29438 W Laguna Drive, Cathedral City, California 92234, Cathedral City, 92234 - 2 bed, 3 bath
29438 W Laguna Drive
Cathedral City, California 92234
Property Price
SUMMARY
Analysis of 29438 W Laguna Drive, Cathedral City, California 92234 reveals a Fairly Priced Property with a current list price of $550,000 aligned with the estimated $548,284 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Cathedral City Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29438 W Laguna Drive Subject | $550,000* List Price | 2 | 3 | 1,500 | $366 | - |
A 29741 W Laguna Drive Sold | $650,000 | 2 | 3 | 1,500 | $433 | 0.2 mi |
B 29839 Sandy Court Sold | $525,000 | 3 | 3 | 1,841 | $285 | 0.3 mi |
C 67795 Via Seguro Sold | $525,000 | 3 | 2 | 1,636 | $321 | 0.8 mi |
D 68120 Empalmo Road Sold | $460,000 | 3 | 2 | 1,573 | $292 | 1.0 mi |
E 30060 Travis Avenue Sold | $495,000 | 3 | 2 | 1,550 | $319 | 0.5 mi |
F 29887 E Trancas Drive Active | $398,000 List Price | 2 | 3 | 1,461 | $272 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and exceptionally well-maintained. Although built in 2000, it features high-value modern upgrades including owned solar and two Tesla Powerwalls, which enhance the home's efficiency. The interior features vaulted ceilings, a tile-framed fireplace, and en suite bathrooms that appear functional and clean. The addition of a private pool, spa, and well-kept landscaping further supports a 'good' condition rating despite some original architectural finishes.
PROSSTRENGTHS & OPPORTUNITIES
- Energy Efficiency & Cost Savings
The property features owned solar panels and two Tesla Powerwalls, which nearly eliminate electricity costs—a major financial benefit in the desert climate.
- Premium Lot & Outdoor Living
Situated on fee land (owned) with a private pool and spa, the home offers picturesque views of the golf course and mountains, providing a high-end resort experience.
- Comprehensive Community Amenities
Located in the Desert Princess Country Club, residents enjoy access to golf, tennis, a fitness center, and a spa, with HOA fees covering cable, internet, and landscaping.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1500, other record living area = 1425.
- High Monthly HOA Fees
The association fee of $995 per month is substantial, which may impact the overall affordability and debt-to-income ratio for potential buyers.
- Limited Bedroom Count
With only two bedrooms, the property may lack the versatility required for larger families or buyers seeking dedicated guest rooms and separate office spaces.
About 29438 W Laguna Drive
Enjoy resort-style living in this beautifully maintained 2-bedroom, 3-bath home with owned solar and owned (fee)land, located in the prestigious gated community of Desert Princess Country Club. The bright open floorplan features vaulted ceilings, expansive windows, and a glass sliding door that frames picturesque views of the lush backyard, golf greens, and your own private pool and spa. The inviting covered patio is perfect for relaxing or hosting BBQs, while an additional side patio creates a charming space for al fresco dining. Inside, the spacious living room offers a cozy tile-framed fireplace and flows seamlessly into the kitchen, complete with ample cabinetry, pantry storage, and convenient bar seating. Both bedrooms are generously sized en suites, providing privacy and comfort, while a hallway half bath accommodates guests. The primary suite also includes a versatile retreat area--ideal for a home office, reading nook, or fitness space. Additional features include a dedicated laundry room, 2 Tesla power walls that nearly eliminate electric bills, and direct-access 2-car garage. Set against a backdrop of stunning mountain views and beautifully landscaped grounds, Desert Princess offers an exceptional array of amenities including golf, a country club, pools, wellness spa, tennis, fitness center, and lounge with included cable, internet and landscaping. Ideally located near Palm Springs International Airport and vibrant downtown Palm Springs, this home delivers the perfect blend of privacy, convenience, and resort living.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2000
- Lot Size
- 6,534 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $995.0 / Month
Neighborhood Insights
Cathedral City Unified Schools
Landau Elementary School
Grades K-5 • 0.6 mi
Agua Caliente Elementary School
Grades K-5 • 0.7 mi
Rio Vista Elementary School
Grades K-5 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 9% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 1,500 | 1,751 | 28% |
| Lot Size | 6,534 | 7,841 | 21% |
| Price | $550.0K | $545.0K | 52% |
| Price per sq ft | $367 | $309 | 79% |
| Built year | 2000 | 1994 | 62% |
| HOA | $995.0 | $0 | 98% |
| Days on market | 3 | 179 | 1% |
Pricing History
Listed for Sale
Mar 4, 2026
$550,000
Initial Listing
Sold
Apr 16, 2021
$390,000
Public Record
Sold
Mar 7, 2001
$180,000
Public Record