69951 Papaya Lane, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 2 bath
69951 Papaya Lane
Cathedral City, California 92234
Property Price
SUMMARY
Analysis of 69951 Papaya Lane, Cathedral City, California 92234 reveals a Prime Investment Opportunity with a current list price of $504,999—significantly undercutting the $527,485 Fair Market Value by 4%. This valuation gap indicates a +$22,486 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Cathedral City Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 69951 Papaya Lane Subject | $504,999* List Price | 3 | 2 | 1,728 | $305 | - |
A 36709 Avenida Del Sol Sold | $580,000 | 4 | 3 | 1,711 | $339 | 0.5 mi |
B 35853 Canada Circle Sold | $650,000 | 3 | 2 | 2,350 | $277 | 0.8 mi |
C 56554 Avenida Del Sol Active Under Contract | $575,000 List Price | 3 | 3 | 1,790 | $321 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Renovated Mid-Century Design
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.
- Flexible Floor Plan
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.
CONSRISKS & DEFICIENCIES
- No Enclosed Parking
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.
- Market Aging
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.
About 69951 Papaya Lane
Priced to sell and offering below market value, this move-in-ready mid-century gem presents a rare opportunity for homeowners and investors alike. Seller is motivated, bringing serious value to today's market. Centrally located in the heart of Cathedral City, you're just minutes from shopping, dining, and everyday conveniences while enjoying a relaxed neighborhood setting. The updated kitchen and baths deliver both style and function, while outside, a lush green backyard oasis invites you to unwind, entertain, or explore future possibilities. Inside, the thoughtfully designed layout offers versatile spaces that can easily adapt to your lifestyle. Whether you envision a dedicated home office, private workout room, creative studio, media lounge, or guest retreat, the flexible floor plan allows buyers to tailor the home to their specific needs. Each room presents its uniqueness, creating comfort and functionality throughout. Set within a calm and pristine neighborhood, the property offers a peaceful atmosphere that perfectly complements its central location, delivering both convenience and tranquility in one exceptional opportunity. Must sell!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,728 | 1,751 | 49% |
| Lot Size | 7,405 | 7,841 | 39% |
| Price | $505.0K | $540.0K | 39% |
| Price per sq ft | $292 | $309 | 37% |
| Built year | 1960 | 1994 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 179 | 3% |
Pricing History
Listed for Sale
Mar 2, 2026
$504,999
$514,000
-2% Price Drop
Initial Listing
Price Change
Feb 26, 2026
$514,000
$529,000
-3% Price Drop
Initial Listing
Price Change
Jan 20, 2026
$529,000
Initial Listing
Sold
Jul 10, 2024
$410,000
Public Record
Sold
Jul 17, 2020
$328,000
Public Record
Sold
May 31, 2019
$200,000
Public Record