900 Island Drive 304, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 3 bath
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Rancho Mirage, California 92270
This Spacious Condominium represents a High-Potential Investment Opportunity, listed at $875,000—positioned above the $857,028 Fair Market Value by 2%. While the property carries a Condition Rating of 3, it offers significant value through its rare 2,609 sqft floor plan and Panoramic Mountain and Lake Views. Despite the high association fees, the resort-style amenities and proximity to James Earl Carter Elementary provide long-term stability. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium, customizable desert residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 900 Island Drive 304 Subject | $875,000* List Price | 3 | 3 | 2,609 | $328 | - |
A 47 Columbia Drive Sold | $850,000 | 3 | 3 | 2,668 | $319 | 0.4 mi |
B 900 Island Drive 207 Sold | $650,000 | 2 | 2 | 1,855 | $350 | 0.0 mi |
C 230 N Kavenish Drive Sold | $680,000 | 3 | 3 | 2,372 | $287 | 0.3 mi |
D 910 Island Drive 109 Sold | $650,000 | 2 | 3 | 2,445 | $266 | 0.2 mi |
E 26 Stanford Drive Sold | $825,000 | 3 | 3 | 2,861 | $288 | 0.5 mi |
F 899 Island Drive 402 Sold | $875,000 | 3 | 3 | 2,325 | $376 | 0.1 mi |
G 14 Columbia Drive Sold | $744,900 | 2 | 3 | 2,359 | $316 | 0.4 mi |
H 899 Island Drive 304 Active | $750,000 List Price | 3 | 3 | 2,325 | $323 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1975 but features a renovated kitchen with stainless steel appliances and stone countertops (estimated 10-15 years old). The property is well-maintained, functional, and move-in ready, though some elements like the mirrored wet bar and built-in cabinetry are slightly dated.
Situated in the exclusive Desert Island community, the property offers a rare lakefront lifestyle in the Coachella Valley, complete with 24-hour guard-gated security and resort-style amenities.
With 2,609 square feet of living area, this rarely available three-bedroom floor plan provides a level of scale and spaciousness that is highly competitive for the Rancho Mirage condominium market.
The third-floor elevation captures exceptional north-facing mountain vistas, shimmering lake views, and lush golf course greenery, enhancing the property's tranquility and aesthetic value.
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 monthly association fee of $1,735 is significantly high, which may deter buyers sensitive to ongoing monthly overhead and impact the property's long-term investment yield.
Built in 1975, the property is positioned as an opportunity to be 'reimagined,' suggesting that the interior may require additional capital investment to meet modern luxury standards.
Rarely available three-bedroom, three-bath residence in one of Rancho Mirage's most distinctive communities. Perched on the third floor, this spacious home enjoys beautiful north-facing mountain views and one of the community's rarest floor plans.Surrounded by a shimmering lake, Desert Island offers a setting unlike any other in the Coachella Valley. Residents enjoy fishing and pedal boating on the lake, lush landscaped grounds, 24-hour guard-gated security, tennis and pickleball courts, a fitness center, pools and spas, all adjacent to the Desert Island Country Club Golf Course.Ideally located in the heart of Rancho Mirage, just moments from dining, shopping, entertainment, and Eisenhower Medical Center, Desert Island is known for its peaceful atmosphere, exceptional privacy, and timeless appeal.Whether enjoyed as it is or thoughtfully reimagined over time, this rare offering presents an exceptional opportunity to own one of Desert Island's coveted residences. Exceptional offering.
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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,609 | 1,830.5 |
| Lot Size | 3,049 | 3,049 |
| Price | $875.0K | $560.4K |
| Price per sq ft | $335 | $322 |
| Built year | 1975 | 1977 |
| HOA | $1735.0 | $860 |
| Days on market | 2 | 73 |
Jul 20, 2026
$875,000
Initial Listing
Apr 11, 2022
$799,000
Public Record
Oct 28, 2002
$370,000
Public Record