899 Island Drive 403, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 2 bed, 2 bath
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Rancho Mirage, California 92270
This Condominium represents a High-Potential Investment Opportunity, listed at $620,000—positioned well above the $549,444 Fair Market Value by -12%. While the property requires modernization, its Condition Rating of 4 and Panoramic Lake and Mountain Views provide a solid foundation for value-add renovations. The inclusive HOA covers essential utilities, supporting a low-maintenance lifestyle. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to personalize a high-rise desert residence within a prestigious, amenity-rich country club community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 899 Island Drive 403 Subject | $620,000* List Price | 2 | 2 | 1,711 | $321 | - |
A 900 Island Drive 207 Sold | $650,000 | 2 | 2 | 1,855 | $350 | 0.1 mi |
B 30 Haig Drive Sold | $519,000 | 2 | 2 | 1,647 | $315 | 0.7 mi |
C 8 La Ronda Drive Sold | $490,000 | 3 | 2 | 1,581 | $310 | 0.7 mi |
D 5 Valencia Drive Sold | $550,000 | 3 | 2 | 1,675 | $328 | 0.9 mi |
E 899 Island Drive 408 Active | $500,000 List Price | 2 | 2 | 1,722 | $290 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, this property is well-maintained but dated. The kitchen features older white appliances and a fluorescent light box, and popcorn ceilings are visible throughout the residence. While move-in ready, it lacks a recent comprehensive renovation and requires modern updates to the kitchen, lighting, and surfaces.
This 4th-floor residence features floor-to-ceiling glass walls and an expansive full-length terrace, providing unobstructed, breathtaking views of the lake, mountains, and championship golf course.
Located in the exclusive Desert Island community, residents enjoy 24-hour guard-gated security, a 25-acre lake, tennis and pickleball courts, a fitness center, and a renowned 18-hole championship golf course.
The HOA dues provide significant value by covering essential utilities such as water, gas, and central A/C, alongside cable TV, trash, and full exterior building maintenance for effortless living.
The monthly association fee of $1,638 is relatively high, which may be a deterrent for budget-conscious buyers or those sensitive to fixed monthly overhead.
Constructed in 1973, the property and building infrastructure may reflect older design standards or require modernization to compete with newer luxury developments in the area.
Nestled within the prestigious gated community of Desert Island Country Club, this extraordinary 4th-Floor Residence offers what may be some of the most breathtaking unobstructed lake and mountain views in the desert. Floor-to-ceiling walls of glass frame the ever-changing scenery, while an expansive terrace spanning the entire length of the home creates seamless indoor-outdoor living and unforgettable sunset experiences. Often described as a hidden gem of the desert, Desert Island evokes the relaxed elegance of 1960s Aloha-inspired resort living a rare high-rise oasis surrounded by lush landscaping, sparkling water, and panoramic mountain vistas. At the heart of the community is the renowned 18-hole championship golf course designed by Desmond Muirhead, set around a stunning 25-acre lake. Residents enjoy an exceptional collection of resort-style amenities including 24-hour guard-gated security, clubhouse, fitness center, pool and spa, tennis and pickleball courts, paddle boats, and impeccably maintained grounds. HOA dues include water, gas, trash, cable TV, central A/C, exterior building maintenance, landscaping, and security for effortless desert living. Ideally located near Sunnylands Center & Gardens and Eisenhower Medical Center, and just minutes from the El Paseo Shopping District, incredible hiking trails, fine dining, shopping, theaters, casinos, downtown Palm Springs and the P.S International Airport, this remarkable property feels worlds away while remaining close to everything. This is more than a home it's your own personal desert oasis. Come experience the magic for yourself and start living in this absolute paradise.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 47% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,711 | 1,756 | 48% |
| Lot Size | - | 2,178 | 23% |
| Price | $620.0K | $570.0K | 61% |
| Price per sq ft | $362 | $324 | 70% |
| Built year | 1973 | 1979 | 8% |
| HOA | $1638.0 | $830 | 90% |
| Days on market | 24 | 152 | 1% |
May 13, 2026
$620,000
Initial Listing
Nov 1, 2011
$222,500
Public Record
Jul 28, 2010
$240,000
Public Record
Oct 31, 2000
$233,000
Public Record