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28388 Desert Princess Drive, Cathedral City, California 92234, Cathedral City, 92234 - 2 bed, 2 bath

28388 Desert Princess Drive, Cathedral City, California 92234 home-pic-0
ACTIVE$349,000
28388 Desert Princess Drive, Cathedral City, California 92234
2Beds
2Baths
1,212Sqft
1,742Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Remodeled & Turnkey: The property is described as a 'stunning remodeled property' with a 'sleek, modern vibe and thoughtful design,' offered as a 'turnkey furnished space' ready for immediate occupancy or rental.
Top Cons:
Limited Land Lease Term: The property is subject to a land lease that expires in 2044, which can affect long-term appreciation, financing options, and future ownership security.

Compared to the nearby listings

Price:$349.0K vs avg $300.0K (+$49,000)71%
Size:1,212 sqft vs avg 1,212 sqft50%
Price/sqft:$288 vs avg $24980%

More Insights

Built in 1985 (40 years old).
Condition: Despite being built in 1985, the property has undergone a stunning and extensive modern renovation, as explicitly stated in the description and clearly evidenced by the images. The kitchen features new white shaker cabinets, stainless steel appliances, contemporary countertops, and a subway tile backsplash. Both bathrooms are fully updated with modern vanities, fixtures, and tile work, including glass shower enclosures. The flooring throughout is a mix of clean, large-format tile and well-maintained carpet in bedrooms. All light fixtures are modern, including recessed lighting. The overall aesthetic is sleek, current, and 'turnkey,' indicating no deferred maintenance and components that are virtually new, meeting current quality standards.
Year Built
1985
Close
-
List price
$349K
Original List price
$369K
Price/Sqft
$288
HOA
$954
Days on market
-
Sold On
-
MLS number
219128821DA
Home ConditionExcellent
Features
Good View: Hills
Patio
ViewHills

About this home

New reduction! Are you ready to be blown away by this stunning remodeled property? With its sleek, modern vibe and thoughtful design, this home is not just a place to stay--it's a lifestyle! Imagine waking up to sunny mornings on the patio with southeast-facing views. Step into a turnkey furnished space that's ready for you or your guests to move right in. The established short-term rental history means you can start generating income! Whether you're looking for a personal retreat or a smart investment, this property delivers! Plus, it's nestled in the vibrant Desert Princess community, where you can enjoy engaging activities, beautiful landscapes, and a welcoming atmosphere that makes every day feel like a vacation. Land lease thru 2044, Monthly Ground Rent is $186.94.The Desert Princess has an affordable 27-hole PGA Championship golf course, no Tee-time lotteries, no initiation fees, rated among the best in the valley by GOLF DIGEST. This quiet community is away from the noise yet minutes from everything that is in Palm Springs; restaurants, shopping, casinos, an international airport, the Tramway, Art Museum, Theaters, and the Street Fair.27 Holes of Championship Golf. Restaurant on site. Boasting 34 Community Pools and Spas-Make this your new address!

Nearby schools

6/10
Rio Vista Elementary School
Public,•K-5•0.7mi
5/10
Landau Elementary School
Public,•K-5•1.0mi
4/10
Agua Caliente Elementary School
Public,•K-5•1.4mi
5/10
James Workman Middle School
Public,•6-8•2.4mi
4/10
Desert Learning Academy
Public,•K-12•2.9mi
6/10
Cathedral City High School
Public,•9-12•3.2mi
Condition Rating
Excellent
Despite being built in 1985, the property has undergone a stunning and extensive modern renovation, as explicitly stated in the description and clearly evidenced by the images. The kitchen features new white shaker cabinets, stainless steel appliances, contemporary countertops, and a subway tile backsplash. Both bathrooms are fully updated with modern vanities, fixtures, and tile work, including glass shower enclosures. The flooring throughout is a mix of clean, large-format tile and well-maintained carpet in bedrooms. All light fixtures are modern, including recessed lighting. The overall aesthetic is sleek, current, and 'turnkey,' indicating no deferred maintenance and components that are virtually new, meeting current quality standards.
Pros & Cons

Pros

Remodeled & Turnkey: The property is described as a 'stunning remodeled property' with a 'sleek, modern vibe and thoughtful design,' offered as a 'turnkey furnished space' ready for immediate occupancy or rental.
Income Generating Potential: It boasts an 'established short-term rental history,' indicating a proven ability to generate income, making it an attractive investment opportunity.
Extensive Community Amenities: Located in the vibrant Desert Princess community, residents have access to an affordable 27-hole PGA Championship golf course (no tee-time lotteries or initiation fees), a restaurant on-site, and 34 community pools and spas.
Prime Location & Accessibility: The community offers a quiet retreat yet is minutes away from Palm Springs attractions, including restaurants, shopping, casinos, an international airport, and cultural sites.
Desirable Views & Orientation: The property features 'southeast-facing views' and 'Hills' views, providing pleasant natural light and scenic outlooks from the patio.

Cons

Limited Land Lease Term: The property is subject to a land lease that expires in 2044, which can affect long-term appreciation, financing options, and future ownership security.
High Monthly Association Fee: A significant monthly association fee of $954 adds substantially to the ongoing cost of ownership, potentially impacting affordability and cash flow.
Additional Monthly Ground Rent: In addition to the high HOA fee, there is a separate monthly ground rent of $186.94, further increasing the recurring expenses for the owner.

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