ActiveResidential · sale

72499 Sandstone Lane

Palm Desert, CA 92260

$369,900

  • 2 beds
  • 2 baths
  • 1,320 sq ft
  • 0.07 acres
  • Built 1978

Listed by Coldwell Banker Realty · MLS #219151143DA

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PROPERTY QUESTIONS & SHOWINGS

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72499 Sandstone Lane, Palm Desert, CA 92260 · MLS #219151143DA

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

This beautifully maintained 2-bedroom, 2-bath offers an inviting open floor plan with spacious living areas and abundant natural light.

Details worth a look

The spacious primary suite features dual vanities, mirrored wardrobe closets, and direct access to the south-facing patio, where you can relax and enjoy beautiful mountain views.

Year built

Built in 1978.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Prime Location in the Heart of South Palm Desert! Welcome to the highly sought-after Somerset community. This beautifully maintained 2-bedroom, 2-bath offers an inviting open floor plan with spacious living areas and abundant natural light. Upon entry, you'll appreciate the Saltillo tile flooring complemented by neutral carpet, soaring ceilings, ceiling fans throughout, and shutters that enhance the warm desert charm. The kitchen features tile countertops, white appliances, built-in microwave, and a convenient breakfast nook. The flexible floor plan also includes living room and a separate dining area great for working from home, or additional casual dining. The spacious primary suite features dual vanities, mirrored wardrobe closets, and direct access to the south-facing patio, where you can relax and enjoy beautiful mountain views. The updated guest bathroom has been tastefully remodeled with quartz countertops, a custom-tiled shower, and an upgraded glass shower door, offering both style and functionality. Ideally located just steps from the tennis courts and lush greenbelts, Somerset offers resort-style amenities including swimming pools, spa, tennis courts, and beautifully maintained grounds. Surrounded by championship golf courses and scenic hiking trails, and just minutes from El Paseo, you'll enjoy world-class shopping, fine dining, art galleries, and all that South Palm Desert has to offer. Whether you're looking for a primary residence, seasonal retreat, or vacation home, this is an exceptional opportunity to own a piece of Palm Desert real estate at an exceptional price and enjoy the desert lifestyle at its finest.

THE NEIGHBORHOOD

Explore the location.

72499 Sandstone Lane, Palm Desert, CA 92260

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Map position comes from the listing source. Open directions in Google Maps

LOCAL MARKET CONTEXT

Riverside County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$609,275Down 0.3% vs. the previous 12 months
Months of supply4.112-month average
Days on market5312-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1978
Full baths
2
Half baths
0
Garage spaces
2
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,ElectricCooktop,Microwave
Flooring
Carpet,Tile
Pool
Yes
Pool features
Community,InGround
Spa
No
Subdivision
Sommerset So. Palm D
Parcel
652170018
HOA
Sommerset
HOA amenities
TennisCourts,Trash
HOA fee frequency
Monthly
HOA fee
$660.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$1,541.25
Cap rate

Annual operating income:

HOA: Includes $660.00 per month in HOA dues, converted from the $660.00 monthly fee reported by the listing source.

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

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Listing information

MLS #219151143DA · California Regional MLS

Listing brokerage: Coldwell Banker Realty
Listing agent: Nicole Smith

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.