Palm Desert

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Affordable Palm Desert living

FRANK SINATRA’S DESERT HIDEAWAY “VILLA MAGGIO”

Is there affordable living in Palm Desert? You may consider Palm Desert a luxury destination filled with expensive multi-million-dollar homes and fabulous golf courses. In fact, Palm Desert is home to many celebrity getaways due to its proximity to Hollywood. For example, take a look at Frank Sinatra’s “Villa Maggio” on San Lorenzo Road. FRANK SINATRA’S DESERT HIDEAWAY | “VILLA MAGGIO” | 70300 San Lorenzo Rd., Palm Desert, CA [ar_video_embed type=”youtube” autoplay=”0″ vid=”_KwAt8dtBW8″ /] This home is beautiful and one of the many luxury homes you’ll find in Palm Desert. But, there is affordable living in Palm Desert too. If you’re looking for an affordable Palm Desert home where you can take advantage of its many golf courses, hiking trails, beautiful vistas, and fabulous shopping, check out these under a million dollars listings. Homes for sale around the Palm Desert Area

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luxury living

Luxury Living in Palm Desert

Why is Palm Desert such a desirable location? Because luxury living in Palm Desert is so available. Many luxury desert communities have fantastic homes overlooking beautiful desert scenery. But nothing quite compares to the Coachella Valley landscape and gorgeous weather you’ll find in Palm Desert. In fact, here is a forecast of the Palm Desert weather for the next week. This forecast updates regularly, so check back frequently so you know how to plan your fantastic Palm Desert day. [ar_weather link=”https://forecast7.com/en/33d72n116d37/palm-desert/?unit=us” label_1=”PALM DESERT” theme=”pure” /] Living in Palm Desert If you’re a resident of Palm Desert, it means more than just living in the desert. In Palm Desert, you have many opportunities to hike, bike, golf, or just enjoy the serenity of warm sand and rocky vistas and the gentle desert breeze. But it’s More Than Just a Desert Palm Desert, California, is the diamond in the desert! Offering more than 80 championship golf courses, magnificent mountains, fine dining, theaters, galleries, plenty of boutique shopping, and 50 luxurious hotels and resorts, Palm Desert is whatever you’re looking for and a little bit more. Luxury homes in PALM DESERT Palm Desert offers homes in various architectural styles, custom builds, and even raw land to build your one-of-a-kind dream home. If you want to know more about what’s available to buy in Palm Desert, check out these luxury listings currently on the market with virtual showings. Homes for sale around the Palm Desert Area

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Airbnb effect on Socal's real estate market

Palm Desert Market Report

I know that having an accurate read on the market is central to your success. I am a Palm Desert expert. So, whether you’re thinking of selling, buying, flipping, or renting, you can keep up to date with my market report for Palm Desert, California. As a major growth center in the Coachella Valley, the city of Palm Desert is a popular “snowbird” retreat. Seasonal visitors from colder locations in the Eastern and Northern United States and Canada swell its population by nearly 31,000 each winter. Palm Desert has seen more residents become “full-timers.” Mainly these new residents are from the coastal and urban centers in California. They come for both affordable and high-valued homes. In today’s always-evolving real estate atmosphere, property buyers and sellers like you are smart. And you want to stay informed. So you turn to the best statistical analysis and data available to assist with your buying and selling decisions. And, we give you more than just a comparative analysis of similar properties. The market report for Palm Desert gives you a plethora of other details. Here are just a few: Demographics in Palm Desert; Palm Desert economic health indicators; Employment rates for Palm Desert; Palm Desert industry and jobs movement; Income trends around Palm Desert; Palm Desert cost of living analyses; Real data from local Palm Desert property transactions. Between the Palm Desert Market Report and my expertise, you’ll have all the data you need to determine if now is the right time to buy, sell or invest in this beautiful desert city. Stay Up-to-Date Because this report updates regularly, you should bookmark this page and check in often to see what’s happening in the Palm Desert real estate market. And, if you’d like to search other markets or narrow the data, click here. And, if you want to see some of the homes represented by these market reports, please check out the latest homes for sale on the local market in Palm Desert below. Luxury homes in PALM DESERT Palm Desert offers homes in various architectural styles, custom builds, and even raw land to build your one-of-a-kind dream home. If you want to know more about what’s available to buy in Palm Desert, check out these luxury listings currently on the market with virtual showings. Homes for sale around the Palm Desert Area

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Vacation Rental Home in Palm Desert, California

Easy income $$$$ 3 month rental pays a years of expenses

Investing in a vacation rental property. It can be a great way to generate income and enjoy your own vacation home. However, there are many factors to consider before you buy a vacation rental property, such as location, market demand, expenses, taxes, and management. I’ve searched the web for some helpful resources that can guide you through the process of buying a vacation rental property and estimating your potential income. One resource is Vacation Rental Investment: A Step-by-Step Guide | FortuneBuilders, which provides a comprehensive overview of how to invest in vacation rental properties, from choosing a location and conducting market analysis to financing and managing your property. It also explains some of the benefits and challenges of vacation rental investing, such as more income, tax deductions, seasonality, and regulations. Another resource is Vacation Rental Income Calculator – How to Estimate Earnings | Evolve, which offers a free tool that can help you calculate your annual income from renting out your vacation home. You just need to enter some basic information about your monthly revenue and expenses, such as your average nightly rate, nights booked, mortgage, utilities, insurance, taxes, and management costs. This tool will then generate an estimate of your gross revenue, total expenses, and net income. A third resource is Tax Rules for Renting out Your Vacation Home – Investopedia, which explains the different tax implications of renting out your vacation home depending on how often you use it for personal purposes and how long you rent it out for. For example, if you rent out your vacation home for less than 14 days per year, you don’t have to report the rental income to the IRS, but you can still deduct mortgage interest and property taxes as a second home. However, if you rent out your vacation home for more than 14 days per year and use it for personal purposes for less than 10% of the rental days or 14 days (whichever is greater), you have to report the rental income and expenses on Schedule E as a business property. I hope these resources are useful for you. Please let me know if you have any questions or feedback. I’m always happy to help. Homes for sale around the Palm Desert Area

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Palm desert real estate videos

15 homes listed for sale in Palm Desert with virtual tours

This is a list of the latest 15 homes listed for sale with virtual tours in Palm Desert, California. Virtual tours are great when you are thinking of relocating to the Coachella Valley as sometimes real estate photos are not enough. On a side note, you can always ask us to shoot additional footage from the property in making your decision before traveling  to Palm Desert to tour the listing.

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Discover the Tranquil Oasis: Sage New Palm Desert Homes

  Are you yearning for a serene desert retreat that seamlessly blends comfort, style, and natural beauty? Look no further than Sage Palm Desert – a captivating collection of new homes nestled in the heart of Palm Desert, California. Let’s delve into the allure of these remarkable residences and explore why they’re the talk of the town. Embrace Desert Living: Imagine waking up to the warm embrace of the sun, surrounded by the rugged elegance of the desert landscape. At Sage Palm Desert, this dream becomes your reality. These single- and two-story homes are thoughtfully designed to harmonize with their environment, offering a seamless transition between indoor and outdoor spaces. Whether you’re sipping your morning coffee on the patio or hosting a sunset soirée, the desert vista is your constant companion. Stunning Design and Open-Concept Layouts: The homes at Sage Palm Desert exude sophistication. Picture expansive great rooms bathed in natural light, where family gatherings and entertaining friends flow effortlessly. High ceilings, clean lines, and modern finishes create an ambiance that’s both inviting and chic. Whether you’re an art enthusiast or a minimalist, these homes provide a canvas for your personal style. Amenities for Every Lifestyle: Sage Palm Desert isn’t just about four walls; it’s a lifestyle. Residents enjoy access to a community clubhouse, where friendships are forged over morning yoga sessions or lively game nights. Dive into the sparkling pool, unwind in the spa, or host a barbecue – the possibilities are endless. And when you’re ready to explore beyond your oasis, trendy shopping hubs and entertainment hotspots are just a stone’s throw away. Prime Location: Convenience meets luxury at Sage Palm Desert. Situated within walking distance of local shops and restaurants, you’ll find everything you need right at your doorstep. Plus, major freeways connect you to iconic Southern California destinations – from the glamour of Palm Springs to the cultural richness of Joshua Tree National Park. Your Dream Home Awaits: With prices starting from the high $600,000s, Sage Palm Desert offers an exceptional value for those seeking a refined desert lifestyle. Choose from a variety of floor plans, each meticulously crafted to enhance your everyday experience. Whether you’re a first-time homebuyer or looking to downsize, these homes cater to diverse needs. Experience Sage Palm Desert: Ready to make the desert your sanctuary? Contact Casey Erickson at 760.984.9026 for more information or to schedule a tour. Discover the tranquility, elegance, and endless possibilities that await you at Sage Palm Desert – where every day feels like a vacation.

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Modernism Week in Palm Desert: A Celebration of Midcentury Design

  Modernism Week is an annual extravaganza that transports visitors back in time to the golden era of midcentury architecture and design. Held in the picturesque city of Palm Desert, California, this 11-day festival is a must-attend for enthusiasts, collectors, and anyone with an appreciation for sleek lines, clean aesthetics, and the iconic style of the 1950s and 1960s. What Is Modernism Week? Modernism Week is more than just an event; it’s a celebration of creativity, innovation, and the enduring legacy of midcentury modern design. Here’s what you need to know: Dates: From February 15 to 25, 2024, Palm Desert comes alive with a vibrant lineup of activities, tours, and exhibitions. The Venue: Nestled amidst the palm trees and desert landscape, Palm Desert provides the perfect backdrop for exploring midcentury gems. Highlights of Modernism Week 1. Palm Springs Modernism Show: Immerse yourself in a curated collection of midcentury furniture, art, and design pieces. From Eames chairs to vintage lighting fixtures, this show is a treasure trove for design aficionados. 2. CAMP (Community and Meeting Place): Engage in lively discussions, attend talks by experts, and connect with fellow enthusiasts. CAMP is the hub for all things modernist during the festival. 3. Iconic Home Tours: Step inside the architectural wonders that define Palm Springs. Guided tours take you through more than 30 neighborhoods, showcasing midcentury masterpieces. 4. Signature Home Tour: Don’t miss the Signature Home Tour, where exceptional residences open their doors to visitors. Get a firsthand look at the innovative designs that have stood the test of time. 5. Architectural Tours: Explore the city on foot, bike, or double-decker bus. Learn about the architects, visionaries, and stories behind the buildings that grace Palm Desert’s streets. 6. Annenberg Estate at Sunnylands: Visit the historic Annenberg Estate, a midcentury marvel surrounded by lush gardens. Discover the elegance and sophistication of the era. 7. Classic Car Show: Admire vintage automobiles that evoke the spirit of midcentury glamour. From sleek convertibles to retro coupes, the car show is a visual feast. 8. Garden Tours: Wander through beautifully landscaped gardens that complement the modernist homes. Take inspiration for your own outdoor spaces. 9. Vintage Trailer Show: Step inside lovingly restored midcentury trailers. These compact homes-on-wheels capture the essence of a bygone era. 10. Talks and Performances: Attend captivating talks and performances at the Annenberg Theater and the Modernism Week Theater at CAMP. Learn from experts and soak in the creative energy. Why Attend? Modernism Week isn’t just about nostalgia; it’s about celebrating timeless design principles that continue to influence contemporary aesthetics. Whether you’re a seasoned collector, an architecture enthusiast, or simply curious, this event promises inspiration, education, and a whole lot of style. So mark your calendars, pack your cat-eye sunglasses, and get ready to immerse yourself in the world of midcentury magic at Modernism Week in Palm Desert!

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Living in Palm Desert

The Best Tips and Advice for Living in Palm Desert, CA

  Living in Palm Desert, CA, offers a unique and enriching experience, blending the beauty of the desert landscape with a vibrant city lifestyle. Nestled in the heart of the Coachella Valley, Palm Desert boasts year-round sunshine, breathtaking natural surroundings, and a wide range of recreational and cultural opportunities. Whether you’re a long-time resident or considering a move, this article will provide you with the best tips and advice to make the most of living in Palm Desert. 1. Embrace the Desert Lifestyle: Living in Palm Desert means embracing the desert lifestyle. Embrace the warm climate and take advantage of the abundant outdoor activities available. From hiking and biking through scenic trails to golfing on world-class courses, the desert offers endless opportunities for adventure and exploration. Make sure to stay hydrated, wear sunscreen, and protect yourself from the sun’s rays when enjoying outdoor activities. 2. Explore the Natural Beauty: Palm Desert is renowned for its awe-inspiring natural beauty. Take the time to explore Joshua Tree National Park, located just a short drive away, and discover the unique desert flora and fauna. The Living Desert Zoo and Gardens offer a chance to encounter diverse wildlife and learn about desert conservation efforts. Additionally, the Santa Rosa and San Jacinto Mountains National Monument provide excellent hiking trails and breathtaking vistas. 3. Enjoy the Cultural Scene: Despite its desert location, Palm Desert has a vibrant cultural scene. The McCallum Theatre hosts a wide range of performances, including Broadway shows, concerts, and dance performances. The Palm Springs Art Museum in Palm Desert showcases an impressive collection of contemporary and modern art. Take advantage of the numerous art festivals, galleries, and cultural events that make this city a hub for creativity and expression. 4. Take Advantage of Local Amenities: Palm Desert offers a wide range of amenities to enhance your quality of life. El Paseo, known as the “Rodeo Drive of the Desert,” is a premier shopping and dining destination, featuring high-end boutiques, art galleries, and gourmet restaurants. The Westfield Palm Desert Mall provides a variety of retail options and a movie theater. Additionally, Palm Desert is home to top-notch medical facilities, excellent schools, and well-maintained parks. 5. Engage in Community Activities: Living in Palm Desert means being part of a vibrant and tight-knit community. Engage in community activities and events to meet new people and make lasting connections. Attend local farmers’ markets, art walks, and street fairs to immerse yourself in the city’s social fabric. Join community organizations, sports clubs, or volunteer for a cause you’re passionate about to contribute to the well-being of the community. Conclusion Living in Palm Desert, CA, offers an exceptional desert lifestyle filled with natural beauty, cultural richness, and an array of recreational opportunities. By embracing the desert lifestyle, exploring the natural wonders, enjoying the cultural scene, taking advantage of local amenities, and engaging in community activities, you can make the most of your life in this vibrant city. Palm Desert truly is a remarkable place to call home. Remember to stay hydrated, protect yourself from the sun, and make the most of the year-round sunshine. Whether you’re seeking outdoor adventures or cultural experiences, Palm Desert has something to offer everyone. Start exploring and embracing the unique charm of living in Palm Desert, and you’ll discover why it’s a destination cherished by residents and visitors alike.   Homes in PALM DESERT area Palm Desert offers homes in various architectural styles, custom builds, and even raw land to build your one-of-a-kind dream home. If you want to know more about what’s available to buy in Palm Desert, check out these luxury listings currently on the market with virtual showings. Homes for sale around the Palm Desert Area

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Airbnb effect on Socal's real estate market

Current Market Report in Palm Desert

  Palm Desert, a major growth center in the Coachella Valley, is a popular retreat for seasonal visitors from colder locations in the Eastern and Northern United States and Canada. With a mix of affordable and high-valued homes, it has seen more residents become “full-timers”, mainly from the coastal and urban centers in California. Housing Market Overview As of October 2023, the Palm Desert housing market was not very competitive. Homes in Palm Desert received 2 offers on average and sold in around 59 days. The median sale price of a home in Palm Desert was $578K, down 4.8% since last year. The median sale price per square foot in Palm Desert was $342, up 0.6% since last year. Recent Market Trends In November 2023, homes in Palm Desert were selling for a median price of $615,000. On average, homes in Palm Desert sold after 29 days on the market compared to 26 days last year. There were 303 homes sold in Palm Desert in November 2023, up from 291 last year. Migration & Relocation Trends Between August and October 2023, 19% of Palm Desert homebuyers searched to move out of Palm Desert, while 81% looked to stay within the metropolitan area. Across the nation, 5% of homebuyers searched to move into Palm Desert from outside metros. Conclusion The Palm Desert housing market offers a variety of opportunities for both buyers and sellers. With its unique mix of seasonal and full-time residents, it’s a vibrant and dynamic market that’s worth keeping an eye on.

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Palm Desert Homes

Affordable Housing Investment Opportunities in Palm Desert

Investing in affordable housing can be a profitable and socially responsible strategy for real estate investors. Affordable housing can provide steady rental income, tax benefits, and appreciation potential. Moreover, affordable housing can have positive impacts on the communities where it is located, such as creating jobs, reducing homelessness, and improving quality of life. Why Invest in Affordable Housing in Palm Desert? There are several reasons why investing in affordable housing in Palm Desert can be a lucrative and rewarding opportunity for real estate investors. Some of the benefits include: High demand and low supply: The gap between the number of households that need affordable housing and the number of available units is large and growing in Palm Desert. According to the City of Palm Desert, there is a shortage of 6,000 affordable homes in the city. This means that there is a strong market for affordable housing, and investors can expect high occupancy rates and low vacancy rates. Incentives and subsidies: The City of Palm Desert offers various programs and resources to support the development and preservation of affordable housing. For example, the City provides land donations, down payment assistance, density bonuses, and loans to developers that dedicate units as affordable and carry affordability restrictions. The City also partners with non-profit organizations, such as Habitat for Humanity and Coachella Valley Housing Coalition, to provide affordable homeownership and rental opportunities. Additionally, investors can benefit from federal and state tax credits, grants, and bonds that are available for affordable housing projects. Appreciation potential: Palm Desert is a desirable location for many people, especially retirees, tourists, and seasonal residents. The city has a mild climate, a vibrant culture, and a high quality of life. These factors contribute to the appreciation of property values in Palm Desert, which can benefit investors in the long run. According to Zillow, the median home value in Palm Desert is $433,300, which is a 16.9% increase from last year. The median rent price is $2,500, which is a 13.6% increase from last year. How to Invest in Affordable Housing in Palm Desert? There are different ways to invest in affordable housing in Palm Desert, depending on the investor’s goals, budget, and risk tolerance. Some of the common methods are: Buy and hold: This is the simplest and most common way of investing in affordable housing. It involves buying an existing property that meets the affordability criteria, and renting it out to low-income tenants. The investor can earn rental income and enjoy tax benefits, while waiting for the property to appreciate in value. The investor can also make improvements to the property to increase its value and attractiveness. However, this method requires a large upfront capital, and the investor is responsible for the maintenance and management of the property. The investor also has to comply with the affordability restrictions and regulations that apply to the property. Fix and flip: This is a more active and risky way of investing in affordable housing. It involves buying a distressed or undervalued property that needs repairs or renovations, and selling it for a higher price after making the necessary improvements. The investor can profit from the difference between the purchase and sale prices, minus the costs of repairs and fees. However, this method requires a lot of time, money, and expertise, and the investor has to deal with the uncertainties and fluctuations of the market. The investor also has to ensure that the property meets the affordability standards and regulations that apply to the area. Develop and sell: This is a more complex and ambitious way of investing in affordable housing. It involves acquiring land or an existing property, and developing a new affordable housing project from scratch. The investor can sell the units to low-income buyers, or rent them out to low-income tenants. The investor can benefit from the incentives and subsidies that the City and other agencies offer for affordable housing development, as well as the appreciation potential of the project. However, this method requires a lot of capital, planning, and expertise, and the investor has to deal with the challenges and risks of construction, permitting, and marketing. The investor also has to abide by the affordability restrictions and regulations that apply to the project. What are the Challenges and Risks of Investing in Affordable Housing in Palm Desert? Investing in affordable housing in Palm Desert is not without challenges and risks. Some of the common ones are: Competition and regulation: The demand for affordable housing in Palm Desert is high, but the supply is low. This means that there is a lot of competition among investors, developers, and buyers for the limited affordable housing opportunities. The City and other agencies also have strict rules and regulations that govern the development and preservation of affordable housing. These rules and regulations can limit the options and returns of investors, and impose additional costs and requirements on them. Financing and cash flow: Investing in affordable housing in Palm Desert requires a lot of capital, especially for development and renovation projects. It can be difficult to obtain financing from traditional lenders, such as banks and mortgage companies, for affordable housing projects. Investors may have to rely on alternative sources of funding, such as private lenders, hard money lenders, or crowdfunding platforms. These sources of funding can have higher interest rates, fees, and terms than conventional loans. Moreover, investing in affordable housing can have lower cash flow than market-rate housing, due to the lower rents and higher expenses. Investors have to ensure that they have enough cash reserves and contingency plans to cover the costs and risks of their investments. Maintenance and management: Investing in affordable housing in Palm Desert requires a lot of maintenance and management, especially for rental properties. Investors have to ensure that their properties are safe, habitable, and compliant with the housing codes and standards. They also have to deal with the issues and needs of their tenants, such as repairs, complaints, and evictions. Investors have to hire and supervise property managers, contractors, and

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