37827 Melrose Drive, Cathedral City, California 92234, Cathedral City, 92234 - 2 bed, 2 bath
ACTIVE UNDER CONTRACT$462,500
37827 Melrose Drive, Cathedral City, California 92234
2Beds
2Baths
1,471Sqft
10,019Lot
Year Built
1959
Close
-
List price
$463K
Original List price
$463K
Price/Sqft
$314
HOA
-
Days on market
-
Sold On
-
MLS number
219138936DA
Home ConditionTear down
Features
Good View: Mountain(s), Pool
Pool
ViewMountain(s), Pool
About this home
Possibly Over-Priced:The estimated price is 38% below the list price. We found 4 Cons,6 Pros. Rank: price - $462.5K(18th), sqft - 1471(23th), beds - 2(10th), baths - 2(50th).
Good location in the Cathedral City Cove with mountain views. Built in 1959, this mid-century project has good bones, but has not been updated. Kitchen, baths, doors, windows, pool are original. You'll probably want to gut this and remodel it to your liking. Current owner purchased the home in 1982. Great opportunity to own a private pool home on a .23 acre lot in the highly desirable Cathedral City Cove. Bring your imagination and your sense of vision. Excellent primary residence or investment opportunity.
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•1.9mi
6/10
Cathedral City High School
Public,•9-12•2.2mi
4/10
Desert Learning Academy
Public,•K-12•4.1mi
6/10
Palm Springs High School
Public,•9-12•4.2mi
Price History
Date
Event
Price
11/28/25
Listing
$462,500
Condition Rating
Tear down
Built in 1959, this property is 65 years old and the listing explicitly states it 'has not been updated' with 'Kitchen, baths, doors, windows, pool are original.' The description advises a buyer 'will probably want to gut this and remodel it to your liking' and highlights 'Outdated Systems/Components.' This indicates no major renovations in over 50 years, and while it may have 'good bones,' its current state requires a complete overhaul of all major systems and finishes, making its value primarily in the land and redevelopment potential.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 1471.
Desirable Location: Situated in the highly sought-after Cathedral City Cove, known for its good location and community appeal.
Mountain Views: Offers picturesque mountain views, enhancing the property's aesthetic appeal and desirability.
Private Pool: Includes a private pool, a significant and valuable amenity, especially in the desert climate.
Generous Lot Size: Sits on a substantial 0.23-acre (10,019 sqft) lot, providing ample outdoor space and privacy.
Renovation Potential: Described as having 'good bones' and offering a significant opportunity for a buyer to customize and add substantial value through a full remodel.
Cons
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
Extensive Renovation Required: The property is largely original from 1959, with kitchen, baths, doors, windows, and pool all requiring a complete overhaul.
Outdated Systems/Components: The age of the property (1959) and original components suggest outdated electrical, plumbing, and potentially HVAC systems, leading to higher maintenance or replacement costs.
Significant Upfront Investment: Requires substantial capital and effort for a full 'gut and remodel,' which may deter buyers seeking move-in ready homes.