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36004 Franklin Drive, Palm Desert, CA 92211

$725K5bd · 5ba · 2,490 sqft
Lot 3,402 sqftHOA $300/moSingle Family Residence
Active
127d on marketMLS# PS-26645893

Property Description

This 5 bedroom, 5 bath Residence 3 home is in centrally located University Park in Palm Desert and designed with your modern lifestyle in mind. Here, you'll find it easy to connect inside this sidewalk rich community. This two-story, low-maintenance home boasts an alley entrance through the 2-car garage. The open-concept floorplan includes a great room connecting the kitchen and living areas. The kitchen is a showstopper with glass subway tile backsplash, stone countertops, walk-in pantry, upgraded high-end stainless appliances, and a huge island with a breakfast bar. The first floor also features a bedroom suite, spacious dining area, a laundry room and a powder room. The living room opens onto a large walled, landscaped, private patio with a fountain, perfect for indoor/outdoor living that is synonymous with the desert lifestyle. The second floor features a loft seating area with scenic views (a second living room) and 4 bedrooms, 2 of them suites with baths and walk-in closets. This home also features an owned Solar System and one that is leased ($154 month), including 2 Tesla batteries. resulting in low electric bills. There are 2 HVAC zones. And in the garage is an electric car charger. The community features a Clubhouse with a large meeting room, a large, relaxing pool and spa, also an Olympic sized lap pool with 4 lanes, bocce ball courts, a huge firepit, a covered playground, a cabana like covered party room with couches and ping pong table, pickleball courts, outdoor showers, a picnic area with grills/outdoor kitchens, and an exercise room with workout equipment an weights. Please see the photos of all of these amenities. All information is deemed reliable, but not guaranteed. Buyer(s) to investigate per the contingency periods, to their satisfaction.

Features & Amenities

FeeBuilt 2021

Property Details

Land Type
Fee
Year Built
2021
Property Type
Residential
Property Subtype
Single Family Residence
Heating
Central
Cooling
Central Air
View
Desert, Mountain(s), Panoramic, Pool
Flooring
Carpet
Roof
Shingle, Composition
City
Palm Desert
Zip Code
92211
County
Riverside
Listed byColdwell Banker Realty, Carol L Traylor

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$3,665.99
Principal & Interest
Loan Amount
$580,000
Total Interest
$739,758
Total Payment Over 30 Years
$1,319,758
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

36004 Franklin Drive, Palm Desert, CA 92211

Palm Desert · Single Family Residence

$725K
Residential Tier
Beds
5
Baths
5
Sqft
2,490
Lot
3,402 sqft
Year
2021
$/Sqft
$291
Pool: Yes
Spa: Yes
View: city
Garage: 2-car

Listed 29.5% above the median closed sale of $560,000. Closed comps sold at 93% of list — buyers have negotiating leverage.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $725K· $291/sqft
Total list price
Closed comps
vs closed median $560K
+$165K (+29.5%)
Active comps
vs active median $555K
+$170K (+30.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $305
$14 (4.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
76300 OxfordPalm Desert2023331,8783,071$293$549,9005268
77355 New Mexico DrivePalm Desert2007331,8184,792$305$555,0007256
78818 Ballare ParkwayPalm Desert2022221,8654,792$282$525,0008056
74140 Scholar LanePalm Desert2001321,8389,583$340$625,0005954
77360 New Mexico DrivePalm Desert2007331,8185,227$307$559,0008454
Total: 5 · Average2.82.61,843.45,493$305.4$562,78069.4
Median1,838$555,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
36342 Warren DrivePalm Desert202505/29/2026332,0043,360$599,000$550,000$2740.924465
36369 Warren DrivePalm Desert202505/15/2026332,0044,003$679,000$560,000$2790.828063
76273 Cornell WayPalm Desert202205/26/2026331,8783,920$570,000$575,000$3061.014863
73595 Raphael DrivePalm Desert202505/22/2026331,9425,250$606,741$601,741$3100.998563
41774 Navarre CourtPalm Desert198505/26/2026221,8143,049$419,000$375,000$2070.9010053
Total: 5 · Average2.82.81,928.43,916.4$532,348.2$532,348.2$275.271.4
Median1,942$560,000$560,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.