Sold for $520,000

Listed by: RPAC • Erica Gerardo • Contact: 760-296-2359

Bought with: Berkshire Hathaway HomeServices California Properties

Tax assessed value

$520,000

81883 Villa Reale Dr, Indio, CA 92203

5beds

2,366sqft

Single Family Residence

Built in 2005

7,405 Square Feet Lot

$538,600 Zestimate^®

$220/sqft

$3,357 Estimated rent

Home value

$538,600

$512,000 - $571,000

$3,357/mo

Zestimate^® history

Owner options

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$3,357/mo

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$3,357/mo

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$3,437/mo

Est. payment

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$3,437/mo

Est. payment

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What's special

Sweat equity! Needs minor work and cosmetics, but the savings is passed on to you! Well below market, don't miss this steal! 4 beds in the main home PLUS Detached Casita! VERY LOW HOA. Nestled in one of the finest communities established during the early 2000s housing boom, Palazzo offers a unique blend of tranquility and convenience. This gated community boasts one of the lowest HOA fees in the desert, providing exceptional value. Located just outside the bustling city center, Palazzo ensures a peaceful living environment while keeping you close to major retailers like Walmart and an array of new dining options. The exciting new development, The Oasis @ Indio, adds to the area's appeal with its upcoming attractions.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4
Full bathrooms: 4

Rooms

Room types: Guest Quarters

Heating

Central

Cooling

Central Air

Features

Flooring: Carpet, Tile
Has fireplace: Yes
Fireplace features: Great Room, See Remarks

Interior area

Total interior livable area: 2,366 sqft

Property

Parking

Total spaces: 2
Parking features: Driveway
Attached garage spaces: 2

Features

Has view: Yes
View description: Mountain(s)

Lot

Size: 7,405 Square Feet
Features: Sprinkler System

Details

Additional structures: Guest House
Parcel number: 691530047
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Roof: Clay

Condition

New construction: No
Year built: 2005

Utilities & green energy

Sewer: Unknown

Community & HOA

Community

Features: Gated
Security: Gated Community
Subdivision: Palazzo

HOA

Has HOA: Yes
Amenities included: Management
HOA fee: $110 monthly
HOA name: Palazzo Shadow Hills HOA

Location

Region: Indio

Financial & listing details

Price per square foot: $220/sqft
Tax assessed value: $520,000
Annual tax amount: $9,932
Date on market: 7/3/2024
Listing terms: Submit

Price history

Date	Event	Price
8/21/2024	Pending sale	$499,000-4%$211/sqft
Source: Greater Palm Springs Realtors #219113314 Report a problem
8/19/2024	Sold	$520,000+4.2%$220/sqft
Source: CRMLS #219113314DA Report a problem
7/27/2024	Contingent	$499,000$211/sqft
Source: Greater Palm Springs Realtors #219113314 Report a problem
7/3/2024	Listed for sale	$499,000+27.9%$211/sqft
Source: Greater Palm Springs Realtors #219113314 Report a problem
5/23/2024	Sold	$390,000+109.7%$165/sqft
Source: Public Record Report a problem
9/2/2011	Sold	$186,000-4.6%$79/sqft
Source: CDAR/ Desert Area MLS #21422557 Report a problem
4/21/2011	Listing removed	$195,000$82/sqft
Source: Desert Estates Realty #21422557 Report a problem
3/11/2011	Listed for sale	$195,000-57%$82/sqft
Source: Desert Estates Realty #21422557 Report a problem
9/30/2005	Sold	$453,000$191/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,932 +59.4%	$520,000 +127%
2024	$6,232 +7.7%	$229,032 +2%
2023	$5,788 +4.1%	$224,542 +2%
2022	$5,561 +3.2%	$220,140 +2%
2021	$5,391 +7.1%	$215,824 +1%
2020	$5,033 +4.7%	$213,612 +2%
2019	$4,807 +2.3%	$209,425 +2%
2018	$4,697 +0.4%	$205,319 +2%
2017	$4,679	$201,294 +2%
2016	$4,679 -2.2%	$197,348 +1.5%
2015	$4,785 +1.3%	$194,385 +2%
2014	$4,726	$190,579 +0.5%
2013	--	$189,720 +2%
2012	--	$186,000 -6.1%
2011	--	$198,000 -15.7%
2010	--	$235,000 -11.3%
2009	--	$265,000 -29%
2008	--	$373,000 -19.3%
2007	--	$462,060 +2%
2006	--	$453,000 +987.2%
2005	--	$41,666