71739 Tunis Road, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 2 bed, 2 bath
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Rancho Mirage, California 92270
This Value-Add Vintage Bungalow in Magnesia Falls Cove is a High-Potential Investment Opportunity listed at $625,000. While priced at its $623,005 Fair Market Value, it represents the lowest-priced entry in the subdivision, with a nearby "twin" property listed at $1,188,888. The home features a Modernized Kitchen, Panoramic Mountain Views, and a Condition Rating of 3. With a 7,405 sqft lot and proximity to Rancho Mirage Elementary and Rancho Mirage High, there is significant forced appreciation potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside desert getaway.
Property is move-in ready.
While built in 1956, the interior has been modernized with a functional kitchen featuring stone countertops and updated cabinetry. Bathrooms have been renovated with newer vanities and tile work. The home is move-in ready and well-maintained, though the exterior driveway shows significant cracking.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1000.
Positioned as the lowest-priced entry in the prestigious Magnesia Falls Cove and listed below the Zillow estimate, this property offers significant immediate equity and investment upside.
Located in the desirable 'upper' Cove area, the property boasts stunning mountain views and a generous 7,405 sqft lot, providing a quintessential desert getaway atmosphere.
Built in 1956, the home likely requires comprehensive modernization and updates to meet contemporary luxury standards and maximize its market potential.
At only 1,000 square feet, the compact living space may be a drawback for buyers seeking more expansive interiors or larger family accommodations.
Adorable 1956 vintage bungalow in upper Magnesia Falls Cove. 2 beds and 2 baths with endless potential. Previously a steady long term rental for years. Zillow estimate TODAY is $668,100. Check out the STUNNING TWIN at 71715 Tunis Rd., 2 doors away, on the market for $1,188,888. Livable and rentable in the current condition, this is the LOWEST PRICE in Magnesia Falls Cove. This can be your new investment or charming desert getaway!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 4.6 mi
Grades 9-12 • 6.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 17% |
| Baths | 2.0 | 3.0 | 19% |
| Square foot | 1,000 | 2,744 | 0% |
| Lot Size | 7,405 | 10,019 | 28% |
| Price | $625.0K | $1.20M | 4% |
| Price per sq ft | $625 | $443 | 82% |
| Built year | 1956 | 2000 | 2% |
| HOA | $0 | $450 | 12% |
| Days on market | 33 | 154 | 1% |
May 5, 2026
$625,000
Initial Listing
Nov 24, 2021
$550,000
Public Record