28 Evening Star Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 4 bed, 6 bath
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Rancho Mirage, California 92270
This Thunderbird Cove residence represents a High-Potential Investment Opportunity, listed at $2,950,000—positioned well below the $3,011,858 Fair Market Value by 2%. This valuation gap offers $61,858 in Instant Equity. Featuring a 4-bedroom, 6-bath layout with a pool, spa, and panoramic mountain views, the property requires modernization given its Condition Rating of 4. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to customize a premier desert estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28 Evening Star Drive Subject | $2,950,000* List Price | 4 | 6 | 6,288 | $479 | - |
A 70461 Placerville Road Sold | $2,295,000 | 3 | 4 | 4,190 | $548 | 0.5 mi |
B 71170 W Thunderbird Terrace Active | $2,195,000 List Price | 4 | 6 | 4,440 | $494 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, the property is nearly 40 years old and shows significant signs of being dated. While the kitchen includes high-end Wolf appliances, the cabinetry and finishes reflect a renovation likely 20+ years old. The interior requires immediate attention as the main living area is missing finished flooring, and the overall aesthetic needs modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30056, living area = 6288.
Positioned high within the exclusive Thunderbird Cove, this property offers commanding valley and mountain views, providing a rare sense of privacy and desert grandeur in one of Rancho Mirage's most desirable settings.
With over 6,200 square feet of living space, including a sunken bar, formal dining, and four en suite bedrooms, the home is perfectly scaled for hosting large-scale gatherings and comfortable multi-generational living.
Built in 1985, the home features era-specific design choices such as the sunken bar and formal compartmentalized rooms that may require significant modernization to appeal to contemporary luxury buyers.
The substantial monthly HOA fee of $1,091.61, combined with the maintenance requirements of a 30,000+ square foot lot and a large pool, represents a significant ongoing financial commitment for the owner.
Welcome to this exceptional Thunderbird Cove residence, positioned high in the Cove in one of Rancho Mirage's most desirable settings. Originally designed by Steve Chase, the home was conceptualized for comfort, entertaining, and desert living. The home offers 4 bedrooms, each with its own en suite bathroom, along with a library/den, a spacious formal living room, formal dining room, and an additional living area complete with a sunken bar. The bright, open kitchen features a Wolf stove, cooling drawers, a built-in refrigerator, generous storage, and an inviting layout ideal for both everyday living and hosting guests. Outdoors, a sparkling pool and spa frame beautiful views of the valley below, creating a private desert retreat. Additional highlights include a three-car garage and a large laundry room. Conveniently located off Highway 111, this home offers easy access to El Paseo in Palm Desert, world-class dining and shopping, and is just a short drive to Palm Springs. A rare opportunity to enjoy elevated desert living in Thunderbird Cove.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 3.5 mi
Grades 9-12 • 5.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 67% |
| Baths | 6.0 | 3.0 | 91% |
| Square foot | 6,288 | 2,746 | 96% |
| Lot Size | 30,056 | 10,019 | 92% |
| Price | $2.95M | $1.20M | 89% |
| Price per sq ft | $469 | $444 | 56% |
| Built year | 1985 | 2000 | 33% |
| HOA | $1091.61 | $470 | 81% |
| Days on market | 22 | 154 | 0% |
May 15, 2026
$2,950,000
Initial Listing