68541 Calle Alcazar 3, Cathedral City, California 92234, Cathedral City, 92234 - 2 bed, 3 bath
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Cathedral City, California 92234
This Spacious Value-Add Condominium is listed at $324,900, representing a stable entry point aligned with its $315,691 Fair Market Value. With a Condition Rating of 4, the property is well-maintained in its original 1979 state, providing a blank canvas for modernization and forced appreciation. The 1,550 sqft floor plan features a versatile den, large two-car garage, lemon tree, and dual patios within the gated Cathedral Canyon Country Club. Located near Cathedral City High School, it offers premium golf and tennis amenities. This is an ideal project for Value-Add Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 68541 Calle Alcazar 3 Subject | $290,000* List Price | 2 | 3 | 1,550 | $187 | - |
A 68410 Paseo Real Sold | $320,000 | 2 | 3 | 1,505 | $213 | 0.2 mi |
B 35200 Cathedral Canyon Drive W184 Sold | $329,000 | 2 | 3 | 1,699 | $194 | 0.2 mi |
C 68644 Calle Mancha Sold | $290,000 | 2 | 2 | 1,486 | $195 | 0.2 mi |
D 35200 Cathedral Canyon Drive D33 Sold | $256,500 | 2 | 2 | 1,384 | $185 | 0.0 mi |
E 35200 Cathedral Canyon Drive 102 Sold | $275,000 | 2 | 2 | 1,384 | $199 | 0.1 mi |
F 35401 Calle Sonseca Sold | $271,000 | 2 | 2 | 1,406 | $193 | 0.2 mi |
G 68534 Calle Alcazar Active Under Contract | $308,500 List Price | 2 | 2 | 1,406 | $219 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, the property remains in mostly original condition, particularly in the kitchen and bathrooms. While the home appears well-maintained and functional, the cabinetry, tile countertops, white appliances, and fluorescent lighting are significantly outdated. The flooring and fixtures reflect the era of construction, fitting the criteria for a property that is aged but maintained through regular upkeep without major recent renovations.
The 1,550 sqft layout features a den that can easily serve as a third bedroom, providing excellent flexibility for guests or a home office.
Situated in the gated Cathedral Canyon Country Club, the property offers access to premium amenities including golf, tennis, and a pool just a short walk away.
The west-facing orientation and multiple outdoor patios ensure the home receives excellent morning and afternoon sunlight, enhancing the living environment.
The kitchen and bathrooms remain in their original condition, requiring a significant budget for modernization and customization to meet current market standards.
The $591 monthly association fee represents a substantial recurring expense that may impact the overall affordability for some buyers.
Seller is motivated. Submit all offers. Spacious 2-bedroom + den (optional 3rd bedroom), 2-bath home in gated Cathedral Canyon Country Club. Entry hall opens to a formal living and dining room. Bedrooms are large and privately separated from living areas. Original kitchen and baths offer great potential for customization. West-facing orientation provides excellent morning and afternoon sunlight. Features include a large lemon tree in the front yard, back and side patios, and a semi-private backyard ideal for relaxing or entertaining. Short walk to the pool and conveniently located two streets in from the Cathedral Canyon entrance. Large two-car garage. Enjoy golf, tennis, and resort-style amenities, minutes to shopping, dining, and Palm Springs Airport in this sought after community. Property may be good for investors/flippers/buy and hold.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 2.5 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 93% |
| Square foot | 1,550 | 1,212 | 85% |
| Lot Size | - | 1,307 | 19% |
| Price | $290.0K | $289.5K | 50% |
| Price per sq ft | $187 | $238 | 4% |
| Built year | 1979 | 1985 | 13% |
| HOA | $591.0 | $575 | 56% |
| Days on market | 127 | 179 | 21% |
Apr 17, 2026
$290,000
$324,900
-11% Price Drop
Initial Listing
Feb 6, 2026
$324,900
$339,000
-4% Price Drop
Initial Listing
Dec 16, 2025
$339,000
Initial Listing