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Sold for $619,000
  • Listed by: Coldwell Banker Realty • Tyler Hauer-Salhus • Contact: 760-345-2527
    Bought with: Embassy Financial Group Inc.
    $619,000

    73345 Royal Palm Dr, Palm Desert, CA 92260

    --beds
    --baths
    --sqft
    Multi Family
    Built in 1954
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $4,274 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $4,274/mo

    Zestimate® history
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    What's special

    Welcome to 73345 Royal Palm Drive--a rare investment opportunity in the heart of Palm Desert. This centrally located income property features two buildings: a front house with 2 bedrooms and 1 bathroom, and a rear structure comprising two 1-bedroom, 1-bathroom units. Each unit offers an open-concept layout with abundant natural light, creating a warm and inviting atmosphere.The property is ideally situated near the vibrant San Pablo corridor, offering easy access to local shops, restaurants, and the renowned El Paseo shopping district. With the rear units currently leased, you can enjoy immediate rental income while residing in the front house.Beyond its current configuration, the expansive lot presents potential for further development. According to Palm Desert regulations, multi-family properties like this one may be eligible for additional Accessory Dwelling Units (ADUs), subject to specific criteria . This flexibility allows for increased rental income or expanded living space, enhancing the property's value.Don't miss out on this exceptional property that combines immediate income potential with future development opportunities in one of Palm Desert's most desirable neighborhoods. Contact us today to schedule a private tour and explore the possibilities that 73345 Royal Palm Drive has to offer.Note: Prospective buyers should consult with the City of Palm Desert's Planning Department to verify development possibilities.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tyler Hauer-Salhus DRE #02079389 760-345-2527,

    Coldwell Banker Realty

    Bought with:

    Nick Thompson, DRE #02002181

    Embassy Financial Group Inc.

    Source: CRMLS,MLS#: 219130168DAMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR

    Facts & features

    Interior

    Rooms
    • Room types: Living Room
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator, Water Heater
    Features
    • Open Floorplan
    • Flooring: Laminate, Tile
    • Has fireplace: No

    Property

    Parking
    • Parking features: Driveway, On Street
    Features
    • Levels: One
    • Stories: 1
    • Has view: Yes
    • View description: Mountain(s), Peek-A-Boo
    Lot
    • Size: 8,712 Square Feet
    Details
    • Parcel number: 627084002
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1954

    Community & HOA

    Community
    • Subdivision: Not Applicable-1
    Location
    • Region: Palm Desert

    Financial & listing details

    • Date on market: 5/15/2025
    • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
    • Tenant pays: Electricity

    Price history

    DateEventPrice
    7/24/2025Pending sale$639,000+3.2%
    Source: Greater Palm Springs Realtors #219130168 Report a problem
    7/23/2025Sold$619,000-3.1%
    Source: CRMLS #219130168DA Report a problem
    6/23/2025Contingent$639,000
    Source: Greater Palm Springs Realtors #219130168 Report a problem
    5/16/2025Listed for sale$639,000
    Source: Greater Palm Springs Realtors #219130168 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92260

    Nearby schools

    GreatSchools rating
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