8373 Terrace Drive, Morongo Valley, California 92256, Morongo Valley, 92256 - 2 bed, 1 bath
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Morongo Valley, California 92256
This Secluded Desert Sanctuary is a Prime Investment Opportunity, listed at $399,900—positioned well below the $416,169 Fair Market Value by 3%. This valuation gap offers $16,269 in Instant Equity. Featuring a Good Condition Rating, the home includes a modernized kitchen, new mini-split A/C units, and comes fully furnished. Perched on 5 acres with panoramic mountain views and RV hookups, the property balances financial upside with high-desert lifestyle perks. This is an ideal fit for Short-Term Rental Investors or Lifestyle Buyers seeking a turnkey retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8373 Terrace Drive Subject | $399,900* List Price | 2 | 1 | 1,092 | $381 | - |
A 8416 Terrace Drive Sold | $507,000 | 2 | 2 | 1,222 | $415 | 0.1 mi |
B 8887 Little Morongo Rd Sold | $350,000 | 2 | 1 | 900 | $389 | 0.6 mi |
C 8500 S Samel Road Active | $439,000 List Price | 1 | 1 | 936 | $469 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in-ready condition with significant recent updates. The kitchen has been modernized with new cabinetry, subway tile backsplash, and stainless steel appliances. The interior features updated flooring and new mini-split A/C units for climate control. While the structure dates to 1958, the extensive cosmetic and system refreshments align with the 'good' criteria for a well-maintained, updated home.
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.
The property sits on 5 acres of versatile land, offering exceptional privacy and significant potential for further development, RV hosting, or outdoor recreation.
This move-in-ready home comes fully furnished and features modern updates, including a renovated kitchen and new mini-split A/C units, making it ideal for an immediate residence or rental.
The home features only one bathroom for two bedrooms, which may be a drawback for guests or families and could limit its appeal as a high-end short-term rental.
Originally built in 1958, the property may require more frequent maintenance or infrastructure oversight compared to newer builds in the Morongo Valley area.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 46% |
| Square foot | 1,092 | 1,182 | 41% |
| Lot Size | 217,800 | 108,900 | 72% |
| Price | $399.9K | $350.0K | 62% |
| Price per sq ft | $366 | $295 | 69% |
| Built year | 1958 | 1959 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 174 | 5% |
Mar 12, 2026
$399,900
$420,000
-5% Price Drop
Initial Listing
Feb 24, 2026
$420,000
Initial Listing
Jan 13, 2023
$350,000
Public Record
Jul 8, 2005
$200,000
Public Record