165 Lake Shore Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 3 bath

165 Lake Shore Drive
Rancho Mirage, California 92270
Property Price
SUMMARY
Analysis of 165 Lake Shore Drive, Rancho Mirage, California 92270 is currently available with a list price of $675,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
The property is move-in ready and features significant interior updates, including a modernized kitchen with stainless steel appliances and stone countertops, as well as updated wood-look and tile flooring throughout. While the home was built in 1988, the interior finishes, cathedral ceilings, and well-maintained bathrooms reflect a high level of upkeep and style consistent with a property renovated within the last 5 to 15 years.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Waterfront Location
The property features an assigned private dock on a 25-acre lake, offering rare water access and stunning panoramic mountain views directly from the living areas and primary suite.
- Extensive Community Amenities
Located in the prestigious Lake Mirage Racquet Club, residents enjoy world-class facilities including 11 pools, 10 tennis courts, pickleball, and a guard-gated entrance for maximum security.
- Functional Single-Level Design
The highly desirable floor plan offers 1,813 square feet of living space with no interior steps and three bedrooms each featuring a private ensuite bath, ensuring both accessibility and privacy.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee is $1,031 per month, which represents a significant recurring expense that may deter budget-conscious buyers or impact financing ratios.
- Vintage Infrastructure
Built in 1988, the property and its community infrastructure are over 35 years old, which may necessitate ongoing maintenance or future capital improvement assessments despite recent interior updates.
About 165 Lake Shore Drive
Nestled within the heart of Lake Mirage, this beautifully updated 3-bedroom, 3-bath residence combines comfort, elegance, and resort-style living. Step inside to a light-filled, open floor plan featuring tile and wood-look flooring throughout, classic wood shutters, and soaring cathedral ceilings. A double-sided fireplace warms both the living and dining areas, creating an inviting atmosphere for relaxing or entertaining. Expansive windows frame panoramic views of the lake and surrounding mountains, while the spacious patio invites you to enjoy tranquil mornings or sunset gatherings by the water. The primary suite offers peaceful lake views, a generous walk-in closet, and a luxurious ensuite bath complete with jetted tub and separate shower. Each bedroom features direct access to its own bathroom, ensuring privacy and convenience for all. This highly desired floor plan offers the ease of single-level living--no interior steps--and includes an assigned dock, perfect for a small electric boat or kayak. Located within the prestigious Lake Mirage Racquet Club, residents enjoy world-class amenities including 25 acres of open lake for sailing and rowing, scenic jogging and cycling paths, 10 tennis courts, 2 pickleball courts, 11 pools and spas, a fitness center, and a clubhouse ideal for private gatherings. All set within a guard-gated community just minutes from premier shopping, fine dining, and top-rated healthcare in the heart of Rancho Mirage.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- 6,098 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
Rancho Mirage Unified Schools
James Earl Carter Elementary School
Grades K-5 • 1.5 mi
Palm Desert High School
Grades 9-12 • 2.7 mi
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 | 1,813 | 1,817 | 50% |
| Lot Size | 6,098 | 2,378.5 | 88% |
| Price | $675.0K | $542.5K | 80% |
| Price per sq ft | $372 | $309 | 80% |
| Built year | 1988 | 1980 | 84% |
| HOA | $1031.0 | $835 | 86% |
| Days on market | 148 | 158 | 47% |
Pricing History
Listed for Sale
Feb 4, 2026
$675,000
$688,000
-2% Price Drop
Initial Listing
Price Change
Oct 11, 2025
$688,000
Initial Listing


































































