34820 Mission Hills Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 2 bed, 2 bath
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Rancho Mirage, California 92270
This High-Potential Investment Opportunity is a Condominium listed at $398,000—positioned well below the $476,263 Fair Market Value by 16%. This valuation gap offers $78,263 in Instant Equity. Featuring a Condition Rating of 3, the home includes a Rare Attached Two-Car Garage, Travertine Floors, and a Granite Kitchen. With an Extended Land Lease to 2121, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term security in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 34820 Mission Hills Drive Subject | $398,000* List Price | 2 | 2 | 2,000 | $238 | - |
A 34955 Mission Hills Drive Sold | $400,000 | 2 | 2 | 1,806 | $221 | 0.1 mi |
B 535 Desert West Drive Sold | $406,000 | 2 | 2 | 1,984 | $205 | 0.3 mi |
C 714 Inverness Drive Sold | $500,000 | 3 | 3 | 2,227 | $225 | 0.3 mi |
D 34740 Mission Hills Drive Active | $399,000 List Price | 3 | 2 | 1,700 | $235 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1971, the property has undergone significant renovations including travertine and wood-look flooring, updated stainless steel appliances (KitchenAid/Frigidaire), and granite countertops. The home is well-maintained and move-in ready, with the style of cabinetry and finishes suggesting a renovation age within the 5-15 year range.
The land lease has been extended to 2121, providing long-term security and significantly better financing options compared to properties with shorter lease terms in the Coachella Valley.
Unlike many condominiums in the area that offer carports or detached parking, this unit features a rare attached two-car garage with built-in storage, adding substantial convenience and value.
Boasting 2,000 square feet of living space, the home includes premium travertine flooring, a dedicated office space, and a wet bar, making it ideal for both remote work and entertaining.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4000, other record lot size in square feet = 2359.
The association fee of $1,150 per month is quite high, which may deter budget-conscious buyers and impacts the overall monthly carrying cost of the property.
Despite the premium location within Mission Hills Country Club, access to fitness and club facilities requires an additional membership fee, as they are not included in the HOA or purchase price.
Extended Land Lease to 2121. Discover this private and inviting condo, perfectly designed for comfort and convenience. A rare attached two-car garage with built-in storage sets this property apart. Inside, travertine floors flow seamlessly throughout, complementing the spacious great room with a wet bar--ideal for entertaining. The kitchen features a cozy sitting area, while a dedicated office space provides functionality for today's lifestyle. Enjoy the best of outdoor living with both a front courtyard and a back patio, perfect for relaxing. The home is ideally located near the community pool, spa, and expansive green space. HOA benefits include a Spectrum package with Wi-Fi and Cable TV, ensuring convenience and value. Club and Fitness Memberships are not included but available through Mission Hills Country Club.
No exterior & parking available.
Grades K-5 • 2.3 mi
Grades K-5 • 3.8 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 48% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,000 | 1,784 | 68% |
| Lot Size | 4,000 | 2,178 | 71% |
| Price | $398.0K | $567.5K | 19% |
| Price per sq ft | $199 | $323 | 4% |
| Built year | 1971 | 1979 | 5% |
| HOA | $1150.0 | $834 | 86% |
| Days on market | 39 | 158 | 2% |
May 7, 2026
$398,000
Initial Listing