68947 Risueno Road, Cathedral City, California 92234, Cathedral City, 92234 - 4 bed, 3 bath
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Cathedral City, California 92234
This Spacious Tri-Level Value-Add Home is listed at $599,000, positioned below the $602,814 Fair Market Value by 1%. Currently in Fair Condition, this "blank canvas" offers $3,814 in Instant Equity with significant upside through cosmetic updates like paint and flooring. The property features a Private Pool and Spa, Mountain Views, and a ground-floor bedroom. Located near Sunny Sands Elementary and Cathedral City High, this residence balances lifestyle perks with clear appreciation potential. It is an ideal acquisition for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 68947 Risueno Road Subject | $599,000* List Price | 4 | 3 | 2,371 | $253 | - |
A 68790 Minerva Road Sold | $535,000 | 4 | 2 | 2,216 | $241 | 0.4 mi |
B 29903 Calle Tampico Sold | $540,000 | 4 | 2 | 2,232 | $242 | 1.0 mi |
C 31540 Avenida Del Padre Sold | $530,000 | 4 | 3 | 1,994 | $266 | 0.9 mi |
D 69596 Anza Sold | $445,000 | 4 | 3 | 2,277 | $195 | 0.7 mi |
E 68420 Durango Sold | $495,000 | 3 | 3 | 1,864 | $266 | 0.5 mi |
F 68920 Minerva Road Active | $635,000 List Price | 4 | 3 | 2,216 | $287 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990, this property is described as a 'diamond in the rough' and a 'blank canvas' requiring cosmetic updates such as new flooring and paint. While the pool has been recently resurfaced and the home is functional, the interior features and systems are over 30 years old without significant recent renovations, placing it firmly in the fair category.
The property features a large 8,276 sq. ft. lot with a freshly gunited pool and spa, built-in gas BBQ, and mature fruit trees, perfectly capturing the desert's indoor/outdoor lifestyle.
This 2,371 sq. ft. tri-level home includes four sizable bedrooms, including a highly desirable bedroom and full bathroom on the ground floor, ideal for guests or multi-generational living.
Described as a 'diamond in the rough' with 'good bones,' the home offers a prime opportunity for buyers to build equity through personalized cosmetic renovations like new flooring and paint.
The interior is in need of updating, specifically flooring and paint, which may require immediate additional capital investment from the buyer upon move-in.
The solar system is leased at $225 monthly, representing a mandatory recurring expense that must be assumed by the buyer, impacting monthly debt-to-income ratios.
The tri-level architectural design involves multiple sets of stairs, which may be a drawback for buyers seeking high accessibility or a traditional single-story desert ranch layout.
''Your Private Desert Oasis Awaits: A Blank Canvas in Cathedral City''Please note: some photos virtually staged.Discover the potential of this spacious 4-sizable bedroom( 1 bedroom downstairs) 3-FULL bathrooms tri-level home, a true diamond in the rough with an unparalleled PRIVATE outdoor living space. Situated on a generous 8,276 sq. ft. lot in a quiet neighborhood, this property is the perfect canvas for those dreaming of customizing their Palm Springs-area retreat.The SOLAR (leased $225 monthly) home offers a substantial 2,371 sq. ft. of living space with good-sized bedrooms and a functional layout, providing the ''good bones'' for a stunning renovation. Home is also move in ready but you may want to paint and add new flooring that's all...The huge, private backyard, featuring a freshly gunited pool and spa, a covered seating area, a gas BBQ, and mature fruit trees. This space is a haven for relaxation and entertaining, epitomizing the highly desirable indoor/outdoor desert lifestyle.Conveniently located just minutes from local amenities, dining options, and casinos, combining a secluded feel with easy access to all the desert has to offer!Come on by and see for yourself!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.8 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 | 2,371 | 1,771.5 | 87% |
| Lot Size | 8,276 | 7,841 | 54% |
| Price | $599.0K | $545.0K | 66% |
| Price per sq ft | $253 | $308 | 16% |
| Built year | 1990 | 1992 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 110 | 184 | 23% |
Mar 2, 2026
$599,000
$625,000
-4% Price Drop
Initial Listing
Jan 22, 2026
$625,000
$650,000
-4% Price Drop
Initial Listing
Jan 2, 2026
$650,000
Initial Listing
Mar 14, 1996
$159,500
Public Record