
Cathedral City, California 92234
This property presents a High-Potential Investment Opportunity with a List Price of $399,999—positioned well above the $361,870 Fair Market Value by -10%. While currently priced at a premium, the 9,500+ sq. ft. lot and Panoramic Mountain Views offer significant upside for forced appreciation. With a Fair Condition Rating and vintage infrastructure, the home requires modernization. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage the expansion potential of this historic Cathedral City Cove location.
Historic Cathedral City Cove home with panoramic mountain views. Large 9,500+ sq. ft. lot, no HOA, and massive expansion potential. Perfect for investors or buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38279 Charlesworth Drive Subject | $399,999* List Price | 2 | 1 | 984 | $368 | - |
A 37530 Melrose Drive Active Under Contract | $399,000 List Price | 3 | 2 | 1,328 | $300 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, the home is well-maintained and 'freshly painted,' but remains dated. The presence of wall-mounted heaters indicates a lack of modern central HVAC systems, and the interior finishes (tile and lighting) suggest the property has not had a major renovation in over 20 years, requiring updates to the kitchen, baths, and systems.
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 = 984.
Situated in the historic Cathedral City Cove, the property offers breathtaking panoramic mountain views and a peaceful setting adjacent to a protected bighorn sheep habitat.
The generous 10,000+ sq. ft. lot with no HOA and an attached garage provides ample opportunity for additions, ADUs, or converting existing space into a primary suite.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
With under 1,000 square feet of living space and only one bathroom, the current configuration may be restrictive for buyers seeking a traditional primary suite or more room for guests.
Built in 1956, the home likely requires modernization of its core systems and finishes to meet contemporary standards, despite recent cosmetic updates like fresh paint.
Tucked away in the hills of the desirable and historic Cathedral City Cove, this private 2-bedroom, 1-bath home offers a rare opportunity to create your own desert retreat. Surrounded by breathtaking mountain views and natural open space, the property enjoys a peaceful setting where native bighorn sheep are frequently seen in their protected habitat. Freshly painted and filled with natural light, the home features an inviting floor plan with comfortable living spaces, an eat-in kitchen, and endless potential to make it your own. Step outside to multiple private outdoor entertaining areas designed to take advantage of the spectacular desert surroundings, whether you're hosting friends, relaxing under the stars, or enjoying the views. Situated on a generous 9,500+ sq. ft. lot with no HOA, this property offers exceptional possibilities for expansion or customization. The attached one-car garage may provide an opportunity for additional living space or a future primary suite (buyer to verify). Located just minutes from hiking trails, golf, shopping, dining, Highway 111, downtown Palm Springs, this home is ideal as a full-time residence, seasonal getaway, or investment property. Priced as one of the most affordable single-family homes in upper Cathedral City Cove, this is an outstanding opportunity to build equity in one of the area's most sought-after neighborhoods. All information deemed correct, Buyer to verify. Welcome to the Cove.
No exterior & parking available.
Grades K-5 • 3.8 mi
Grades K-5 • 4.4 mi
Grades 6-8 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 984 | 1,810.5 |
| Lot Size | 10,019 | 8,276 |
| Price | $400.0K | $565.6K |
| Price per sq ft | $407 | $308 |
| Built year | 1956 | 1999 |
| HOA | $0 | $261 |
| Days on market | 15 | 67 |
Jul 7, 2026
$399,999
Initial Listing
May 21, 2015
$154,000
Public Record