29320 S Laguna Drive, Cathedral City, California 92234, Cathedral City, 92234 - 3 bed, 3 bath

29320 S Laguna Drive, Cathedral City, California 92234 home-pic-0
ACTIVE$470,000
29320 S Laguna Drive, Cathedral City, California 92234
3Beds
3Baths
1,841Sqft
5,227Lot
Year Built
1990
Close
-
List price
$470K
Original List price
$500K
Price/Sqft
$255
HOA
$954
Days on market
-
Sold On
-
MLS number
219120400DA
Home ConditionGood
Features
Good View: Golf Course
Patio
ViewGolf Course

About this home

Possibly Over-Priced:The estimated price is 37% below the list price. We found 3 Cons,5 Pros. Rank: price - $470.0K(20th), sqft - 1841(54th), beds - 3(50th), baths - 3(56th).

Super Special! Seller will pay your Association fees for one year. Call agent for details.Spacious, recently remodeled3-bedroom, 3 full-baths home. Turnkey Furnished, ,just bring your toothbrush.Third bedroom is currently being used as a home office. This Villa was built as a Model home in 1990, a Buena Vista Model of the Classic Series. Two gas-log fireplaces. Two custom sky lights inmaster bath. Completed remodel of Villa interior and exterior repainting in 2021. A golf course back yard and another across street from villa. Furnished Turnkey. Featuring quartz large kitchen and wet bar counter tops. Desert Princess offers a 27-hole PGA championship golf course, beautifully maintained open year-round (except for overseeding). Member golf rates are some of the lowest in the valley. HOA includes social membership to the very active golf club, and cable internet including HBO and Showtime. Features 34 swimming pools and spas. Some of the amenities include bocce ball and pickleball courts, EV charging station, and tennis courts, and fitness center. Desert Princess Country Club is conveniently located just minutes away from Palm Springs International Airport, Downtown Palm Springs, restaurants,shopping, night life and hiking. Several casinos are nearby.Agent-Only Remarks: Be sure too show your buyers the restaurant, and clubhouse,tennis courts, and fitness center. Monthly ground rent is $170.36 per month. Grounds are maintained to your doorstep (you pay only for inside water).

Nearby schools

5/10
Landau Elementary School
Public,K-50.5mi
4/10
Agua Caliente Elementary School
Public,K-51.1mi
6/10
Rio Vista Elementary School
Public,K-51.2mi
5/10
James Workman Middle School
Public,6-82.1mi
6/10
Cathedral City High School
Public,9-122.7mi
4/10
Desert Learning Academy
Public,K-122.8mi
Condition Rating
Good

The property, built in 1990, underwent a significant interior and exterior remodel in 2021, including the installation of quartz countertops in the kitchen and wet bar. This recent renovation, within the last 5 years, makes it move-in ready and well-maintained. However, the kitchen appliances are white and appear older, not stainless steel, and the master bathroom's vanity and strip lighting, while clean, show an outdated style. These elements prevent it from reaching an 'Excellent' score, as not all components are new or virtually new to current quality standards. It fits the 'Good' criteria of being extensively renovated within 5-15 years, move-in ready, with some updated components but not a full, top-to-bottom modern renovation.
Pros & Cons

Pros

Recent Remodel & Turnkey Furnished: The home boasts a recent interior and exterior remodel completed in 2021, featuring quartz countertops in the kitchen and wet bar, and is offered fully furnished, making it move-in ready.
Extensive Community Amenities: Located within Desert Princess, residents have access to a 27-hole PGA championship golf course, 34 swimming pools and spas, bocce ball, pickleball, tennis courts, an EV charging station, and a fitness center.
Golf Course Frontage & Views: The property offers desirable golf course views from the backyard and is situated across the street from another golf course, enhancing its appeal for golf enthusiasts.
HOA Value & Financial Incentive: The HOA includes a social membership to the golf club, cable internet with premium channels, and the seller is offering to pay one year of association fees, providing significant value and a short-term financial benefit.
Convenient Location: The community is minutes away from Palm Springs International Airport, Downtown Palm Springs, various restaurants, shopping, nightlife, hiking, and several casinos.

Cons

Ground Lease: The property is subject to a monthly ground rent of $170.36, which is an ongoing cost in addition to the HOA fees and means the land is not owned outright.
High Combined Monthly Fees: The property incurs a substantial monthly association fee of $954, which, when combined with the ground rent, results in high recurring carrying costs.
Significant Discrepancy in Valuation: The current listing price of $470,000 is considerably higher than the automated property estimation of $295,096, potentially indicating an overvaluation or a challenge in justifying the price to prospective buyers.

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