899 Island Drive 408, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 2 bed, 2 bath
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Rancho Mirage, California 92270
This Premier Value-Add Asset is listed at $500,000, offering a rare opportunity to acquire the most prestigious vistas within the guard-gated Desert Island enclave. Currently holding a Condition Rating of 5, the property is positioned above its $394,039 Fair Market Value, a premium justified by its Exceptional Panoramic Views and spacious 1,722 SqFt layout. The original 1973 interior serves as a blank canvas for a luxury transformation in a high-demand market. Located near James Earl Carter Elementary (Rating 8), this project is ideal for Fix-and-Flip Investors or Visionary Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 899 Island Drive 408 Subject | $500,000* List Price | 2 | 2 | 1,722 | $229 | - |
A 30 Haig Drive Sold | $519,000 | 2 | 2 | 1,647 | $315 | 0.7 mi |
B 8 La Ronda Drive Sold | $490,000 | 3 | 2 | 1,581 | $310 | 0.7 mi |
C 185 Kavenish Drive Sold | $570,000 | 3 | 3 | 1,724 | $331 | 0.7 mi |
D 32 La Ronda Active | $459,000 List Price | 2 | 2 | 1,554 | $295 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1973, this property is in entirely original condition and is marketed as a 'fixer' requiring a full makeover. The kitchen and bathrooms feature 50-year-old cabinetry, laminate countertops, and dated appliances. The interior is characterized by aged wall-to-wall carpeting, popcorn ceilings, and extensive mirrored walls, all of which require substantial rehabilitation and modernization to meet current luxury standards.
The property boasts premier vistas within the Desert Island community, featuring floor-to-ceiling glass that captures the lake, emerald fairways, and mountains from nearly every room.
Located in the prestigious Desert Island enclave, offering 110 acres of lush grounds, high-level security, and a resort-style living environment.
As a 'fixer' with strong architectural bones, this unit presents a rare opportunity for a visionary to renovate and build immediate equity in a luxury market.
The property features original 1973 finishes and is in need of a complete aesthetic and functional overhaul to meet modern luxury standards.
The monthly association fee of $1,638 is substantial and may impact the overall budget for buyers sensitive to high recurring overhead.
Due to its age and original condition, the unit likely requires updates to core systems such as electrical, plumbing, and HVAC during the remodeling process.
Perched above the shimmering lake and emerald fairways, 899 Island Dr #408 offers the best views in the entire Desert Island community--and a leading lady ready for her comeback.Meet your new home: a once-glamorous desert debutante who has gracefully aged out of her prime and is now eagerly awaiting the right visionary to guide her through a dazzling makeover. Her bones are strong, her presence undeniable--and her panoramic lake, golf course, and mountain views are nothing short of breathtaking. All she needs is someone to bring her beauty back to full brilliance.Step inside and you'll feel the nostalgia of a bygone era: original finishes, retro charm, and spaces that whisper stories of cocktail parties at sunset. With floor-to-ceiling glass capturing postcard-worthy vistas from nearly every room, she offers a stage perfectly set for modern luxury to take center stage.The generous floor plan provides endless creative potential--open it up, elevate it, reimagine it. Whether you lean into mid-century glamour or create a sleek contemporary retreat, this is a rare opportunity to transform a true classic into a showstopper.Located in the guard-gated Desert Island enclave, residents enjoy resort-style amenities including sparkling pools, spa, tennis courts, fitness, and meandering walking paths across 110 acres of lush, lake-surrounded grounds.Bring your imagination, your design vision, and your flair for transformation--this debutante is ready for her grand re-entrance into Rancho Mirage luxury living.
No exterior & parking available.
Grades K-5 • 1.8 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 | 45% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,722 | 1,770 | 47% |
| Lot Size | 2,178 | 2,614 | 46% |
| Price | $500.0K | $570.0K | 31% |
| Price per sq ft | $290 | $324 | 33% |
| Built year | 1973 | 1979 | 7% |
| HOA | $1638.0 | $839 | 90% |
| Days on market | 129 | 153 | 41% |
Feb 16, 2026
$500,000
$525,000
-5% Price Drop
Initial Listing
Dec 15, 2025
$525,000
Initial Listing
Dec 24, 2002
$250,000
Public Record