900 Island Drive 304, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 3 bath
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Rancho Mirage, California 92270
This High-Potential Investment Opportunity is listed at $879,000, positioned above the $737,558 Fair Market Value. While the property requires cosmetic updates, its Condition Rating of 4 is offset by the rare Fee Land Ownership and expansive Panoramic Views. The residence features a Remodeled Granite Kitchen and a versatile floor plan, offering significant upside for value-add renovations. Located in a premier desert community with extensive amenities, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to customize a high-end desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 900 Island Drive 304 Subject | $879,000* List Price | 3 | 3 | 2,609 | $283 | - |
A 24 Columbia Drive Sold | $699,000 | 3 | 3 | 2,517 | $278 | 0.3 mi |
B 26 Stanford Drive Sold | $825,000 | 3 | 3 | 2,861 | $288 | 0.5 mi |
C 900 Island Drive 207 Sold | $650,000 | 2 | 2 | 1,855 | $350 | 0.0 mi |
D 14 Columbia Drive Sold | $744,900 | 2 | 3 | 2,359 | $316 | 0.4 mi |
E 910 Island Drive 109 Sold | $650,000 | 2 | 3 | 2,445 | $266 | 0.2 mi |
F 149 E Kavenish Drive Sold | $625,000 | 3 | 3 | 2,136 | $293 | 0.2 mi |
G 47 Columbia Drive Pending | $949,000 List Price | 3 | 3 | 2,668 | $356 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1975 with a kitchen renovation that appears to be 15-25 years old (oak cabinetry and granite). While the electrical panel is recently updated, the listing explicitly states the home needs new flooring, paint, and bathroom updates, making it a dated but functional property requiring minor repairs.
The north-facing residence features an expansive balcony with panoramic views of the lakes, mountains, and golf course, accessible from every bedroom and the main living area.
Unlike many properties in the Coachella Valley, this home is situated on fee land, meaning the owner holds full title to the land with no monthly land lease payments.
The kitchen has been thoughtfully remodeled with warm oak cabinetry, granite countertops, and stainless steel appliances, providing a solid foundation for the home's interior.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3049, other record lot size in square feet = 2504.
The property requires updates to the flooring, paint, and bathrooms to bring it up to modern luxury standards and maximize its market value.
At $1,638 per month, the HOA dues are significant, which may impact the budget of some buyers despite covering several major utilities and amenities.
Rare three-bedroom, three-bath residence at Desert Island offering approximately 2,609 square feet of spacious, lock-and-leave living in one of Rancho Mirage's most distinctive communities. This north-facing home enjoys a coveted shaded balcony with sweeping views of the lakes, mountains, golf course, and lush surrounding landscape. Every bedroom and the main living spaces open directly to the expansive balcony, creating a seamless connection to the outdoors and an inviting setting for morning coffee, evening entertaining, or simply enjoying the view.The thoughtfully remodeled kitchen features warm oak cabinetry, granite countertops, stainless steel appliances, and a recently updated electrical panel. While the home would benefit from new flooring, paint, and bathroom updates, the major spaces are already in place, presenting an exceptional opportunity to customize and add value without undertaking a complete renovation.The flexible floor plan offers the space and versatility, with room for guests, a home office, or extended stays. Whether you're seeking a full-time residence, part-time retreat, or investment in one of the desert's most unique communities, this home delivers both comfort and potential.Unlike many desert properties, this residence is located on fee land, meaning you own the land outright with no land lease payments.Desert Island is a private island oasis in the heart of the Coachella Valley, surrounded by water, fairways, and panoramic mountain views. Residents enjoy 24-hour guard-gated security, on-site management, walking paths, fruit trees, tennis and pickleball courts, heated pools and spas, pedal boating, catch-and-release fishing, and beautifully maintained park-like grounds.Additional features include a dedicated garage parking space, private storage locker, and abundant guest parking. HOA dues cover central air conditioning, water, gas, trash, Spectrum cable television, Wi-Fi internet, landscaping, exterior maintenance, and on-site management.With summer renovation season approaching and very few three-bedroom opportunities available at Desert Island, this is a rare chance to create a personalized desert retreat in an iconic Rancho Mirage setting.
No exterior & parking available.
Grades K-5 • 1.9 mi
Grades K-5 • 2.6 mi
Grades 6-8 • 2.9 mi
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 | 2,609 | 1,770 | 92% |
| Lot Size | 3,049 | 2,178 | 63% |
| Price | $879.0K | $570.0K | 92% |
| Price per sq ft | $337 | $324 | 57% |
| Built year | 1975 | 1979 | 34% |
| HOA | $1638.0 | $830 | 90% |
| Days on market | 8 | 152 | 1% |
May 29, 2026
$879,000
Initial Listing
Apr 11, 2022
$799,000
Public Record
Oct 28, 2002
$370,000
Public Record