
Cathedral City, California 92234
This 1-bedroom condominium represents a Strong Value Opportunity, listed at $289,000—positioned well below the $281,521 Fair Market Value by -2%. Featuring a Condition Rating of 3, this ground-floor unit offers a serene lakefront setting with access to five pools and seven spas. The flexible bonus room enhances utility, making it a versatile asset for those seeking a desert retreat. This property is an ideal acquisition for Buy-and-Hold Investors or seasonal residents looking for a turnkey, resort-style lifestyle in Cathedral City.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 35200 Cathedral Canyon Drive R139 Subject | $289,000* List Price | 1 | 2 | 1,080 | $261 | - |
A 35200 Cathedral Canyon Drive S149 Sold | $255,000 | 1 | 2 | 1,080 | $236 | 0.0 mi |
B 35200 Cathedral Canyon Drive 82 Sold | $292,500 | 2 | 2 | 1,384 | $211 | 0.1 mi |
C 69130 Gerald Ford Drive 41 Sold | $215,000 | 2 | 2 | 900 | $239 | 0.5 mi |
D 35200 Cathedral Canyon Drive Z199 Sold | $339,000 | 2 | 2 | 1,335 | $254 | 0.1 mi |
E 34041 Calle Mora 104 Sold | $350,000 | 2 | 2 | 1,171 | $299 | 0.7 mi |
F 35200 Cathedral Canyon Drive 81 Sold | $305,000 | 2 | 2 | 1,384 | $220 | 0.1 mi |
G 34187 Calle Mora Active | $290,000 List Price | 2 | 2 | 1,171 | $248 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1989, the property has been well-maintained with significant cosmetic updates including modern wide-plank flooring and fresh paint. While some elements like the kitchen tile countertops and entryway flooring appear dated, the unit is move-in ready and functional.
Situated on the ground floor directly facing the lake and waterfalls, this unit offers a rare and tranquil indoor-outdoor living experience with exceptional water views.
Residents enjoy access to an extensive array of facilities including five pools, seven spas, and courts for tennis and pickleball, providing a high-end lifestyle at a competitive price point.
At 1,080 square feet, the inclusion of a dedicated bonus room offers significant versatility for use as a home office or guest quarters, exceeding the utility of a standard one-bedroom layout.
The monthly HOA fee of $590 represents a significant recurring expense that may impact the affordability and debt-to-income ratios for budget-conscious buyers.
As a one-bedroom residence, the property may face a smaller pool of potential buyers compared to traditional two-bedroom units, potentially affecting long-term resale velocity.
Enjoy resort-style living in a premium location situated ground-floor lakefront inside the gated community of Canyon Shores surrounded by tranquil running brooks, waterfalls, lush greenbelts, and peaceful water features. Open floorpan with indoor/outdoor living that literally brings the views inside. A 1-bedroom residence with an additional bonus room offers the perfect desert escape. The flexible bonus space is ideal for guests, a home office, or additional sleeping accommodations. Relax and unwind on your private patio overlooking the soothing waterways and serene landscape that create a true sense of calm and privacy. Also an active lifestyle exists! Canyon Shores is known for its picturesque setting and exceptional resort amenities including 5 pools, 7 spas, tennis courts, pickleball courts, basketball court, fitness center, saunas, clubhouse, library, and recreation rooms. The LOW HOA covers water, trash, ground maintenance, and recently completed community roofing in 2025. Plenty of guest parking and beautifully maintained grounds enhance the carefree lifestyle.Ideally located between Palm Springs and Palm Desert, you are just minutes from golf courses, Agua Caliente Casino Cathedral City, shopping, dining on El Paseo Shopping District, Palm Springs International Airport, and the renowned Indian Wells Tennis Garden. The nearby CV Link pathway is just outside the gates for easy access for walking, biking, jogging, and golf cart cruising throughout the valley.Whether you are seeking a full-time residence, seasonal retreat, or income-producing investment opportunity, this desert oasis delivers the perfect blend of comfort, location, recreation, and relaxation.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 7% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,080 | 1,335 | 16% |
| Lot Size | 961 | 1,307 | 26% |
| Price | $289.0K | $290.0K | 46% |
| Price per sq ft | $268 | $234 | 84% |
| Built year | 1989 | 1985 | 84% |
| HOA | $590.0 | $591 | 49% |
| Days on market | 12 | 209 | 1% |
May 26, 2026
$289,000
Initial Listing
Oct 26, 2022
$275,000
Public Record
Jul 29, 2004
$187,000
Public Record
Mar 25, 2004
$150,000
Public Record