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507 Desert Lakes Cir, Palm Springs, CA, 92264

$595,000

Home List Price

$7,066*

Closing Credit

2 Bedrooms
2 Full Baths
1,778 SqFt
$335/SqFt
Condo
Schools Nearby

Location

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507 Desert Lakes Cir, Palm Springs$595,000

Buyer Closing Credits

$7,066*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
ParkingAssigned, Covered, Detached Carport, Door-Single, Garage
Garage2 spaces
Year Built1972
HeatingCentral, Forced Air
CoolingCentral Air
FireplaceElectric, Living Room
ViewDesert, Park, Golf Course, Hills, Lake, Mountain(s), Neighborhood, Panoramic
Private PoolYes
MLS #NP24058952
Lot Size0.06 Acres
StatusActive

About 507 Desert Lakes Cir

Welcome to 507 Desert Lakes Circle, a stunning top-floor residence nestled within the prestigious Seven Lakes Golf and Country Club in Palm Springs, CA. This private 2 bedroom, 2 bathroom condo boasts 1778 square feet of luxurious living space and offers an array of upscale amenities. As you step inside, you'll be greeted by the elegant designer tile flooring and soaring 10-foot high ceilings that create a sense of spaciousness and luxury. The extended terrace opens to a generous living and dining area, providing an ideal setting for entertaining guests while taking in breathtaking 180-degree views of the San Jacinto and San Bernardino Mountains. The main bedroom suite features a walk-in closet and an oversized, light-filled bathroom, ensuring a serene retreat within the home. Both bedrooms open onto an expansive sunroom, offering panoramic views of the mountains and Southridge, located above the historic Bob Hope estate. This home boasts non-obstructive golf course views, overlooking the historic 13th green where President Eisenhower famously sank his only hole-in-one in 1968. Additionally, residents can enjoy peaceful vistas of one of the seven lakes within the community, creating a tranquil and picturesque setting. Seven Lakes Golf and Country Club, known as the "Gem of the Desert," offers an array of amenities, including a Ted Robinson designed golf course, a William Cody designed club house, and 24-hour guard gate security. With an onsite HOA office and electric car charging stations, this community provides convenience and security for its residents. Indulge in the luxury of waterfront living with access to a pool, private outdoor space, and a club house, all while taking in the stunning golf course views. For added convenience, this home includes a private two-car garage and offers access to laundry facilities. This exceptional home is perfect for full-time living or serves as an excellent seasonal investment property. With its prime location and upscale amenities, this residence offers a unique opportunity to experience the epitome of Palm Springs living. Don't miss the chance to make this remarkable home yours. Schedule a private showing today to experience the elegance and sophistication of 507 Desert Lakes Circle.

Property Details

Property Features

Property Information:

  • Architectural Style: Mid-Century Modern, Modern
  • Year Built: 1972
  • Stories: 2
  • Living Area: 1,778 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (949) 307-1405
  • Listing Agent: Andrew Moore

Interior Features

Interior Information:

  • Appliances: Range, Dishwasher, Refrigerator, Dryer, Washer
  • Flooring Type: Carpet, Tile
  • Interior: Built-in Features, Balcony, High Ceilings, Open Floorplan, All Bedrooms Down, Primary Suite, Walk-In Closet(s)
  • Fireplace: Electric, Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Desert, Park, Golf Course, Hills, Lake, Mountain(s), Neighborhood, Panoramic
  • Exterior: Lighting

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Assigned, Covered, Detached Carport, Door-Single, Garage

Lot Features

Lot Information:

  • Lot: Greenbelt, Landscaped, On Golf Course
  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Palm Springs High School, Public District Grades 9-12
  • Raymond Cree Middle School, Public District Grades 6-8
  • Cahuilla Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From E Palm Canyon Drive, head North on Cherokee Way (by The Parker Hotel) to Guard gated Entry. Cross Street: Cherokee Way and Seven Lakes Drive.

Price Information

Listing Price Info

Price Summary:

  • List Price: $595,000
  • Price Per SqFt: $335/SqFt

HOA Fees:

  • Amount: $1606
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $3,732
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Palm Springs, CA.

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Palm Springs, CA

City

Med. Sold Price

$635.1K

Med. Price/SqFt

$420

Avg. Days On Market

56

# of Sold Homes

138

507 Desert Lakes Cir vs Palm Springs

34 DAYS ON ROCKET

-22 Days

$595,000

-$40.1K Less

$335/SqFt

-$86 Less

KEY TAKEAWAY

This property is $40.1K less than the Median Sold Price and $86/SqFt less than other homes in Palm Springs, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #NP24058952

Listing Office:

  • Office Name: Compass
  • Office Phone: (949) 307-1405
  • Listing Agent: Andrew Moore

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 4:20:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,732$283,119
2020$3,732$280,217
2018$3,607$269,337
2017$3,448$264,057

History based on county public records data.

Payment Calculator

$4,643

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,850

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3226754
4
/10

  • Cahuilla Elementary School

  • 833 E Mesquite Ave

  • 1.88 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3226755
4
/10

  • Raymond Cree Middle School

  • 1011 E Vista Chino

  • 3.55 miles

  • Public District Grades 6-8

High School

school-card-donut-3226756
6
/10

  • Palm Springs High School

  • 2401 E Baristo Rd

  • 1.62 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,250. Residents of Palm Springs, CA typically earn between $35k-100k each year. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 507 Desert Lakes Cir

What is the listing price of this property?

The listing price of 507 Desert Lakes Cir property is $595,000.

What type of property is this?

The property 507 Desert Lakes Cir is a condo located in Palm Springs, California, 92264.

Is this property for sale now?

Active Listing: 507 Desert Lakes Cir is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 507 Desert Lakes Cir are:
Cahuilla Elementary School: GreatSchools Rating 4/10
Raymond Cree Middle School: GreatSchools Rating 4/10
Palm Springs High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,732 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 507 Desert Lakes Cir has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 507 Desert Lakes Cir is 1,778 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 507 Desert Lakes Cir is 1972.

Rocket Homes›California›Riverside County›Palm Springs›92264›507 Desert Lakes Cir

This home is located at 507 Desert Lakes Cir in Palm Springs, CA and zip code 92264. This 1,778 square foot home, which was built in 1972, sits on a 0.06 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 26, 2024 and is currently priced at $595,000.

In March 2024 more than 13 listings in Palm Springs, CA were sold above the asking price. During the same period more than 32 listings were sold at asking price, while more than 93 were sold below. The inventory of homes for sale in Palm Springs, CA between February 2024 and March 2024 increased by 7.7%. In March 2024, listings were on the market for 56 days. During the same period, the median list price in this real estate market was $635,164.

From Rocket Homes Real Estate and based on county public records data.

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