38207 Paradise Way, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath
38207 Paradise Way
Cathedral City, California 92234
Property Price
SUMMARY
Analysis of 38207 Paradise Way, Cathedral City, California 92234 reveals a Fairly Priced Property with a current list price of $669,000 aligned with the estimated $662,436 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Cathedral City Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38207 Paradise Way Subject | $669,000* List Price | 3 | 2 | 1,341 | $494 | - |
A 39390 Marietta Circle Sold | $700,000 | 3 | 2 | 1,525 | $459 | 0.7 mi |
B 38855 Paradise Way Sold | $840,000 | 4 | 3 | 1,777 | $473 | 0.3 mi |
C 68680 Sharpless Road Sold | $590,000 | 4 | 3 | 1,371 | $430 | 0.6 mi |
D 68579 E Street Active | $625,000 List Price | 3 | 2 | 1,404 | $445 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1958, this mid-century ranch has been extensively and recently renovated to meet modern standards. The property features a fully updated kitchen with stainless steel appliances, modernized bathrooms, fresh interior and exterior paint, and new LED lighting. Significant infrastructure upgrades, including a recently installed tankless water heater and updated electrical panels for both the home and garage, eliminate deferred maintenance. The addition of brand-new carpet and well-maintained outdoor amenities like the pool, spa, and viewing deck confirm its status as a high-quality, move-in-ready renovation.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 9148, living area = 1341.
- Premium Outdoor Amenities
The property features a private pool, spa, built-in BBQ, and a unique upper viewing deck that captures stunning mountain and valley floor views, ideal for desert entertaining.
- Significant Infrastructure Upgrades
Recent improvements including a tankless water heater, updated electrical panels for both the home and garage, and fresh interior/exterior paint provide peace of mind and immediate move-in readiness.
CONSRISKS & DEFICIENCIES
- Compact Interior Layout
At 1,341 square feet for a three-bedroom configuration, the living spaces and bedrooms may feel somewhat small compared to modern residential standards.
- Flooring Material Choice
The use of brand-new carpet in the living area and bedrooms may be a drawback for desert buyers who typically prefer hard-surface flooring throughout for cooling and maintenance purposes.
About 38207 Paradise Way
Beautifully updated 3-bedroom, 2-bath mid-century ranch style home located in the highly desirable Upper Cathedral City Cove. This move-in-ready property offers the perfect blend of comfort, style, and desert living. At first glance you will notice fresh interior and exterior paint throughout the home and garage, new LED ceiling lighting, and brand-new carpet in the living area and two of the three bedrooms. Major upgrades include a recently installed tankless water heater and updated electrical panels for the home and garage. You can also enjoy outdoor living at its finest with a private pool and spa, built-in BBQ and an upper viewing deck showcasing stunning valley floor and mountain views. Whether entertaining guests or relaxing under the stars, this home is designed for the ultimate desert lifestyle. This is a fantastic opportunity to own a beautiful home with a detached 2 car garage in one of Cathedral City's most sought-after neighborhoods. Cathedral City is centrally located near both Palm Springs and Rancho Mirage and offers great opportunities for ease of living with great options for entertainment including casinos, theaters, dining and shopping. No HOA's here!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 9,148 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Cathedral City Unified Schools
Rancho Mirage Elementary School
Grades K-5 • 3.7 mi
Cahuilla Elementary School
Grades K-5 • 4.5 mi
Nellie N. Coffman Middle School
Grades 6-8 • 2.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,341 | 1,751 | 16% |
| Lot Size | 9,148 | 7,841 | 78% |
| Price | $669.0K | $545.0K | 82% |
| Price per sq ft | $499 | $309 | 98% |
| Built year | 1958 | 1994 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 179 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$669,000
Initial Listing
Sold
May 12, 2003
$280,000
Public Record