8 Elizabeth Court, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 5 bed, 5 bath

8 Elizabeth Court, Rancho Mirage, California 92270 home-pic-0
ACTIVE$1,450,000
8 Elizabeth Court, Rancho Mirage, California 92270
5Beds
5Baths
4,355Sqft
19,166Lot

Price Vs. Estimate

The estimated value ($922,196.76) is $527,803.24 (36%) lower than the list price ($1,450,000). 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 = 4355.
Top Cons:
Significant Overpricing: The current listing price of $1.45 million is substantially higher than the estimated property value of $922,196.76, indicating a potential overvaluation of 36%.

Compared to the nearby listings

Price:$1.45M vs avg $1.09M (+$360,000)68%
Size:4,355 sqft vs avg 2,903 sqft87%
Price/sqft:$333 vs avg $42023%

More Insights

Built in 2001 (24 years old).
Condition: The property was built in 2001, making it 23 years old. While well-maintained and move-in ready, the kitchen features white appliances, granite countertops, and traditional white cabinetry, which are functional but reflect the style of its original construction and are now considered outdated. Similarly, the bathrooms, with travertine tiled walls and older fixtures, are clean but not updated to modern standards. This aligns with the 'Fair' criteria of a home built over 20 years ago with no major renovations since construction, where major components are functional but show signs of being outdated.
Year Built
2001
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
$333
HOA
$405
Days on market
-
Sold On
-
MLS number
219130230DA
Home ConditionFair
Features
Good View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

Nestled at the end of a quiet Col-De-Sac, situated on nearly Half an Acre, this elegant Five Bedroom, Five Bathroom home is Ideal for a large family looking for a home in the heart of Rancho Mirage. Enter the home from the charming courtyard into a large circular entryway, leading to the Formal Living Room with Travertine Tiled Flooring and step down bar, with Walls of Glass over looking the backyard with Sparkling Pool. Off the living room is situated the Formal Dining room, perfect for entertaining friends and family. The Kitchen with Granite Countertops, white cabinetry and appliances, with under counter seating. A Cozy Family Room off the kitchen with Fireplace and sliding glass door that leads out to the Back Patio and Built in Barbeque. Four ample sized bedrooms. A Detached Casita with its Own Entry. The Primary bedroom suit with Fireplace and sliding glass door out to the patio. A Large Primary Bathroom with Soaking Tub and sizeable shower with travertine Tiled Walls. A Substantial Walk in Closet with built in dresser and plenty of hanging space. The large back and side yard with patio over hang and electric awning for Alfresco Living and Dining with views of the San Jacinto Mountain. Victoria Falls amenities included Tennis, Pickleball and Basketball. Come home to your own, private desert retreat!

Nearby schools

6/10
Rancho Mirage Elementary School
Public,K-53.7mi
3/10
Nellie N. Coffman Middle School
Public,6-82.2mi
5/10
Rancho Mirage High
Public,9-122.3mi
4/10
Desert Learning Academy
Public,K-126.5mi
Condition Rating
Fair

The property was built in 2001, making it 23 years old. While well-maintained and move-in ready, the kitchen features white appliances, granite countertops, and traditional white cabinetry, which are functional but reflect the style of its original construction and are now considered outdated. Similarly, the bathrooms, with travertine tiled walls and older fixtures, are clean but not updated to modern standards. This aligns with the 'Fair' criteria of a home built over 20 years ago with no major renovations since construction, where major components are functional but show signs of being outdated.
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 = 4355.
Prime Location & Privacy: Nestled at the end of a quiet cul-de-sac in the desirable Victoria Falls subdivision, offering enhanced privacy and a tranquil setting within Rancho Mirage.
Expansive Living Space: An elegant five-bedroom, five-bathroom home spanning 4355 sqft, providing ample space ideal for a large family, complemented by a valuable detached casita with its own entry for guests or versatile use.
Generous Outdoor Oasis: Situated on a nearly half-acre lot (19166 sqft) featuring a sparkling pool, built-in BBQ, patio overhang with an electric awning, and picturesque San Jacinto Mountain views, perfect for alfresco living and entertaining.
Community Amenities: Residents benefit from access to Victoria Falls community amenities, including tennis, pickleball, and basketball courts, enhancing recreational opportunities and lifestyle.
Elegant Interior Features: Boasts a grand circular entryway, a formal living room with travertine tiled flooring and a step-down bar, walls of glass overlooking the pool, and a luxurious primary bathroom with a soaking tub and travertine-tiled shower.

Cons

Significant Overpricing: The current listing price of $1.45 million is substantially higher than the estimated property value of $922,196.76, indicating a potential overvaluation of 36%.
Dated Kitchen & Interior Finishes: The kitchen features granite countertops, white cabinetry, and generic appliances, which may appear dated compared to more recently renovated luxury homes in the area and could require significant investment for modernization.
High Monthly HOA Fees: The property incurs a notable monthly association fee of $405, which adds a significant ongoing cost to homeownership.

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