2 Iridium Way, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 4 bed, 3 bath

2 Iridium Way, Rancho Mirage, California 92270 home-pic-0
ACTIVE$1,500,000
2 Iridium Way, Rancho Mirage, California 92270
4Beds
3Baths
2,583Sqft
14,810Lot

Price Vs. Estimate

The estimated value ($1,480,680.455) is $19,319.545 (1%) lower than the list price ($1,500,000). This property may be overpriced.

Key pros and cons

Top 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 = 14810, living area = 2583.
Top Cons:
Potential Overpricing: The current list price of $1.5M is higher than the estimated value of $1.44M and significantly above its last sale price of $1.2M in 2023, suggesting it may be priced at the upper end of the market.

Compared to the nearby listings

Price:$1.50M vs avg $1.09M (+$410,000)71%
Size:2,583 sqft vs avg 2,895.5 sqft40%
Price/sqft:$581 vs avg $42281%

More Insights

Built in 2021 (4 years old).
Condition: This property was built in 2021, making it virtually new. The description highlights a 'modern residence' with an 'open floor plan,' 'soaring 10-foot ceilings,' and 'recessed lighting.' The gourmet kitchen features 'top-of-the-line stainless steel appliances,' an 'oversized island,' and a 'wet bar,' all appearing pristine and contemporary in the images. Bathrooms are equipped with 'bidets' and the master boasts an 'oversized shower,' showcasing modern fixtures and finishes. High-end features like a whole-home water purification system, solar energy, and a premium sound system further underscore its excellent condition. All components are new, meet current quality standards, and show no signs of deferred maintenance.
Year Built
2021
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$581
HOA
$204
Days on market
-
Sold On
-
MLS number
219138267DA
Home ConditionExcellent
Features
Excellent View:
Pool
Spa
Patio
View-

About this home

Your own private Pickell ball court!!! This newer home in Iridium--a boutique community of just 27 modern residences in Rancho Mirage--offers the perfect blend of luxury and comfort. Inspired by the mid-century movement that defines desert architecture, this fully equipped long-term rental is designed to meet all your needs. Step into an open floor plan with soaring 10-foot ceilings, recessed lighting, and expansive multi-slide doors that lead to two private outdoor patios. Enjoy a range of amenities, including a private saltwater pool and spa, as well as a pickleball and basketball court, all set against breathtaking mountain views. This thoughtfully designed home features four bedrooms, ensuring privacy for all. One bedroom has been converted into a spacious, sunlit office. The master suite boasts an oversized shower and a generous walk-in closet, while a second bedroom includes an ensuite bathroom. The gourmet kitchen seamlessly connects to the great room, offering a wet bar, top-of-the-line stainless steel appliances, and an oversized island--perfect for entertaining. Additional high-end features include a whole-home water purification and softener system, bidets in all three bathrooms, a solar energy system,. A premium Pioneer sound system enhances both the living room and outdoor patio areas. Ideally situated near premier shopping, dining, golf courses, and outdoor recreation, this home offers the best of desert living

Price History

Date
Event
Price
05/26/23
Sold
$1,200,000
12/10/21
Sold
$1,050,000
Condition Rating
Excellent

This property was built in 2021, making it virtually new. The description highlights a 'modern residence' with an 'open floor plan,' 'soaring 10-foot ceilings,' and 'recessed lighting.' The gourmet kitchen features 'top-of-the-line stainless steel appliances,' an 'oversized island,' and a 'wet bar,' all appearing pristine and contemporary in the images. Bathrooms are equipped with 'bidets' and the master boasts an 'oversized shower,' showcasing modern fixtures and finishes. High-end features like a whole-home water purification system, solar energy, and a premium sound system further underscore its excellent condition. All components are new, meet current quality standards, and show no signs of deferred maintenance.
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 = 14810, living area = 2583.
Modern & New Construction: Built in 2021, this home boasts contemporary design with an open floor plan, soaring 10-foot ceilings, recessed lighting, and expansive multi-slide doors, reflecting modern luxury.
Exceptional Private Amenities: The property features a private saltwater pool and spa, along with a dedicated pickleball and basketball court, offering exclusive resort-style living and entertainment options.
High-End Interior Features: Equipped with a gourmet kitchen, top-of-the-line stainless steel appliances, an oversized island, wet bar, whole-home water purification/softener system, bidets in all bathrooms, and a premium Pioneer sound system.
Energy Efficiency: Includes a solar energy system, contributing to lower utility costs and a reduced environmental footprint, appealing to eco-conscious buyers.
Prime Location & Views: Located in a boutique Rancho Mirage community, offering breathtaking mountain views and convenient access to premier shopping, dining, golf courses, and outdoor recreation.

Cons

Potential Overpricing: The current list price of $1.5M is higher than the estimated value of $1.44M and significantly above its last sale price of $1.2M in 2023, suggesting it may be priced at the upper end of the market.
Converted Bedroom: One of the four bedrooms has been converted into an office, which might be a drawback for buyers specifically seeking four distinct sleeping quarters.
Monthly HOA Fees: A recurring monthly association fee of $204.0 adds to the overall cost of ownership, which some buyers may prefer to avoid.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state