42694 E Veldt Street, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 4 bed, 3 bath
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Rancho Mirage, California 92270
This Designer Desert Sanctuary in Magnesia Falls Cove is listed at $1,425,000, representing a stable and fair valuation for a premium asset aligned with its $1,392,076 Fair Market Value. Boasting an Excellent Condition Rating, this 1956 residence features an extensive renovation with a modern open-concept kitchen, designer furnishings, and a primary suite with an outdoor soaking tub. The 13,068 sqft lot includes an updated resort-style pool and panoramic mountain views with No HOA fees, served by the Palm Springs Unified district. This turnkey retreat is an ideal match for Lifestyle Seekers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42694 E Veldt Street Subject | $1,425,000* List Price | 4 | 3 | 2,580 | $540 | - |
A 71529 Tangier Road Sold | $1,065,000 | 3 | 3 | 2,125 | $501 | 0.2 mi |
B 71546 Biskra Road Sold | $1,225,000 | 4 | 3 | 2,088 | $587 | 0.2 mi |
C 42813 Ocotillo Drive Sold | $1,070,000 | 3 | 3 | 1,586 | $675 | 0.0 mi |
D 71528 Estellita Drive Active Under Contract | $1,224,900 List Price | 4 | 2 | 2,000 | $612 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1956, this property has undergone an extensive recent renovation and is presented in turnkey, designer condition. The interior features a modern open-concept kitchen with updated cabinetry and appliances, contemporary light fixtures, and high-quality stone flooring throughout. The bathrooms are fully modernized, specifically the primary suite which includes a large walk-in shower and a unique outdoor soaking tub. Additionally, the outdoor resort-style pool and spa have been recently updated with premium pebble finishes and modern Pentair equipment, leaving no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13068, living area = 2580.
The property is offered fully furnished, including high-end art and accessories, providing an immediate move-in-ready experience or a seamless transition for use as a luxury rental.
The backyard features an updated pebble-finish pool and spa with Pentair equipment, a tanning shelf, and stunning mountain views, complemented by a unique outdoor tub and shower in the primary suite.
Built in 1956, the property may have underlying structural or utility limitations typical of mid-century homes that might not be fully addressed by cosmetic updates.
The assigned middle and high schools have lower-than-average ratings (3 and 5 respectively), which could be a consideration for families prioritizing top-tier educational districts.
PRICED to SELL. Magnesia Falls Cove is a hidden gem in the heart of Rancho Mirage. No HOA hassles! This designer desert home has been a great family retreat and occasional rental. FULLY FURNISHED and ready for the season, furniture, amazing art and accessories included in the price! 4 bedrooms and 3 baths in 2,580 square feet on an oversized lot. 2 car garage. Great open kitchen for cooking and entertaining, LARGE living room, dining room and den/media room. Quiet and private PRIMARY SUITE with giant shower and massive closet, outdoor tub & shower as a fun bonus area. AND 3 additional bedrooms! UPDATED resort pool with Pentair equipment package, pebble finish, tanning shelf, umbrellas, raised spa with waterfall. NO work to be done, just arrive, take in the mountain views and RELAX!2 minutes to ''The River'' shopping and dining, 10 minutes to premier shopping and dining on EL Paseo Drive. Surrounded by hiking, golf and tennis opportunities. NOTE: INSTANT gratification found HERE and a quick, clean escrow is available.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 4.5 mi
Grades 9-12 • 5.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 68% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,580 | 2,726 | 44% |
| Lot Size | 13,068 | 10,454 | 65% |
| Price | $1.43M | $1.11M | 63% |
| Price per sq ft | $552 | $438 | 77% |
| Built year | 1956 | 2001 | 2% |
| HOA | $0 | $445 | 12% |
| Days on market | 12 | 163 | 1% |
Apr 10, 2026
$1,425,000
Initial Listing
Jun 24, 2020
$750,000
Public Record
Feb 29, 1996
$108,000
Public Record