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29487 E Trancas Drive, Cathedral City, California 92234, Cathedral City, 92234 - 2 bed, 2 bath

29487 E Trancas Drive, Cathedral City, California 92234 home-pic-0
ACTIVE$399,000
29487 E Trancas Drive, Cathedral City, California 92234
2Beds
2Baths
1,425Sqft
6,534Lot
Year Built
1990
Close
-
List price
$399K
Original List price
$399K
Price/Sqft
$280
HOA
$995
Days on market
-
Sold On
-
MLS number
219140014DA
Home ConditionGood
Features
Excellent View: Golf Course, Mountain(s)
Patio
ViewGolf Course,Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $399.0K(82th), sqft - 1425(79th), beds - 2(50th), baths - 2(50th).

INCOME PROPERTY! Experience the breathtaking views from your back patio that overlook the majestic mountains and the serene Vista 2 fairway! This stunning property offers a fantastic open floorplan, perfect for entertaining or relaxing, with a beautiful kitchen boasting tons of storage. Enjoy the luxury of tile in the main areas of your home, making it as stylish as it is functional. This home has a full time renter until July 2027. This is an income generating property!. 2 car attached garage. Whole house humidifier. Land lease extended to 2069, a $20,000 savings! Monthly ground rent is $178.06.HOA fees include High Speed Internet, (2) DVR cable boxes, outside water, 24 hours guard gate and more! The Desert Princess has an affordable 27-hole PGA Championship golf course, no Tee-time lotteries, no initiation fees, rated among the best in the valley by GOLF DIGEST. This quiet community is away from the noise yet minutes from everything that is in Palm Springs; restaurants, shopping, casinos, an international airport, the Tramway, Art Museum, Theaters, and the Street Fair. 27 Holes of Championship Golf. Restaurant on site. Pamper yourself at our Wellness Spa, on site. Boasting 34 Community Pools and Spas-Make this your new address!

Nearby schools

5/10
Landau Elementary School
Public,•K-5•0.4mi
4/10
Agua Caliente Elementary School
Public,•K-5•1.1mi
6/10
Rio Vista Elementary School
Public,•K-5•1.2mi
5/10
James Workman Middle School
Public,•6-8•2.0mi
6/10
Cathedral City High School
Public,•9-12•2.7mi
4/10
Desert Learning Academy
Public,•K-12•2.9mi

Price History

Date
Event
Price
12/15/25
Listing
$399,000
Condition Rating
Good
Built in 1990, this property has undergone significant and stylish updates, particularly in the kitchen and bathroom. The kitchen features modern white shaker-style cabinets, stainless steel appliances (refrigerator, gas range, range hood), and clean countertops. The bathroom is impressively renovated with a modern floating vanity, vessel sink, glass-enclosed shower with textured subway tiles and a pebble floor, and contemporary fixtures. Wood-look flooring is consistent throughout the main living areas, and modern light fixtures are present. While the property is over 30 years old, these key renovations, along with the overall well-maintained appearance, make it move-in ready with no immediate renovation required, aligning well with the 'Good' condition criteria for properties extensively renovated within the last 5 to 15 years.
Pros & Cons

Pros

Guaranteed Rental Income: The property is an income-generating asset with a full-time renter secured until July 2027, providing immediate and stable cash flow for investors.
Exceptional Views: Enjoy breathtaking views of majestic mountains and the serene Vista 2 fairway directly from the back patio, enhancing the property's appeal and lifestyle.
Extensive Community Amenities: Part of Desert Princess, offering access to a 27-hole PGA Championship golf course (no tee-time lotteries or initiation fees), on-site restaurant, wellness spa, 34 community pools/spas, and 24-hour guard gate security.
Extended Land Lease & HOA Value: The land lease is extended to 2069, representing a significant savings, and HOA fees include high-speed internet, cable, outside water, and 24-hour guard gate service, adding value and convenience.
Prime Location & Accessibility: Situated in a quiet community, yet minutes away from the vibrant attractions of Palm Springs, including restaurants, shopping, casinos, an international airport, and cultural venues.

Cons

Restricted Immediate Occupancy: The property is tenant-occupied until July 2027, meaning a new owner cannot take immediate personal possession or undertake renovations until the lease expires.
Land Lease Structure: Operating under a land lease, which, despite its extension, may be a consideration for buyers preferring fee simple ownership and could potentially influence financing options or long-term appreciation perceptions.
Property Age & Potential Updates: Built in 1990, the property is over three decades old. While the kitchen is noted for storage, other areas or systems may require updates or maintenance in the near future to meet modern standards or prevent age-related issues.

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