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28268 Desert Princess, Cathedral City, CA 92234

$199K1bd · 2ba · 851 sqft
Lot 871 sqft•HOA $995/mo•Condominium•
Active
•111d on market•MLS# PW-26134351

Property Description

Looking for a summer condo? Maybe a 2nd home to visit the valley throughout the year? Or maybe you're thinking of down sizing to a cute condominium to enjoy the Palm Spring lifestyle without the Palm Springs price tag taking advantage of all the amenities this community has to offer? Either way the answer is yes, yes and yes! This comfortable 1 bed 2 bath 851 sqft condominium is the perfect solution to every need. Want privacy? Its an end unit only sharing 1 common wall. Like to swim? Its a 60 second walk to a private pool with amazing views. Worried about crime when you're not around? The community is a guarded gate entrance. Like to golf? Desert Princess offers a 27 hole championship golf course. Some of the best views in the Coachella Valley. They have shops, dining, golf etc. Its a slice of the good life. The home itself, has a spacious porch, inviting living room with high ceilings and a main bedroom with its own sliding glass doors to the patio. More importantly, this unit has a grandfathered in short term rental permit allowing you to rent the property for less than 30 days. So that means, you could rent it for the winter months to someone looking to enjoy the weather at 3,4, or 5 months at a time. Or you could rent it a few times a month to those who want to get away from the big city hustle to relax by the pool. Either way, you're set. Perfect for the festival season or to use as a full time investment property. Included detached garage and the unit is offered completely furnished. The biggest benefit here is the land lease. This community has a bit of difficulty obtaining financing mainly due to the remaining duration of the lease. This unit upon it's last purchase was extended. So buyers may obtain a 30 yr mortgage making this financially a better option regarding monthly affordability.

Features & Amenities

Desert PrincessLeaseBuilt 1985

Property Details

Subdivision
Desert Princess
Land Type
Lease
Year Built
1985
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
1
Heating
Central
Cooling
Central Air
View
Mountain(s)
City
Cathedral City
Zip Code
92234
County
Riverside
Listed bySunset Realty, Larry Hernandez

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,006.25
Principal & Interest
Loan Amount
$159,200
Total Interest
$203,051
Total Payment Over 30 Years
$362,251
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Desert Princess

This property is located in Desert Princess, a community in Cathedral City. Explore more listings in this neighborhood to compare options and pricing.

View Desert Princess Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

28268 Desert Princess, Cathedral City, CA 92234

Desert Princess · Cathedral City · Condominium · Lease Land

$199K
Affordable Tier
Beds
1
Baths
2
Sqft
851
Lot
871 sqft
Year
1985
$/Sqft
$234
Pool: Yes✓
View: mountain✓
Garage: 1-car✓

Listed 22.0% below the median closed sale of $255,000. Price per sqft ($234) is a 11% discount to closed comps ($262). Closed comps sold at 94% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 141 days on market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $199K· $234/sqft
Total list price
Closed comps
vs closed median $255K
−$56K (−22.0%)
Active comps
vs active median $285K
−$86K (−30.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $308
−$74 (−24.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
32505 Candlewood DriveCathedral City1985228480$259$219,5002675
454 Bradshaw LanePalm Springs198322960941$297$285,000172
31200 Landau BoulevardCathedral City1986228020$355$285,00020970
31200 Landau BoulevardCathedral City198622934871$284$265,0007270
2530 Whitewater Club DrivePalm Springs197211858802$344$295,000169
Total: 5 · Average1.81.8880.4871.333$307.8$269,90061.8
Median858$285,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
31200 Landau BoulevardCathedral City198610/07/202622802802$249,000$219,000$2730.888175
31200 Landau BoulevardCathedral City198609/01/202622906906$259,000$259,000$2861.0024174
67252 Chimayo DriveCathedral City198509/21/2026221,1771$350,000$325,000$2760.9311673
31200 Landau BoulevardCathedral City198609/18/2026229340$259,000$240,000$2570.9312269
31200 Landau BoulevardCathedral City198808/03/2026221,1600$259,000$255,000$2200.9814461
Total: 5 · Average2.02.0995.8569.667$259,600$259,600$262.4—140.8
Median934$255,000$255,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.