36990 Ferber Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 2 bath
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Rancho Mirage, California 92270
This Mid-Century Ranch Fixer-Upper represents a strategic Value-Add Asset in the prestigious Tamarisk Heights enclave, currently listed at $800,000. While the $535,102 Fair Market Value reflects its current Major Fixer-Upper Condition, the property’s valuation is anchored by its expansive 12,632 sqft lot and unobstructed Mountain Views. The significant lot-to-living-area ratio provides ample footprint for a luxury pool and an Accessory Dwelling Unit (ADU), offering massive potential for forced appreciation. This "time capsule" is a prime acquisition for Experienced Renovators or Mid-Century Modern Enthusiasts looking to capitalize on the high-demand Rancho Mirage market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 36990 Ferber Drive Subject | $800,000* List Price | 3 | 2 | 1,688 | $317 | - |
A 70451 Cobb Road Sold | $800,000 | 3 | 2 | 2,148 | $372 | 0.2 mi |
B 41 Vista Mirage Active | $757,900 List Price | 3 | 2 | 2,071 | $366 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is in original 1962 condition and is explicitly described as a 'major fixer-upper.' The kitchen and bathrooms feature original cabinetry, dated wallpaper, and obsolete appliances. Interior finishes show significant wear, including stained carpets and rooms with missing flooring, indicating the need for a complete structural and cosmetic rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12632, living area = 1688.
Situated in the prestigious Tamarisk Heights neighborhood of Rancho Mirage, the property is surrounded by high-value, reimagined homes in a sought-after, evolving community.
The expansive 12,632 sqft lot features mature citrus and olive trees, offering ample space for a pool, outdoor living areas, or an Accessory Dwelling Unit (ADU).
The home is in original condition and classified as a major fixer-upper, necessitating a substantial capital investment for modernizing all systems and finishes.
Unlike many neighboring properties in this price bracket, the home currently lacks a swimming pool and updated indoor-outdoor flow, requiring immediate structural and landscape upgrades.
The First time on the market in over 55 years! Lovingly held by the same family all that time, this mid-century ranch-style home is a true time capsule, waiting for its next chapter. Nestled on a spacious lot with mature citrus and olive trees, this property offers a unique blend of history and untapped potential.Though in its original condition and a major fixer-upper, the home serves as a blank canvas to bring your vision to life. Imagine transforming it into a modern retreat--perhaps adding a sleek pool, creating seamless indoor-outdoor living spaces, or preserving its timeless charm while incorporating contemporary touches. With ample room on the lot, there's even the possibility of adding an ADU (Accessory Dwelling Unit), making it perfect for multi-generational living or generating rental income.Located in the sought-after Tamarisk Heights neighborhood where many homes have been beautifully reimagined, this property invites you to be part of a vibrant, evolving community. Whether you're an experienced renovator or someone with a passion for design, this home offers endless opportunities to craft the dream oasis you've always envisioned. Don't miss this chance to write the next chapter of 36990 Ferber Drive's story and create your masterpiece in the heart of Rancho Mirage. Contact me for a private showing!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 20% |
| Square foot | 1,688 | 2,724 | 7% |
| Lot Size | 12,632 | 10,454 | 62% |
| Price | $800.0K | $1.10M | 24% |
| Price per sq ft | $474 | $438 | 62% |
| Built year | 1962 | 2001 | 4% |
| HOA | $0 | $445 | 12% |
| Days on market | 22 | 166 | 1% |
Mar 31, 2026
$800,000
Initial Listing