68073 Madrid Road, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath

68073 Madrid Road, Cathedral City, California 92234 home-pic-0

68073 Madrid Road

Cathedral City, California 92234

ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,580Sq Ft
10,890Lot Size

Property Price

LIST PRICE$535,000
EST. MARKET VALUE
$529,759

SUMMARY

Analysis of 68073 Madrid Road, Cathedral City, California 92234 reveals a Fairly Priced Property with a current list price of $535,000  aligned with the estimated $529,759 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.

Estimated Market Value

$529,759
Based on Realkey algorithm analyzing recent comparable sales in Cathedral City.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
68073 Madrid Road
Subject
$535,000*
List Price
321,580$335-
A
67165 Tamara Road
Sold
$494,000321,578$3131.0 mi
B
68262 Pasada Road
Sold
$530,000321,675$3160.1 mi
C
68120 Empalmo Road
Sold
$460,000321,573$2920.3 mi
D
67705 Ovante Road
Sold
$467,000421,531$3050.4 mi
E
27185 Landau Boulevard
Sold
$505,000331,718$2940.2 mi
F
68615 Concepcion Road
Sold
$450,000321,290$3490.9 mi
G
67625 Quijo Road
Active
$585,000
List Price
331,864$3140.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is move-in ready and features significant modern updates that exceed its 2000 build year. The kitchen has been renovated with quartz countertops and newer stainless steel appliances, and the primary bathroom offers a spa-like update with a soaking tub and walk-in shower. With a 5-year-old solar system, updated flooring, and well-maintained systems, the home shows minimal wear and tear and requires no immediate renovation.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 1580.

  • Modernized Interior & Layout

    The home features a renovated kitchen with quartz countertops and a spa-like primary bathroom, complemented by high ceilings and an open-concept design that maximizes natural light.

  • Premium Outdoor Amenities

    Situated on an oversized 10,890 sqft lot, the private south-facing backyard includes a heated pool, outdoor shower, and stunning mountain views, perfect for desert living.

CONSRISKS & DEFICIENCIES

  • Solar Lease Obligation

    The buyer is required to assume the existing lease on the 29-panel solar system, which introduces a recurring monthly expense and may impact loan qualification.

  • Recent Value Depreciation

    With a current list price significantly lower than its 2022 sale price of $610,500, the property reflects a notable decline in market valuation that may concern some investors.

About 68073 Madrid Road

Tucked into the La Pasada neighborhood of Cathedral City, this stylish desert retreat offers the perfect balance of comfort and privacy. Set back from the street, the home sits on an oversized 10,890 square foot lot, featuring 3 bedrooms, 2 bathrooms, separate laundry room, and a light-bright, open-concept layout that maximizes space, and indoor-outdoor flow. At the heart of the home, a renovated kitchen with a breakfast bar, sleek quartz countertops, newer stainless steel appliances, and a seamless connection to the main living and dining areas, all under soaring ceilings that add volume and airiness. The primary suite is a true sanctuary, featuring an updated spa-like bathroom with a soaking tub, walk-in shower, and a generously sized walk-in closet. In addition there are two expansive guest rooms that have high ceilings, fans and large windows. Step into your private south facing backyard paradise, complete with a heated pool, outdoor shower, and stunning mountain views. This home has an impressive 29 solar panel system for energy efficiency installed 5 years ago, buyer to assume lease. Washer, Dryer, kitchen Refrigerator and Rain Soft ECS Water Filtration System included with purchase. Whether you're looking for a full-time residence, seasonal escape, or investment property, this home checks all the boxes with smart upgrades... Close to shopping, dining and I-10 access.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2000
Lot Size
10,890 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$49.2 / Month

Neighborhood Insights

Cathedral City Unified Schools

Rio Vista Elementary School

Grades K-5 • 0.5 mi

6/10

James Workman Middle School

Grades 6-8 • 2.2 mi

5/10

Cathedral City High School

Grades 9-12 • 3.4 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.02.0
50%
Square foot1,5801,751
35%
Lot Size10,8907,841
92%
Price$535.0K$540.0K
50%
Price per sq ft$339$309
68%
Built year20001994
62%
HOA$49.2$0
69%
Days on market2179
1%

Pricing History

Listed for Sale

Mar 5, 2026

$535,000

Initial Listing

Sold

May 9, 2022

$610,500

Public Record

Sold

Jul 31, 2017

$315,000

Public Record

Sold

Mar 19, 2004

$228,000

Public Record

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