23 Stephen Terrace, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 5 bed, 6 bath
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Rancho Mirage, California 92270
This Elegant Luxury Estate is listed at $2,750,000, representing a stable and fair acquisition at its $2,750,000 Fair Market Value. Following significant price corrections, the property maintains a Good Condition Rating, featuring high-value infrastructure including a New Roof with Owned Solar. The expansive 5,822 SqFt residence is defined by Breathtaking Panoramic Mountain Views and a Resort-Style Pool area equipped with an outdoor kitchen and fireplace. With a Private Poolside Casita and proximity to Rancho Mirage Elementary, this estate is perfectly suited for Luxury Home Seekers or Owner-Occupants prioritizing privacy and lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23 Stephen Terrace Subject | $2,750,000* List Price | 5 | 6 | 5,822 | $472 | - |
A 27 Ambassador Circle Sold | $2,400,000 | 5 | 6 | 5,321 | $451 | 0.2 mi |
B 41 Ambassador Circle Sold | $2,240,000 | 5 | 6 | 4,822 | $465 | 0.2 mi |
C 12168 Turnberry Drive Sold | $2,300,000 | 3 | 4 | 4,648 | $495 | 0.8 mi |
D 23 Ambassador Circle Sold | $2,200,000 | 4 | 5 | 4,343 | $507 | 0.3 mi |
E 41 Cassis Sold | $2,150,000 | 4 | 5 | 4,358 | $493 | 0.9 mi |
F 28 Summer Sky Circle Sold | $2,150,000 | 3 | 4 | 4,835 | $445 | 0.8 mi |
G 14 Stephen Terrace Active | $2,999,000 List Price | 4 | 5 | 5,620 | $534 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This property, built in 1998, is in good overall condition, reflecting excellent maintenance and significant recent system upgrades. While the kitchen and some bathroom styles, with their curved cabinetry, granite countertops, and specific tile choices, are somewhat dated to the late 90s/early 2000s, they are fully functional and well-maintained. The presence of an owned solar system on a new roof is a substantial modern upgrade, enhancing energy efficiency. The flooring (tile and carpet) and other interior components appear to be in good, clean condition. The property is move-in ready, with any desired updates being primarily cosmetic rather than immediately necessary for functionality or safety.
The property boasts breathtaking panoramic south mountain views, offering a stunning backdrop and enhancing the luxury living experience.
Features a private, resort-like pool area with a fully equipped outdoor kitchen and an adjacent living room with a fireplace, perfect for relaxation and entertaining.
Equipped with an owned solar system on a new roof, significantly enhancing energy efficiency and sustainability, providing long-term cost savings.
The property has undergone multiple price reductions from its original list price of $3.397M to $2.999M, which may suggest an initial overpricing or a longer time on market.
An association fee of $583.0 is listed, representing an additional ongoing cost for the homeowner, which could impact affordability or perceived value.
Built in 1998, while well-maintained, the interior finishes may not align with current luxury design trends, potentially requiring updates to meet modern buyer expectations.
23 stephen Terrace is an elegant estate that offers the perfect blend of luxury and privacy, set against the backdrop of breathtaking panoramic south mountain views. This residence is a testament to refined living, nestled on a generous 21,780 square foot lot. The resort like pool area is a private retreat, designed for both relaxation and entertaining. It includes a fully equipped outdoor kitchen and adjacent living room with fireplace, making this perfect place for alfresco dining and gatherings under the stars. The property also features an owned solar system located on its new roof, enhancing its energy efficiency and sustainability. The private poolside casita offers additional space for guests or a private office, enhancing the versatility of this remarkable property. Just reduced to $2,750,000
No exterior & parking available.
Grades K-5 • 2.8 mi
Grades 6-8 • 2.2 mi
Grades 9-12 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 91% |
| Baths | 6.0 | 3.0 | 91% |
| Square foot | 5,822 | 2,726 | 96% |
| Lot Size | 21,780 | 10,454 | 89% |
| Price | $2.75M | $1.11M | 88% |
| Price per sq ft | $472 | $438 | 63% |
| Built year | 1998 | 2001 | 44% |
| HOA | $583.0 | $445 | 67% |
| Days on market | 182 | 167 | 62% |
Mar 2, 2026
$2,750,000
$2,999,000
-8% Price Drop
Initial Listing
Jan 27, 2026
$2,999,000
$3,199,000
-6% Price Drop
Initial Listing
Jan 9, 2026
$3,199,000
$3,397,000
-6% Price Drop
Initial Listing
Oct 23, 2025
$3,397,000
Initial Listing