72424 Desert Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 2 bed, 3 bath
Loading property details...
Rancho Mirage, California 92270
Analysis of 72424 Desert Drive, Rancho Mirage, California 92270 is currently available with a list price of $1,345,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1946, this property functions as a 'time capsule' with interior finishes, including carpets, wood paneling, and lighting, that appear to be 40-50 years old. The exterior grounds show significant deferred maintenance with large unlandscaped dirt areas and debris. While structurally intact, the home requires a complete rehabilitation of all major systems and aesthetic components to meet modern living standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 39204, living area = 1608.
The property sits on a massive 39,204 sq.ft. lot, offering rare space in Rancho Mirage to add an ADU, tennis courts, or a significant residential expansion.
Reputed to be the former home of Hedy Lamarr, this 'Old Hollywood Glamour' estate provides unique historical character and prestige that enhances its marketability.
With only 2 bedrooms and 1,608 sq.ft. of living space, the home's footprint is relatively small compared to the premium asking price and the size of the lot.
Built in 1946, the property likely requires significant updates to its core systems and interior finishes to meet modern luxury standards and energy efficiency.
MOTIVATED TO SELL, Magnesia Falls South. An example of old Hollywood Glamour. It is reputed to be the main house of HEDY LAMARR. This amazing property sits on almost an acre and is approximately 39,204 sq.ft., which could easily accommodate the addition of tennis courts, an ADU, and much more. This single-level home has 2 bedrooms, 3 bathrooms, a family room with a fireplace, and a bonus room. When it comes to outside of the home, you can enjoy a sparkling private in-ground pool. There is also ample parking, 2-car covered parking, and plenty of room for RV. The mountain views from the front and backyard are breathtaking. This location is in a highly sought-after area of Rancho Mirage-- a quiet neighborhood with easy access to COD, shopping, fabulous restaurants, and numerous championship golf courses. A home like this does not come up often. Your dream awaits.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,608 | 2,724 | 5% |
| Lot Size | 39,204 | 10,454 | 96% |
| Price | $1.34M | $1.11M | 59% |
| Price per sq ft | $836 | $438 | 93% |
| Built year | 1946 | 2001 | 0% |
| HOA | $0 | $445 | 12% |
| Days on market | 19 | 166 | 1% |
Apr 3, 2026
$1,345,000
Initial Listing