28740 Desert Princess Drive, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath
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Cathedral City, California 92234
This designer-renovated Condominium represents a High-Potential Investment Opportunity, listed at $379,000—positioned above the $348,481 Fair Market Value. While priced at a premium, the property features a Mint Condition Rating and offers rare Short-Term Rental Permissibility within a guard-gated community. With Panoramic Golf Course and Mountain Views, this unit provides immediate lifestyle appeal and income-generating potential. It is an ideal acquisition for Buy-and-Hold Investors seeking a turnkey vacation asset or Owner-Occupants desiring a resort-style desert retreat with extensive amenities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28740 Desert Princess Drive Subject | $379,000* List Price | 3 | 2 | 1,285 | $271 | - |
A 67527 N Portales Drive Sold | $269,000 | 2 | 2 | 1,212 | $222 | 0.4 mi |
B 67488 Toltec Court Sold | $320,000 | 2 | 2 | 1,285 | $249 | 0.3 mi |
C 28667 Taos Court Sold | $296,500 | 2 | 2 | 1,212 | $245 | 0.2 mi |
D 67619 N Portales Drive Sold | $289,000 | 3 | 2 | 1,285 | $225 | 0.3 mi |
E 29221 E Portales Drive Sold | $290,000 | 2 | 2 | 1,212 | $239 | 0.3 mi |
F 28738 W Natoma Drive Sold | $275,000 | 2 | 2 | 1,177 | $234 | 0.3 mi |
G 67825 N Portales Drive Sold | $275,000 | 2 | 2 | 1,212 | $227 | 0.3 mi |
H 67270 Cumbres Court Sold | $270,000 | 2 | 2 | 984 | $274 | 0.5 mi |
I 67451 Toltec Court Active | $385,000 List Price | 3 | 2 | 1,285 | $300 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is designer-renovated with a modern aesthetic, featuring updated LVP flooring, recessed lighting, and a refreshed kitchen with newer stainless steel appliances. Major systems are in top shape with a newer water heater and recently serviced HVAC, qualifying it as a mint-condition renovation under 5 years old.
The allowance of short-term rentals makes this property a rare and highly desirable opportunity for investors or those seeking a flexible vacation home in a guard-gated community.
This designer-renovated unit features 10’5’’ ceilings and offers stunning, unobstructed views of the golf course and Mt. San Jacinto from the community’s largest rear patio.
Residents benefit from an extensive amenity package including a 27-hole PGA golf course, 30+ pools, and inclusive social, fitness, and tennis memberships.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
At $954 per month, the association fees are significant and may impact the overall monthly carrying costs and affordability for some buyers.
The property is located on leased land rather than fee simple, which can be a deterrent for some buyers and may require specific financing considerations despite the 2069 extension.
Designer-renovated Palm Springs retreat in in guard-gated desert Princess. 3BR/2BA single-level home w/10’5’’ ceilings, with stunning golf course and Mt. San Jacinto views in one of the best locations within Desert Princess Country Club. SHORT-TERM RENTALS ARE PERMITTED, MAKING THIS AN EXCELLENT FULL-TIME RESIDENCE, VACATION HOME, OR INVESTMENT OPPORTUNITY. Single level, featuring inside laundry, abundant storage, walk-in closets, detached 1-car garage, and the community’s largest rear patio with desirable east exposure. Recent improvements include newer appliances, water heater, and a recently serviced HVAC system. Desert Princess offers a 27-hole PGA Championship golf course, 30+ pools and spas, fitness center, tennis, pickleball, clubhouse, dining, walking trails, and 24-hour gated security. HOA includes cable, internet, water, exterior maintenance and insurance, plus social, fitness, and tennis memberships. Land lease extended through 2069. Minutes from Palm Springs, Palm Springs International Airport, shopping, dining, and entertainment.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,285 | 1,194.5 |
| Lot Size | 1,742.4 | 1,307 |
| Price | $379.0K | $295.2K |
| Price per sq ft | $295 | $227 |
| Built year | 1986 | 1985 |
| HOA | $954.0 | $622 |
| Days on market | 36 | 98 |
Jun 16, 2026
$379,000
Initial Listing