
Rancho Mirage, California 92270
This Value-Add Rancho Mirage Condominium represents a strategic entry into gated Wilshire Palms. Listed at $399,000, the property is positioned at its $396,671 Fair Market Value, providing a stable acquisition for a high-upside renovation. Featuring a Condition Rating of 4, the 1,851 sq. ft. layout includes vaulted ceilings, a dedicated office, and mountain views. Proximity to James Earl Carter Elementary (Rating 8) and community pools and tennis courts ensures long-term demand. This is a standout opportunity for Fix-and-Flip Investors or Owner-Occupants looking to modernize a spacious asset and build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 72460 Rodeo Way Subject | $399,000* List Price | 2 | 2 | 1,851 | $214 | - |
A 72485 Roxbury Drive Sold | $450,000 | 3 | 3 | 1,922 | $234 | 0.2 mi |
B 72460 Rodeo Way Active | $425,000 List Price | 2 | 2 | 1,851 | $230 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979 (45 years old), the property features some cosmetic updates like newer flooring and paint, but key areas such as the bathrooms and wet bar remain original and dated. The listing description acknowledges 'original elements' and 'resolvable known items,' indicating the home is functional but requires modernization of systems and wet areas to meet current standards.
Priced competitively for the Rancho Mirage market, this property offers a significant opportunity for investors or end-users to build immediate equity through thoughtful renovations and modern updates.
The 1,851 sq. ft. floor plan features vaulted ceilings, a dedicated office/den, and an expansive kitchen, providing a sense of volume and functional living space that is rare at this price point.
Located in the gated Wilshire Palms, the home benefits from a low-density environment with access to lush greenbelts, tennis and pickleball courts, and multiple pools in a prime desert location.
The property contains several original elements and known 'resolvable items' that require immediate attention, as it is being sold in as-is condition with a need for a designer's overhaul.
The association fee of $830 per month is a substantial recurring expense that may impact the overall affordability and appeal for budget-conscious buyers.
Positioned along a lush greenbelt with only one shared wall and exceptional privacy, this property is offered at a head-turning price point that represents pure potential in Wilshire Palms. Offering approximately 1,851 sq. ft., the home features a spacious single-level layout with two well-separated bedrooms, a true primary suite, and a large office or den. There is an incredible sense of space that needs to be experienced in person, highlighted by an extra-large kitchen with a breakfast bar and formal dining area, vaulted ceilings, a fireplace, and expansive windows that, once reimagined, will impress any guest or visitor. Multiple outdoor areas extend the living experience, and a full two-car garage with in-garage laundry adds everyday convenience. Some updates have been completed, while other elements remain original, creating a clear opportunity for thoughtful improvements. This is where smart design choices can translate into meaningful equity and a more elevated living experience. Wilshire Palms is known for its low-density design and beautifully maintained grounds, featuring pools, spas, tennis courts, pickleball courts, and gated entry, all set within expansive greenbelts in the heart of Rancho Mirage. Just minutes from The River at Rancho Mirage and Sunnylands Center & Gardens, you're close to dining, shopping, and everything that defines high-end desert living. For a buyer with a designer's vision, this is a standout opportunity to transform a well-located home into something truly spectacular. A completed improvement list and a summary of resolvable known items to be addressed by the next owner after an as-is sale are available. At this price, move quickly!
No exterior & parking available.
Grades K-5 • 1.8 mi
Grades 9-12 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 45% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,851 | 1,798 | 56% |
| Lot Size | - | 2,614 | 17% |
| Price | $399.0K | $570.0K | 18% |
| Price per sq ft | $216 | $324 | 5% |
| Built year | 1979 | 1979 | 50% |
| HOA | $830.0 | $830 | 50% |
| Days on market | 5 | 152 | 1% |
Apr 17, 2026
$399,000
Initial Listing