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69850 Highway 111 56, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 1 bed, 2 bath

69850 Highway 111 56, Rancho Mirage, California 92270 home-pic-0
ACTIVE$255,000
69850 Highway 111 56, Rancho Mirage, California 92270
1Bed
2Baths
887Sqft
532,739Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Extensive Resort-Style Amenities: The community offers a wide array of amenities including a pool/spa, gym, library, workshop, tennis/pickleball, putting green, lawn bowling, shuffleboard, and a clubhouse with an amazing kitchen and terrace, all managed by an on-site manager.
Top Cons:
Cash Sales Only Requirement: The property is restricted to cash buyers, significantly limiting the potential buyer pool and potentially impacting market value and resale liquidity.

Compared to the nearby listings

Price:$255.0K vs avg $420.0K ($-165,000)20%
Size:887 sqft vs avg 1,400 sqft20%
Price/sqft:$287 vs avg $29540%

More Insights

Built in 1956 (69 years old).
Condition: Built in 1956, this property shows signs of regular maintenance and some updates, such as newer mini-split HVAC and tile flooring throughout. However, the kitchen features older wood cabinetry, dated countertops, and white appliances that are not modern. The bathrooms also appear dated with older tile styles and vanities. A significant detractor is the 'original checkerboard ceiling design' (mirrored tiles) in the great room, which is very outdated. While functional and move-in ready, the property requires substantial cosmetic updates in the kitchen and bathrooms to align with current styles and preferences, fitting the 'fair' category's description of being aged but maintained with major components functional but outdated.
Year Built
1956
Close
-
List price
$255K
Original List price
$275K
Price/Sqft
$287
HOA
$925
Days on market
-
Sold On
-
MLS number
219126661DA
Home ConditionFair
Features
Good View: Park/Greenbelt
Patio
ViewPark/Greenbelt

About this home

Rarely available and incredibly charming ''dollhouse'' boasting vaulted beamed ceilings, sleek tile flooring and custom features galore. The only unit of this type with 2 bathrooms. You'll love the plantations shutters, cozy outdoor living spaces, 3 skylights, built-in gas wall fireplace and original checkerboard ceiling design in the great room. Located in a quiet location, this one level home with no steps is close but not too close to the pool & spa. The newer mini-split HVAC system is perfect for lower utility bills plus you have your own interior washer & dryer. Each unit has a designated carport with storage above. Situated on over 12 acres Desert Braemar is a low density co-op community, called the 'hidden gem of the desert'. Every amenity is yours including pool/spa, gym, library, workshop, tennis/pickleball, putting green, lawn bowling, shuffleboard, clubhouse with amazing kitchen and terrace, on site manager M-F. Your co-op monthly fee includes all amenities, maintenance, water, sewer, trash, Spectrum high speed internet plus cable including HBO and Showtime AND YOUR PROPERTY TAXES! Snap it up! Desert Braemar is a Stock Cooperative and each owner is issued a 'stock certificate granting a specific number of shares of the complex with exclusive use of a particular unit. Cash sales only. Better hurry on this one before it gets away!

Condition Rating
Fair
Built in 1956, this property shows signs of regular maintenance and some updates, such as newer mini-split HVAC and tile flooring throughout. However, the kitchen features older wood cabinetry, dated countertops, and white appliances that are not modern. The bathrooms also appear dated with older tile styles and vanities. A significant detractor is the 'original checkerboard ceiling design' (mirrored tiles) in the great room, which is very outdated. While functional and move-in ready, the property requires substantial cosmetic updates in the kitchen and bathrooms to align with current styles and preferences, fitting the 'fair' category's description of being aged but maintained with major components functional but outdated.
Pros & Cons

Pros

Extensive Resort-Style Amenities: The community offers a wide array of amenities including a pool/spa, gym, library, workshop, tennis/pickleball, putting green, lawn bowling, shuffleboard, and a clubhouse with an amazing kitchen and terrace, all managed by an on-site manager.
All-Inclusive Monthly Fee: The co-op fee covers nearly all living expenses, including amenities, maintenance, water, sewer, trash, high-speed internet, premium cable channels (HBO/Showtime), and property taxes, offering significant financial predictability.
Charming & Updated Interior Features: The unit boasts unique architectural details like vaulted beamed ceilings, sleek tile flooring, custom features, plantation shutters, skylights, a built-in gas fireplace, and an original checkerboard ceiling design.
Modern Comforts & Convenience: Equipped with a newer mini-split HVAC system for energy efficiency and lower utility bills, plus the rare convenience of an interior washer and dryer.
Unique Layout & Accessible Design: This is the only unit of its type with two bathrooms, features a desirable one-level layout with no steps, and includes a designated carport with overhead storage.

Cons

Cash Sales Only Requirement: The property is restricted to cash buyers, significantly limiting the potential buyer pool and potentially impacting market value and resale liquidity.
Stock Cooperative Ownership: As a stock cooperative, ownership involves shares in the complex rather than direct real estate, which can be less familiar to buyers and may present unique challenges for financing or future resale compared to traditional ownership.
Property Age: While interior updates are noted, the property's original construction year of 1956 suggests potential for older underlying infrastructure (e.g., plumbing, electrical) that may require future attention or updates beyond what is explicitly mentioned.

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