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73850 Fairway Drive, 292, Palm Desert, CA 92260

$253K0bd · 1ba · 640 sqft
Lot 654 sqft•HOA $689/mo•Condominium•
Active
•3d on market•MLS# 219154960

Property Description

Escape to the desert lifestyle with this exceptional 640-square-foot 'Creekside' studio condo located in the historic and iconic Shadow Mountain Resort in the heart of Palm Desert. Whether you are looking for a turnkey vacation home, a savvy investment property, or a personal weekend retreat, this charming residence delivers the quintessential desert experience. Property highlights are Turnkey Furnished: Move-in ready and thoughtfully curated, this studio comes completely furnished with stylish, comfortable pieces so you can start enjoying your investment from day one. Tastefully Appointed: Features modern updates including elegant stone counters that blend sophisticated design with everyday durability. Prime Views: Wake up to inspiring vistas of the Santa Rosa Mountains and enjoy the vibrant energy of the nearby tennis courts. Generous Space: At 640 square feet, this 'Creekside' floor plan offers an unusually spacious and functional studio layout, providing plenty of room to lounge, dine, and unwind. As Palm Desert's original resort, Shadow Mountain holds a rich history and a legendary reputation for relaxation and recreation. Residents and guests can enjoy the amenities including pools, spas, tennis and pickleball. A separate membership is required for tennis and pickleball.

Features & Amenities

Property Details

Subdivision
Shadow Mountain Resort
Land Type
Fee
Year Built
1969
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
0
Heating
Wall Furnace, Electric
Cooling
Air Conditioning, Wall/Window Unit(s)
View
Creek/Stream, Mountain(s)
Flooring
Carpet, Ceramic Tile
City
Palm Desert
Zip Code
92260
County
Riverside
Listed byDibble Real Estate, Roger Dibble·760-963-9695

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,279.31
Principal & Interest
Loan Amount
$202,400
Total Interest
$258,150
Total Payment Over 30 Years
$460,550
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Shadow Mountain Resort

This property is located in Shadow Mountain Resort, a community in Palm Desert. Explore more listings in this neighborhood to compare options and pricing.

View Shadow Mountain Resort Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

73850 Fairway Drive, 292, Palm Desert, CA 92260

Shadow Mountain Resort · Palm Desert · Condominium

$253K
Affordable Tier
Beds
0
Baths
1
Sqft
640
Lot
654 sqft
Year
1969
$/Sqft
$395
Pool: No✓
Spa: No✓
View: mountain✓

Listed 6.3% below the median closed sale of $270,000.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $253K· $395/sqft
Total list price
Closed comps
vs closed median $270K
−$17K (−6.3%)
Active comps
vs active median $249K
+$4K (+1.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $386
+$9 (+2.3%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
73850 Fairway DrivePalm Desert196901640871$430$275,0001498
73850 Fairway DrivePalm Desert1969016400$420$269,00015295
73850 Fairway DrivePalm Desert196901440580$500$219,9996590
72603 Edgehill DrivePalm Desert197121840436$285$239,0003571
72532 Edgehill DrivePalm Desert1971218400$296$249,00011869
Total: 5 · Average0.81.0680629$386.2$250,399.876.8
Median640$249,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
73850 Fairway DrivePalm Desert196612/23/2025015710$269,000$269,000$4711.003189
73850 Fairway DrivePalm Desert197712/23/202501423436$220,000$220,000$5201.00184
73165 Tumbleweed LanePalm Desert196105/11/2026116211,307$272,500$272,500$4391.003475
46183 Highway 74Palm Desert196006/22/2026221,1041,104$295,000$270,000$2450.9219156
73067 Pancho Segura LanePalm Desert197501/26/2026231,258558$299,000$275,000$2190.9223446
Total: 5 · Average1.01.6795.4851.25$261,300$261,300$378.8—98.2
Median621$270,000$270,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.