
Rancho Mirage, California 92270
This Iconic Desert Modernist Condo is a Prime Investment Opportunity, listed at $365,000—positioned well below the $378,012 Fair Market Value by 3%. This valuation gap provides $13,012 in Instant Equity. Boasting an Excellent Condition Rating, this Barry Berkus-designed unit features terrazzo tile floors, a 2023 HVAC system, and remodeled bathrooms. With Mills Act eligibility and the community's largest private patio offering mountain views, it balances historical prestige with modern luxury. This is a premier acquisition for architecture enthusiasts or seasonal residents seeking a turnkey sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42356 Dunes View Road 8 Subject | $365,000* List Price | 1 | 2 | 915 | $413 | - |
A 56 Majorca Drive Sold | $335,000 | 1 | 2 | 854 | $392 | 0.6 mi |
B 58 Sunrise Drive Sold | $395,000 | 1 | 2 | 882 | $448 | 0.7 mi |
C 42379 Rancho Las Palmas Drive 29 Active | $379,000 List Price | 1 | 2 | 915 | $414 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1965, the property underwent significant recent renovations including a brand-new HVAC system in 2023 and recently remodeled bathrooms with high-end finishes. The interior features mint-condition terrazzo floors and was a featured showpiece in 2020, meeting the criteria for a high-quality renovation under 5 years old.
Designed by Barry Berkus and Mills Act eligible, this historically significant 'Hollywood Regency' unit offers unique desert modernism charm and potential property tax benefits.
The property features high-end terrazzo tile flooring, two recently remodeled bathrooms, and a brand-new HVAC system installed in 2023, ensuring move-in ready comfort.
Located in the desirable Magnesia Falls Cove, this unit boasts two private patios, including the largest outdoor space within the entire community.
The original second bedroom has been converted into an open den with the pocket doors removed, which may limit privacy or utility for those requiring a formal second bedroom.
While the elementary school is close by, the assigned middle and high schools are located over four miles away and carry lower performance ratings.
A rare opportunity to own a piece of iconic desert modernism in the heart of Rancho Mirage! This Barry Berkus designed historical designation and Mill's Act eligible condo was featured on the 2020 Modernism Week Tour as the "Hollywood Regency" unit for it's warm glamour and is currently home to a celebrated desert artist. Set in the coveted Magnesia Falls Cove neighborhood, mountainside off the 111, this 915 sq ft, 1 bedroom/ 2 bathroom plus den offers 2 private patios with one being the largest in the community. The den is shown as a second bedroom in most units but here is shown as a den/office as the pocket doors have been removed. Both bathrooms are recently remodeled (one features a jetted tub, the other a large walk in shower), terrazzo tile floors are throughout the entire condo, and HVAC newly installed in 2023 make this a jewel unit and location within the community. Seller is very motivated and already in escrow for her next home. Easy to show so come take a look!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 4.3 mi
Grades 9-12 • 5.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 7% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 915 | 1,763 | 5% |
| Lot Size | - | 2,178 | 24% |
| Price | $365.0K | $570.0K | 15% |
| Price per sq ft | $399 | $324 | 86% |
| Built year | 1965 | 1979 | 1% |
| HOA | $461.0 | $830 | 5% |
| Days on market | 53 | 152 | 3% |
Apr 15, 2026
$365,000
Initial Listing
May 4, 2007
$214,000
Public Record
Mar 26, 1998
$60,000
Public Record