55 Colonial Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 2 bath
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Rancho Mirage, California 92270
This Upgraded Golf Course Residence is a Strong Value Opportunity, listed at $575,000—positioned well below the $620,707 Fair Market Value by 7%. This valuation gap provides $45,707 in Instant Equity for the buyer. Boasting a Good Condition Rating, the home features Hardwood Flooring, Granite Countertops, and a brand-new HVAC system. Located on Fee Land in Mission Hills East, it offers unobstructed views of the Pete Dye Resort Course. This turnkey property is an ideal acquisition for Owner-Occupants seeking a desert sanctuary or Seasonal Residents looking for a high-value lifestyle asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 55 Colonial Drive Subject | $575,000* List Price | 3 | 2 | 1,806 | $344 | - |
A 51 Pebble Beach Drive Sold | $615,000 | 3 | 2 | 1,806 | $341 | 0.3 mi |
B 105 Augusta Drive Sold | $525,000 | 3 | 2 | 1,620 | $324 | 0.6 mi |
C 31 Pebble Beach Drive Sold | $585,000 | 3 | 2 | 1,806 | $324 | 0.4 mi |
D 48 Oak Tree Drive Sold | $734,000 | 3 | 2 | 1,806 | $406 | 0.4 mi |
E 51 Oak Tree Drive Sold | $710,000 | 3 | 2 | 1,806 | $393 | 0.4 mi |
F 28 La Costa Drive Sold | $565,000 | 3 | 2 | 1,620 | $349 | 0.3 mi |
G 42 La Costa Active | $625,000 List Price | 3 | 2 | 1,806 | $346 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1989-built home is in move-in ready condition due to extensive high-quality upgrades. Key features include recently installed hardwood flooring, granite countertops in the kitchen and bathrooms, and a brand-new HVAC system. The kitchen is well-equipped with stainless steel KitchenAid appliances and recessed lighting. While some cabinetry styles reflect the original build period, the property has been meticulously maintained with no deferred maintenance visible, meeting the criteria for a 'Good' rating.
The property offers exceptional fairway views of the 6th hole on the Pete Dye Resort Course, paired with stunning mountain vistas that enhance its premium desert appeal.
The home features high-end finishes including hardwood flooring, granite countertops, and a brand-new HVAC system installed in October, ensuring immediate move-in readiness and reduced maintenance costs.
Unlike many properties in the Coachella Valley, this residence is located on fee land, meaning you own the land outright, which simplifies financing and provides better long-term value retention.
The monthly HOA fee of $900 is significant and may impact the debt-to-income ratio for some buyers or be perceived as a high ongoing carrying cost.
The assigned public schools have modest ratings, particularly the middle school at a 3/10, which may be a drawback for families prioritizing high-performing educational districts.
Located in Mission Hills Country Club's Deane Homes on fee land, this beautifully upgraded residence offers stunning fairway views of the 6th hole of the Pete Dye Resort Course. The home features hardwood flooring, wooden plantation shutters, and granite countertops throughout. Bathrooms are tastefully updated with granite finishes and frameless glass showers. Enjoy a private, thoughtfully designed courtyard with mature landscaping--perfect for relaxing or entertaining. Additional highlights include a new AC and heating system installed in October, plus a spacious three-car garage complete with abundant built-in storage and durable lava flow epoxy flooring.
No exterior & parking available.
Grades K-5 • 3.8 mi
Grades 6-8 • 2.0 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,806 | 1,784 | 51% |
| Lot Size | 6,098 | 2,614 | 88% |
| Price | $575.0K | $572.0K | 51% |
| Price per sq ft | $318 | $324 | 46% |
| Built year | 1989 | 1979 | 89% |
| HOA | $900.0 | $834 | 60% |
| Days on market | 24 | 152 | 3% |
Mar 29, 2026
$575,000
Initial Listing
Apr 18, 2000
$246,000
Public Record