67162 W Chimayo Drive, Cathedral City, California 92234, Cathedral City, 92234 - 2 bed, 2 bath
67162 W Chimayo Drive
Cathedral City, California 92234
Property Price
SUMMARY
Analysis of 67162 W Chimayo Drive, Cathedral City, California 92234 is currently available with a list price of $274,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is well-maintained and functional for its use as a short-term rental, but it is significantly outdated by modern standards. Built in 1985, the interior features original or older elements including tiled bathroom countertops with grout lines, Hollywood-style light bars, and older white kitchen appliances. While the 'turnkey' status and high ceilings are positives, the presence of dated wallpaper, older cabinetry, and 1990s-style finishes places it firmly in the 'fair' category as it lacks recent comprehensive renovations.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Readiness
The property is sold turnkey furnished and is short-term rental ready with a proven history on VRBO and Airbnb, making it an immediate income-generating asset.
- Exceptional Views
Offers rare panoramic views from every room, including the golf course, mountains, lake, and pool, significantly increasing its desirability.
- Privacy-Focused Layout
Features a dual master suite configuration with bedrooms on opposite ends of the home, providing optimal privacy for guests or co-owners.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The monthly association fee of $954 is substantial and may be a deterrent for budget-conscious buyers or impact overall cash flow for investors.
- Leasehold Ownership
As a land-lease property rather than fee-simple, some buyers may face more complex financing requirements or perceive lower long-term equity growth.
- Property Age
Built in 1985, the unit may require ongoing maintenance or modern cosmetic updates to compete with newer luxury condominium developments in the area.
About 67162 W Chimayo Drive
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!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $954.0 / Month
Neighborhood Insights
Cathedral City Unified Schools
Rio Vista Elementary School
Grades K-5 • 0.8 mi
Landau Elementary School
Grades K-5 • 1.4 mi
Agua Caliente Elementary School
Grades K-5 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,212 | 1,195 | 53% |
| Lot Size | - | 1,307 | 16% |
| Price | $274.0K | $290.0K | 45% |
| Price per sq ft | $226 | $242 | 36% |
| Built year | 1985 | 1985 | 50% |
| HOA | $954.0 | $570 | 71% |
| Days on market | 71 | 171 | 5% |
Pricing History
Listed for Sale
Mar 5, 2026
$274,000
$279,000
-2% Price Drop
Initial Listing
Price Change
Feb 15, 2026
$279,000
$289,000
-3% Price Drop
Initial Listing
Price Change
Jan 16, 2026
$289,000
$299,000
-3% Price Drop
Initial Listing
Price Change
Dec 26, 2025
$299,000
Initial Listing