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70801 Fairway Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 4 bath

70801 Fairway Drive, Rancho Mirage, California 92270 home-pic-0
ACTIVE$1,995,000
70801 Fairway Drive, Rancho Mirage, California 92270
3Beds
4Baths
3,050Sqft
14,810Lot

Price Vs. Estimate

The estimated value ($933,769.635) is $1,061,230.365 (53%) lower than the list price ($1,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 14810, living area = 3050.
Top Cons:
High Annual Association Fee: The annual association fee of $6,022 is a substantial ongoing cost that could be a deterrent for some potential buyers.

Compared to the nearby listings

Price:$2.00M vs avg $1.09M (+$905,000)80%
Size:3,050 sqft vs avg 2,903 sqft59%
Price/sqft:$654 vs avg $42287%

More Insights

Built in 1952 (73 years old).
Condition: This property, originally built in 1952, underwent extensive renovations and a 500 sq ft addition in 2019, placing it firmly within the 'extensively renovated within 5 years' criteria. The kitchen features high-end stainless steel energy-efficient appliances, a large island, and modern finishes. Bathrooms are also updated, with the master boasting 'His and Hers bathrooms with a marble Roman tub.' Major systems like the roof, solar with Tesla Powerwall, 3-zone AC units, and double-paned windows are new or recently upgraded, indicating minimal deferred maintenance and meeting current quality standards. The overall condition, as seen in the images and described, is virtually new and move-in ready.
Year Built
1952
Close
-
List price
$2M
Original List price
$1.95M
Price/Sqft
$654
HOA
$6,022
Days on market
-
Sold On
-
MLS number
219124116DA
Home ConditionExcellent
Features
Excellent View: Golf Course, Mountain(s), Panoramic, Pool
Pool
Patio
ViewGolf Course,Mountain(s),Panoramic,Pool

About this home

Fabulous Views and Provenance too! This upgraded mid-century home on 1/3 acre lot was one of the original Thunderbird Country Club homes located on the 3rd Fairway of this world-renowned golf course. This home was owned by both the famous musician and composer Hoagy Carmichael as well as owned by Sylvester Weaver, first President of NBC who started The Today Show (Father of actress Sigourney Weaver)...this was their winter home. It has wonderful views of the southern mountains from the living areas of the home, the back patio and pool. In 2019 a 500 sq ft addition was added. Features of this home include an open concept living area with architectural beamed ceilings, a huge double wide stone fireplace, a large island for cooking with a breakfast bar, hi-end stainless steel energy efficient appliances, an energy efficient foam roof, leased and owned solar with 25-year warranty and Tesla Powerwall Battery, new insulated garage doors, 3-zone AC units, new double paned windows, Covered patio with electric louvers and lighting, newly resurfaced back patio, mature fruit trees throughout property and water saving desert landscaping with privacy hedges front and back. The spacious master bedroom has lots of storage and there are His and Hers bathrooms with a marble Roman tub in Hers! The large pebble-tec pool has wonderful views of the mountains beyond. There is also a large extra storage area near the garage. Best of all - within walking distance of the Club House.

Nearby schools

6/10
Rancho Mirage Elementary School
Public,•K-5•1.0mi
3/10
Nellie N. Coffman Middle School
Public,•6-8•3.1mi
5/10
Rancho Mirage High
Public,•9-12•4.7mi
4/10
Desert Learning Academy
Public,•K-12•6.8mi
Condition Rating
Excellent
This property, originally built in 1952, underwent extensive renovations and a 500 sq ft addition in 2019, placing it firmly within the 'extensively renovated within 5 years' criteria. The kitchen features high-end stainless steel energy-efficient appliances, a large island, and modern finishes. Bathrooms are also updated, with the master boasting 'His and Hers bathrooms with a marble Roman tub.' Major systems like the roof, solar with Tesla Powerwall, 3-zone AC units, and double-paned windows are new or recently upgraded, indicating minimal deferred maintenance and meeting current quality standards. The overall condition, as seen in the images and described, is virtually new and move-in ready.
Pros & Cons

Pros

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 = 14810, living area = 3050.
Historical Provenance: The property boasts a unique and rich history, having been owned by famous musician Hoagy Carmichael and NBC's first President, Sylvester Weaver, adding significant prestige and storytelling value.
Prime Golf Course Location & Views: Situated on the 3rd Fairway of the world-renowned Thunderbird Country Club, the home offers wonderful southern mountain views from living areas, the back patio, and the pool, enhancing its desirability.
Extensive Energy-Efficient Upgrades: Equipped with an energy-efficient foam roof, leased and owned solar with a 25-year warranty and Tesla Powerwall Battery, 3-zone AC units, and new double-paned windows, ensuring modern comfort and reduced utility costs.
Modernized Mid-Century Design: This upgraded mid-century home features an open-concept living area with architectural beamed ceilings, a huge double-wide stone fireplace, a large island kitchen with high-end stainless steel appliances, blending classic charm with contemporary functionality.
Enhanced Outdoor Living & Amenities: The property offers a covered patio with electric louvers and lighting, a newly resurfaced back patio, mature fruit trees, water-saving desert landscaping, privacy hedges, a large pebble-tec pool, and is within walking distance of the Club House.

Cons

High Annual Association Fee: The annual association fee of $6,022 is a substantial ongoing cost that could be a deterrent for some potential buyers.
Age of Original Construction: Despite extensive upgrades, the home's original construction year of 1952 means the underlying structure and some foundational systems are older, which may lead to unforeseen maintenance or renovation needs over time.
Specific Architectural Style: The 'mid-century' aesthetic, while upgraded, caters to a particular taste and might not appeal to all luxury buyers seeking a more contemporary or different architectural style, potentially limiting the buyer pool.

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