37530 Melrose Drive, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath
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Cathedral City, California 92234
This Versatile Desert Residence is a Strong Value Opportunity, listed at $450,000—positioned well below the $494,284 Fair Market Value by 8%. This valuation gap offers $44,284 in Instant Equity. The home maintains a Condition Rating of 3, featuring Solar Panels, stainless appliances, and impressive Mountain Views. Its flexible layout and large 7,841 sqft lot provide high utilization in the premier Cathedral City Cove neighborhood. This is an ideal match for Owner-Occupants or Buy-and-Hold Investors seeking a stable, move-in-ready asset with immediate financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 37530 Melrose Drive Subject | $450,000* List Price | 3 | 2 | 1,328 | $372 | - |
A 68286 Grandview Avenue Sold | $545,000 | 2 | 2 | 1,508 | $361 | 0.6 mi |
B 37511 Palo Verde Drive Sold | $475,000 | 2 | 2 | 1,269 | $374 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant interior updates despite its 1957 build date. Key improvements include modern wood-look laminate flooring throughout, updated stainless steel kitchen appliances, recessed lighting, and the installation of solar panels. While the kitchen cabinetry style is somewhat mismatched and the roof shows some minor shingle patching, the overall condition is well-maintained with no immediate major repairs evident.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1328.
Situated in the highly sought-after Cathedral City Cove, the property offers proximity to premier golf courses, dining, and the vibrant Coachella Valley lifestyle.
The home features impressive mountain views, providing a picturesque desert backdrop that enhances the overall aesthetic and tranquility of the outdoor living space.
Built in 1957, the property may require updates to its aging systems or structural elements to meet modern efficiency and building standards.
The assigned middle school has a lower performance rating, which could be a consideration for families prioritizing top-tier educational districts.
Discover 37530 Melrose Drive -- your desert oasis in Cathedral City Cove!Perfectly positioned in one of Cathedral City's most desirable neighborhoods, this charming residence combines comfort, style, and exceptional value. Step inside to an inviting open layout filled with natural light, creating a warm and welcoming space for everyday living and entertaining.The home offers generous living areas, a thoughtfully designed kitchen, and comfortable bedrooms that invite rest and relaxation. Outside, enjoy your private desert retreat--ideal for soaking up the sunshine, hosting outdoor dinners, or simply unwinding under the stars.Located just minutes from premier golf courses, shopping, dining, and the best of the Coachella Valley lifestyle, this home makes an excellent full-time residence, seasonal getaway, or investment opportunity.Don't miss your chance to own in Cathedral City Cove! Professional photos and more details coming soon--act fast before this one is gone.PS the 3rd bedroom was converted into office or den and can easily be converted back to bedroom.
No exterior & parking available.
Grades K-5 • 3.6 mi
Grades K-5 • 4.6 mi
Grades 6-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,328 | 1,766 | 15% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $450.0K | $545.0K | 18% |
| Price per sq ft | $339 | $309 | 66% |
| Built year | 1957 | 1992 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 184 | 1% |
Apr 7, 2026
$450,000
$499,000
-10% Price Drop
Initial Listing
Apr 1, 2026
$499,000
Initial Listing
Aug 4, 2021
$450,000
Public Record
Jul 30, 2012
$170,000
Public Record
Dec 30, 2010
$150,000
Public Record
Jun 5, 2003
$162,000
Public Record
Jun 9, 1999
$80,000
Public Record
Jul 31, 1997
$72,000
Public Record
Jan 31, 1997
$65,000
Public Record