139 Lake Shore Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 3 bath
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Rancho Mirage, California 92270
This Lakefront Value-Add Condominium is listed at $499,000, positioned accurately at its $499,000 Fair Market Value. Currently holding a Condition Rating of 4, the residence requires cosmetic modernization but offers immense potential for forced appreciation. Significant mechanical updates are already complete, including a new 2025 HVAC system and a Liftmaster wi-fi garage door. The property boasts panoramic lake and mountain views within the prestigious Lake Mirage Racquet Club, featuring 10 pools and extensive racquet facilities. This is an ideal project for Fix-and-Flip Investors or Owner-Occupants looking to customize a high-end desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 139 Lake Shore Drive Subject | $499,000* List Price | 3 | 3 | 1,947 | $256 | - |
A 72485 Roxbury Drive Sold | $450,000 | 3 | 3 | 1,922 | $234 | 0.6 mi |
B 185 Kavenish Drive Sold | $570,000 | 3 | 3 | 1,724 | $331 | 1.0 mi |
C 72305 Rodeo Way Sold | $545,000 | 3 | 3 | 1,922 | $284 | 0.6 mi |
D 72355 Roxbury Drive Pending | $525,000 List Price | 3 | 3 | 1,922 | $273 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
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.'
The property boasts a premium lakefront position offering panoramic views of the water and mountains, providing a serene and high-value setting.
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.
Significant recent investments include a new HVAC system (2025), a new Liftmaster wi-fi garage door, and updated flooring in the primary suite.
The monthly association fee of $1,031 is substantial and may impact the overall affordability and monthly carrying costs for potential buyers.
The listing explicitly mentions the property needs 'some TLC,' suggesting that buyers should budget for additional renovation or repair costs.
Built in 1988, the property may require modernization of original finishes and fixtures to meet the expectations of contemporary luxury buyers.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 64% |
| Square foot | 1,947 | 1,798 | 63% |
| Lot Size | 4,792 | 2,614 | 76% |
| Price | $499.0K | $570.0K | 30% |
| Price per sq ft | $256 | $324 | 12% |
| Built year | 1988 | 1979 | 84% |
| HOA | $1031.0 | $839 | 80% |
| Days on market | 145 | 153 | 46% |
Apr 6, 2026
$499,000
$550,000
-9% Price Drop
Initial Listing
Nov 29, 2025
$550,000
Initial Listing