9 Lakeshore Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 3 bath
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Rancho Mirage, California 92270
This Spacious Waterfront Condominium is a Prime Investment Opportunity listed at $745,000—positioned well below the $764,334 Fair Market Value by 2%. This valuation gap offers $19,334 in Instant Equity for buyers. While maintaining a Condition Rating of 4, the expansive 2,625 sq. ft. layout features dual primary suites, a private dock, and panoramic lake views. Located within the Palm Springs Unified district, residents enjoy 11 pools and premier racquet facilities. This is an ideal acquisition for Owner-Occupants or Secondary Home Buyers seeking a value-add resort lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9 Lakeshore Drive Subject | $745,000* List Price | 3 | 3 | 2,625 | $291 | - |
A 169 Lake Shore Drive Sold | $839,000 | 3 | 3 | 2,417 | $347 | 0.1 mi |
B 24 Columbia Drive Sold | $699,000 | 3 | 3 | 2,517 | $278 | 0.8 mi |
C 41 Don Quixote Drive Sold | $670,000 | 3 | 3 | 1,995 | $336 | 0.9 mi |
D 261 Kavenish Drive Sold | $635,000 | 3 | 3 | 2,603 | $244 | 0.7 mi |
E 265 Kavenish Drive Sold | $740,000 | 2 | 3 | 2,314 | $320 | 0.8 mi |
F 165 Lake Shore Drive Active | $649,000 List Price | 3 | 3 | 1,813 | $358 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, the property is well-maintained and move-in ready but shows significant signs of being outdated. The kitchen retains older white cabinetry, tile countertops, and fluorescent box lighting, despite a new refrigerator. Bathrooms feature original 1980s-style tile and fixtures. While the home is functional and clean, it lacks the modern renovations required for a higher rating, fitting the criteria for a property built 25-40 years ago with no major recent updates.
The property features a private dock and direct lake access, allowing for electric boating and kayaking right from the backyard with stunning panoramic lake and mountain views.
Residents enjoy access to an extensive array of community facilities, including 11 pools, 10 tennis courts, and 4 pickleball courts, providing an unparalleled active lifestyle.
The generous 2,625 sq. ft. floor plan includes two primary suites with oversized bathrooms and soaking tubs, offering exceptional privacy and luxury for owners and guests.
The monthly association fee of $1,031 is significant and may impact the overall affordability and appeal for budget-conscious buyers.
Built in 1985, the home features a step-down living room and older design trends that may require further modernization to meet contemporary open-concept preferences.
Lake Mirage is a fabulous community with just 238 homes/condos. This spectacular condo is 2625 sq. ft. with 2 primary suites with oversized bathrooms. Each bath has soaking tub, nice shower, double sinks and a separate toilet area. From the entry, step down into the living room that is very spacious with a fireplace and a wet bar. The kitchen features a brand new refrigerator, just installed in Oct. along with a new garbage disposal at the island sink with a new faucet. You can entertain your family and friends on the beautiful patio on the water or down on the dock. The community allows small electric boats on the lake or you can take a kayak or canoe out there for some great exercise! The condo has an attached 2 car garage with direct access into the home. There are 11 pools, 10 tennis courts and 4 pickleball courts. They have a clubhouse that you can use for meetings or a special occasion. Come take a look at this fabulous, spacious home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 64% |
| Square foot | 2,625 | 1,798 | 92% |
| Lot Size | 5,544 | 2,614 | 85% |
| Price | $745.0K | $574.0K | 84% |
| Price per sq ft | $284 | $324 | 27% |
| Built year | 1985 | 1979 | 74% |
| HOA | $1031.0 | $839 | 80% |
| Days on market | 49 | 153 | 4% |
Mar 5, 2026
$745,000
Initial Listing