39165 240th Street E
Palmdale, CA, 93591
$199,000
MLS: HD26024830
Beds
1
Baths
1
Sq Ft
820
Lot
5.12 ac
Year Built
1953
MLS #
HD26024830
Days on Market
0
Listed
Feb 3, 2026
Description
? PRICE REDUCED — Desert Homestead Retreat on 10 Acres with Expansive Views ? Now offered at a new, reduced price, this unique desert sanctuary presents an exceptional opportunity to own 10 acres of fully usable land with room to expand, invest, or create your ideal desert lifestyle. The property includes a fully fenced 5-acre main parcel plus two additional 2.5-acre lots, offering flexibility for future development, guest accommodations, or long-term investment. The residence has been thoughtfully enhanced with a 2-car garage, breezeway service porch, and enclosed patio, blending functionality with comfort in a peaceful, private setting. A detached barn with mezzanine provides abundant storage and workspace, with potential for an office, art studio, or creative workshop. One of the adjoining parcels features a charming “caddy shack,” ideal for guests, recreation, or additional future use. Enjoy the independence of a private well, supplying ample water for gardens, trees, or small-scale homesteading. Take in stunning San Gabriel Mountain views from the rear of the property and unwind each evening with breathtaking desert sunsets. Whether you’re seeking a writer’s retreat, artist’s escape, homestead property, or investment opportunity, this price-reduced offering invites you to slow down, reconnect with nature, and create something truly special.
Location
Palmdale, Los Angeles County, CA 93591
Open on Google Maps ↗Listed by: Fran Fox · Coldwell Banker Home Source
Payment estimate
$1,716
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $19,900 · Loan: $179,100
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $1,134
- Property tax (1.25%)
- $207
- Homeowners insurance
- $300
- Mortgage insurance
- $75
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
Lake Los Angeles, CA in context
Lake Los Angeles is an unincorporated east-AV community in ZIP 93535, about 20 minutes east of Palmdale. Buyers come here for the most house-per-dollar in the AV — half-acre to multi-acre lots, fewer HOAs, and a quiet semi-rural pace. Many listings include desert acreage suitable for horses, RVs, or future expansion. If you are evaluating homes in Palmdale, Mike Watson lives and works the Lake Los Angeles market every day. He pairs this listing with a free market analysis for your specific street, an honest read on the financing options that fit (FHA, VA, USDA, CalHFA, conventional, and assumable when the loan supports it), and a side-by-side compare against the rest of the active inventory in the area.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Palmdale home with as little as 3.5% down using an FHA loan — roughly $6,965 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
USDA Rural Development — 100% Financing＋
ZIP code 93591 qualifies for USDA Rural Development financing — 100% financing with no down payment for income-eligible buyers. USDA loans offer below-market interest rates and reduced mortgage insurance premiums, making this one of the most affordable paths to homeownership in Palmdale. Check your household income eligibility at eligibility.sc.egov.usda.gov.
Local Market Stats
See Palmdale, CA 93591 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.