139 Lake Shore Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 3 bath
139 Lake Shore Drive
Rancho Mirage, California 92270
Property Price
SUMMARY
Analysis of 139 Lake Shore Drive, Rancho Mirage, California 92270 is currently available with a list price of $550,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1988, the property is functional but significantly dated, featuring original kitchen cabinetry, tile countertops, and bathroom finishes. While it has received some recent essential updates including a new HVAC system (2025) and primary suite flooring, the overall aesthetic requires cosmetic modernization, and the listing explicitly notes it 'needs some TLC.'
PROSSTRENGTHS & OPPORTUNITIES
- Prime Lakefront Location
The property boasts a premium lakefront position offering panoramic views of the water and mountains, providing a serene and high-value setting.
- Extensive Community Amenities
Residents have access to resort-style living within the Lake Mirage Racquet Club, featuring 10 pools, 10 tennis courts, pickleball, and a 3-hole pitch & putt.
- Recent Mechanical Upgrades
Significant recent investments include a new HVAC system (2025), a new Liftmaster wi-fi garage door, and updated flooring in the primary suite.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $1,031 is substantial and may impact the overall affordability and monthly carrying costs for potential buyers.
- Requires Cosmetic TLC
The listing explicitly mentions the property needs 'some TLC,' suggesting that buyers should budget for additional renovation or repair costs.
- Dated Construction Era
Built in 1988, the property may require modernization of original finishes and fixtures to meet the expectations of contemporary luxury buyers.
About 139 Lake Shore Drive
Awesome views from lakefront location 3 bedroom/3 ensuite bath condominium, enclosed atrium-bonus room, with soaring Living Room ceiling, gas fireplace, trey lighted ceiling, wet bar, tile & laminate flooring throughout and only steps from one of the communities ten pools/spas in centrally located prestigious Lake Mirage Racquet Club. Needs some TLC. November 2025, new HVAC, new primary suite laminate flooring, and Liftmaster wi-fi LED garage door. Lake Mirage Racquet Club offers two lakes on twenty-six acres of water, ten tennis courts, pickle ball, small gym in clubhouse and 3 hole pitch & putt. Top rated health care, fine shopping & dining are all conveniently nearby.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- 4,792 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1031.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 52% |
| Baths | 3.0 | 2.0 | 66% |
| Square foot | 1,947 | 1,822.5 | 58% |
| Lot Size | 4,792 | 2,378.5 | 79% |
| Price | $550.0K | $542.5K | 51% |
| Price per sq ft | $282 | $307 | 33% |
| Built year | 1988 | 1980 | 84% |
| HOA | $1031.0 | $835 | 86% |
| Days on market | 99 | 158 | 21% |
Pricing History
Listed for Sale
Nov 29, 2025
$550,000
Initial Listing