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11 Sterling Place, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 3 bath

11 Sterling Place, Rancho Mirage, California 92270 home-pic-0
ACTIVE$1,800,000
11 Sterling Place, Rancho Mirage, California 92270
3Beds
3Baths
2,498Sqft
13,068Lot

Price Vs. Estimate

The estimated value ($1,618,655.315) is $181,344.685 (10%) lower than the list price ($1,800,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 13068, living area = 2498.
Top Cons:
Significant Price Adjustments: The property has undergone multiple price reductions from an original list price of $2.1M to $1.8M, which may suggest initial overpricing or a longer time on market, potentially raising buyer questions.

Compared to the nearby listings

Price:$1.80M vs avg $1.09M (+$710,000)77%
Size:2,498 sqft vs avg 2,895.5 sqft35%
Price/sqft:$721 vs avg $42290%

More Insights

Built in 1996 (29 years old).
Condition: Despite being built in 1996, this property has clearly undergone an extensive, high-end renovation, as evidenced by the description and images. The kitchen features modern two-tone cabinetry, sleek white countertops, top-of-the-line stainless steel appliances (including double wall ovens and a professional range hood), and contemporary lighting, all appearing virtually new. Bathrooms are stylish with modern fixtures and clean tiling. Polished concrete flooring throughout the main living areas adds to the contemporary aesthetic. The outdoor oasis with a pebble tech pool, spa, and fully equipped outdoor kitchen is also in excellent, updated condition. The 'luxurious finishes, curated by a renowned local interior designer' mentioned in the description strongly support a recent, comprehensive update that brings the property's visible components to an excellent, current standard.
Year Built
1996
Close
-
List price
$1.8M
Original List price
$2.1M
Price/Sqft
$721
HOA
$250
Days on market
-
Sold On
-
MLS number
219136066DA
Home ConditionExcellent
Features
Pool
Spa
Patio
ViewPool

About this home

PRICE ADJUSTMENT!!!! Crafted by Foxx Homes, this BREATHTAKING residence in the sought-after Sterling Cove community in Rancho Mirage offers sophisticated design and LUXURIOUS finishes, curated by a renowned local interior designer. With 3 spacious bedrooms and 3 stylish bathrooms, this home features a cozy fireplace in the family room and an open-concept layout-- all perfect for entertaining, adding a touch of Hollywood glamour to the home. Soaring ceilings and abundant natural light create an inviting atmosphere throughout. Step outside into your own tropical oasis, complete with a STUNNING pebble tech pool and spa, elegant water fountains, and a fully equipped OUTDOOR KITCHEN with a BBQ. This exceptional home embodies the ultimate Southern California desert lifestyle..Seller has architectural plans available for adding a stunning 1,000 sq. ft. 2-bedroom, 3-bath casita overlooking the pool--perfect for guests or extended family. The spacious backyard offers ample room for expansion and outdoor entertaining, creating an ideal setting to bring your vision to life.

Nearby schools

6/10
Rancho Mirage Elementary School
Public,•K-5•2.9mi
3/10
Nellie N. Coffman Middle School
Public,•6-8•1.3mi
5/10
Rancho Mirage High
Public,•9-12•2.7mi
4/10
Desert Learning Academy
Public,•K-12•5.5mi
Condition Rating
Excellent
Despite being built in 1996, this property has clearly undergone an extensive, high-end renovation, as evidenced by the description and images. The kitchen features modern two-tone cabinetry, sleek white countertops, top-of-the-line stainless steel appliances (including double wall ovens and a professional range hood), and contemporary lighting, all appearing virtually new. Bathrooms are stylish with modern fixtures and clean tiling. Polished concrete flooring throughout the main living areas adds to the contemporary aesthetic. The outdoor oasis with a pebble tech pool, spa, and fully equipped outdoor kitchen is also in excellent, updated condition. The 'luxurious finishes, curated by a renowned local interior designer' mentioned in the description strongly support a recent, comprehensive update that brings the property's visible components to an excellent, current standard.
Pros & Cons

Pros

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 = 13068, living area = 2498.
Luxurious Design & Finishes: Crafted by Foxx Homes with sophisticated design and luxurious finishes, curated by a renowned local interior designer, adding significant aesthetic appeal and value.
Exceptional Outdoor Oasis: Features a stunning pebble tech pool and spa, elegant water fountains, and a fully equipped outdoor kitchen with a BBQ, creating an ideal setting for entertaining and the Southern California desert lifestyle.
Expansion Potential: Architectural plans are available for adding a 1,000 sq. ft. 2-bedroom, 3-bath casita, offering significant potential for increased living space, guest accommodation, or rental income.
Desirable Open-Concept Layout: The home boasts an open-concept layout with soaring ceilings and abundant natural light, creating an inviting atmosphere perfect for entertaining.
Sought-After Community: Located in the highly desirable Sterling Cove community in Rancho Mirage, known for its appeal and quality of life.

Cons

Significant Price Adjustments: The property has undergone multiple price reductions from an original list price of $2.1M to $1.8M, which may suggest initial overpricing or a longer time on market, potentially raising buyer questions.
Discrepancy with Estimated Value: The current list price of $1.8M is approximately 9% higher than the estimated property value of $1.62M, which could impact appraisal or buyer perception of value.
Property Age: Built in 1996, the property is approaching 30 years old, meaning major systems like HVAC, roofing, and plumbing may be nearing the end of their typical lifespan and could require future investment.

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