
Palm Springs, California 92264
This Strong Value Opportunity is listed at $499,000, positioned well below the $521,686 Fair Market Value by 4%. This valuation gap provides $22,686 in Instant Equity for the buyer. Featuring a Good Condition Rating, the home offers modern upgrades like polished travertine floors and a newer A/C system. With its Prime Perimeter Location providing unobstructed lake and mountain views, this residence is an ideal choice for Owner-Occupants seeking a serene desert retreat or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3081 Regency Drive Subject | $499,000* List Price | 3 | 2 | 1,826 | $286 | - |
A 3060 Kirkwood Drive Sold | $550,900 | 3 | 2 | 2,027 | $272 | 0.2 mi |
B 7562 Regency Drive Sold | $447,000 | 3 | 2 | 1,828 | $245 | 0.2 mi |
C 6749 Rockwood Circle Sold | $544,000 | 3 | 2 | 2,027 | $268 | 0.4 mi |
D 7571 Calle Mazamitla Sold | $450,000 | 3 | 2 | 1,841 | $244 | 0.3 mi |
E 7523 Regency Drive Sold | $413,000 | 2 | 2 | 1,486 | $278 | 0.2 mi |
F 3081 Regency Drive Active | $512,000 List Price | 3 | 2 | 1,826 | $280 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1988, the property is well-maintained and move-in ready due to significant recent updates. Key improvements include a newer HVAC system, new contemporary plank flooring in bedrooms, and professionally polished travertine floors. The kitchen has been refreshed with stainless appliances and white cabinetry. Although some bathroom fixtures (gold-trimmed shower) remain dated, the overall condition and system upgrades meet the 'Good' criteria.
Situated on a rare perimeter lot, this residence offers exceptional privacy and unobstructed views of the lake, mountains, and golf course without looking into neighboring units.
The home features significant recent improvements, including a newer A/C system, professionally polished travertine floors, and contemporary wood-tone plank flooring in the bedrooms.
With 1,826 square feet of living space, skylights, and expansive glass doors, the home provides a bright, airy atmosphere that seamlessly connects the interior to the desert landscape.
The monthly association fee of $598 is a substantial recurring expense that may impact the overall affordability and debt-to-income ratio for prospective buyers.
With a lot size of 1,742 square feet—smaller than the interior living area—the property offers very limited private outdoor space beyond the patio, typical of high-density condo living.
Set lakeside in one of the most desirable perimeter locations within Cathedral Canyon Country Club, this 3-bedroom, 2-bath residence offers 1,826 square feet of light-filled living with uninterrupted mountain, golf course, and water views. Positioned on the outer edge of the community, this is one of only a limited number of homes that does not look into neighboring units or over rooftops, allowing for rare privacy and wide-open sightlines to the surrounding mountains and landscape. The open living and dining areas are enhanced by skylights and expansive glass doors that frame the lush fairways, tranquil lake, and dramatic desert scenery beyond. The refreshed kitchen features crisp white cabinetry, stainless appliances, and a bright breakfast nook with picturesque water and fairway views. The primary suite is a serene retreat with a separated private patio access and a spacious ensuite bath with dual vanities, soaking tub, and separate shower. Two additional bedrooms offer flexible use for guests, office, or den. There is also a large 2-car garage with ample storage space. Recent upgrades include a newer A/C system, skylights, carpeting, and travertine floors that have been professionally stripped and polished to a beautiful high-gloss finish. The bedrooms feature new contemporary plank flooring in warm, natural wood tones. Step outside to an expansive covered patio offering distinct spaces for dining and relaxed lounging, framed by a charming low wall and gate that gently define the space, all overlooking sweeping lakeside and mountain views. Cathedral Canyon Country Club offers multiple pools and spas, golf, tennis, and beautifully maintained grounds, all in a prime location close to shopping, dining, and outdoor recreation. This charming residence, tucked along the lake in a serene setting with pine trees overhead and water birds gliding across the lake, captures the quiet luxury of desert living. Enjoy peaceful morning coffee by the water, sunlit afternoons beneath open skies, and evenings washed in mountain silhouettes. This is a home designed not just to be lived in, but to be experienced. It offers a private retreat where space, light, and landscape come together to create a lasting sense of calm and connection to the natural beauty of the desert.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 71% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,826 | 1,391 | 74% |
| Lot Size | 1,742 | 871 | 69% |
| Price | $499.0K | $495.0K | 50% |
| Price per sq ft | $273 | $359 | 16% |
| Built year | 1988 | 1977 | 90% |
| HOA | $598.0 | $620 | 41% |
| Days on market | 24 | 151 | 1% |
May 13, 2026
$499,000
Initial Listing
May 1, 1992
$44,000
Public Record