28984 Desert Princess Drive, Cathedral City, California 92234, Cathedral City, 92234 - 1 bed, 2 bath
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Cathedral City, California 92234
This condo presents a High-Potential Investment Opportunity with a List Price of $229,000—positioned above the $203,382 Fair Market Value. While the price reflects a premium, the property offers a Condition Rating of 4, providing a functional, turnkey rental asset. Featuring panoramic golf course and mountain views, this unit includes access to 35 community pools, tennis courts, and a full-service spa. With a proven rental history, this is a stable, income-generating asset ideal for Buy-and-Hold Investors or vacation home seekers looking for resort-style living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28984 Desert Princess Drive Subject | $219,000* List Price | 1 | 2 | 851 | $240 | - |
A 67268 S Chimayo Drive Sold | $215,000 | 1 | 2 | 851 | $253 | 0.5 mi |
B 28621 E Portales Drive Sold | $215,000 | 2 | 2 | 984 | $218 | 0.3 mi |
C 28738 W Natoma Drive Sold | $275,000 | 2 | 2 | 1,177 | $234 | 0.2 mi |
D 67438 67438 Toltec Active | $201,000 List Price | 1 | 2 | 851 | $236 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, this 40-year-old unit is functional but dated. The kitchen features older granite-style tile counters and mid-range stainless appliances, while the bathroom remains largely original with 1980s-style tile-and-wood vanities and older fixtures. While move-in ready for a rental, it lacks the recent renovations (within 15 years) required for a 'Good' rating.
The property offers access to world-class facilities including a 27-hole PGA golf course, 35 community pools, tennis and pickleball courts, and a full-service spa, providing a high-end lifestyle.
Situated on a prime corner lot steps from the pool, the unit features panoramic views of the lush fairways and majestic mountain ranges, maximizing its aesthetic appeal.
The condo comes fully furnished with a documented excellent rental history, making it an ideal ready-to-go opportunity for seasonal investors or vacation home seekers.
The association fee of $995 per month is substantial relative to the purchase price, which may impact the net return on investment and overall monthly affordability.
With only one bedroom and 851 square feet, the property may be restrictive for buyers requiring a home office, guest space, or more expansive living areas.
This beautiful condo is steps from the pool and overlooks the sprawling lush fairways of the prestigious Desert Princess community. You will love the surrounding peaceful views from this 1 bedroom, 2 bath prime corner lot. The Desert Princess Country Club is a 27-hole PGA Championship golf course boasting majestic views of serene nearby mountain ranges. The resort like HOA amenities are top notch and makes for pampered living, whether this is your vacation home or full time residence. The Desert Princess showcases a lap pool with 35 additional community pools and spas, 7 Plexi Pave US Open tennis courts, fitness facility, pickle ball, a full-service spa, a Social Membership to the country club with 20% off food, (no monthly minimums) and the list goes on. This unit also yields an excellent rental history! 10 minutes from the Palm Springs International Airport, minutes to Downtown Palm Springs, exquisite shopping, vintage boutiques, and renowned restaurants are just a handful of the attractions that are conveniently located nearby. Fully furnished...close escrow in time for the peak fall, winter, and spring seasons...
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 6% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 851 | 1,335 | 5% |
| Lot Size | 1,307 | 1,307 | 50% |
| Price | $219.0K | $290.0K | 9% |
| Price per sq ft | $257 | $232 | 80% |
| Built year | 1986 | 1985 | 53% |
| HOA | $995.0 | $592 | 80% |
| Days on market | 26 | 213 | 3% |
Jun 10, 2026
$219,000
$229,000
-4% Price Drop
Initial Listing
May 18, 2026
$229,000
Initial Listing