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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$289,000$1,212/sqft
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 offers stunning golf course, lake, pool, fountain, desert, and mountain views from multiple rooms and the patio, significantly enhancing its appeal.
Top Cons:
Substantial Monthly Association Fees: The HOA fee of $954.00 per month is considerably high, which, despite comprehensive inclusions, could impact affordability and deter some potential buyers.

Compared to the nearby listings

Price:$289.0K vs avg $294.0K ($-5,000)44%
Size:1,212 sqft vs avg 1,212 sqft50%
Price/sqft:$238 vs avg $24741%

More Insights

Built in 1985 (41 years old).
Condition: Built in 1985, this condo is well-maintained and functional, but the interior, especially the kitchen and bathrooms, shows significant signs of being outdated. The kitchen features older appliances (except for a newer dishwasher), laminate countertops, wood-trimmed cabinets, a mirrored backsplash, and a dated fluorescent light fixture. Bathrooms have tiled countertops, white vanity cabinets, and Hollywood-style strip lighting, all indicative of an older aesthetic. While clean and 'rental ready,' these areas would require minor to moderate updates to meet current buyer expectations and modern styles. The carpet and wallpaper in bedrooms also contribute to the dated feel, aligning with the 'aged but maintained' and 'functional but show signs of being outdated' criteria for a 'Fair' score.
Year Built
1985
Close
-
List price
$289K
Original List price
$299K
Price/Sqft
$238
HOA
$954
Days on market
-
Sold On
-
MLS number
219140363PS
Home ConditionFair
Features
Excellent View: Golf Course, Mountain(s), Pond, Pool
Patio
ViewGolf Course,Mountain(s),Pond,Pool

About this home

Gorgeous Golf Course condo. ***TURNKEY FURNISHED / RENTAL READY!*** Light and Bright with dual master bedrooms on opposite ends of the home for added privacy. Outstanding Short-Term Rental History VRBO/Airbnb! 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!

C
Cory Alan
Listing Agent

Nearby schools

6/10
Rio Vista Elementary School
Public,•K-5•0.8mi
5/10
Landau Elementary School
Public,•K-5•1.4mi
4/10
Agua Caliente Elementary School
Public,•K-5•1.4mi
5/10
James Workman Middle School
Public,•6-8•3.0mi
4/10
Desert Learning Academy
Public,•K-12•2.6mi
6/10
Cathedral City High School
Public,•9-12•3.6mi
Condition Rating
Fair
Built in 1985, this condo is well-maintained and functional, but the interior, especially the kitchen and bathrooms, shows significant signs of being outdated. The kitchen features older appliances (except for a newer dishwasher), laminate countertops, wood-trimmed cabinets, a mirrored backsplash, and a dated fluorescent light fixture. Bathrooms have tiled countertops, white vanity cabinets, and Hollywood-style strip lighting, all indicative of an older aesthetic. While clean and 'rental ready,' these areas would require minor to moderate updates to meet current buyer expectations and modern styles. The carpet and wallpaper in bedrooms also contribute to the dated feel, aligning with the 'aged but maintained' and 'functional but show signs of being outdated' criteria for a 'Fair' score.
Pros & Cons

Pros

Exceptional Views: The condo offers stunning golf course, lake, pool, fountain, desert, and mountain views from multiple rooms and the patio, significantly enhancing its appeal.
Strong Rental Income Potential: This property is turnkey furnished, rental-ready, and boasts an outstanding, documented short-term rental history on platforms like VRBO/Airbnb, making it an attractive investment.
Comprehensive Country Club Amenities: Owners benefit from extensive amenities including a 27-hole PGA golf course, over 35 pools/spas, tennis, pickleball, a fitness center, and a full-service spa, all covered by the HOA.
Prime Gated Community Location: Located within the secure, guard-gated Desert Princess Country Club, the property is just minutes from Downtown Palm Springs, offering convenience and prestige.
Dual Master Suites & Direct Pool Access: The home features two spacious ensuite master bedrooms on opposite ends for privacy, each with walk-in closets, and direct access to an adjacent heated pool and spa.

Cons

Substantial Monthly Association Fees: The HOA fee of $954.00 per month is considerably high, which, despite comprehensive inclusions, could impact affordability and deter some potential buyers.
Land Lease Structure: The property operates under a land lease, extending until 2069, which, while low at $160.50/month, represents a less conventional ownership model compared to fee simple and may be a drawback for some.
Recent Price Adjustment: A recent price reduction from $299,000 to $289,000 could suggest the property has experienced longer market time or was initially overpriced, potentially indicating a need for further negotiation.
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