31 Sherwood Road, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 5 bed, 4 bath
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Rancho Mirage, California 92270
This property presents a High-Potential Investment Opportunity with a List Price of $1,150,000—positioned well below the $1,176,490 Fair Market Value by 2%. This valuation gap offers $26,490 in Instant Equity. Featuring a Fair Condition Rating, the home requires cosmetic modernization to reach its full potential. With a spacious corner lot, detached casita, and mountain views, this is a versatile asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build value through strategic interior updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31 Sherwood Road Subject | $999,900* List Price | 5 | 4 | 3,432 | $305 | - |
A 50 Toscana Way E Sold | $1,260,000 | 3 | 4 | 3,545 | $355 | 0.5 mi |
B 158 Loch Lomond Road Sold | $1,200,000 | 3 | 4 | 3,216 | $373 | 0.9 mi |
C 65 San Marino Circle Sold | $730,000 | 5 | 4 | 2,899 | $252 | 0.7 mi |
D 6 Dickens Court Sold | $970,000 | 4 | 4 | 2,893 | $335 | 0.4 mi |
E 9 San Marino Circle Sold | $740,000 | 3 | 2 | 2,308 | $321 | 0.9 mi |
F 2 Othello Court Active Under Contract | $989,000 List Price | 4 | 4 | 3,430 | $288 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2000, this 24-year-old property falls into the 'Fair' category as it exceeds the 20-year mark without a full-scale renovation. While the living area shows updated wood flooring, the bathrooms and wet bar retain original 2000s-era cabinetry and white tile countertops which are now dated. The listing description's emphasis on 'potential' and 'creating your ideal retreat' further indicates that the home requires cosmetic updates and likely has original systems nearing the end of their typical lifespan.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13939, living area = 3432.
The property is situated on an expansive corner lot with highly desirable southern exposure, offering beautiful mountain and pool views within a prestigious gated community.
The desirable Duchess floor plan includes a detached casita with a private bath, a dedicated library/office, and generous living spaces featuring a large wet bar, ideal for multi-generational living or entertaining.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3432, other record living area = 3068. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 2000 and marketed as having 'endless potential' to create an ideal retreat, the property may require additional investment to modernize the interior finishes and fixtures.
The local public schools servicing the property carry average to below-average ratings (ranging from 3 to 5 out of 10), which may be a consideration for families with school-aged children.
Rare opportunity to own one of Victoria Falls' highly desirable Duchess single-story floor plans in the heart of Rancho Mirage. Situated on a spacious corner lot with southern exposure and beautiful mountain views, this expansive 5-bedroom residence offers exceptional space, privacy, and endless potential.Designed for comfortable living and entertaining, the home features a detached casita with private bath, a library/office, generous living spaces, and a large wet bar. The lush and private backyard provides the perfect setting to relax, entertain, or create your own desert oasis.Victoria Falls is one of Rancho Mirage's most sought-after gated communities, known for its oversized homesites, scenic surroundings, and central location. This home offers an outstanding floor plan, abundant living space, and an exceptional opportunity to create your ideal desert retreat.Ideally positioned near shopping, dining, golf, entertainment, and the exciting new Cotino development, this home combines size, location, and potential in one exceptional offering.
No exterior & parking available.
Grades K-5 • 3.6 mi
Grades 6-8 • 2.1 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,432 | 2,915 |
| Lot Size | 13,939 | 9,801 |
| Price | $999.9K | $1.22M |
| Price per sq ft | $291 | $440 |
| Built year | 2000 | 2002 |
| HOA | $410.0 | $530 |
| Days on market | 35 | 70 |
Jul 9, 2026
$999,900
$1,150,000
-13% Price Drop
Initial Listing
Jun 17, 2026
$1,150,000
Initial Listing
Oct 26, 2010
$550,000
Public Record
Dec 7, 2000
$466,500
Public Record