12 Strauss Terrace, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 5 bed, 8 bath

12 Strauss Terrace, Rancho Mirage, California 92270 home-pic-0
ACTIVE$4,995,000
12 Strauss Terrace, Rancho Mirage, California 92270
5Beds
8Baths
7,480Sqft
57,064Lot
Year Built
2009
Close
-
List price
$5M
Original List price
$5.2M
Price/Sqft
$668
HOA
$950
Days on market
-
Sold On
-
MLS number
219118631DA
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 4% below the list price. We found 3 Cons,6 Pros. Rank: price - $5.00M(96th), sqft - 7480(98th), beds - 5(91th), baths - 8(97th).

Privately gated estate on over an acre at The Renaissance featuring a private pickleball court! Five bedrooms, seven and a half baths including guest house. Approximately 7,480 sq. ft. on 1.31 acres. Enter through grand foyer to great room with two-way fireplace to formal dining room with custom wet bar. Gourmet kitchen with extended double sink island and counter bar, top-of-the-line appliances, adjacent wine cellar, prep kitchen and family room with media. Gorgeous master retreat with fireplace, sitting area, lavish bath and custom closet. The inviting guest suites include a detached one bedroom guest house. All major rooms open to the outdoor entertainment area with dining and lounging loggia including fireplace. There is another custom stone fireplace under pergola with seating, step down to pickleball court and putting green. Custom pool with waterfall spa and fountain, outdoor bar and BBQ kitchen. Meticulous mature landscaping, four car garage, solar panels and more! Offered furnished per inventory.

Nearby schools

8/10
James Earl Carter Elementary School
Public,K-51.4mi
7/10
Palm Desert High School
Public,9-122.5mi
Condition Rating
Excellent

Built in 2009, this luxury estate, while 15 years old, presents in virtually new condition due to its high-end construction, meticulous maintenance, and timeless design. The gourmet kitchen features top-of-the-line appliances, custom wood cabinetry, and granite countertops, all appearing pristine. Bathrooms are lavish with custom vanities, stone finishes, and modern fixtures. Throughout the home, flooring (tile/stone and carpet) and lighting are in excellent condition, and the property boasts modern amenities like solar panels. There is no visible deferred maintenance or signs of physical depreciation, aligning with the 'Excellent' criteria for quality and condition.
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 = 57064, living area = 7480.
Luxury Amenities & Recreation: The estate boasts a private pickleball court, putting green, custom pool with waterfall spa, outdoor bar, and BBQ kitchen, offering an unparalleled resort-like lifestyle.
Expansive & Private Estate: Situated on a privately gated 1.31-acre lot (57,064 sq. ft.), the property provides significant space, privacy, and meticulously mature landscaping.
Gourmet Kitchen & Entertaining Spaces: Features a gourmet kitchen with top-of-the-line appliances, an extended double sink island, wine cellar, prep kitchen, custom wet bar, and formal dining room, ideal for high-end entertaining.
Generous Accommodations & Guest House: With 5 bedrooms, 7.5 baths, and a detached one-bedroom guest house, the property offers extensive living space and private accommodations for residents and guests.
Modern Features & Efficiency: Equipped with solar panels for energy efficiency and a four-car garage, adding practical value and reducing operational costs for a luxury homeowner.

Cons

High Monthly Association Fees: The $950.0 monthly association fee is a substantial ongoing expense that could impact the total cost of ownership and appeal to some buyers.
Potential Overpricing: The current listing price of $4.995M is higher than the estimated property value of $4.779M, which may suggest it is priced above current market algorithms.
Furnishing Condition/Preference: While offered furnished 'per inventory,' the specific style or condition of the furnishings might not align with all luxury buyers' tastes, potentially requiring additional investment for customization.

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