INCOME-PRODUCING SHORT-TERM RENTAL AT PALM VALLEY COUNTRY CLUB generating approximately $175,000 in gross rental income over the past two years. Set within one of the Coachella Valley’s most amenity-rich resort communities, this upgraded residence combines a proven rental history with golf course, mountain, lake, and fountain views that create the type of desert experience vacation guests are seeking. The private patio equipped with built in BBQ, and upper balcony offer multiple outdoor spaces to relax and enjoy the surrounding palms, lush landscaping, water features, and expansive views. Inside, the home has been extensively updated with a remodeled kitchen featuring bi-fold cabinetry, remodeled bathrooms, newer flooring, lighting and ceiling fans, upgraded windows, plus a water softener and filtration system. A fireplace adds warmth and ambiance during cooler desert evenings. Three pools and spas are located just steps from the property, while Palm Valley Country Club offers an exceptional resort environment with 47 pools and spas, tennis and pickleball courts, fitness facilities, spa services, steam room, sauna, clubhouse dining, and more. The location also provides convenient access to El Paseo shopping, restaurants, hiking, grocery stores, Acrisure Arena, and the many attractions of the greater Palm Desert area. With established rental performance, extensive community amenities, and a highly desirable resort setting, this property offers a compelling opportunity for buyers seeking a furnished desert getaway with strong short-term rental appeal and income potential. Buyer to verify rental regulations, permit requirements, and income.
For sale
Listed by: Joshua Tree Modern • Karla Ruzicki • Contact: 310-569-0122
$625,000
38417 Nasturtium Way, Palm Desert, CA 92211
3beds
1,700sqft
Condominium
Built in 1988
-- sqft lot
$608,900 Zestimate®
$368/sqft
$936/mo HOA
What's special
- 30 days
- 412
- 29
Zillow last checked:
Listing updated:
Listed by:
Karla Ruzicki DRE #02213364 310-569-0122,
Joshua Tree Modern,
Christina Beck DRE #02246305,
Joshua Tree Modern
Source: CRMLS,MLS#: JT26209491
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Bedroom, Entry/Foyer, Family Room, Kitchen, Laundry, Living Room, Primary Bedroom, Other, Retreat, Recreation, Dining Room
Primary bedroom
- Features: Primary Suite
Bedroom
- Features: All Bedrooms Up
Bathroom
- Features: Dual Sinks, Enclosed Toilet, Quartz Counters, Separate Shower, Upgraded, Vanity, Walk-In Shower
Kitchen
- Features: Pots & Pan Drawers, Quartz Counters, Remodeled, Updated Kitchen
Other
- Features: Walk-In Closet(s)
Heating
- Central, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Range, Microwave, Refrigerator, Water To Refrigerator, Water Purifier, Dryer, Washer
- Laundry: Washer Hookup, Electric Dryer Hookup, Laundry Closet
Features
- Balcony, Ceiling Fan(s), Cathedral Ceiling(s), Separate/Formal Dining Room, Furnished, High Ceilings, Living Room Deck Attached, Open Floorplan, Quartz Counters, Recessed Lighting, All Bedrooms Up, Primary Suite, Walk-In Closet(s)
- Flooring: Tile
- Doors: Sliding Doors
- Windows: Double Pane Windows
- Has fireplace: Yes
- Fireplace features: Library
- Furnished: Yes
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total interior livable area: 1,700 sqft
Property
Parking
- Total spaces: 2
- Parking features: Direct Access, Garage Faces Front, Garage, Garage Door Opener
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Patio & porch: Rear Porch, Concrete
- Pool features: Community, Fenced, In Ground, Association
- Has spa: Yes
- Spa features: Community, In Ground
- Has view: Yes
- View description: Courtyard, Desert, Golf Course, Hills, Mountain(s), Panoramic, Pond
- Has water view: Yes
- Water view: Pond
- Waterfront features: Pond
Lot
- Size: 787 Square Feet
- Features: Desert Back, Desert Front, Drip Irrigation/Bubblers, Lawn, Landscaped, On Golf Course, Sprinklers Timer, Sprinkler System
Details
- Parcel number: 626222005
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Contemporary
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Roof: Tile
Condition
- Updated/Remodeled,Turnkey
- New construction: No
- Year built: 1988
Utilities & green energy
- Electric: 220 Volts in Kitchen, 220 Volts in Laundry, Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
Community
- Features: Foothills, Golf, Pool
- Security: Gated with Guard, Gated with Attendant, 24 Hour Security, Smoke Detector(s)
- Subdivision: Palm Valley Cc (32420)
HOA
- Has HOA: Yes
- Amenities included: Barbecue, Pickleball, Pool, Sauna, Spa/Hot Tub
- HOA fee: $775 monthly
- HOA name: Palm Valley HOA, Inc
- HOA phone: 760-772-2092
- Second HOA fee: $161 monthly
Location
- Region: Palm Desert
Financial & listing details
- Price per square foot: $368/sqft
- Tax assessed value: $692,754
- Date on market: 9/25/2026
- Cumulative days on market: 30 days
- Listing terms: 1031 Exchange
- Inclusions: Most of the furniture, staging and decor
- Exclusions: See exclusions list on the attachments
- Road surface type: Paved
Estimated market value
$608,900
$578,000 - $639,000
$2,947/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2026 | Listed for sale | $625,000-3%$368/sqft |
Source: | ||
| 6/1/2026 | Listing removed | $644,000$379/sqft |
Source: | ||
| 2/7/2026 | Listed for sale | $644,000+0.8%$379/sqft |
Source: | ||
| 2/1/2026 | Listing removed | $639,000$376/sqft |
Source: | ||
| 8/28/2025 | Listed for sale | $639,000-1.5%$376/sqft |
Source: | ||
| 7/25/2025 | Contingent | $649,000$382/sqft |
Source: | ||
| 4/7/2025 | Price change | $649,000-2.3%$382/sqft |
Source: | ||
| 3/24/2025 | Price change | $664,000-1.6%$391/sqft |
Source: | ||
| 2/25/2025 | Listed for sale | $675,000-6.9%$397/sqft |
Source: | ||
| 12/10/2024 | Listing removed | $725,000$426/sqft |
Source: | ||
| 9/3/2024 | Listed for sale | $725,000+13.3%$426/sqft |
Source: | ||
| 4/14/2022 | Sold | $640,000+18.5%$376/sqft |
Source: | ||
| 4/5/2022 | Pending sale | $540,000$318/sqft |
Source: | ||
| 4/3/2022 | Listed for sale | $540,000+46.3%$318/sqft |
Source: | ||
| 11/3/2017 | Listing removed | $369,000$217/sqft |
Source: PVCC Onsite Sales #217018076 Report a problem | ||
| 10/23/2017 | Price change | $369,000-2.6%$217/sqft |
Source: Windermere Homes & Estates #217018076 Report a problem | ||
| 10/4/2017 | Price change | $379,000-0.3%$223/sqft |
Source: Windermere Homes & Estates #217018076 Report a problem | ||
| 7/18/2017 | Price change | $380,000-1.3%$224/sqft |
Source: Windermere Homes & Estates #217018076 Report a problem | ||
| 7/7/2017 | Price change | $385,000-1.3%$226/sqft |
Source: Windermere Homes & Estates #217018076 Report a problem | ||
| 6/27/2017 | Listed for sale | $390,000+57.3%$229/sqft |
Source: Windermere Homes & Estates #217018076 Report a problem | ||
| 9/17/2014 | Sold | $248,000$146/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $692,754 +2% |
| 2025 | $8,793 +2.3% | $679,172 +2% |
| 2024 | $8,598 +2.2% | $665,856 +2% |
| 2023 | $8,409 +118.1% | $652,800 +130.6% |
| 2022 | $3,855 +2.4% | $283,125 +2% |
| 2021 | $3,764 +1.8% | $277,574 +1% |
| 2020 | $3,699 +1.8% | $274,729 +2% |
| 2019 | $3,634 +1.8% | $269,343 +2% |
| 2018 | $3,571 +1.4% | $264,063 +2% |
| 2017 | $3,523 | $258,886 +2% |
| 2016 | $3,523 +1.3% | $253,811 +1.5% |
| 2015 | $3,477 +4.2% | $250,000 +2.1% |
| 2014 | $3,335 | $244,910 +0.5% |
| 2013 | -- | $243,805 +2% |
| 2012 | -- | $239,025 +2% |
| 2011 | -- | $234,339 +0.8% |
| 2010 | -- | $232,589 -0.2% |
| 2009 | -- | $233,143 +2% |
| 2008 | -- | $228,573 +2% |
| 2007 | -- | $224,092 +2% |
| 2006 | -- | $219,699 +2% |
| 2005 | -- | $215,392 +3.9% |
| 2003 | -- | $207,301 +2% |
| 2002 | -- | $203,235 +7% |
| 2001 | $2,424 +30.9% | $190,000 +35.7% |
| 2000 | $1,852 | $140,000 |
Find assessor info on the county website
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