72187 Desert Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 4 bed, 4 bath
72187 Desert Drive
Rancho Mirage, California 92270
Property Price
SUMMARY
Analysis of 72187 Desert Drive, Rancho Mirage, California 92270 reveals a property with a current list price of $1,085,000, which is 56% above the estimated $473,388 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Rancho Mirage Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 72187 Desert Drive Subject | $1,085,000* List Price | 4 | 4 | 2,563 | $185 | - |
A 71433 Estellita Drive Sold | $1,080,000 | 3 | 4 | 2,888 | $374 | 0.8 mi |
B 41 White Sun Way Sold | $850,000 | 3 | 3 | 2,407 | $353 | 0.4 mi |
C 56 White Sun Way Sold | $975,000 | 3 | 3 | 2,407 | $405 | 0.3 mi |
D 71489 Mirage Road Active | $1,094,000 List Price | 4 | 4 | 2,400 | $456 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
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.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
CONSRISKS & DEFICIENCIES
- 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.
About 72187 Desert Drive
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!!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 19,166 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 4.0 | 3.0 | 53% |
| Square foot | 2,563 | 2,751.5 | 39% |
| Lot Size | 19,166 | 10,454 | 84% |
| Price | $1.08M | $1.10M | 48% |
| Price per sq ft | $423 | $431 | 46% |
| Built year | 1955 | 1999 | 1% |
| HOA | $0 | $445 | 13% |
| Days on market | 2134 | 157 | 0% |
Pricing History
No pricing history data available.