72187 Desert Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 4 bed, 4 bath
ACTIVE UNDER CONTRACT$1,085,000
72187 Desert Drive, Rancho Mirage, California 92270
4Beds
4Baths
2,563Sqft
19,166Lot
Price Vs. Estimate
The estimated value ($473,388.475) is $611,611.525 (56%) lower than the list price ($1,085,000). 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 = 19166, living area = 2563.
Top Cons:
Significant Overpricing: The current listing price of $1.085M is substantially higher than the estimated property value of $473,388, indicating a significant overvaluation that could hinder sale.
Compared to the nearby listings
Price:$1.08M vs avg $1.08M (+$2,500)50%
Size:2,563 sqft vs avg 2,895.5 sqft40%
Price/sqft:$423 vs avg $42251%
More Insights
Built in 1955 (70 years old).
Condition: Despite being built in 1955, this property has undergone an extensive and high-quality renovation, as explicitly stated in the description ('NOTHING was left undone'). The images confirm a 'new-century modern' aesthetic throughout, with a sleek, fully updated kitchen featuring high-end appliances (Sub-Zero fridge, new dishwasher), modern cabinetry, and white countertops. Bathrooms are also completely renovated with contemporary fixtures, floating vanities, and large-format tiling. All major systems, including plumbing, electrical, HVAC, roof, and windows, are newer. The addition of a matching casita and updated outdoor features like the saltwater pool and pavered driveway further solidify its 'excellent' condition, meeting current quality standards with virtually new components and no deferred maintenance.
Year Built
1955
Close
-
List price
$1.08M
Original List price
$1.08M
Price/Sqft
$423
HOA
-
Days on market
-
Sold On
-
MLS number
219042535PS
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)
About this home
PERFECT VIEWS and LOCATION!!! Mid-century meets new-century modern at its finest! NOTHING was left undone in this tasteful renovation. Built in 1955, this private ranch-style 4 bedroom 4 bath, boasts almost 2600 sf!!! FEE land, NO HOA and ideally faces the beautiful mountains of Rancho Mirage, on almost HALF of AN ACRE! The main house is 3 bedrooms 3 bath at 2028 sf and the recently finished CASITA/guest house is 535 sf, built to match the style of the house to perfection. INCLUDES newer kitchen, baths, plumbing, electrical, appliances, salt water pool and spa, pool equipment, HVAC, roof, windows and Western sliders (top of the line), instant hot water, custom-pavered driveway and epoxied garage with zoned AC. Newest addition, sub-zero fridge and brand new dishwasher. Walking distance to Coachella Valley renown, ''The River'', for dining and shopping. If you think the pictures are amazing, its twice as good in person. Schedule an appointment today. You wont be disappointed!!!
Condition Rating
Excellent
Despite being built in 1955, this property has undergone an extensive and high-quality renovation, as explicitly stated in the description ('NOTHING was left undone'). The images confirm a 'new-century modern' aesthetic throughout, with a sleek, fully updated kitchen featuring high-end appliances (Sub-Zero fridge, new dishwasher), modern cabinetry, and white countertops. Bathrooms are also completely renovated with contemporary fixtures, floating vanities, and large-format tiling. All major systems, including plumbing, electrical, HVAC, roof, and windows, are newer. The addition of a matching casita and updated outdoor features like the saltwater pool and pavered driveway further solidify its 'excellent' condition, meeting current quality standards with virtually new components and no deferred maintenance.
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 = 19166, living area = 2563.
Comprehensive Modern Renovation: The property has undergone an extensive, high-quality renovation, including newer kitchen, baths, plumbing, electrical, HVAC, roof, windows, and high-end appliances (Sub-Zero fridge), ensuring modern comfort and reduced immediate maintenance.
Detached Guest House (Casita): A recently finished 535 sq ft casita, built to match the main house, offers versatile space for guests, a home office, or potential rental income, significantly enhancing property value and utility.
Desirable Location & Mountain Views: Situated in Rancho Mirage with 'perfect views' of the beautiful mountains and within walking distance to 'The River' for dining and shopping, offering both scenic beauty and convenient access to amenities.
Large Private Lot with No HOA: Boasting almost half an acre of 'FEE land' with no Homeowners Association (HOA) fees, providing greater privacy, space, and lower recurring costs for the owner.
Updated Outdoor Living & Pool: Features a newer saltwater pool and spa with updated equipment, custom-pavered driveway, and an epoxied garage with zoned AC, creating an attractive and functional outdoor and utility space.
Cons
Significant Overpricing: The current listing price of $1.085M is substantially higher than the estimated property value of $473,388, indicating a significant overvaluation that could hinder sale.
Extended Market Time: The property has been on the market since May 2020, an unusually long duration (over 4 years), suggesting a lack of buyer appeal at the current price point or other market challenges.
Original Construction Year: Despite extensive renovations, the original build year of 1955 might be a consideration for buyers preferring newer construction, potentially impacting perceived value or future resale.