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37530 Melrose Drive, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath

37530 Melrose Drive, Cathedral City, California 92234 home-pic-0
ACTIVE$499,000
37530 Melrose Drive, Cathedral City, California 92234
3Beds
2Baths
1,328Sqft
7,405Lot
Year Built
1957
Close
-
List price
$499K
Original List price
$625K
Price/Sqft
$376
HOA
-
Days on market
-
Sold On
-
MLS number
219135495DA
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,5 Pros. Rank: price - $499.0K(34th), sqft - 1328(12th), beds - 3(50th), baths - 2(50th).

MOTIVATED SELLER, Charming Midcentury Property with Endless Potential in ONE of the quietest streets in the Cathedral City Cove. Surroundings homes have upgrades in excess of $800,000. Overflowing with character, this midcentury home is a rare opportunity nestled in the desirable Cathedral City Cove. Ideally situated on a gently sloping street, it's just a short walk to downtowns' movie theaters, Casino, shops, and restaurants. The expansive backyard is a private oasis featuring synthetic grass, lush landscaping, with plenty of room to add a pool or build a 1700 sqft ADU. A single-car garage with dual parking driveways. Inside, you'll find a cozy living room with a unique fireplace. The one of a kind antique cabinetry kitchen opens directly to the backyard and covered patio, perfect for indoor-outdoor living. A separate laundry room adds convenience. Property has SOLAR at a $330 mo lease.

Nearby schools

6/10
Rancho Mirage Elementary School
Public,•K-5•3.6mi
4/10
Cahuilla Elementary School
Public,•K-5•4.6mi
3/10
Nellie N. Coffman Middle School
Public,•6-8•1.7mi
6/10
Cathedral City High School
Public,•9-12•2.0mi
4/10
Desert Learning Academy
Public,•K-12•4.1mi
6/10
Palm Springs High School
Public,•9-12•4.1mi

Price History

Date
Event
Price
11/01/25
Price Change
$499,000-5.7%
10/28/25
Price Change
$529,000-3.6%
10/20/25
Price Change
$549,000-3.5%
10/13/25
Price Change
$569,000-1.7%
10/04/25
Price Change
$579,000-3.3%
09/27/25
Price Change
$599,000-4.2%
09/17/25
Listing
$625,000
Condition Rating
Fair
Built in 1957, this mid-century home retains much of its original character and has not undergone a recent extensive renovation. The kitchen features 'antique cabinetry' and dated countertops/backsplash, requiring a full modernization to meet current buyer expectations, although the refrigerator appears newer. Other areas show older styling (e.g., mirrored closet doors, dated light fixtures, wall paneling). While the property appears well-maintained with some minor updates like newer windows and artificial turf, major components like the kitchen are functional but significantly outdated, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Desirable Location & Walkability: Situated on one of the quietest streets in the sought-after Cathedral City Cove, offering easy walking access to downtown amenities including theaters, casino, shops, and restaurants.
Significant Expansion & Value-Add Potential: The expansive backyard provides ample space for adding a pool or a substantial 1700 sqft ADU, coupled with surrounding upgraded homes suggesting strong appreciation potential.
Midcentury Charm & Unique Features: The property retains its charming midcentury character, featuring a cozy living room with a unique fireplace, appealing to buyers seeking distinctive architectural style.
Mountain Views: Enjoyable mountain views enhance the property's aesthetic appeal and contribute to its overall desirability.
Motivated Seller & Price Competitiveness: The seller's motivation and substantial price reductions (from $625k to $499k) indicate a strong opportunity for a competitive purchase.

Cons

Solar Lease Obligation: The property comes with a $330/month solar lease, adding a significant ongoing utility expense for the new owner.
Outdated Interior & Potential Renovation Costs: The 'one of a kind antique cabinetry kitchen' and overall midcentury age (1957) suggest that significant interior updates, particularly in the kitchen and potentially other systems, will be required to modernize the home.
History of Price Reductions & Valuation Discrepancy: Multiple substantial price drops from the original listing and a current list price still above automated property estimations may indicate initial overpricing or market resistance, raising questions about its current perceived value.

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