900 Island Drive 313, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 2 bed, 2 bath
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Rancho Mirage, California 92270
This property presents a High-Potential Investment Opportunity with a List Price of $475,000—positioned well below the $485,846 Fair Market Value by 2%. This valuation gap offers $10,846 in Instant Equity. Featuring a Fair Condition Rating, the unit offers a spacious 1,855 sqft floor plan with panoramic golf course and mountain views. While the interior requires cosmetic modernization, the comprehensive HOA benefits make this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 900 Island Drive 313 Subject | $455,000 | 2 | 2 | 1,855 | $251 | - |
A 72460 Rodeo Way Sold | $390,000 | 2 | 2 | 1,851 | $211 | 0.8 mi |
B 16 Haig Drive Sold | $385,000 | 2 | 3 | 1,554 | $248 | 0.8 mi |
C 30 Haig Drive Sold | $519,000 | 2 | 2 | 1,647 | $315 | 0.7 mi |
D 8 La Ronda Drive Sold | $490,000 | 3 | 2 | 1,581 | $310 | 0.7 mi |
E 32 La Ronda Sold | $400,000 | 2 | 2 | 1,554 | $257 | 0.8 mi |
F 17 La Cerra Circle Sold | $389,960 | 3 | 2 | 1,581 | $247 | 0.7 mi |
G 72485 Roxbury Drive Sold | $450,000 | 3 | 3 | 1,922 | $234 | 0.7 mi |
H 900 Island Drive 106 Active | $549,000 List Price | 2 | 2 | 1,908 | $288 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1975 with renovations that appear to be over 20 years old. While the unit is exceptionally well-maintained and move-in ready, the kitchen and bathrooms are dated with older white appliances and mirrored walls. It fits the 'Fair' criteria as it is functional but requires cosmetic updates to meet modern standards.
As a third-floor end unit in the highly coveted Building 900, this property offers exceptional, unobstructed views of the lake, mountains, and golf course.
The HOA dues are remarkably inclusive, covering essential utilities like electricity (including AC), gas, water, and internet, alongside 24-hour security and extensive resort amenities.
The unit features an expansive 1,855 sqft open floor plan with high ceilings and floor-to-ceiling glass, maximizing natural light and the sense of space.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2613, other record lot size in square feet = 1847.
The monthly HOA fee of $1,638 is significant and may be a deterrent for buyers sensitive to high fixed monthly expenses.
Built in 1975, the unit and building infrastructure may require modernization or face higher maintenance needs compared to newer luxury developments in the area.
Stunning views from the third-floor end unit of the most sought after location (Building 900) in Desert Island Country Club. Lake, mountains and golf course views. Open floor plan, high ceilings, floor to ceiling glass, extra-large covered patio. Ample storage space in the unit with additional personal storage located in the underground parking garage. HOA dues include cable, wi-fi, water, gas, electrical (includes AC), building insurance, roof, 24-hour security, clubhouse, fitness center, pool, spa, tennis & pickleball courts, paddle boats and common area maintenance. Desert Island offers golf memberships and is centrally located for easy commute to Palm Springs and Palm Desert.
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 | 2.0 | 3.0 | 48% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,855 | 1,784 | 58% |
| Lot Size | 2,613 | 2,178 | 54% |
| Price | $455.0K | $567.5K | 26% |
| Price per sq ft | $245 | $323 | 11% |
| Built year | 1975 | 1979 | 35% |
| HOA | $1638.0 | $834 | 89% |
| Days on market | 35 | 158 | 2% |
May 11, 2026
$475,000
Initial Listing
May 22, 2008
$404,000
Public Record
Apr 28, 2006
$400,000
Public Record
Aug 2, 1996
$285,000
Public Record
Feb 17, 1995
$21,500
Public Record