32 Colgate Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 4 bed, 4 bath
32 Colgate Drive
Rancho Mirage, California 92270
Property Price
SUMMARY
Analysis of 32 Colgate Drive, Rancho Mirage, California 92270 reveals a Prime Investment Opportunity with a current list price of $875,000—significantly undercutting the $907,229 Fair Market Value by 3%. This valuation gap indicates a +$32,229 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 |
|---|---|---|---|---|---|---|
★ 32 Colgate Drive Subject | $875,000* List Price | 4 | 4 | 3,079 | $295 | - |
A 61 Cornell Sold | $835,000 | 4 | 4 | 2,951 | $283 | 0.3 mi |
B 6 Oxford Court Sold | $800,000 | 3 | 3 | 2,950 | $271 | 0.9 mi |
C 6 Amherst Court Sold | $878,000 | 3 | 3 | 2,950 | $298 | 0.8 mi |
D 19 Colgate Drive Sold | $700,000 | 3 | 3 | 3,160 | $222 | 0.1 mi |
E 32 Cornell Drive Sold | $830,000 | 4 | 4 | 2,969 | $280 | 0.4 mi |
F 155 Kavenish Drive Sold | $825,000 | 2 | 3 | 2,603 | $317 | 0.8 mi |
G 43 Cornell Drive Active | $995,000 List Price | 3 | 3 | 2,940 | $338 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1978, the property has undergone extensive high-end renovations within the last 5 years, meeting the criteria for excellent condition. Key updates include a new roof (2022), updated HVAC and ducting (2021), and new waterproof wood-look flooring (2023). The kitchen is fully modernized with premium appliances including a Sub-Zero fridge (2020), Thermador cooking suite, and a Bosch dishwasher (2024). Additional luxury features like Fleetwood dual-pane windows and a massive 14.07kW owned solar system further justify this rating.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Energy Efficiency
The property features a massive 14.07kW owned solar system with 42 panels that offsets over 100% of electricity usage, paired with high-end Fleetwood dual-pane windows and a recently updated HVAC system.
- High-End Luxury Renovations
This move-in-ready home boasts premium upgrades including a Sub-Zero refrigerator, Thermador cooking appliances, a 2024 Bosch dishwasher, and new waterproof wood-look flooring installed in late 2023.
- Comprehensive HOA Amenities
The Springs Country Club provides a maintenance-free lifestyle with dues covering a 24/7 guard gate, roof replacement, earthquake insurance, landscaping, and access to tennis, pickleball, and fitness facilities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5400, other record lot size in square feet = 5227.
- High Monthly Carrying Costs
The monthly HOA fee of $1,826 is significant and may be a deterrent for buyers looking to minimize fixed monthly overhead expenses.
- Vintage Structural Era
Despite extensive modern updates, the 1978 construction may still present architectural limitations or aging infrastructure common to homes of this vintage compared to newer builds.
About 32 Colgate Drive
HUGE $75K PRICE REDUCTION! The best value around - not a fixer, this home is updated and move in ready. This is the Pebble Beach model in The Springs Country Club. Energy efficient upgrades include OWNED solar (a GIANT system of 42 panels; 14.07kW - offsets more than 100% of the current usage, including electric car charging), Fleetwood aluminum dual pane sliders & windows plus the HVAC ducting and air returns were replaced (2021) with one HVAC system completely replaced (2021) - even on hot days, the system keeps the house cool and comfortable. More updates and luxury finishes include waterproof wood-look flooring through most of the home (Oct 2023) - no carpet! Also includes a Sub-Zero built-in fridge (2020), Thermador cooking appliances including a six-burner gas cooktop, warming drawer, soft close cabinet doors plus a walk-in pantry. A new Bosch dishwasher was installed in 2024. Real wood shutters in the bedrooms and WiFi power roller shades in the living areas (2020). A new roof was installed by HOA in 2022. If you value privacy and quiet - this is the home for you. This peaceful corner lot has mountain views with a bright south and west orientation plus a generous Aluma-wood covered patio. Every window looks into your own private and updated yard. This is a fully walled yard - there is room for a private pool, if desired. You will love The Springs country club - HOA dues include a 24/7 guard gate, premium cable TV & internet, your roof (excluding skylights), house paint every 6 years, roaming security and your home alarm. Stay active with included tennis, pickleball, bocce ball and a staffed gym. Great food is offered at 2 restaurants, plus your front yard landscaping is included and annual seasonal flowers planted out front. HOA dues also cover property insurance including earthquake insurance. Optional golf is available with a newly remodeled golf course - come see why The Springs is so popular!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1978
- Lot Size
- 5,400 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 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 • 1.5 mi
Nellie N. Coffman Middle School
Grades 6-8 • 3.4 mi
Rancho Mirage High
Grades 9-12 • 4.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 4.0 | 3.0 | 53% |
| Square foot | 3,079 | 2,771 | 62% |
| Lot Size | 5,400 | 10,454 | 8% |
| Price | $875.0K | $1.10M | 29% |
| Price per sq ft | $284 | $431 | 9% |
| Built year | 1978 | 1999 | 16% |
| HOA | $1826.0 | $445 | 90% |
| Days on market | 25 | 155 | 1% |
Pricing History
Listed for Sale
Feb 28, 2026
$875,000
$899,900
-3% Price Drop
Initial Listing
Price Change
Feb 15, 2026
$899,900
$950,000
-5% Price Drop
Initial Listing
Price Change
Feb 10, 2026
$950,000
Initial Listing
Sold
Mar 13, 2019
$510,000
Public Record
Sold
Jun 19, 2013
$567,000
Public Record
Sold
May 13, 2004
$405,000
Public Record
Sold
Apr 10, 1995
$255,000
Public Record