23 Stephen Terrace, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 4 bed, 7 bath

23 Stephen Terrace, Rancho Mirage, California 92270 home-pic-0
ACTIVE UNDER CONTRACT$2,999,000
23 Stephen Terrace, Rancho Mirage, California 92270
4Beds
7Baths
5,850Sqft
21,780Lot
Year Built
1998
Close
-
List price
$3M
Original List price
$3.9M
Price/Sqft
$513
HOA
$538
Days on market
-
Sold On
-
MLS number
219124157DA
Home ConditionFair
Features
Excellent View: Mountain(s), Panoramic
Pool
Spa
Patio
ViewMountain(s), Panoramic

About this home

Possibly Over-Priced:The estimated price is 35% below the list price. We found 3 Cons,5 Pros. Rank: price - $3.00M(92th), sqft - 5850(96th), beds - 4(64th), baths - 7(97th).

Welcome to 23 Stephen Terrace, an exquisite oasis in the heart of Rancho Mirage, CA. This elegant estate offers the perfect blend of luxury and privacy, set against the backdrop of breathtaking panoramic mountain views. Spanning an impressive 5,850 square feet, this residence is a testament to refined living, nestled on a generous 21,780 square foot lot.Upon entering, you are greeted by a grand foyer with soaring high ceilings, creating an immediate sense of grandeur. The expansive living spaces are impeccably designed for comfort and style, offering amazing walls and niches that serve as a stunning backdrop for showcasing art. The home boasts four spacious bedrooms, each with its own en-suite bathroom, ensuring the utmost in privacy and convenience. The resort-like pool area is a private retreat, designed for both relaxation and entertaining. It includes a fully equipped outdoor kitchen, perfect for alfresco dining and gatherings under the stars. The property also features owned solar panels, enhancing its energy efficiency and sustainability. A charming casita offers additional space for guests or a private office, enhancing the versatility of this remarkable property. With its timeless design and unparalleled location, 23 Stephen Terrace is more than a home; it is a lifestyle. Schedule your private viewing today. Buyer to verify Sq Ft as there was a casita added.

Nearby schools

6/10
Rancho Mirage Elementary School
Public,K-52.8mi
3/10
Nellie N. Coffman Middle School
Public,6-82.2mi
5/10
Rancho Mirage High
Public,9-123.0mi
4/10
Desert Learning Academy
Public,K-126.5mi
Condition Rating
Fair

The property, built in 1998, is exceptionally well-maintained and features high-quality materials throughout, including stainless steel kitchen appliances and spacious en-suite bathrooms. However, the kitchen cabinetry style and particularly the gold/brass-toned bathroom fixtures are indicative of its original build era (late 1990s/early 2000s) and appear aesthetically outdated compared to current luxury standards. While functional and in good condition, these key areas would likely require aesthetic updates to align with modern tastes, placing it within the 'Fair' category rather than 'Good' or 'Excellent' which imply more recent renovations or contemporary styling.
Pros & Cons

Pros

Breathtaking Panoramic Views: The property offers breathtaking panoramic mountain views, a highly desirable feature in Rancho Mirage.
Expansive & Luxurious Living Spaces: With 5,850 square feet, a grand foyer with soaring high ceilings, and impeccably designed spaces, the home exudes luxury and provides ample room for comfort and style.
Resort-Style Outdoor Entertainment: The private, resort-like pool area includes a fully equipped outdoor kitchen, ideal for relaxation and entertaining.
Energy Efficiency & Versatile Guest Space: Owned solar panels enhance energy efficiency, and a charming casita provides additional versatile space for guests or a private office.
Privacy and En-suite Bathrooms: The estate offers a perfect blend of luxury and privacy, with all four spacious bedrooms featuring their own en-suite bathrooms for ultimate convenience.

Cons

Significant Valuation Discrepancy: The current list price of $2.999M is considerably higher than the estimated property value of $1.94M, indicating a potential overpricing or disconnect with market comparables.
Unverified Square Footage/Casita Addition: The listing notes 'Buyer to verify Sq Ft as there was a casita added,' which could imply potential discrepancies or unpermitted additions that may require further investigation or impact appraisal.
Property Age: Built in 1998, the property is older than some comparable luxury homes in the area (e.g., 2005, 2007), which might suggest a need for updates to certain systems or design elements to meet modern luxury standards.

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