuring 4BD 3.5BA in the main house plus a fully permitted ADU (462 sq ft approximately) with a full bathroom + kitchen that could be used as a Guest House, Pool House, or Income unit. The bright and open floor plan is equipped with a stunning kitchen that features SMEG Appliances, quartz countertops, an oversized custom skylight, top of the line custom cabinets with floating shelves and LED lighting, brass VIGO faucet, polished marble mosaic backsplash, and brass gold pendants sitting over a spacious waterfall edge island. A slatted wood panel wall on one side and a breakfast nook on the other complete this open concept. A formal dining area sits off a sliding door which leads to an entertainer's backyard that features a spacious tiled pool/spa, a floating sundeck, outdoor dining area, bar area, propane firepit, LION 4 burner grill, putting green with a turf area, desert landscaping surrounded by tall green hedges, DG, palo verdes, cactuses, lemon tree, agaves, golden barrels, and low voltage landscaping lighting. The floors in the living area are matte porcelain tile which continue on to the spacious bedrooms and junior primary suite with an en suite bathroom. The oversized primary bedroom has a nice separation from the other bedrooms on the opposite wing of the house. The primary has its own enclosed patio with a decorative vintage fireplace and beautiful tile as well as an oversized bathroom with a shower and a freestanding soaking bathtub, dual vanities, and a skylight. Other features include a powder room with festive tile and wall paper, pocket door, leased solar panels, custom doors, VIGO bathroom faucets, floating vanities, recessed lighting, light dimmers, brass modern door handles, new HVAC system with two additional mini split units, NEST thermostat, new water heater, new windows, electrical upgrades, plumbing upgrades, and many structural upgrades. A wellness area with a barrel sauna and cold plunge are well appointed in the backyard. Large parking driveway with a carport and Tesla EV charger! Close proximity from the best restaurants and shopping at El Paseo. Great golf courses like Vintage, El Dorado, Shadow Mountain, and Indian Wells are all a golf cart away. Listing Agent is the owner. No HOA's!

Condition Rating
Excellent

Despite being built in 1961, this property has undergone a comprehensive and recent renovation, transforming it into a virtually new home. The description explicitly states 'fully renovated' and 'upgraded for modern living,' detailing new high-end SMEG appliances, quartz countertops, custom cabinetry, and modern fixtures in the kitchen. Bathrooms feature new floating vanities, VIGO faucets, and updated showers/tubs. All major systems, including HVAC, water heater, windows, electrical, and plumbing, have been upgraded. The flooring is new matte porcelain tile throughout, and the property includes a fully permitted ADU with a kitchen and bath, plus a resort-style backyard with new amenities. The images confirm the pristine condition and modern, high-quality finishes, aligning perfectly with the 'Excellent' criteria of being extensively renovated within 5 years with all components new or virtually new.
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 = 10890, living area = 2699.
Architectural Integrity & Modern Renovation: This fully renovated Mid-Century Modern home has been tastefully restored to its original design while incorporating extensive modern upgrades for contemporary living.
Income-Generating ADU: A fully permitted Accessory Dwelling Unit (ADU) with a full bathroom and kitchen offers significant versatility as a guest house, pool house, or potential rental income stream.
High-End Chef's Kitchen: The stunning, open-concept kitchen features premium SMEG appliances, quartz countertops, custom cabinetry, an oversized skylight, and a spacious waterfall edge island, perfect for entertaining.
Resort-Style Outdoor Living: The expansive entertainer's backyard boasts a tiled pool/spa, sundeck, outdoor dining/bar area, firepit, LION grill, putting green, and a dedicated wellness area with a barrel sauna and cold plunge.
Extensive System Upgrades & Efficiency: Comprehensive upgrades include a new HVAC system with mini-splits, NEST thermostat, new water heater, windows, and updated electrical/plumbing, complemented by leased solar panels and a Tesla EV charger.

Cons

History of Price Reductions: The property has undergone multiple price reductions since its initial listing, which may indicate an initial overvaluation or market resistance at previous price points.
Leased Solar Panels: While beneficial for energy efficiency, the solar panels are leased, meaning the buyer will assume a lease agreement rather than outright ownership, which is a long-term financial obligation.
Listing Agent is Owner: The listing agent being the owner could potentially introduce perceived conflicts of interest or complicate negotiations for some buyers.

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