32505 Candlewood Drive 27, Cathedral City, California 92234, Cathedral City, 92234 - 2 bed, 2 bath
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Cathedral City, California 92234
This Value-Add Desert Condo is listed at $229,900, representing the most affordable entry point in the complex compared to its $215,810 Fair Market Value. Boasting a Condition Rating of 4, the asset requires cosmetic modernization to maximize value, though it currently features updated laminate flooring and dual patios with mountain and pool views. Residents enjoy gated security and resort amenities within the Palm Springs Unified School District. This property serves as a strategic acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity through improvements in a central location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 32505 Candlewood Drive 27 Subject | $229,900* List Price | 2 | 2 | 848 | $256 | - |
A 31200 Landau Boulevard 104 Sold | $220,000 | 2 | 2 | 906 | $243 | 0.5 mi |
B 32200 Cathedral Canyon Drive 89 Sold | $175,000 | 1 | 1 | 745 | $235 | 0.5 mi |
C 31200 Landau Boulevard 1103 Sold | $259,000 | 2 | 2 | 862 | $300 | 0.6 mi |
D 32505 Candlewood Dr 54 Sold | $236,000 | 2 | 2 | 848 | $278 | 0.1 mi |
E 32505 Candlewood Drive 82 Sold | $295,000 | 2 | 2 | 1,006 | $293 | 0.1 mi |
F 31200 Landau Boulevard 605 Active | $272,000 List Price | 2 | 2 | 906 | $300 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, this property is in mostly original condition and requires cosmetic modernization. While the unit features updated laminate wood flooring, the kitchen and bathrooms retain dated 1980s-style cabinetry, fluorescent lighting, and older appliances. The presence of dated wallpaper and the listing's own admission that 'updating is needed' align with the fair condition criteria for a functional but outdated home.
As the lowest-priced unit in the complex, this property presents a prime opportunity for investors or first-time buyers to enter the market and build equity through improvements.
Located in a secure gated community, the unit offers access to premium amenities including two pools, spas, and tennis courts, all within a central location between Palm Springs and Rancho Mirage.
This lower-level condo features dual private patios that provide both mountain and pool views, maximizing the desert lifestyle and offering easy access to recreational facilities.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The property is noted as needing updates throughout, which will require the buyer to budget for immediate additional capital expenditures for modernizing the space.
The monthly association fee of $430 is relatively high for a unit of this size, which may impact the overall affordability and debt-to-income ratio for some buyers.
Lowest priced 2/BR in the complex! Updating needed; however, this is a charming lower-level condo, and with just a few upgrades, you could be the owner of one of the best investments in the complex! Candlewood Villas I is a gated community with two Pools/Spas, plus Tennis Courts! This unit is just steps to the pool/spa with mountain views from the front gated patio and living room, and that beautiful pool view from the private back patio. There is laminated wood flooring throughout the unit. This gated complex is centrally located between Palm Springs and Rancho Mirage with quick access to Hwy 111 and the I-10, two Casinos, golf courses, shopping and dining. Please contact me for your private showing before it's gone!
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 848 | 1,335 | 3% |
| Lot Size | - | 1,307 | 21% |
| Price | $229.9K | $290.0K | 12% |
| Price per sq ft | $271 | $232 | 83% |
| Built year | 1985 | 1985 | 50% |
| HOA | $430.0 | $590 | 5% |
| Days on market | 63 | 214 | 6% |
Apr 12, 2026
$229,900
Initial Listing
Oct 25, 2013
$89,000
Public Record