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72114 Follensbee Road, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 4 bed, 4 bath

72114 Follensbee Road, Rancho Mirage, California 92270 home-pic-0
ACTIVE$4,999,000$4,695/sqft
Est. Value: $4,415,773
-11%
AboveEstimate
72114 Follensbee Road, Rancho Mirage, California 92270
4Beds
4Baths
4,695Sqft
40,946Lot

Price Vs. Estimate

The estimated value ($4,415,772.8) is $583,227.2 (11%) lower than the list price ($4,999,000). 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 = 40946, living area = 4695.
Top Cons:
Substantial Price Appreciation Since Last Sale: The current listing price of $4.999M represents a significant increase from its $1.6M sale price in May 2024, which may require thorough justification to potential buyers and could lead to scrutiny regarding its current valuation.

Compared to the nearby listings

Price:$5.00M vs avg $1.06M (+$3,934,000)95%
Size:4,695 sqft vs avg 2,886 sqft90%
Price/sqft:$1.1K vs avg $41898%

More Insights

Built in 1954 (72 years old).
Condition: Despite being built in 1954, this property has been fully and extensively remodeled with luxurious, contemporary finishes throughout, as explicitly stated in the description and evident in the images. The kitchen features high-end ZLINE Gold Signature Series appliances, Shinoki wood cabinetry, and premium quartz countertops, all appearing new. Bathrooms are spa-like with modern fixtures, updated vanities, and oversized showers. The property boasts new large-format porcelain tile flooring, updated multiple HVAC systems, new electrical switches, and modern lighting, indicating all components are virtually new and meet current quality standards. This aligns perfectly with the 'Excellent' criteria for a property extensively renovated within the last 5 years.
Year Built
1954
Close
-
List price
$5M
Original List price
$5M
Price/Sqft
$1,065
HOA
-
Days on market
-
Sold On
-
MLS number
219140796DA
Home ConditionExcellent
Features
Excellent View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

Welcome to 72114 Follansbee Rd! A Classic Mid-Century Private Estate, fully remodeled with luxurious finishes throughout. This gated Desert Oasis is located in the exclusive Clancy Lane area of Rancho Mirage; No HOA! This extraordinary 4600+ sq ft, 4-bedroom, 4-bathroom sits on an oversized nearly 1-acre lot offering a park like environment with lush landscaping and mature fruit trees and would perfect for your own Tennis and/or Pickleball Court. A circular driveway leads to an impressive custom Pivot Front Door which sets the stage for the contemporary and sophisticated design inside. Stepping inside your are greeted by soaring ceilings, an open-concept layout, and abundant natural light enhanced by new modern windows and sliding glass doors. The interior highlights stylish accent walls, large-format porcelain tile flooring, modern all-new recessed LED lighting, and exquisite Restoration Hardware chandeliers. The fully updated multiple HVAC systems, new electrical switches, and chic interior doors and moldings reflect meticulous attention to detail. The gourmet kitchen is a designer's dream, featuring Shinoki wood cabinetry, premium quartz countertops, ZLINE Gold Signature Series appliances, a built-in 60-bottle wine cooler, and elegant fixtures. The expansive primary suite offers direct access to the pool and deck, a spa-like bathroom with a soaking tub, oversized shower, dual vanities, and a spacious walk-in closet. Three additional guest bedrooms are positioned on the opposite wing for maximum privacy. Enjoy resort-style outdoor living with a large sparkling pool and spa, custom water features, an outdoor kitchen & bar with porcelain and marble tile, built-in seating around a cozy firepit, a putting green, and multiple garden vignettes. The long private driveway accommodates RV, golf cart, or guest parking, plus a 2-car garage. Owned full-roof solar panels completes this gorgeous home. This turnkey, move-in ready home is minutes from El Paseo shopping and dining, The River, top golf courses, The McCallum Theatre, and Eisenhower Medical Center. This home is a Must See!!!

T
The Downs Team
Listing Agent

Price History

Date
Event
Price
05/15/24
Sold
$1,600,000
Condition Rating
Excellent
Despite being built in 1954, this property has been fully and extensively remodeled with luxurious, contemporary finishes throughout, as explicitly stated in the description and evident in the images. The kitchen features high-end ZLINE Gold Signature Series appliances, Shinoki wood cabinetry, and premium quartz countertops, all appearing new. Bathrooms are spa-like with modern fixtures, updated vanities, and oversized showers. The property boasts new large-format porcelain tile flooring, updated multiple HVAC systems, new electrical switches, and modern lighting, indicating all components are virtually new and meet current quality standards. This aligns perfectly with the 'Excellent' criteria for a property extensively renovated within the last 5 years.
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 = 40946, living area = 4695.
Extensive Luxury Remodel: The property has been fully remodeled with luxurious finishes throughout, featuring contemporary design, new modern windows, updated HVAC systems, and a gourmet kitchen with high-end appliances, offering a turnkey, sophisticated living experience.
Exclusive Location & No HOA: Situated in the exclusive Clancy Lane area of Rancho Mirage, this gated desert oasis offers prestige, privacy, and the significant advantage of no HOA fees.
Resort-Style Outdoor Living & Expansive Lot: An oversized nearly 1-acre lot provides a park-like environment with lush landscaping, mature fruit trees, a large pool and spa, outdoor kitchen, firepit, putting green, and ample space for a potential tennis/pickleball court.
Energy Efficiency with Owned Solar: The inclusion of owned full-roof solar panels significantly enhances the home's energy efficiency, offering long-term cost savings and environmental benefits.
Modern Open-Concept Design & Natural Light: Soaring ceilings, an open-concept layout, and abundant natural light, enhanced by new modern windows and sliding glass doors, create a bright and inviting contemporary living space.

Cons

Substantial Price Appreciation Since Last Sale: The current listing price of $4.999M represents a significant increase from its $1.6M sale price in May 2024, which may require thorough justification to potential buyers and could lead to scrutiny regarding its current valuation.
Original Construction Year (1954): Despite extensive remodeling, the home's original construction year of 1954 might raise concerns for some buyers regarding the underlying structural integrity or potential for unforeseen issues associated with an older property, even with updated systems.
Lack of Formal Subdivision Identity: The 'Not Applicable-1' subdivision name suggests the property may not be part of a formally recognized or established community, which could be a minor drawback for buyers seeking a strong neighborhood identity or specific community amenities.
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