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48500 Opal Drive, Palm Desert, CA 92260

$1.90M3bd · 3ba · 3,145 sqft
Lot 16,988 sqft•HOA $126/mo•Single Family Residence•
Active
•11d on market•MLS# 219153203

Property Description

Welcome to your own private desert resort in The Summit, one of South Palm Desert's most desirable communities. Set on an oversized lot of nearly 0.4 acres, this beautifully reimagined single-level residence offers approximately 3,145 square feet with 3 bedrooms, 3 bathrooms and an attached 3-car garage. Vaulted ceilings, exposed wood beams, skylights and abundant natural light create an impressive sense of openness throughout. Multiple living and entertaining spaces include a dramatic formal living room with a floor-to-ceiling stone fireplace, an expansive family room with a contemporary linear fireplace, and a spacious formal dining area. Hand-scraped wood flooring carries a rich, cohesive look throughout the home. The remodeled kitchen combines striking contemporary design with everyday functionality, featuring sleek two-tone cabinetry, quartz countertops, a professional-style gas range, an oversized island with generous seating and abundant storage. A glass-enclosed wine room adds an unexpected and sophisticated focal point. The spacious primary suite is complemented by a beautifully remodeled bath with dual vanities, a freestanding soaking tub and an oversized glass-enclosed shower. Two additional bedrooms and updated guest baths provide comfortable accommodations for family and guests. Multiple sets of French doors create a seamless connection to the extraordinary backyard. Surrounded by mature palms and lush landscaping, the private grounds feature a resort-style pool with dramatic rock waterfalls, a raised spa, expansive lawn and numerous areas for relaxing and entertaining. A substantial covered patio offers outdoor living and dining spaces, an outdoor fireplace, ceiling fans and a wood-beamed pergola with café lighting. Mountain views and thoughtfully designed landscape lighting transform the setting after sunset. Notable improvements include solar installed in 2023, HVAC systems and water heater replaced in 2020, a new pool and spa heater and wireless ScreenLogic controller added in 2021, and a variable-speed pool pump installed in 2022. The HOA includes Spectrum cable and internet. Fee-simple land completes this exceptional offering, capturing the very best of the Palm Desert lifestyle--spacious, private and designed for effortless indoor-outdoor living.

Features & Amenities

SummitFeeBuilt 1988

Property Details

Subdivision
Summit
Land Type
Fee
Year Built
1988
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
9
Garage Spaces
3
Heating
Central, Fireplace(s), Natural Gas
Cooling
Ceiling Fan(s), Central Air
View
Mountain(s)
Flooring
Wood
City
Palm Desert
Zip Code
92260
County
Riverside
Listed byCompass, Beth Cummins·636-248-3493

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$9,582.15
Principal & Interest
Loan Amount
$1,516,000
Total Interest
$1,933,574
Total Payment Over 30 Years
$3,449,574
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Summit

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

View Summit Listings

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

48500 Opal Drive, Palm Desert, CA 92260

Summit · Palm Desert · Single Family Residence

$1.90M
Luxury Tier
Beds
3
Baths
3
Sqft
3,145
Lot
16,988 sqft
Year
1988
$/Sqft
$603
Pool: Yes✓
Spa: Yes✓
View: mountain✓
Garage: 3-car✓

Listed 119.1% above the median closed sale of $865,000. Price per sqft ($603) is a 91% premium to closed comps ($315). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.90M· $603/sqft
Total list price
Closed comps
vs closed median $865K
+$1.03M (+119.1%)
Active comps
vs active median $2.15M
−$255K (−11.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $618
−$15 (−2.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
47200 Desert Lily DrivePalm Desert2003353,55020,038$606$2.15M14463
103 Batista CourtPalm Desert2005443,13810,454$277$870,00015761
73075 Shadow Mountain DrivePalm Desert1965542,61721,780$877$2.29M13558
48485 Old Stone TrailPalm Desert2026342,8488,276$934$2.66M27158
39080 Kilimanjaro CourtPalm Desert1971333,02814,375$396$1.20M16555
Total: 5 · Average3.64.03,036.214,984.6$618$1.83M174.4
Median3,028$2.15M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
85 Appian WayPalm Desert199809/11/2026433,22314,810$1.23M$1.19M$3680.9710468
65 Laken LanePalm Desert199909/14/2026432,82013,939$975,000$975,000$3461.002665
72817 Skyward WayPalm Desert197809/21/2026342,7629,583$640,000$600,000$2170.945861
74744 Yucca Tree DrivePalm Desert200209/21/2026342,33911,761$925,000$865,000$3700.9410360
35295 Tedesca DrivePalm Desert200309/17/2026332,4398,276$699,000$665,000$2730.953359
Total: 5 · Average3.43.42,716.611,673.8$858,000$858,000$314.8—64.8
Median2,762$865,000$865,000

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.