899 Island Drive 302, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 2 bed, 2 bath
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Rancho Mirage, California 92270
This Remodeled Resort-Style Condominium is a High-Potential Investment Opportunity, listed at $649,000—positioned well below the $671,149 Fair Market Value by 3%. This valuation gap offers $22,149 in Instant Equity. Featuring a Mint Condition Rating with high-end red cabinetry and slate-style tile, the unit offers panoramic lake and mountain views. With resort amenities and a prime location near top-rated schools like James Earl Carter Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, luxury lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 899 Island Drive 302 Subject | $649,000* List Price | 2 | 2 | 1,975 | $340 | - |
A 900 Island Drive 607 Sold | $675,000 | 2 | 2 | 1,867 | $362 | 0.0 mi |
B 900 Island Drive 314 Sold | $675,000 | 3 | 2 | 1,879 | $359 | 0.0 mi |
C 899 Island Drive 404 Sold | $470,000 | 2 | 2 | 1,722 | $273 | 0.0 mi |
D 900 Island Drive 207 Sold | $650,000 | 2 | 2 | 1,855 | $350 | 0.1 mi |
E 5 La Ronda Drive Sold | $599,000 | 2 | 2 | 1,650 | $363 | 0.7 mi |
F 39587 Bedford Drive Sold | $510,000 | 2 | 2 | 1,851 | $276 | 0.6 mi |
G 900 Island Drive 512 Active | $459,500 List Price | 1 | 2 | 1,494 | $308 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1973, this unit has been extensively remodeled with a modern aesthetic. It features a high-end kitchen with contemporary red cabinetry, diamond-plate backsplashes, and stainless steel appliances. The flooring is updated with large-format slate-style tile, and the overall interior condition is mint and move-in ready, meeting the criteria for a recent renovation.
This remodeled third-floor end unit offers exceptional lake and mountain views within the exclusive Desert Island community, perfectly situated near top-tier dining and the Eisenhower Medical Center.
The association fee covers 95% of the A/C bill along with cable, Wi-Fi, gas, water, and 24-hour guard-gated security, providing a simplified, lock-and-leave lifestyle.
Residents enjoy high-end facilities including tennis and pickleball courts, paddle boats, a gym, and a pool, all set within a unique island enclave surrounded by a championship golf course.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2514, other record lot size in square feet = 1955.
The monthly HOA fee of $1,735 is significant and may deter buyers sensitive to high fixed monthly expenses, despite the extensive utilities and services included.
Built in 1973, the property may face challenges related to aging infrastructure or potential future assessments common in older high-density developments.
Where ''New York meets sunny California'' in this gorgeous, remodeled third-floor end unit offering panoramic views. This 2-bedroom, 2-bathroom home features a dramatic, spacious interior that flows seamlessly onto a grand balcony, perfect for entertaining. Residents enjoy sophisticated, resort-style living with access to a gym, tennis and pickle-ball courts, paddle boats, and a beautiful pool and spa. The HOA fees include 95% of the A/C bill, as well as cable TV, WI-FI, gas, water, trash, 24-hour guard-gated security, and access to on-site maintenance. Desert Island is a hidden gem surrounded by a large lake and an 18-hole championship golf course. Perfectly situated at the corner of Bob Hope and Frank Sinatra Drive, you are minutes away from top-tier restaurants, shopping, art galleries, theaters, casinos, and the Eisenhower Medical Center. Call to schedule your private viewing today.
No exterior & parking available.
Grades K-5 • 1.9 mi
Grades K-5 • 2.7 mi
Grades 6-8 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,975 | 1,830.5 |
| Lot Size | 2,514 | 3,049 |
| Price | $649.0K | $560.4K |
| Price per sq ft | $329 | $322 |
| Built year | 1973 | 1977 |
| HOA | $1735.0 | $860 |
| Days on market | 21 | 73 |
Jul 1, 2026
$649,000
Initial Listing
Oct 19, 2005
$475,000
Public Record
Jul 2, 2004
$300,000
Public Record
Feb 22, 1995
$24,500
Public Record