67162 W Chimayo Drive, Cathedral City, California 92234, Cathedral City, 92234 - 2 bed, 2 bath
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Cathedral City, California 92234
This Turnkey Resort Condominium is listed at $265,000, providing a fully furnished, rental-ready asset in the gated Desert Princess community. While the $238,984 Fair Market Value reflects the property's Fair Condition Rating, the value is bolstered by a proven short-term rental history and dual master suites designed for maximum privacy. Residents enjoy scenic golf course views and proximity to Rio Vista Elementary, along with access to 35 community pools and PGA-rated golf. This is an ideal lifestyle purchase for Buy-and-Hold Investors or Seasonal Residents seeking a move-in-ready desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 67162 W Chimayo Drive Subject | $265,000* List Price | 2 | 2 | 1,212 | $197 | - |
A 67232 W Chimayo Drive Sold | $260,000 | 2 | 2 | 1,212 | $215 | 0.0 mi |
B 67388 S Chimayo Drive Sold | $250,000 | 2 | 2 | 1,177 | $212 | 0.3 mi |
C 67451 Toltec Court Sold | $228,000 | 3 | 2 | 1,285 | $177 | 0.3 mi |
D 67216 S Chimayo Sold | $255,000 | 3 | 2 | 1,285 | $198 | 0.2 mi |
E 28738 W Natoma Drive Sold | $275,000 | 2 | 2 | 1,177 | $234 | 0.5 mi |
F 28764 Taos Court Sold | $310,000 | 2 | 2 | 1,177 | $263 | 0.6 mi |
G 67207 N Chimayo Drive Active | $249,000 List Price | 2 | 2 | 1,212 | $205 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, this property is well-maintained but shows significant signs of being outdated. The kitchen retains original-style cabinetry with wood pull-trims, a fluorescent light box ceiling, and an older electric coil range. The bathrooms feature dated tile countertops and older light fixtures. While the unit is functional and 'rental ready,' the overall aesthetic—including the wallpaper and carpeting—has not undergone a major modern renovation in over 20 years, fitting the criteria for a fair condition score.
The property is sold fully furnished and is 'rental ready' with a proven short-term rental history on VRBO and Airbnb, offering immediate income potential for investors.
Located in the Desert Princess Country Club, owners have access to a 27-hole PGA golf course, 35+ swimming pools, tennis, pickleball, and a state-of-the-art fitness center.
The dual master suite floor plan provides excellent privacy, while the interior features high ceilings and scenic views of the golf course, mountains, and lake from every room.
The combined monthly cost of the $954 HOA fee and the $160.50 land lease payment represents a significant recurring expense that may impact overall affordability.
With 110 days on the market and five consecutive price reductions from the original $299,000, the property has struggled to find a buyer at previous price points.
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!
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.4 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,212 | 1,212 | 50% |
| Lot Size | - | 1,307 | 19% |
| Price | $265.0K | $287.0K | 35% |
| Price per sq ft | $219 | $238 | 29% |
| Built year | 1985 | 1985 | 50% |
| HOA | $954.0 | $575 | 69% |
| Days on market | 117 | 179 | 19% |
Apr 4, 2026
$265,000
$274,000
-3% Price Drop
Initial Listing
Mar 5, 2026
$274,000
$279,000
-2% Price Drop
Initial Listing
Feb 15, 2026
$279,000
$289,000
-3% Price Drop
Initial Listing
Jan 16, 2026
$289,000
$299,000
-3% Price Drop
Initial Listing
Dec 26, 2025
$299,000
Initial Listing