5 Mirada Circle, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 5 bed, 7 bath
5 Mirada Circle
Rancho Mirage, California 92270
Property Price
SUMMARY
Analysis of 5 Mirada Circle, Rancho Mirage, California 92270 reveals a Fairly Priced Property with a current list price of $6,288,000 aligned with the estimated $6,122,912 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Rancho Mirage Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5 Mirada Circle Subject | $6,288,000* List Price | 5 | 7 | 6,801 | $900 | - |
A 45 Mirada Circle Active | $4,997,000 List Price | 4 | 7 | 6,600 | $757 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 2003, this property is a high-quality, 'old world designed masterpiece' that has been meticulously maintained. The kitchen features high-end, professional-grade appliances, granite countertops, and custom wood cabinets, while the bathrooms are spacious and luxurious. However, the overall aesthetic, including the kitchen and bathroom styles, light fixtures, and flooring, distinctly reflects the early 2000s. While in excellent functional condition and move-in ready, these elements show signs of being outdated compared to current luxury market expectations, suggesting it would benefit from minor aesthetic updates to modernize the space.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 34848, living area = 6801.
- Exceptional Views
The property boasts commanding panoramic views including down valley, night-lights, and mountains, enhancing its luxury appeal and setting.
- Extensive Luxury Amenities
This residence offers a wealth of high-end features including a dual built-in office, a dedicated theater, an exercise room, and a formal dining room with a wine room.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $1380 is substantial and adds significantly to the ongoing cost of ownership, which may deter some potential buyers.
- Property Age & Potential for Updates
Built in 2003, while described as 'quality built,' the property is not new construction, and some systems or aesthetic elements may require updates to meet current luxury market expectations.
- Lack of Explicit Modern Tech Upgrades
The description does not mention specific smart home technology or advanced energy-efficient systems, which are increasingly sought after in high-end properties of this caliber.
About 5 Mirada Circle
This quality built, old world designed masterpiece is one of the most substantial homes at Mirada! Set on .80-acre lot with commanding down valley, night-light and mountain views, with a luxury resort atmosphere. This 6,800 square foot residence consists of 5 bedrooms, a dual built-in office, a theater & an exercise room. The entry Courtyard features a fountain & a fireplace seating area. The massive iron entry door leads to an impressive foyer and on to a Grand Living Room with high open beam ceilings & massive fireplace. An incredible gourmet cook's kitchen with the best of all appliances, granite countertops & custom cabinets adjoins a spacious family room and breakfast nook. The formal dining room includes a wine room and views out to the courtyard. The Primary Bedroom Suite enjoys mountain views, fireplace and two bathrooms. There's a 2 Bedroom Casita with Sitting Room that opens to the pool area. Incredible outdoor living area and dining area that share a fireplace and overlook the resort style pool & spa. Residents of Mirada Estates enjoy exclusive privileges at the adjacent Ritz-Carlton Rancho Mirage.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 34,848 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 7 (7 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1380.0 / Month
Neighborhood Insights
Rancho Mirage Unified Schools
Rancho Mirage Elementary School
Grades K-5 • 2.7 mi
Nellie N. Coffman Middle School
Grades 6-8 • 2.2 mi
Rancho Mirage High
Grades 9-12 • 4.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 7.0 | 3.0 | 95% |
| Square foot | 6,801 | 2,771 | 97% |
| Lot Size | 34,848 | 10,454 | 93% |
| Price | $6.29M | $1.10M | 99% |
| Price per sq ft | $925 | $433 | 95% |
| Built year | 2003 | 1999 | 62% |
| HOA | $1380.0 | $445 | 80% |
| Days on market | 129 | 156 | 30% |
Pricing History
Listed for Sale
Oct 30, 2025
$6,288,000
Initial Listing
Sold
Aug 27, 2010
$3,500,000
Public Record
Sold
Aug 5, 2003
$3,800,000
Public Record
Sold
Apr 25, 2002
$675,000
Public Record