37223 Palmdale Road, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 3 bath
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Rancho Mirage, California 92270
This Turnkey Contemporary Residence is a Strong Value Opportunity, listed at $1,369,000—positioned well below the $1,386,303 Fair Market Value by 1%. This valuation gap offers $17,303 in Instant Equity. Featuring an Excellent Condition Rating with a chef's kitchen, 48-panel solar system, and private pool/spa, the home offers a sophisticated desert lifestyle. With no HOA and fee-simple land, this property balances financial stability with luxury. It is an ideal acquisition for Owner-Occupants seeking a refined sanctuary or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 37223 Palmdale Road Subject | $1,328,000* List Price | 3 | 3 | 3,052 | $442 | - |
A 1421 Tamarisk W Street Sold | $1,080,000 | 3 | 3 | 3,100 | $348 | 0.2 mi |
B 54 San Fernando Sold | $995,000 | 3 | 3 | 2,598 | $383 | 0.9 mi |
C 34 Lincoln Place Sold | $1,435,000 | 3 | 3 | 2,628 | $546 | 0.5 mi |
D 36736 Jasmine Lane Sold | $1,550,000 | 4 | 5 | 3,020 | $513 | 0.8 mi |
E 19 Lincoln Place Sold | $1,015,000 | 3 | 3 | 2,419 | $420 | 0.4 mi |
F 70590 Camellia Court Sold | $1,190,000 | 3 | 3 | 3,020 | $394 | 0.4 mi |
G 2 Silver Circle Pending | $1,499,000 List Price | 3 | 3 | 2,764 | $542 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1978, the property has undergone an extensive recent renovation (likely within the last 5 years) featuring a high-end chef's kitchen with quartz countertops and professional-grade appliances, fully modernized spa-like bathrooms, new porcelain tile flooring, and significant system upgrades including new double-pane windows and a 48-panel solar system.
Priced at $449 per square foot compared to the neighborhood average of $576, this property offers significant value and immediate equity potential following a substantial $209,000 price reduction.
The residence features extensive high-end renovations including porcelain tile flooring and quartz countertops, paired with a robust 48-panel solar system for maximum energy efficiency.
Situated on a secluded corner lot in a wind-protected enclave, the home offers mountain views, no HOA fees, and the advantage of fee-simple land ownership in a prestigious Rancho Mirage neighborhood.
Built in 1978, the property may have underlying structural or systemic elements that reflect its original era, despite the comprehensive cosmetic and surface-level modernizations.
The property's exterior is described as understated, which creates a sharp contrast with the dramatic interior and may require further facade enhancements to meet the expectations of luxury buyers.
RARELY DOES A PROPERTY OF THIS CALIBER BECOME AVAILABLE AT THIS COMPELLING PRICE > (1) Larger square footage than others in the neighborhood. (2) Extensively updated with appealing ambiance & style. (3) Price has been lowered by $209k, (4) 10 available comparative properties average $576 per square foot, this gem is ONLY $435! Situated on a secluded corner lot in the wind-protected enclave of 'Tamarisk Heights,' this lovely home offers privacy, mountain views, no HOA, and positioned on fee-simple (owned) land! The immediate neighborhood is known for its diverse community, well-maintained mid-century & custom homes featuring private pools, mature landscapes, and mountain views. It's also conveniently located near Rancho Mirage's renowned 'Restaurant Row,' where you can enjoy easy access to top-notch dining and entertainment. The classic contemporary residence reveals a dramatic, large-scale living area with soaring ceilings, natural gas fireplace, and striking block-stone chimney - an impressive contrast to its understated exterior. Originally custom-built, the home reflects quality design and construction throughout. Recent upgrades include luxurious porcelain tile flooring throughout, new double-pane windows and sliders, and beautifully updated kitchen and bathrooms. Numerous social areas accommodate large gatherings as well as intimate settings for moments of solitude. The semi-open layout is ideal for entertaining, offering expansive living and dining spaces filled with natural light and warmth. The stylish family/TV room with a sleek cocktail/wine bar sets the stage for relaxed evenings and memorable gatherings. The chef's kitchen shines with white quartz surfaces and top-tier appliances, perfect for both everyday living and culinary creativity. Seamless indoor-outdoor flow leads to a generously covered loggia - ideal for al fresco dining, movie nights, or simply enjoying the peaceful desert ambiance. The private backyard features a sparkling pool, raised spa, and fire pit, ideal for starlit evenings. Don't miss the versatile 'Hobby Hut' which offers space for yoga, art, or personal pursuits. The primary bedroom suite provides a serene escape with direct patio access and a spa-inspired bathroom. Two additional bedrooms and an updated guest bath and powder room offer comfort and flexibility. Sustainability meets style with energy-efficient windows, synthetic turf, and a robust 48-panel solar system. OPPORTUNITIES LIKE THIS DON'T COME ALONG OFTEN!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,052 | 2,915 |
| Lot Size | 11,761 | 9,801 |
| Price | $1.33M | $1.22M |
| Price per sq ft | $435 | $440 |
| Built year | 1978 | 2002 |
| HOA | $0 | $530 |
| Days on market | 48 | 70 |
Jul 9, 2026
$1,328,000
$1,369,000
-3% Price Drop
Initial Listing
Jun 4, 2026
$1,369,000
Initial Listing
Jul 25, 2017
$479,000
Public Record