8373 Terrace Drive, Morongo Valley, California 92256, Morongo Valley, 92256 - 2 bed, 1 bath
8373 Terrace Drive
Morongo Valley, California 92256
Property Price
SUMMARY
Analysis of 8373 Terrace Drive, Morongo Valley, California 92256 reveals a Fairly Priced Property with a current list price of $420,000 aligned with the estimated $415,651 Fair Market Value. This represents a stable investment opportunity at market rate. 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 Morongo Valley 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 |
|---|---|---|---|---|---|---|
★ 8373 Terrace Drive Subject | $420,000* List Price | 2 | 1 | 1,092 | $381 | - |
A 8887 Little Morongo Rd Sold | $350,000 | 2 | 1 | 900 | $389 | 0.6 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 1958, the property has undergone an extensive recent renovation within the last 5 years, bringing it to a turnkey state. The interior features a fully updated kitchen with modern cabinetry and stainless steel appliances, new mini-split HVAC systems, updated flooring, and contemporary bathroom fixtures. The property is move-in ready with no apparent deferred maintenance, meeting the criteria for a high-quality, recently renovated home.
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 = 217800, living area = 1092.
- Expansive Private Acreage
The property spans 5 acres of scenic desert land, offering exceptional privacy and significant potential for expansion, trails, or additional structures.
- Panoramic Mountain Views
Strategically perched on a mountainside, the home features large windows that provide breathtaking, unobstructed views of the desert landscape from every room.
CONSRISKS & DEFICIENCIES
- Single Bathroom Layout
The home includes only one bathroom for two bedrooms, which may limit functionality for families or high-occupancy short-term rentals.
- Vintage Infrastructure
Originally built in 1958, the property's older core infrastructure may necessitate more frequent maintenance compared to newer desert constructions.
About 8373 Terrace Drive
Escape to your own private desert sanctuary set on 5 acres of scenic land in Morongo Valley. Perched on a rustic mountainside, this FURNISHED move-in-ready home offers sweeping views, privacy, and endless potential to create your ideal retreat. All just a short drive from Palm Springs and Joshua Tree. Inside, the home features an updated full kitchen with breakfast bar, laundry and new mini-split A/C units. Large windows frame stunning mountain vistas from every room. Outdoors, the property is designed for flexibility and adventure. A new gravel parking pad and RV parking with hookups make it easy to host guests or accommodate desert explorers. The expansive acreage offers a blend of usable flat land and scenic hillside terrain, providing space to build, garden, create trails, or simply enjoy the serenity of wide-open skies and star-filled nights. Whether you're seeking a peaceful full-time residence, weekend getaway, or income-producing short-term rental, this secluded hideaway delivers the perfect balance of comfort, privacy, and natural beauty.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 217,800 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 48% |
| Square foot | 1,092 | 1,228 | 35% |
| Lot Size | 217,800 | 87,991 | 68% |
| Price | $420.0K | $373.8K | 74% |
| Price per sq ft | $385 | $272 | 68% |
| Built year | 1958 | 1959 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 162 | 3% |
Pricing History
Listed for Sale
Feb 24, 2026
$420,000
Initial Listing
Sold
Jan 13, 2023
$350,000
Public Record
Sold
Jul 8, 2005
$200,000
Public Record