899 Island Drive 408, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 2 bed, 2 bath

899 Island Drive 408, Rancho Mirage, California 92270 home-pic-0

899 Island Drive 408

Rancho Mirage, California 92270

ACTIVE
CONDITION: POOR
2Beds
2Baths
1,722Sq Ft
2,178Lot Size

Property Price

LIST PRICE$500,000

SUMMARY

Analysis of 899 Island Drive 408, Rancho Mirage, California 92270 is currently available with a list price of $500,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Rancho Mirage Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

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.

PROSSTRENGTHS & OPPORTUNITIES

  • Exceptional Panoramic Views

    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.

  • Exclusive Guard-Gated Community

    Located in the prestigious Desert Island enclave, offering 110 acres of lush grounds, high-level security, and a resort-style living environment.

  • Significant Value-Add Potential

    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.

CONSRISKS & DEFICIENCIES

  • Extensive Renovation Needed

    The property features original 1973 finishes and is in need of a complete aesthetic and functional overhaul to meet modern luxury standards.

  • High Carrying Costs

    The monthly association fee of $1,638 is substantial and may impact the overall budget for buyers sensitive to high recurring overhead.

  • Dated Infrastructure

    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.

About 899 Island Drive 408

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.

Property Details

Public Facts

Property Type
Condominium
Year Built
1973
Lot Size
2,178 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$1638.0 / Month

Neighborhood Insights

Rancho Mirage Unified Schools

Rancho Mirage Elementary School

Grades K-5 • 1.8 mi

6/10

James Earl Carter Elementary School

Grades K-5 • 2.7 mi

8/10

Nellie N. Coffman Middle School

Grades 6-8 • 2.9 mi

3/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot1,7221,813.5
46%
Lot Size2,1782,272.5
49%
Price$500.0K$537.5K
39%
Price per sq ft$290$307
41%
Built year19731979
5%
HOA$1638.0$835
92%
Days on market83158
17%

Pricing History

Listed for Sale

Feb 16, 2026

$500,000

$525,000

-5% Price Drop

Initial Listing

Price Change

Dec 15, 2025

$525,000

Initial Listing

Sold

Dec 24, 2002

$250,000

Public Record

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