72303 Sommerset Drive - Front View
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72303 Sommerset Drive, Palm Desert, CA 92260

$400K3bd · 2ba · 1,786 sqft
Lot 2,940 sqftHOA $660/moCondominium
Active
86d on marketMLS# 219144810

Property Description

Welcome to the desirable Sommerset community in Palm Desert, where comfort and tranquility meet. This beautifully situated 3 bedroom, 2 bath condo offers a peaceful and serene desert setting highlighted by an inviting private courtyard that creates a warm and welcoming first impression and provides the perfect space for morning coffee, relaxing or firing up the BBQ. Inside, the thoughtfully designed floor plan, the largest in the community, offers comfortable living areas filled with natural light, ideal for both everyday living and entertaining. A unique blend of privacy and charm while offering a relaxed desert lifestyle within a beautifully maintained community. Large covered patio and located steps from community pool and spa. Residents of Sommerset enjoy well-kept grounds and resort-style amenities, all while being conveniently located just minutes from Palm Desert's premier shopping and dining on El Paseo, and close to world class golf and entertainment. This is an exceptional opportunity to enjoy peaceful desert living in one of the area's most desirable communities. Tennis, Pickleball, Pools, Spas, Greenspace and more.

Features & Amenities

Property Details

Subdivision
Sommerset South Palm Desert
Land Type
Fee
Year Built
1978
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
1
Heating
Central, Forced Air
Cooling
Air Conditioning, Ceiling Fan(s), Central Air
View
Mountain(s), Park/Green Belt
Flooring
Carpet, Laminate
City
Palm Desert
Zip Code
92260
County
Riverside
Listed byHomeSmart, Mike Jeppson·760-668-2904

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,022.11
Principal & Interest
Loan Amount
$319,920
Total Interest
$408,040
Total Payment Over 30 Years
$727,960
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Sommerset South Palm Desert

This property is located in Sommerset South Palm Desert, a community in Palm Desert. Explore more listings in this neighborhood to compare options and pricing.

View Sommerset South Palm Desert Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

72303 Sommerset Drive, Palm Desert, CA 92260

Sommerset South Palm Desert · Palm Desert · Condominium

$400K
Affordable Tier
Beds
3
Baths
2
Sqft
1,786
Lot
2,940 sqft
Year
1978
$/Sqft
$224
Pool: Yes
Spa: Yes
View: mountain
Garage: 1-car

Listed 20.8% below the median closed sale of $505,000. Price per sqft ($224) is a 39% discount to closed comps ($365). Closed comps sold at 94% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 149 days on market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $400K· $224/sqft
Total list price
Closed comps
vs closed median $505K
$105K (20.8%)
Active comps
vs active median $468K
$68K (14.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $314
$90 (28.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
72506 Desert Flower DrivePalm Desert1978221,5273,049$305$465,0008289
45780 Ocotillo DrivePalm Desert1973321,5001,307$312$468,000576
45830 Ocotillo DrPalm Desert1973321,5001,500$367$550,0008176
74231 Santa RosaPalm Desert1979321,5470$258$399,0004075
68 PresidioPalm Desert1980221,5330$326$499,9996573
Total: 5 · Average2.62.01,521.41,952$313.6$476,399.854.6
Median1,527$468,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
111 Conejo CirclePalm Desert198405/28/2026321,7593,484$785,000$765,000$4350.974180
115 Conejo CirclePalm Desert198405/27/2026321,7313,484$519,900$500,000$2890.9621477
48644 Wolfberry CourtPalm Desert198305/29/2026321,6214,356$959,000$925,000$5710.962877
329 Sierra MadrePalm Desert197906/05/2026221,5842,614$395,000$350,000$2210.898076
38657 Dahlia WayPalm Desert198805/26/2026321,6273,049$549,000$505,000$3100.9238075
Total: 5 · Average2.82.01,664.43,397.4$609,000$609,000$365.2148.6
Median1,627$505,000$505,000

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.