10 Iridium Way, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 4 bed, 3 bath

10 Iridium Way, Rancho Mirage, California 92270 home-pic-0

10 Iridium Way

Rancho Mirage, California 92270

ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,540Sq Ft
12,197Lot Size

Property Price

LIST PRICE$1,188,000
EST. MARKET VALUE
$1,264,928
6% BelowMARKET VALUE

SUMMARY

Analysis of 10 Iridium Way, Rancho Mirage, California 92270 reveals a Prime Investment Opportunity with a current list price of $1,188,000—significantly undercutting the $1,264,928 Fair Market Value by 6%. This valuation gap indicates a +$76,928 Instant Equity potential for buyers. 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 Rancho Mirage 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

$1,264,928 +$76,928 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Rancho Mirage.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
10 Iridium Way
Subject
$1,188,000*
List Price
432,540$498-
A
2 Iridium Way
Active
$1,450,000
List Price
432,583$5610.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This property was built in 2021, placing it well within the 10-year threshold for an excellent rating. It features high-end modern finishes including a gourmet kitchen with quartz slab islands and top-tier stainless appliances, 10-foot ceilings with recessed lighting, and energy-efficient systems like owned solar and a tankless water heater. The home is in like-new condition with no deferred maintenance.

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 = 12197, living area = 2540.

  • Modern Sustainable Infrastructure

    The property features high-value, modern upgrades including owned solar panels, a tankless water heater, and a whole-home water purification and softener system, offering significant utility savings and efficiency.

  • Seamless Indoor-Outdoor Integration

    Designed for the desert lifestyle, the home utilizes expansive multi-slide doors that connect the 10-foot ceiling great room to a resort-style backyard featuring a saltwater pool, spa, and panoramic mountain views.

CONSRISKS & DEFICIENCIES

  • Bathroom-to-Bedroom Ratio

    With four bedrooms and only three bathrooms, the home may feel slightly underserviced for high-occupancy guest scenarios compared to other luxury 'mini estates' in the area.

  • Gated Community Restrictions

    Membership in a boutique gated enclave requires a monthly association fee and adherence to CC&Rs, which may limit owner flexibility regarding exterior modifications or short-term rental potential.

About 10 Iridium Way

Tucked inside Iridium, a boutique gated enclave of just 27 New Century Modern residences in Rancho Mirage, this newer home channels the clean lines and easy elegance of classic desert design--reimagined for today's lifestyle. Inspired by the mid-century movement that shaped the Coachella Valley, this fully equipped mini estate delivers a polished blend of luxury, comfort, and effortless indoor-outdoor living.Inside, an open great-room layout is elevated by soaring 10-foot ceilings, recessed lighting, and expansive multi-slide doors that dissolve into two private outdoor patios--perfect for morning coffee, golden-hour cocktails, and everything in between. The resort-style backyard takes center stage with a Neptune-inspired saltwater pool and spa, outdoor shower, and fire pit, all framed by tranquil panoramic mountain views--including twilight skies with sightlines toward San Jacinto and Big Bear.Designed with privacy in mind, the home offers four bedrooms. The primary suite is a serene retreat with an oversized shower, accent-lit double vanity, and a generous walk-in closet. The gourmet kitchen flows seamlessly into the great room and wet bar, featuring top-tier stainless appliances and a quartz slab island--tailor-made for entertaining.Modern conveniences include a whole-home water purification + softener system, tankless water heater, smart lighting and home features, high-speed data wiring, and owned solar--a crisp, contemporary take on iconic desert living at its most refined.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2021
Lot Size
12,197 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$246.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
66%
Baths3.03.0
50%
Square foot2,5402,751.5
39%
Lot Size12,19710,454
60%
Price$1.19M$1.10M
54%
Price per sq ft$468$433
63%
Built year20211999
83%
HOA$246.0$445
16%
Days on market8155
0%

Pricing History

Listed for Sale

Feb 27, 2026

$1,188,000

Initial Listing

Sold

Dec 15, 2021

$888,500

Public Record

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