69951 Papaya Lane, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath
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Cathedral City, California 92234
This Renovated Mid-Century Residence is a Prime Investment Opportunity, listed at $504,999—positioned well below the $527,486 Fair Market Value by 4%. This valuation gap offers $22,487 in Instant Equity. Boasting a Condition Rating of 2, the home features a Modern Kitchen, Remodeled Bathrooms, and a Flexible Floor Plan including a converted den and private office. With stunning Mountain Views and no HOA, this property in the Palm Springs Unified district is ideal for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 69951 Papaya Lane Subject | $499,999* List Price | 3 | 2 | 1,728 | $289 | - |
A 56554 Avenida Del Sol Sold | $560,000 | 3 | 3 | 1,790 | $313 | 0.4 mi |
B 36709 Avenida Del Sol Sold | $580,000 | 4 | 3 | 1,711 | $339 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1960, this mid-century home has undergone an extensive and high-quality renovation within the last year. The property features a fully updated modern kitchen, elegantly remodeled bathrooms, new flooring, and updated light fixtures. With the garage converted into a functional den and the addition of a private office/laundry room, all components meet current quality standards with no deferred maintenance, making it a move-in-ready gem.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1728.
This 1960s home has been stunningly updated to blend timeless mid-century character with modern finishes, offering a move-in-ready experience for design-conscious buyers.
The conversion of the original garage into a versatile den and the addition of an oversized laundry/office space provide significant functional square footage for remote work or guest hosting.
The original garage has been converted into living space, leaving the property without a traditional enclosed garage for vehicle storage or protection from the desert heat.
Despite a recent price reduction, the property has remained active on the market for over a month, which may lead to buyer hesitation or perceptions of overpricing for the specific neighborhood.
Wake-Up moment for a house that's priced to sell. Step into a timeless mid-century modern style in this thoughtfully updated home, designed for both comfort and functionality. The open floor plan creates a seamless flow between living spaces, making it perfect for everyday living and easy entertaining. This home offers three generously sized bedrooms and two well-appointed bathrooms, providing flexibility for families, guests, or a home office. The attached garage has been converted into additional usable space that's ideal for a bonus room, studio, or private retreat while the carport and driveway still provide convenient parking and storage. Out back, you'll find a great mix of green space and low-maintenance landscaping, with a grassy area for relaxing or play alongside desert-style elements that add character and keep upkeep simple. There's also plenty of room to add a pool, giving you the chance to create your own outdoor oasis. Located in a quiet, centrally situated neighborhood, this home is just minutes from markets, dining, and everyday essentials, making daily life both easy and convenient, all complemented by a manageable desert landscape. Extreme drop in price for this grand property will invite any potential buyer. Turn-key and move-in ready. Provides solar for saving energy. Desert curb appeal. Make it your home or an investment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,728 | 1,766 | 48% |
| Lot Size | 7,405 | 7,841 | 38% |
| Price | $500.0K | $545.0K | 34% |
| Price per sq ft | $289 | $308 | 33% |
| Built year | 1960 | 1992 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 92 | 184 | 16% |
Apr 7, 2026
$499,999
$504,999
-1% Price Drop
Initial Listing
Mar 2, 2026
$504,999
$514,000
-2% Price Drop
Initial Listing
Feb 26, 2026
$514,000
$529,000
-3% Price Drop
Initial Listing
Jan 20, 2026
$529,000
Initial Listing
Jul 10, 2024
$410,000
Public Record
Jul 17, 2020
$328,000
Public Record
May 31, 2019
$200,000
Public Record