72116 Clancy Lane, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 4 bed, 5 bath
ACTIVE$2,400,000
72116 Clancy Lane, Rancho Mirage, California 92270
4Beds
5Baths
5,062Sqft
27,878Lot
Price Vs. Estimate
The estimated value ($2,646,439.515) is $246,439.515 (10%) higher than the list price ($2,400,000). This property may be underpriced.
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 = 27878, living area = 5062.
Top Cons:
Limited Bedroom Count Relative to Size: With 5062 sqft and only 4 bedrooms (split between the main house and guest house), some buyers may perceive a lower bedroom-to-square-footage ratio, potentially indicating fewer private sleeping quarters within the primary residence.
Compared to the nearby listings
Price:$2.40M vs avg $1.09M (+$1,310,000)86%
Size:5,062 sqft vs avg 2,903 sqft94%
Price/sqft:$474 vs avg $42269%
More Insights
Built in 2005 (20 years old).
Condition: Built in 2005, this custom compound is in excellent, move-in ready condition. The kitchen features high-end stainless steel appliances, contemporary light wood cabinetry, and dark granite countertops, all well-maintained. Bathrooms, particularly the master, are luxurious with modern fixtures, large walk-in showers, and integrated sinks. Flooring consists of large format tile and clean patterned carpet. While the overall style is contemporary and high-quality, some elements like the kitchen cabinet wood tone reflect its 2005 build and might not align with the absolute latest trends, preventing an 'Excellent' score. However, the property shows minimal wear and tear, boasts significant upgrades like 100 owned solar panels, and requires no immediate renovations, aligning perfectly with a 'Good' rating.
Year Built
2005
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$474
HOA
$50
Days on market
-
Sold On
-
MLS number
219140092PS
Home ConditionGood
Features
Good View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool
About this home
Custom compound in the Clancy Lane neighborhood of Rancho Mirage. The main house offers a grand entry, two bedrooms, two living rooms, and a three-car garage. A separate two-bedroom guest house includes its own garage with rollup door for your toys or additional storage. The studio casita has been converted into a home office with pool views. The side driveway accommodates two full-size RVs. Mountain views and gallery-style spaces for your art collection. 100 panels of owned solar. Close to El Paseo, Eisenhower Medical Center, and The River. Multiple custom features throughout.
Price History
Date
Event
Price
09/25/00
Sold
$300,000
02/01/21
Sold
$1,525,000
03/26/18
Sold
$1,525,000
09/11/02
Sold
$390,000
Condition Rating
Good
Built in 2005, this custom compound is in excellent, move-in ready condition. The kitchen features high-end stainless steel appliances, contemporary light wood cabinetry, and dark granite countertops, all well-maintained. Bathrooms, particularly the master, are luxurious with modern fixtures, large walk-in showers, and integrated sinks. Flooring consists of large format tile and clean patterned carpet. While the overall style is contemporary and high-quality, some elements like the kitchen cabinet wood tone reflect its 2005 build and might not align with the absolute latest trends, preventing an 'Excellent' score. However, the property shows minimal wear and tear, boasts significant upgrades like 100 owned solar panels, and requires no immediate renovations, aligning perfectly with a 'Good' rating.
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 = 27878, living area = 5062.
Versatile Living & Guest Accommodations: The property offers exceptional flexibility with a main house, a separate two-bedroom guest house with its own garage, and a studio casita converted into a home office, ideal for multi-generational living, extended guests, or dedicated work/hobby spaces.
Prime Location & Accessibility: Located in the desirable Clancy Lane neighborhood of Rancho Mirage, the property provides convenient access to upscale amenities, including El Paseo shopping, Eisenhower Medical Center, and The River.
Energy Efficiency & Cost Savings: Equipped with 100 panels of owned solar, this property offers significant energy cost savings and environmental benefits, appealing to eco-conscious buyers.
Extensive Parking & Storage: Beyond the three-car main garage and guest house garage, a dedicated side driveway accommodates two full-size RVs, providing ample parking and storage for vehicles, recreational toys, or equipment.
Custom Design & Aesthetic Features: As a 'custom compound' with 'gallery-style spaces for your art collection' and 'multiple custom features throughout,' the property offers unique, high-quality design elements and mountain/pool views that cater to discerning tastes.
Cons
Limited Bedroom Count Relative to Size: With 5062 sqft and only 4 bedrooms (split between the main house and guest house), some buyers may perceive a lower bedroom-to-square-footage ratio, potentially indicating fewer private sleeping quarters within the primary residence.
High Operational & Maintenance Demands: A 'custom compound' with multiple structures, a generous 27,878 sqft lot, and potentially extensive landscaping suggests significant ongoing costs and effort for upkeep, including utilities for multiple units and general property maintenance.
Specialized Appeal May Limit Buyer Pool: Features such as 'gallery-style spaces for your art collection' and dedicated RV parking, while strengths for specific buyers, are highly specialized and could narrow the target market, potentially extending the marketing period.