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67488 Toltec Court, Cathedral City, California 92234, Cathedral City, 92234 - 2 bed, 2 bath

67488 Toltec Court, Cathedral City, California 92234 home-pic-0
ACTIVE$339,950$1,285/sqft
67488 Toltec Court, Cathedral City, California 92234
2Beds
2Baths
1,285Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Investment Potential: The property is short-term rental (STR) friendly with proven, lucrative financials, making it an ideal investment opportunity for passive income.
Top Cons:
High HOA Dues: The monthly association fee of $954.0 is substantial and represents a significant ongoing cost for ownership.

Compared to the nearby listings

Price:$339.9K vs avg $294.0K (+$45,950)69%
Size:1,285 sqft vs avg 1,212 sqft61%
Price/sqft:$265 vs avg $24768%

More Insights

Built in 1985 (41 years old).
Condition: Built in 1985, this property has been 'beautifully remodeled' with 'tasteful upgrades' and an 'updated kitchen' featuring modern stainless steel appliances, granite countertops, and contemporary lighting. The bathrooms are clean and updated with tile showers/tubs and modern vanities. Flooring is a mix of clean tile and carpet. The overall condition is move-in ready with no immediate renovations required, aligning with a property extensively renovated within the last 5-15 years, despite its original build year.
Year Built
1985
Close
-
List price
$340K
Original List price
$400K
Price/Sqft
$265
HOA
$954
Days on market
-
Sold On
-
MLS number
25539287PS
Home ConditionGood
Features
Good View: Golf Course, Pool
Patio
ViewGolf Course,Pool

About this home

Welcome to 67488 Toltec Court- beautifully remodeled & FULLY FURNISHED desert retreat located in the desirable Desert Princess golf resort community. Originally a 3 bedroom plan that was converted into a 2-bedroom, 2-bathroom condo spans 1,285 sq. ft. and boasts tasteful upgrades, an open layout, and stunning views of the golf course, tranquil pond, surrounding mountains and adjacent to the pool. The spacious dining room offers versatility and can easily be converted back into a third bedroom perfect for guests or added rental value. The updated kitchen includes electric appliances, and the home features a dry bar, in-unit laundry, and a blend of tile and carpet flooring. This property is short-term rental (STR) friendly subject to Cathedral City and Desert Princess community rules and comes with proven, lucrative STR financials, making it an ideal investment opportunity. Residents enjoy access to premium resort-style amenities:27 holes of championship golf 34 pools and spas, Fitness center, racquetball, tennis, and pickleball. Clubhouse with full-service restaurant and bar 24-hour gated security. HOA dues include amenities, landscaping, maintenance, and insurance. Just minutes from Palm Springs Airport and I-10, this condo is perfect as a full-time residence, vacation getaway, or high-performing rental. Don't miss this rare opportunity where lifestyle and investment meet.

C
Curtis Kiepprien
Listing Agent

Nearby schools

6/10
Rio Vista Elementary School
Public,•K-5•0.6mi
5/10
Landau Elementary School
Public,•K-5•1.2mi
4/10
Agua Caliente Elementary School
Public,•K-5•1.4mi
5/10
James Workman Middle School
Public,•6-8•2.6mi
4/10
Desert Learning Academy
Public,•K-12•2.8mi
6/10
Cathedral City High School
Public,•9-12•3.4mi
Condition Rating
Good
Built in 1985, this property has been 'beautifully remodeled' with 'tasteful upgrades' and an 'updated kitchen' featuring modern stainless steel appliances, granite countertops, and contemporary lighting. The bathrooms are clean and updated with tile showers/tubs and modern vanities. Flooring is a mix of clean tile and carpet. The overall condition is move-in ready with no immediate renovations required, aligning with a property extensively renovated within the last 5-15 years, despite its original build year.
Pros & Cons

Pros

Investment Potential: The property is short-term rental (STR) friendly with proven, lucrative financials, making it an ideal investment opportunity for passive income.
Extensive Resort Amenities: Residents enjoy access to premium resort-style amenities including 27 holes of championship golf, 34 pools/spas, fitness center, racquetball, tennis, pickleball, clubhouse, and 24-hour gated security.
Remodeled & Fully Furnished: Beautifully remodeled with tasteful upgrades and offered fully furnished, providing a move-in or rental-ready solution for buyers.
Desirable Views & Location: Offers stunning views of the golf course, tranquil pond, and surrounding mountains, adjacent to a pool, and minutes from Palm Springs Airport and I-10.
Versatile Layout: Originally a 3-bedroom plan, the spacious dining room can easily be converted back into a third bedroom, adding flexibility and potential rental value.

Cons

High HOA Dues: The monthly association fee of $954.0 is substantial and represents a significant ongoing cost for ownership.
Reduced Bedroom Count: The unit was originally a 3-bedroom plan converted to 2 bedrooms, which might limit appeal for buyers specifically seeking a 3-bedroom layout, despite the conversion potential.
Significant Price Reduction History: The property has undergone multiple price reductions from an original list price of $400,000 to $339,950, which could indicate initial overpricing or market resistance.
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