28 Princeton Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 3 bath
28 Princeton Drive
Rancho Mirage, California 92270
Property Price
SUMMARY
Analysis of 28 Princeton Drive, Rancho Mirage, California 92270 reveals a Prime Investment Opportunity with a current list price of $799,000—significantly undercutting the $852,301 Fair Market Value by 6%. This valuation gap indicates a +$53,301 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Rancho Mirage Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28 Princeton Drive Subject | $799,000* List Price | 3 | 3 | 3,088 | $276 | - |
A 6 Amherst Court Sold | $878,000 | 3 | 3 | 2,950 | $298 | 0.4 mi |
B 6 Oxford Court Sold | $800,000 | 3 | 3 | 2,950 | $271 | 0.5 mi |
C 61 Cornell Sold | $835,000 | 4 | 4 | 2,951 | $283 | 0.9 mi |
D 32 Cornell Drive Sold | $830,000 | 4 | 4 | 2,969 | $280 | 0.8 mi |
E 26 Princeton Drive Active | $849,000 List Price | 3 | 3 | 3,088 | $275 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone a comprehensive modern desert-contemporary renovation, featuring high-end custom walnut cabinetry, granite countertops, and premium Viking appliances. The bathrooms have been fully updated with enlarged showers and contemporary finishes. Although the kitchen range is currently missing, the overall quality of the materials, the recent full-scale renovation of the 1980 structure, and the move-in-ready condition of the major systems and interior surfaces meet the criteria for the highest condition rating.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Desert-Contemporary Renovation
The property has been fully updated with high-end finishes, including custom walnut cabinetry, granite countertops, and renovated bathrooms with enlarged showers, offering a move-in-ready aesthetic.
- Spacious Dual-Primary Layout
The 3,088 sq ft Cypress Point plan features two generous primary suites with walk-in closets, providing excellent privacy and utility for multi-generational living or high-end guest hosting.
- Elite Community Amenities
Located in the prestigious Springs C.C., the property includes social membership to a clubhouse, fitness center, and extensive sports courts including tennis, pickleball, and bocce.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee is $1,826 per month, which represents a significant recurring expense that may impact the overall affordability for some buyers.
- Incomplete Kitchen Equipment
While marketed as a chef's kitchen, the Viking range has been removed, necessitating an immediate additional investment from the buyer to restore full functionality to the space.
About 28 Princeton Drive
Updated 3,088 sq ft Cypress Point plan at The Springs CC, fully renovated in modern desert-contemporary style. Features a chef's kitchen with Viking appliances (range has been removed), granite counters, and custom walnut cabinetry. Great room with mountain views opens to a private, pool-sized yard. Two spacious primary suites with walk-in closets plus a third bedroom. Updated baths with granite and enlarged showers. Community amenities include social membership to the clubhouse, fitness center, tennis, pickleball, and bocce. Access to the 18-hole golf club has additional fees. The Springs CC is in a prime Rancho Mirage location near Eisenhower Hospital, great shopping, fine dining, and the arts. The Springs, it's where you belong.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 5,663 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1826.0 / Month
Neighborhood Insights
Rancho Mirage Unified Schools
Rancho Mirage Elementary School
Grades K-5 • 1.9 mi
Nellie N. Coffman Middle School
Grades 6-8 • 2.3 mi
Rancho Mirage High
Grades 9-12 • 3.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,088 | 2,771 | 62% |
| Lot Size | 5,663 | 10,454 | 10% |
| Price | $799.0K | $1.10M | 19% |
| Price per sq ft | $259 | $431 | 5% |
| Built year | 1980 | 1999 | 26% |
| HOA | $1826.0 | $445 | 90% |
| Days on market | 10 | 155 | 0% |
Pricing History
Listed for Sale
Feb 25, 2026
$799,000
Initial Listing
Sold
Apr 21, 2016
$500,000
Public Record
Sold
Jan 24, 2014
$340,000
Public Record
Sold
Jun 1, 1995
$283,000
Public Record