The nice FarBelowMarket team has this gem:
UGLY golf course condo GORGEOUS equity HIGH rents!
286 Castellana, Palm Desert, CA, 92260 United States $289,000
Golfer's Dream More Than $100,000 below market....DESPERATE SELLER!
This unit is in a great location in the club, right on the course. It's in good condition, but ugly as sin. Needs cosmetics only. If you have an eye for design THIS ONE IS A NO BRAINER.
Look at the comps!!!! Two model matches on the same street sold over $400k. Incredible golf at one of the finest country clubs- $100k under market. ****RENTS GOING FOR $3500 to $4500 per month furnished*****
Pictures show actual unit and also a model match to show what it could look like. This model match is renting for $4500/mo furnished.....insane!
Type Bed Full Bath Square Footage
Condo 3 2 1584
However pay no attention to the beautifl view above, check out the glamorous interior:
You can see the opportunity, I mean $3500-$4500 per month? Who wouldn't? Here's the pathetice competition who will be vying for those desirable renters:
GREAT 3100 SQUARE FOOT 4 BEDROOM/3 BATHROOM HOME IN MINT CONDITION. WITH FORMAL DINING ROOM, BREAKFAST COUNTER AND WET BAR. HOME IS BEAUTIFULLY MAINTAINED AND HAS A TERRIFIC SETTING. THE HOUSE BACKS ONTO THE LAKES COUNTRY CLUB GOLF COURSE AND IS LOCATED ON A CUL DE SAC. IT FEATURES LARGE ROOMS AND INCLUDES TWO FIREPLACES LOCATED IN THE FAMILY ROOM AND MASTER BEDROOM. IT HAS CEILING FANS, CERMATIC TILE AND AN IMPRESSIVE CIRCULAR STAIRCASE. INTERIOR FEATURES PLANTATION SHUTTERS THROUGHOUT. ALSO, HAS LUSH LANDSCAPING, FANTASTIC REAR YARD WITH POOL AND SPA. HOME IS AIR CONDITIONED AND IS IN A VERY CONVENIENT LOCATION. RENTAL AMOUNT INCLUDES POOL SERVICE AND GARDENING SERVICE.
So there it is... oh wait. sorry. The price, well the second one owing to its obvious defects is available Aug 1st for the princely sum of $2395. Probably because of those extra 1700 square feet and tedious pool to clean. Oh wait, included.