67162 W Chimayo Drive, Cathedral City, California 92234, Cathedral City, 92234 - 2 bed, 2 bath

67162 W Chimayo Drive, Cathedral City, California 92234 home-pic-0
ACTIVE$309,000
67162 W Chimayo Drive, Cathedral City, California 92234
2Beds
2Baths
1,212Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Views: The condo boasts stunning views from every room, encompassing golf course, lake, pool, fountain, desert, and western mountains, significantly enhancing its appeal and value.
Top Cons:
Land Lease Structure: Despite being low, the property is on a land lease (expiring 2069), which can be a deterrent for some buyers preferring fee simple ownership and may impact financing options or long-term appreciation expectations.

Compared to the nearby listings

Price:$309.0K vs avg $300.0K (+$9,000)53%
Size:1,212 sqft vs avg 1,212 sqft50%
Price/sqft:$255 vs avg $24954%

More Insights

Built in 1985 (40 years old).
Condition: Built in 1985, this condo appears well-maintained and functional, but the interior, particularly the kitchen and bathrooms, is significantly dated. The kitchen features original-style cabinets, tile countertops, and older black/white appliances. Bathrooms have dated tile, vanities, and Hollywood strip lighting. Flooring and wallpaper also reflect an older aesthetic. While 'turnkey furnished,' it requires substantial cosmetic updates to meet current design standards, aligning with a property built over 20 years ago with no major renovations since construction.
Year Built
1985
Close
-
List price
$309K
Original List price
$309K
Price/Sqft
$255
HOA
$954
Days on market
-
Sold On
-
MLS number
219130472PS
Home ConditionFair
Features
Excellent View: Golf Course, Mountain(s), Pond, Pool
Pool
Spa
Patio
ViewGolf Course,Mountain(s),Pond,Pool

About this home

Gorgeous Golf Course condo. ***TURNKEY FURNISHED!*** Light and Bright with dual master bedrooms on opposite ends of the home for added privacy. Located inside the gates of the beautiful Desert Princess Country Club and just minutes from Downtown Palm Springs. With views from every room, this delightful condo features 2 spacious ensuite bedrooms both accessing the covered patio, and bathrooms featuring dual sinks, each with its own walk-in closet. High ceilings throughout the home complete with lake, golf course, pool, fountain, and desert views from your patio, living room, and both bedrooms. The adjacent heated pool and spa feels like your own private resort just outside of your back glass sliders. The home also includes in-unit washer and dryer and detached private garage. Front patio with western mountain views. LOW Land Lease to 2069; only $160.50 a month. Short-term vacation rentals are permitted at the Desert Princess, outstanding rental history with this home. Own a part of the most affordable gated Country Club in the Coachella valley. Desert Princess is known for its many wonderful amenities, offering 27-hole PGA Championship golf course, discounts and preferred tee-times for Owners, no Tee-time lotteries, no initiation fees, and rated among the best courses in the valley by GOLF DIGEST. HOA includes a social membership, cable TV & high speed WiFi internet, membership to Health and Fitness Center, over 35 sparkling swimming pools each with a spa for your enjoyment, grounds and exterior maintenance including roof, pest control, 10-tennis courts, pickleball, bocce ball, state-of-the-art fitness center, saunas, a full service spa that provides massages, facials, and full body treatments, a clubhouse, restaurant, driving range, and racquetball courts. 24 hour guard gated community. This quiet community is just minutes from the world that is Palm Springs; restaurants, shopping, casinos, an international airport, the Tramway, Art Museums, Theaters, Acrisure Arena, and Street Fairs. Perfect as a desert getaway, full-time residence, or investment property!

Nearby schools

6/10
Rio Vista Elementary School
Public,K-50.8mi
5/10
Landau Elementary School
Public,K-51.4mi
4/10
Agua Caliente Elementary School
Public,K-51.4mi
5/10
James Workman Middle School
Public,6-83.0mi
4/10
Desert Learning Academy
Public,K-122.6mi
6/10
Cathedral City High School
Public,9-123.6mi
Condition Rating
Fair

Built in 1985, this condo appears well-maintained and functional, but the interior, particularly the kitchen and bathrooms, is significantly dated. The kitchen features original-style cabinets, tile countertops, and older black/white appliances. Bathrooms have dated tile, vanities, and Hollywood strip lighting. Flooring and wallpaper also reflect an older aesthetic. While 'turnkey furnished,' it requires substantial cosmetic updates to meet current design standards, aligning with a property built over 20 years ago with no major renovations since construction.
Pros & Cons

Pros

Exceptional Views: The condo boasts stunning views from every room, encompassing golf course, lake, pool, fountain, desert, and western mountains, significantly enhancing its appeal and value.
Extensive Resort-Style Amenities: Located within a 24-hour guard-gated country club offering a 27-hole PGA golf course, 35 pools/spas, tennis, pickleball, fitness center, spa services, clubhouse, and restaurant, providing a luxurious lifestyle.
Strong Investment & Rental Potential: Permitted for short-term vacation rentals with an outstanding rental history, making it an attractive option for investors or those seeking supplemental income.
Turnkey & Functional Layout: Offered fully turnkey furnished with a light and bright interior, featuring dual master bedrooms on opposite ends for optimal privacy and immediate move-in readiness.
Affordable Land Lease & Comprehensive HOA: Benefits from a remarkably low land lease ($160.50/month) until 2069, and a comprehensive HOA covering social membership, cable, internet, fitness center access, grounds, exterior, and roof maintenance.

Cons

Land Lease Structure: Despite being low, the property is on a land lease (expiring 2069), which can be a deterrent for some buyers preferring fee simple ownership and may impact financing options or long-term appreciation expectations.
High Monthly HOA Dues: The monthly association fee of $954.00, while inclusive of many amenities and services, represents a significant ongoing cost of ownership that may be prohibitive for some budgets.
Property Age: Built in 1985, the property is older construction. While described as turnkey, potential buyers may anticipate future needs for updates or maintenance beyond what the HOA covers, compared to newer builds.

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