36 Colonial Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 2 bed, 2 bath
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Rancho Mirage, California 92270
This Mission Hills East condo represents a High-Potential Investment Opportunity, listed at a List Price of $573,000—positioned well above the $506,705 Fair Market Value by 13%. While the property requires a full interior rehab due to its Condition Rating of 5 and original 1989 finishes, it offers significant upside through its unobstructed triple fairway and mountain views and leased solar panels. This asset is ideal for Value-Add Investors or Owner-Occupants looking to modernize a prime, fee-simple desert property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 36 Colonial Drive Subject | $573,000* List Price | 2 | 2 | 1,620 | $313 | - |
A 31 Pebble Beach Drive Sold | $585,000 | 3 | 2 | 1,806 | $324 | 0.4 mi |
B 36 Colonial Drive Active | $610,000 List Price | 2 | 2 | 1,620 | $377 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is 35 years old (built 1989) and explicitly features 'original finishes.' While the home appears clean and functional, the kitchen and bathrooms are significantly dated with 1980s-era white square tile, wallpaper, and gold-trimmed shower enclosures. Per the criteria for properties over 30 years old with original finishes, it requires a full interior rehab to modernize.
The property boasts unobstructed triple fairway and San Jacinto Mountain views from the 18th fairway, offering premium desert scenery and sunset vistas through oversized frameless windows.
Equipped with 26 leased solar panels, this home provides significant energy savings, which is a major advantage for managing utility costs in the Rancho Mirage climate.
The property is located on fee land, meaning you own the land rather than leasing it, which provides better long-term value and easier financing compared to many desert properties.
The home features original 1989 finishes, suggesting that a significant budget for renovations and modern upgrades will be necessary to realize its full potential.
The $900 monthly HOA fee is relatively high, which may deter budget-conscious buyers despite the inclusion of cable, internet, and exterior maintenance.
Mission Hills East Condo with unobstructed Triple Fairway & San Jacinto Mountain Views! This 2 bedroom, den, dining area Situated on the 18th Fairway of The Westin Rancho Mirage Golf Resort and Spa . This home features original finishes with great potential to update and make your own. Light filled Great Room opens directly onto the rear patio perfect for entertaining and enjoying the year-round sunsets. An excellent opportunity for a full-time home, seasonal retreat, or investment property. The kitchen features breakfast bar and a forever view through the oversized frameless windows. Energy-efficient features include 26 leased solar panels through Sunrun. Own your own land with this low-maintenance, guard-gated home featuring HOA covered roof maintenance, exterior painting, landscaping front and rear, cable, internet, trash, and 4 community pools/spas. Enjoy resort living with optional memberships at Mission Hills Country Club featuring championship golf, tennis, and fitness or The Westin Rancho Mirage Golf Resort & Spa. Perfectly located near Aqua Caliente Resort Casino Spa Rancho Mirage, Palm Springs Airport, Eisenhower Health, and El Paseo shopping/dining,Furnishings are available outside of escrow no monetary value
No exterior & parking available.
Grades K-5 • 3.8 mi
Grades 6-8 • 2.0 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,620 | 1,830.5 |
| Lot Size | 4,792 | 3,049 |
| Price | $573.0K | $560.4K |
| Price per sq ft | $354 | $322 |
| Built year | 1989 | 1977 |
| HOA | $900.0 | $860 |
| Days on market | 24 | 73 |
Jun 28, 2026
$573,000
Initial Listing
Mar 22, 1996
$197,000
Public Record