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2 Marine Way Lot #161, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 4 bath

2 Marine Way Lot home-pic-0
ACTIVE$2,399,990$2,924/sqft
Est. Value: $2,411,148
%
FairlyEstimate
2 Marine Way Lot #161, Rancho Mirage, California 92270
3Beds
4Baths
2,924Sqft
13,495Lot

Price Vs. Estimate

The estimated value ($2,411,148.07) is $11,158.07 (0%) lower than the list price ($2,399,990). 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 = 13495, living area = 2924.
Top Cons:
High Association Fees: The monthly association fee of $550 is substantial and represents a significant ongoing cost that potential buyers must factor into their budget.

Compared to the nearby listings

Price:$2.40M vs avg $1.06M (+$1,334,990)86%
Size:2,924 sqft vs avg 2,886 sqft53%
Price/sqft:$821 vs avg $41893%

More Insights

Built in 2025 (1 years old).
Condition: This property is brand new, built in 2025, and located in the exclusive Cotino, Storyliving by Disney community. The images confirm a state-of-the-art, modern design throughout. The kitchen features gourmet-quality finishes, new stainless steel professional-grade appliances, dark contemporary cabinetry, white quartz countertops, and a large central island. The bathrooms are equally luxurious with modern vanities, quartz countertops, a spacious walk-in glass shower, and a freestanding tub. All flooring (tile and carpet) appears new and pristine. There is no deferred maintenance, and all systems and components are new, meeting the highest current quality standards.
Year Built
2025
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$821
HOA
$550
Days on market
-
Sold On
-
MLS number
26632225PS
Home ConditionExcellent
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Welcome to Cotino, Storyliving by Disney, the first community of its kind in Rancho Mirage. Nestled on a great street and in near proximity to our clubhouse and the bay, this exquisite 3-bedroom, 3-bathroom, home with a gorgeous pool and spa is approximately 2,925 square feet and is thoughtfully designed for those seeking a quick move-in home in Cotino. Built by Shea Homes as part of their Grand Collection, this stunning Melodia design showcases a distinctive Oasis exterior elevation that blends modern style with timeless elegance. The residence invites you to discover a thoughtfully designed open-concept floor plan that seamlessly connects spacious living areas for comfort and ease. The elegant primary suite serves as a private retreat, featuring an expansive bath and a generous walk-in closet. Two secondary bedrooms, each with their own baths, provide ample space for guests or family. The well-appointed kitchen is a chef's dream, showcasing gourmet-quality finishes, a large central island perfect for gathering, and a walk-in pantry for abundant storage. Step outside to the expansive outdoor living area accessible from both the great room and the primary suite ideal for entertaining or enjoying tranquil moments. A versatile flex space offers the perfect setting for an office, entertainment room, or hobby studio tailored to your lifestyle needs. Cotino combines natural beauty, charming parks, and the magic of Disney to create a unique and vibrant community -- perfect for beginning your next chapter. Come see for yourself and experience all that this exceptional community has to offer.

P
Panayot Tomov
Listing Agent

Price History

Date
Event
Price
05/30/24
Sold
$566,000
Condition Rating
Excellent
This property is brand new, built in 2025, and located in the exclusive Cotino, Storyliving by Disney community. The images confirm a state-of-the-art, modern design throughout. The kitchen features gourmet-quality finishes, new stainless steel professional-grade appliances, dark contemporary cabinetry, white quartz countertops, and a large central island. The bathrooms are equally luxurious with modern vanities, quartz countertops, a spacious walk-in glass shower, and a freestanding tub. All flooring (tile and carpet) appears new and pristine. There is no deferred maintenance, and all systems and components are new, meeting the highest current quality standards.
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 = 13495, living area = 2924.
Exclusive Disney-Branded Community: The property is located in Cotino, Storyliving by Disney, the first community of its kind, offering a unique lifestyle and potential for enhanced value due to the prestigious brand association.
Brand New Construction & Modern Design: Built in 2025, this 'quick move-in home' features a thoughtfully designed open-concept floor plan, modern style, and timeless elegance, ensuring contemporary living standards.
Luxury Amenities & High-End Finishes: The home boasts a gorgeous private pool and spa, a chef's dream kitchen with gourmet-quality finishes, a large central island, and a walk-in pantry, catering to a luxurious lifestyle.
Spacious & Functional Layout: With 2,925 square feet, 3 bedrooms, and 4 bathrooms, including an elegant primary suite with an expansive bath and walk-in closet, and a versatile flex space, the layout is ideal for comfort and entertaining.
Desirable Location with Mountain Views: Nestled on a great street in Rancho Mirage, in proximity to the clubhouse and bay, the property offers appealing mountain views, enhancing its aesthetic and recreational appeal.

Cons

High Association Fees: The monthly association fee of $550 is substantial and represents a significant ongoing cost that potential buyers must factor into their budget.
Data Inconsistencies & Future Availability: The discrepancy between a 'quick move-in home' description and a 2026 'on_market_date', coupled with a past sale history of $566,000 for a property now listed at $2.4 million, creates ambiguity regarding immediate occupancy and pricing clarity.
Premium Pricing: As a brand-new home within the exclusive 'Storyliving by Disney' community, the property likely commands a premium price point, which may limit the pool of potential buyers compared to non-branded luxury homes in the area.
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