$265,000
Overview
Short-term rental income potential defines this rare creekside studio unit at the Historic Shadow Mountain Resort, offering a strong investment opportunity in the heart of South Palm Desert. Unit 296 is a larger upper-level studio with an open layout, generous living space, and a private balcony overlooking the peaceful creek with mountain views. Offered fully furnished and turnkey, this desert retreat is ready for immediate enjoyment as a weekend escape, seasonal residence, full-time home, or income-producing asset. The remodeled interior lives comfortably with easy flow, inviting natural light, and a layout that feels both functional and relaxed. Shadow Mountain Resort is a gated community known for lush grounds, a classic resort setting, and a prime location near El Paseo, the Rodeo Drive of the Coachella Valley, dining, shopping, galleries, golf, and hiking. HOA coverage includes all utilities, cable TV, and internet, creating exceptional convenience and value. Owners enjoy community pools, spa areas, guest parking, assigned covered parking, and additional resort membership options for pickleball, tennis, fitness, pool, spa, and more. Creekside ambiance, upper-level privacy, and a sought-after Palm Desert address make this a coveted lock-and-leave desert base or rental asset.
MLS #
219146662DA
Listed on
2026-04-16
Status
Active
Price
$265,000
Type
Residential
Size of home
640
Beds / Baths
0 / 1.00
Size of lot
871
Community
Location address
73850 Fairway DR #296
Palm Desert 92260
Palm Desert 92260
General Information
Original List Price
$265,000
Price Per Sq/Ft
$414
Furnished
Yes
HOA Fee
$2068
Land Type
Fee
Land Lease Expires
N/A
Association Amenities
Assoc Maintains Landscape, Assoc Pet Rules, Barbecue, Controlled Access, Fitness Center, Guest Parking, Onsite Property Management, Other Courts, Tennis Courts
Pool
Yes
Pool Description
Community, Heated, In Ground
Spa
Yes
Spa Description
Community, Fenced, Hot Tub, In Ground
Year Built
1969
Interior Features
Living Room Balcony, Open Floor Plan, Recessed Lighting
Flooring
Carpet, Mixed, Tile
Appliances
Microwave, Oven-Electric, Range
Laundry
Community
Fireplace
No
Heating Type
Forced Air
Cooling Type
Air Conditioning
Parking Spaces
2
Parking Type
Assigned, Carport Detached, Covered Parking, Detached, Parking for Guests
Management Phone
760-346-6123
Courtesy of:
Vlad Royal /
Compass
Previous Sales Data For This Property
| Sold Date | Address | List Date | List Price | List $ / Sq Ft | Beds / Baths | Days on Market | Sold Price | Sold $ / Sq Ft | |
|---|---|---|---|---|---|---|---|---|---|
| 2022-05-27 |
|
73850 Fairway DR #296 | 2022-05-01 | $229,000 | $358 | 0 / 1.00 | 5 | $250,000 | $391 |
| Averages: | $229,000 | $357 | 5 | $250,000 | $390 | ||||
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