68385 Risueno Road, Cathedral City, California 92234, Cathedral City, 92234 - 4 bed, 3 bath
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Cathedral City, California 92234
This Updated Panorama Pool Home is a Prime Investment Opportunity listed at $575,000—positioned well below the $601,481 Fair Market Value by 4%. This valuation gap provides $26,481 in Instant Equity. Maintaining a Good Condition Rating, the residence features a Modernized Interior with Vaulted Ceilings, Vinyl Plank Flooring, and a Remodeled Kitchen with stainless appliances. The Private Pool and Spa capture Mountain Views, while the unfinished lot offers significant upside for forced appreciation. Located near Landau Elementary, it is ideal for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 68385 Risueno Road Subject | $575,000* List Price | 4 | 3 | 2,022 | $296 | - |
A 30275 Avenida Alvera Sold | $710,000 | 4 | 2 | 2,090 | $340 | 0.4 mi |
B 68290 Hermosillo Sold | $565,000 | 3 | 3 | 1,875 | $301 | 0.1 mi |
C 68790 Minerva Road Sold | $535,000 | 4 | 2 | 2,216 | $241 | 0.4 mi |
D 68320 Durango Road Sold | $555,000 | 3 | 2 | 1,894 | $293 | 0.1 mi |
E 68095 Alcita Road Sold | $605,000 | 4 | 3 | 1,980 | $306 | 0.7 mi |
F 68410 Verano Road Sold | $610,000 | 4 | 3 | 1,989 | $307 | 0.3 mi |
G 68385 Tortuga Road Active Under Contract | $649,000 List Price | 4 | 3 | 2,148 | $302 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant modern updates. The interior boasts new vinyl plank flooring, vaulted ceilings, and a fully remodeled kitchen with white shaker-style cabinetry, stone countertops, and stainless steel appliances. While the home was built in 1990, the interior renovations are contemporary and well-maintained. The score is categorized as 'good' rather than 'excellent' because the backyard landscaping remains unfinished (described as a 'blank canvas') and the property is over 30 years old without a documented full-scale structural or exterior overhaul.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 2022.
The home features contemporary updates including vinyl plank flooring, vaulted ceilings, and a remodeled kitchen with stainless steel appliances, offering a move-in-ready aesthetic.
An existing solar system provides significant savings on electricity costs, a vital benefit for managing desert temperatures in Cathedral City.
The backyard is described as a 'blank canvas,' indicating that buyers will need to invest additional time and capital to complete the landscaping and hardscaping.
The solar system is leased rather than owned, which requires the buyer to assume a monthly financial obligation and may complicate the escrow transfer process.
Amazing opportunity to own a light and bright updated four bedroom, three bathroom pool home in Panorama. Centrally located in Cathedral City this property features a spacious floorplan with vaulted ceilings, vinyl plank flooring, updated kitchen with stainless steel appliances and direct access two car garage. Leased solar system provides a significant reduction in electricity costs throughout the year. Outdoors you will find a large pool and spa with a blank canvas surrounding them to create your own desert oasis.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.5 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 | 2,022 | 1,771.5 | 71% |
| Lot Size | 8,276 | 7,841 | 54% |
| Price | $575.0K | $545.0K | 58% |
| Price per sq ft | $284 | $308 | 32% |
| Built year | 1990 | 1992 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 184 | 7% |
Feb 21, 2026
$575,000
Initial Listing
Sep 10, 2007
$370,000
Public Record
Apr 26, 2004
$320,000
Public Record
Sep 15, 2000
$200,000
Public Record