68832 E Street, Cathedral City, California 92234, Cathedral City, 92234 - 2 bed, 2 bath
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Cathedral City, California 92234
This Turnkey Desert Retreat represents a Strong Value Opportunity, listed at $400,000—positioned well below the $449,377 Fair Market Value by 10%. This valuation gap provides $49,377 in Instant Equity. Featuring a private pool and spa, panoramic mountain views, and a detached casita, the property maintains a Condition Rating of 3. Its versatile layout and secure, gated lot offer significant income potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 68832 E Street Subject | $400,000* List Price | 2 | 2 | 1,208 | $372 | - |
A 68620 Nightingale Road Sold | $440,000 | 3 | 2 | 1,392 | $316 | 0.5 mi |
B 69774 Papaya Lane Sold | $470,000 | 3 | 2 | 1,314 | $358 | 1.0 mi |
C 37530 Melrose Drive Active Under Contract | $399,000 List Price | 3 | 2 | 1,328 | $300 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1959, the property has undergone significant modern renovations. It features updated flooring, modern mini-split HVAC systems, and a well-maintained pool and spa area. The listing describes it as turnkey and move-in ready, indicating a renovation likely within the 5-15 year range.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1208.
The inclusion of a fully equipped detached casita offers significant flexibility for rental income, guest housing, or multigenerational living in a sought-after neighborhood.
The property is fully enclosed by a striking Cor-Ten steel gate on a large 10,000 sq ft lot, providing exceptional privacy and secure parking for multiple vehicles or an RV.
With only 1,208 total square feet divided between the main house and casita, the individual living areas and bedrooms may feel small or restrictive.
Built in 1959, the property may possess aging mechanical systems or structural elements typical of mid-century homes that require more frequent maintenance.
Modern desert retreat in the sought-after Cathedral City Cove featuring a private main house, plus fully equipped detached casita -- ideal for guests, rental income, or multigenerational living. Set on a nearly 10,000 sq ft lot, this 2-bedroom, 2-bath property offers stunning mountain views, a private pool and spa, covered patio, and desert landscaping designed for relaxed indoor-outdoor living. A striking Cor-Ten steel gate surrounds the entire property, and provides exceptional privacy and security. The gated driveway accommodates 2 cars, an oversized truck, or RV. Offered turnkey furnished and move-in ready, with income potential from leasing both structures. Conveniently located minutes from Agua Caliente Casino Cathedral City, The River at Rancho Mirage, and El Paseo Shopping District.
No exterior & parking available.
Grades K-5 • 3.4 mi
Grades K-5 • 5.0 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 10% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,208 | 1,752 | 7% |
| Lot Size | 9,583 | 7,841 | 79% |
| Price | $400.0K | $555.0K | 10% |
| Price per sq ft | $331 | $316 | 60% |
| Built year | 1959 | 1990 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 168 | 0% |
May 13, 2026
$400,000
Initial Listing
Apr 17, 2015
$219,000
Public Record
Jul 21, 2009
$61,500
Public Record
Aug 9, 2006
$288,000
Public Record