2 King Edward Court, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 4 bed, 3 bath

2 King Edward Court, Rancho Mirage, California 92270 home-pic-0
ACTIVE UNDER CONTRACT$999,000
2 King Edward Court, Rancho Mirage, California 92270
4Beds
3Baths
3,068Sqft
13,504Lot

Price Vs. Estimate

The estimated value ($926,304.715) is $72,695.285 (7%) lower than the list price ($999,000). 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 = 13504, living area = 3068.
Top Cons:
Significant Price Reductions: The property has undergone multiple substantial price drops from its original list price of $1.15M to $999K, which may raise questions about its initial market positioning or perceived value.

Compared to the nearby listings

Price:$999.0K vs avg $1.08M ($-81,000)43%
Size:3,068 sqft vs avg 2,903 sqft60%
Price/sqft:$326 vs avg $42021%

More Insights

Built in 1999 (26 years old).
Condition: Built in 1999, this property is 25 years old. While meticulously maintained and functional, the kitchen features dated light wood cabinetry, white appliances, and granite countertops that are no longer in style. Similarly, the bathrooms exhibit dated cabinetry, countertops, and tile work. The flooring, a mix of tile and carpet, is clean but the tile style is also outdated. The property is in good condition structurally and functionally, but the aesthetic elements of the kitchen and bathrooms show clear signs of being outdated and would require significant updates to meet current market trends and buyer expectations.
Year Built
1999
Close
-
List price
$999K
Original List price
$1.15M
Price/Sqft
$326
HOA
$405
Days on market
-
Sold On
-
MLS number
25582813PS
Home ConditionFair
Features
Good View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

Wow! Set on a desirable corner lot in gated Victoria Falls, this Rancho Mirage home blends comfort, style, and over 3,000 square feet of living space. A gated front courtyard welcomes you inside, where vaulted ceilings in the foyer set the tone for light-filled interiors. French doors swing open from the main living areas, creating seamless indoor-outdoor flow. Both formal and informal spaces are here to enjoy, with a fireplace and wet bar anchoring the living room and a second fireplace warming the family room. The gourmet kitchen features a large walk-in pantry, center island, and plenty of storage. The ensuite primary retreat enjoys great separation from guest bedrooms and opens directly to the patio. The spa-like bath includes a separate tub and shower along with direct pool access, and the suite is finished with a generous walk-in closet. The guest wing offers three bedrooms and a full bath. The hallway itself opens to the front courtyard for added light and access, and a utility room with sink and direct side yard access is also positioned off this wing for everyday convenience. Outdoors, the ultra-private backyard showcases a pool and spa, a pergola-covered patio, and a built-in barbecue with counter seating, perfect for entertaining against a backdrop of mountain views. A spacious three-car garage provides ample room for vehicles, storage, or even a golf cart. Community tennis, pickleball, and basketball courts are just a short hop away. Fee land means you own it, and low HOA dues keep ownership easy.

Nearby schools

6/10
Rancho Mirage Elementary School
Public,K-53.3mi
3/10
Nellie N. Coffman Middle School
Public,6-82.4mi
5/10
Rancho Mirage High
Public,9-122.8mi
4/10
Desert Learning Academy
Public,K-126.8mi
Condition Rating
Fair

Built in 1999, this property is 25 years old. While meticulously maintained and functional, the kitchen features dated light wood cabinetry, white appliances, and granite countertops that are no longer in style. Similarly, the bathrooms exhibit dated cabinetry, countertops, and tile work. The flooring, a mix of tile and carpet, is clean but the tile style is also outdated. The property is in good condition structurally and functionally, but the aesthetic elements of the kitchen and bathrooms show clear signs of being outdated and would require significant updates to meet current market trends and buyer expectations.
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 = 13504, living area = 3068.
Desirable Location & Community: Situated on a desirable corner lot within the gated Victoria Falls subdivision, offering fee land ownership, low HOA dues, and access to community tennis, pickleball, and basketball courts.
Spacious & Well-Designed Interior: Over 3,000 square feet of living space featuring vaulted ceilings, distinct formal and informal areas with two fireplaces, a gourmet kitchen with a walk-in pantry and center island, and a private primary suite with a spa-like bath and direct pool access.
Exceptional Outdoor Living: An ultra-private backyard designed for entertaining, complete with a pool, spa, pergola-covered patio, built-in barbecue with counter seating, and scenic mountain views.
Generous Parking & Storage: A spacious three-car garage provides ample room for vehicles, additional storage, or even a golf cart, adding significant practical value.
Mountain Views: The property boasts a backdrop of mountain views from the backyard, enhancing its aesthetic appeal and desirability.

Cons

Significant Price Reductions: The property has undergone multiple substantial price drops from its original list price of $1.15M to $999K, which may raise questions about its initial market positioning or perceived value.
Potential for Dated Systems/Finishes: Built in 1999, the home is 25 years old, suggesting that some original systems or aesthetic finishes may require updates or maintenance to align with current buyer expectations or modern standards.
Lack of Explicit Modern Upgrades: While described as comfortable and stylish, the listing does not explicitly highlight recent significant modern upgrades such as smart home technology or advanced energy-efficient features, which are increasingly sought after in this market segment.

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