
Cathedral City, California 92234
This Modern Turnkey Residence is a Prime Investment Opportunity, listed at $489,000—positioned well below the $507,873 Fair Market Value by 3%. This valuation gap offers $18,873 in Instant Equity for the incoming buyer. Boasting an Excellent Condition Rating, this 2019-built home features smart home features, leased solar, and stunning mountain views. Located in the amenity-rich Verano community near the award-winning Rio Vista Elementary, it perfectly balances financial upside with a premium desert lifestyle. This is an ideal choice for Owner-Occupants or lifestyle-focused buyers seeking a polished, move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 67510 Rio Vista Drive Subject | $489,000* List Price | 4 | 3 | 1,694 | $300 | - |
A 67362 Rio Oso Road Sold | $454,900 | 3 | 3 | 1,466 | $310 | 0.1 mi |
B 67684 Rio Arapaho Road Sold | $477,000 | 4 | 3 | 1,723 | $277 | 0.2 mi |
C 67364 Rio Plata Road Sold | $420,000 | 3 | 2 | 1,185 | $354 | 0.2 mi |
D 67574 Rio Vista Drive Sold | $441,000 | 3 | 3 | 1,466 | $301 | 0.1 mi |
E 26700 Rio Dulce Road Sold | $499,670 | 3 | 3 | 1,723 | $290 | 0.2 mi |
F 26701 Rio Dulce Road Sold | $520,000 | 4 | 4 | 2,028 | $256 | 0.2 mi |
G 67361 Rio Largo Road Active | $499,999 List Price | 4 | 3 | 1,694 | $295 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2019, this property is less than 10 years old and remains in like-new condition. The interior features modern finishes including neutral vinyl flooring, a contemporary kitchen with white shaker cabinets and stainless steel appliances, and energy-efficient systems such as a tankless water heater and solar panels. The home shows no signs of physical depreciation or deferred maintenance.
Built in 2019, this home features contemporary smart technology, a tankless water heater, and solar panels, ensuring modern comfort and significantly reduced utility costs.
The Verano master-planned community offers premium facilities including a clubhouse, fitness center, pool, spa, and sports courts for a relatively low monthly HOA fee.
Ideally situated just minutes from downtown Palm Springs and within walking distance of the award-winning Rio Vista Elementary, one of the top-rated schools in the district.
The solar system is leased rather than owned, which requires the buyer to assume the lease agreement and may be a deterrent for those seeking full equipment ownership.
Fitting four bedrooms into 1,694 square feet results in a higher density layout that may lead to smaller individual bedroom sizes and limited interior storage space.
4 bedroom 3 bath at Verano, a beautifully maintained residence located in the highly sought-after master-planned community of Verano in Cathedral City, this energy-efficient home blends contemporary design with the relaxed lifestyle of the Coachella Valley. Spacious Living: This 1,694 sq. ft. detached home features a bright, open floor plan with 4 bedrooms and 3 bathrooms. Open concept great room: living room/dining area/ kitchen. Equipped with smart home features including keyless entry and leased solar, which significantly reduces monthly utility costs, and tankless water heater. Neutral color Vinyl flooring in common areas, carpeted bedrooms, and window treatments. The primary bedroom offers a walk-in closet and a ensuite bathroom with a walk-in shower and double sinks. Upstairs, dedicated laundry room. Enjoy mountain views from the low-maintenance desert-landscaped yard, and a 2-car attached garage is conveniently accessible via a rear alley. Living in Verano provides access to premium amenities with a low monthly HOA fees, including: A 3-acre recreation facility featuring a clubhouse, fitness center, large community pool and spa. On-site pickleball and tennis courts, several acres of open park space, and a children's "tot lot" playground. Ideally situated near the award-winning Rio Vista Elementary School, rated one of the top schools in the Palm Springs Unified School District. Verano is Perfectly positioned just minutes from downtown Palm Springs, the I-10 freeway, and the West Valley's best dining, shopping, golf, and everything the desert has to offer.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 3.0 mi
Grades K-12 • 3.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 1,694 | 1,766 | 44% |
| Lot Size | 4,356 | 7,841 | 3% |
| Price | $489.0K | $545.0K | 30% |
| Price per sq ft | $289 | $308 | 33% |
| Built year | 2019 | 1993 | 89% |
| HOA | $208.0 | $0 | 72% |
| Days on market | 5 | 184 | 1% |
Apr 17, 2026
$489,000
Initial Listing
Jan 9, 2020
$328,000
Public Record
Oct 10, 2018
$4,827,500
Public Record