
Rancho Mirage, California 92270
This Value-Add Residential Asset represents a High-Potential Investment Opportunity with a List Price of $1,175,000—positioned well below the $1,317,233 Fair Market Value by 10%. This valuation gap provides $142,233 in Instant Equity for a strategic renovation. Despite its Fair Condition Rating, the property features a massive 0.51-acre lot, unobstructed mountain views, and a private pool, offering significant ROI potential in Magnesia Falls Cove. Located near Rancho Mirage Elementary, this is a premier acquisition for Fix-and-Flip Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 71461 Sahara Road Subject | $1,175,000* List Price | 3 | 4 | 2,804 | $470 | - |
A 71529 Tangier Road Sold | $1,065,000 | 3 | 3 | 2,125 | $501 | 0.4 mi |
B 71624 Biskra Road Sold | $1,275,000 | 3 | 4 | 3,494 | $365 | 0.7 mi |
C 71569 Sahara Road Active | $1,439,000 List Price | 5 | 4 | 2,710 | $531 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, this property is well-maintained but significantly outdated, featuring older Saltillo tile flooring, dated ceiling fans, and track lighting. While the structure appears solid and includes some updates like solar panels, the listing's description as a 'contractor's dream' and the lack of recent renovations to the kitchen and bathrooms align with the fair condition criteria for an aged home requiring modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22216, living area = 2804.
Situated in the highly sought-after Magnesia Falls Cove, the property boasts desirable south-facing views of the Santa Rosa Mountains.
The property sits on over half an acre (22,216 sqft), offering rare privacy and significant potential for outdoor development or expansion in a premium neighborhood.
Built in 1946 and described as a 'contractor's dream,' the home likely requires a substantial capital investment to modernize its systems, finishes, and structural elements.
The listing price of $1.175M represents a high entry point for a property requiring significant updates, which may limit the immediate equity potential for investors.
Set on a desirable street with south views of the Santa Rosa Mountains in the highly sought-after community of Magnesia Fall Cove. The spacious three-bedroom, four-bathroom home with a pool offers approximately 2,800 square feet of well-designed living space and endless potential including the fact its sits on over 1/2 acre of land. Featuring an open floor plan, the residence creates a seamless flow between the main living areas--perfect for both everyday living and entertaining. The primary suite serves as a private retreat, complete with its own dedicated bathroom and generous closet space. Three additional well-proportioned bedrooms each offer their own unique charm, providing flexibility for family, guests, or a home office setup. With four full bathrooms throughout, the home ensures both comfort and convenience. Thoughtfully laid out for functionality, the property highlights efficient use of space, strong design fundamentals. With its solid structure and expansive layout, this home is truly a contractor's dream--an ideal opportunity to customize, update, and create a one-of-a-kind living space tailored to your vision.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 4.0 mi
Grades 9-12 • 5.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 53% |
| Square foot | 2,804 | 2,726 | 52% |
| Lot Size | 22,216 | 10,454 | 91% |
| Price | $1.18M | $1.11M | 52% |
| Price per sq ft | $419 | $438 | 42% |
| Built year | 1946 | 2001 | 0% |
| HOA | $0 | $445 | 12% |
| Days on market | 7 | 163 | 0% |
Apr 15, 2026
$1,175,000
Initial Listing
Dec 19, 2008
$590,000
Public Record
Nov 12, 2004
$675,000
Public Record
Nov 25, 1998
$210,000
Public Record