67452 S Chimayo Drive, Cathedral City, California 92234, Cathedral City, 92234 - 1 bed, 2 bath
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Cathedral City, California 92234
This Turnkey Condominium represents a Strong Value Opportunity, listed at $199,000—positioned well below the $200,124 Fair Market Value by 0.56%. This valuation gap offers $1,124 in Instant Equity. Featuring an Extended Land Lease to 2069 and a Fair Condition Rating, the unit offers immediate rental potential with Golf Course and Mountain Views. While the association fee is notable, the turnkey status and prime location make this an ideal acquisition for Buy-and-Hold Investors or weekend vacationers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 67452 S Chimayo Drive Subject | $199,000* List Price | 1 | 2 | 851 | $235 | - |
A 67268 S Chimayo Drive Sold | $215,000 | 1 | 2 | 851 | $253 | 0.1 mi |
B 67507 Toltec Court Sold | $200,000 | 2 | 2 | 1,177 | $170 | 0.1 mi |
C 28621 E Portales Drive Sold | $215,000 | 2 | 2 | 984 | $218 | 0.5 mi |
D 67433 N Chimayo Drive Active | $208,000 List Price | 1 | 2 | 851 | $244 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, this property is nearly 40 years old. While the listing describes it as turnkey and well-maintained, the kitchen and bathrooms are significantly dated, featuring original-style wood-trimmed cabinetry, tiled countertops, and older gold-framed shower enclosures that exceed the 20-year threshold for modern updates.
The property is offered fully furnished and move-in ready, making it an ideal 'lock-and-leave' vacation home or an immediate income-generating rental opportunity.
The seller has already paid $10,000 to extend the land lease to 2069, providing long-term security and making the property more attractive for traditional financing.
As a bright end unit with front and back patios, the home offers enhanced privacy and desirable views of the golf course and surrounding mountains.
The monthly association fee of $995 is significant for a one-bedroom unit and may impact the overall affordability or net ROI for investors.
With only one bedroom and 851 square feet, the property has a limited target market, primarily appealing to singles, couples, or short-term travelers.
TURNKEY FURNISHED and move-in ready! This home is well done and makes a great rental or weekend getaway.Sitting areas on both the front and back patios with views of the fairway. End unit, very sunny and bright with wood shutters.Desert Princess features golf, tennis, pickle ball and numerous community pools. Seller paid $10K to extend the land lease to 2069!
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 851 | 1,194.5 |
| Lot Size | 1,307 | 1,307 |
| Price | $199.0K | $295.2K |
| Price per sq ft | $234 | $227 |
| Built year | 1985 | 1985 |
| HOA | $995.0 | $622 |
| Days on market | 22 | 98 |
Jun 30, 2026
$199,000
Initial Listing
May 5, 2015
$47,272
Public Record