141 Lake Shore Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 2 bed, 3 bath
141 Lake Shore Drive
Rancho Mirage, California 92270
Property Price
SUMMARY
Analysis of 141 Lake Shore Drive, Rancho Mirage, California 92270 is currently available with a list price of $589,000. 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, this property is well-maintained and move-in ready but features several dated aesthetic elements consistent with a home that has not had a major renovation in 15-25 years. While the kitchen has been updated with granite countertops and the living areas feature 20-inch ceramic tile, the cabinetry, mirrored walls, and overall architectural style reflect older trends. It meets the 'fair' criteria as an aged but functional home that requires minor cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Lakefront Location
Positioned on a premium lakefront lot with wide water frontage, this home offers exceptional mountain and water views, providing a quintessential resort-style living experience.
- Extensive Community Amenities
The Lake Mirage Racquet Club provides unparalleled lifestyle features, including 11 pools, 10 tennis courts, pickleball, and a unique Yacht Club with electric boat access, all secured by 24-hour manned security.
- Dual Primary Suite Layout
The floor plan is highly functional for guests or co-living, featuring two spacious primary suites with en-suite bathrooms and walk-in closets, complemented by a central atrium that floods the home with natural light.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4791, other record lot size in square feet = 871. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1615, other record living area = 882. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- High Carrying Costs
The monthly association fee of $1,031 is significant and may be a deterrent for buyers sensitive to high fixed monthly overhead costs.
- Dated Architectural Elements
Built in 1988, the property features some dated elements like mirrored walls and older floor tile styles that may require modernization to appeal to buyers seeking a contemporary aesthetic.
About 141 Lake Shore Drive
INCREDIBLE VIEWS -- LAKEFRONT LIVING AT ITS FINEST! This beautifully situated lakefront home offers an exceptional blend of comfort, style, and resort-like amenities in one of the most desirable locations within Lake Mirage.Step inside to discover two spacious primary suites, each featuring walk-in closets and full en-suite bathrooms. A convenient half-bath serves the main living area. The welcoming front courtyard entry sets the tone, while the back patio opens directly to the lake, offering wide water frontage and breathtaking mountain views.An atrium adjacent to the dining area brings in natural light and adds a serene ambiance. The dining space is enhanced by a mirrored feature wall and a double-sided fireplace shared with the living room. The kitchen includes granite counter tops and a convenient Breakfast Counter/Bar with seating for four.The floor plan features 20-inch ceramic tile throughout the main living areas, with carpeting in both primary bedrooms for added comfort.Positioned on a premium lakefront lot, this home is ideal for relaxing or entertaining against a stunning backdrop.Residents of Lake Mirage Racquet Club--a community of 238 homes--enjoy access to two scenic lakes, 11 pools, 10 tennis courts, and 2 pickleball courts. For an additional fee, you may join the Yacht Club, which allows you to lease community electric boats to explore the waterways--or even purchase your own, subject to association guidelines. 24 hour manned security is a plus!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- 4,791 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1031.0 / Month
Neighborhood Insights
Rancho Mirage Unified Schools
Rancho Mirage Elementary School
Grades K-5 • 0.6 mi
Nellie N. Coffman Middle School
Grades 6-8 • 3.7 mi
Rancho Mirage High
Grades 9-12 • 5.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 66% |
| Square foot | 1,615 | 1,813.5 | 37% |
| Lot Size | 4,791 | 2,378.5 | 77% |
| Price | $589.0K | $542.5K | 64% |
| Price per sq ft | $365 | $309 | 77% |
| Built year | 1988 | 1980 | 84% |
| HOA | $1031.0 | $835 | 86% |
| Days on market | 8 | 158 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$589,000
Initial Listing
Sold
Jul 31, 2023
$307,000
Public Record
Sold
Dec 15, 2016
$129,500
Public Record
Sold
Dec 28, 2007
$231,000
Public Record
Sold
Mar 25, 2004
$154,000
Public Record
Sold
Oct 17, 2002
$130,000
Public Record
Sold
Apr 7, 1998
$84,000
Public Record