29417 E. Trancas Drive, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 4 bath
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Cathedral City, California 92234
This Spacious Golf Course Villa is a Strong Value Opportunity, listed at $550,000—positioned well below the $575,172 Fair Market Value by 4%. This valuation gap provides $25,172 in Instant Equity. Boasting a Good Condition Rating, the home features a new HVAC system, EcoWater filtration, and an extended land lease through 2069. Residents enjoy mountain views from a private Cool Deck patio within the gated Desert Princess community. Located in the Palm Springs Unified district, it balances resort lifestyle with financial upside. This is an ideal acquisition for Owner-Occupants or seasonal investors seeking a turnkey desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29417 E. Trancas Drive Subject | $525,000* List Price | 3 | 4 | 2,117 | $260 | - |
A 29839 Sandy Court Sold | $525,000 | 3 | 3 | 1,841 | $285 | 0.2 mi |
B 67954 S Trancas Drive Sold | $500,000 | 3 | 4 | 2,117 | $236 | 0.3 mi |
C 29320 S Laguna Drive Sold | $460,000 | 3 | 3 | 1,841 | $250 | 0.1 mi |
D 68290 Hermosillo Sold | $565,000 | 3 | 3 | 1,875 | $301 | 0.4 mi |
E 68240 Concepcion Road Sold | $623,000 | 3 | 3 | 2,298 | $271 | 0.3 mi |
F 67925 Vega Road Sold | $584,000 | 3 | 2 | 1,971 | $296 | 0.6 mi |
G 29136 W Laguna Drive Active | $555,000 List Price | 2 | 3 | 1,975 | $281 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready, turnkey condition with significant recent capital improvements, including a new HVAC system, new hot water system, and a whole-home EcoWater filtration system. While the 1990 build date and some interior aesthetics like the cabinetry and layout reflect its original era, the home has been exceptionally well-maintained with updated dual-pane windows and a private 'Cool Deck' patio. It meets the 'good' criteria as major systems are new or within their expected lifespan and no immediate renovations are required for occupancy.
The land lease is secured through 2069, offering exceptional long-term stability and easier financing options compared to other lease-land properties in the area.
The property features a new HVAC system, a new hot water system, and a whole-home EcoWater system, providing immediate peace of mind and energy efficiency.
This spacious villa offers soaring cathedral ceilings and a private Cool Deck patio with stunning golf course and mountain views, sold fully equipped with all appliances and electronics.
The association fee of $995 per month is relatively high, which may impact the overall affordability and appeal for budget-conscious buyers.
Despite the long extension, the property is on a land lease rather than fee simple ownership, which can limit the pool of potential buyers who prefer traditional land title.
Located in the gated community of Desert Princess Country Club, this spacious 2,117 sq. ft. villa offers 3 bedrooms and 3.5 bathrooms and the added advantage of a land lease extended through 2069, providing long-term stability and peace of mind. The open-concept layout features soaring cathedral ceilings and abundant natural light through dual-pane windows. Generous living spaces flow seamlessly to a private Cool Deck patio with golf course and mountain views — ideal for indoor-outdoor desert living. Recent upgrades include a new HVAC system, new hot water system, and a whole-home EcoWater system for enhanced comfort and efficiency. All appliances are included, along with three mounted televisions, creating a convenient turnkey opportunity. HOA amenities include exterior maintenance, landscaping, irrigation, and Spectrum cable.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 93% |
| Square foot | 2,117 | 1,771.5 | 77% |
| Lot Size | 6,534 | 7,841 | 22% |
| Price | $525.0K | $545.0K | 43% |
| Price per sq ft | $248 | $308 | 14% |
| Built year | 1990 | 1992 | 48% |
| HOA | $995.0 | $0 | 95% |
| Days on market | 65 | 184 | 7% |
Mar 24, 2026
$525,000
$550,000
-5% Price Drop
Initial Listing
Feb 16, 2026
$550,000
Initial Listing
May 14, 2019
$270,000
Public Record
Jun 1, 1992
$200,000
Public Record