See Home Value
Desert Palms 92211
78114 Rainbow Drive
Listed by: Paige Charnick, Beach Equities
$750,000
● House - Off Market

78114 Rainbow Drive

Palm Desert, CA 92211
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,918 Ft²
$5,564
Est. Monthly
$1,169
HOA / Fees
5.81%
Cap Rate

About This Property

Welcome to the epitome of luxurious 55+ living at 78114 Rainbow Drive. This home features the coveted Marseille floor plan and is nestled in a prestigious 24-hour gated community, offering an unparalleled desert lifestyle. Enter this almost half acre property through a charming private courtyard, into a haven of desert relaxation. The courtyard boasts a "spool" (small pool), perfect for cooling off on hot days, and the backyard showcases an entertainers dream BBQ and bar area, along with a cozy fireplace for those chillier desert evenings. Lush landscaping enhances the serene ambiance that truly wraps around this home. Inside, you are greeted with a thoughtful and open layout. The kitchen, centrally located, seamlessly connects to the living and dining areas, (don't miss the formal wine cellar), ideal for entertaining, relaxing, and viewing the desert landscapes of this large lot. An attached, but separated, private casita offers a versatile retreat for guests or personal use. Retire to the extra-large primary suite, a luxurious escape with an en-suite bathroom, well-planned walk-in closet, and direct access to your courtyard and pool. Enjoy stunning backyard views from a corner sitting (or working) area. This property also includes a 2-car garage and a separate golf cart garage, perfect for the active community lifestyle. Residents enjoy numerous amenities, from social clubs to fitness facilities, fostering a vibrant, welcoming environment. Discover this exceptional property, where living is more than just a residence-it's a lifestyle. Welcome to your perfect retirement retreat, or second vacation home! Trust Sale.
Unit Size
2,918 Ft²
Days on Market
232 days
Land Size
0.40 acres
Price per sqft
$307
Property Type
House
Property Taxes
-
HOA Dues
$1,169
Year Built
2001

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (CRMLS #PW24021300)

Price History

Date / Event Date Event Price
Sep 20, 2024 Sold
Sold
Aug 25, 2024 In contract -
In contract
Feb 1, 2024 Listed by Beach Equities $895,000
Listed by Beach Equities
Dec 25, 2019 No longer available -
No longer available
Aug 14, 2019 Price Decreased $874,000
↓ $25K (2.8%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 18
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 560
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 17,424
  • Total Building Area: 3,766
  • Gross Building Area: 3,766
  • Building Area: 2,918
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,918
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 338M74-77
  • Land Acres: 0000000400
  • Standard Land Use Code: 1001
  • County Land Use Code: 20
  • State Land Use Code: R01
  • Legal Description 1: .40 ACRES M/L IN POR LOT 16 AND LOT 41 MB 338/074 TR 31227

Neighborhood

  • School District Name: Desert Sands Unified School District
  • Census Tract: 051402

Zoning

  • Zoning: SPZONE

Geography

  • Subdivision Tract Number: 31227
  • Parcel: 748-130-087
  • Lot: 41
  • Municipality: DESERT SANDS
  • Latitude: 33.7754
  • Longitude: -116.297

    Address

  • Full Address: 78114 Rainbow Dr
  • Address - House Number: 78114
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Palm Desert
  • Carrier Code: R085
  • 4-Digit Zip Code: 4300
  • Zip Code: 92211

Valuation

    Tax

  • Total Area: 2,918
  • Tax Year: 2023
  • Tax Amount: $1,125,414
  • Tax Rate Code Area: 075-135

    Appraisal Valuation

  • Standard Deviation: 0.1718
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 78
  • Final Value: 873,660
  • High Value: 1,023,820
  • Low Value: 723,501

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $888,240
  • Assessed Land Value: $245,971
  • Assessed Improvements Value: $642,269
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Desert Palms


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 38071 Brandywine Avenue, Palm Desert, CA, 92211

$5,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,527 ft²
38071 Brandywine Avenue, Palm Desert, CA, 92211 Listing by Julie Lynn Warner
Unit for rent at 34944 Staccato Street, PALM DESERT, CA, 92211

$5,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,909 ft²
34944 Staccato Street, PALM DESERT, CA, 92211 Listing by Julie Lynn Warner
Unit for rent at 35299 Meridia Avenue, PALM DESERT, CA, 92211

$5,500 /mo

  • 3 Beds
  • 3 Baths
  • 2,068 ft²
35299 Meridia Avenue, PALM DESERT, CA, 92211 Listing by Jo Ann Turney


Frequently Asked Questions

When was property at 78114 Rainbow Drive built and last sold?
The property at 78114 Rainbow Drive was built in 2001 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 78114 Rainbow Drive is $900,261.
What are some comparable homes to 78114 Rainbow Drive?
There are currently no comparable homes to 78114 Rainbow Drive.