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    Renovated Condo in Desert Falls Title is generated by Realmo AI

    304 Desert Falls East, Palm Desert, CA 92211

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    Turnkey, furnished condo in a desirable Palm Desert community.

    Type:Multifamily
    Added:
    Feb 18, 2026
    Days on Market:
    87
    Last Refresh:
    Mar 19 at 9:50 pm

    Property Features for 304 Desert Falls East

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Scott Miller

    Listing agent Scott Miller License #01131182

    Listing office Coldwell Banker Realty

    Listing date Feb 18, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

    HighLights

    • Fully renovated condo offered furnished for a turnkey experience in Desert Falls Country Club.
    • Approved short‑term rental community with strong demand, ideal for investors and 1031 exchange.
    • Chef's kitchen featuring custom cabinetry, quartz countertops, stainless steel appliances, and a natural‑gas oven.
    • Boutique‑hotel‑style bathrooms boast custom vanities, tiled walk‑in showers, and integrated LED lighting.
    • Enjoy resort‑style amenities including a semi‑private golf course, multiple pools, tennis/pickleball courts, and a fitness center.
    • HOA includes cable, high‑speed internet, landscaping, and 24‑hour guard‑gated security.

    Overview

    Located in the Desert Falls Country Club, 304 Desert Falls Drive East is a renovated condominium featuring 2 bedrooms and 2 bathrooms. The property has an open floor plan suitable for a primary residence, second home, or short-term rental. It is offered furnished. The condo features new soundproof flooring with baseboards and tile flooring throughout. The kitchen includes custom cabinetry, quartz countertops, imported tile accents, stainless steel appliances, and a natural-gas oven. Both bathrooms have been renovated with custom vanities, tiled walk-in showers, upgraded glass enclosures, and integrated LED lighting. Desert Falls is an approved short-term rental community. Community amenities include a semi-private golf course, multiple pools, tennis and pickleball courts, a fitness center, and walking paths. HOA dues include 150 cable channels, 500 speed internet, exterior landscaping, and 24-hour guard-gated security. The property is located near shopping, dining, medical facilities, and freeway access.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.3465018
    Latitude
    33.7625375

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    FAQs

    What type of property is this?
    Short term rental property - Turnkey, furnished condo in a desirable Palm Desert community.
    Where is this short term rental property located?
    The property is located at 304 Desert Falls East Palm Desert, CA.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: Fully renovated condo offered furnished for a turnkey experience in Desert Falls Country Club.; Approved short‑term rental community with strong demand, ideal for investors and 1031 exchange.; Chef's kitchen featuring custom cabinetry, quartz countertops, stainless steel appliances, and a natural‑gas oven.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott Miller
    Real Estate License ID: 01131182
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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