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24 Racquet Club Drive, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 3 bed, 3 bath

24 Racquet Club Drive, Rancho Mirage, California 92270 home-pic-0
ACTIVE$695,000
24 Racquet Club Drive, Rancho Mirage, California 92270
3Beds
3Baths
2,149Sqft
8,276Lot

Price Vs. Estimate

The estimated value ($453,516.25) is $241,483.75 (34%) lower than the list price ($695,000). This property may be overpriced.

Key pros and cons

Top Pros:
Spectacular Lakefront & Panoramic Views: The property boasts exceptional lakefront positioning with spectacular, panoramic views of the lake, fountain, and mountains from key living areas and the primary suite, significantly enhancing its appeal.
Top Cons:
Significant Valuation Discrepancy: The current listing price of $695,000 is substantially higher than the estimated property value of $453,516.25, indicating a potential overpricing or a notable market discrepancy that may require justification.

Compared to the nearby listings

Price:$695.0K vs avg $1.08M ($-385,000)12%
Size:2,149 sqft vs avg 2,895.5 sqft21%
Price/sqft:$323 vs avg $42020%

More Insights

Built in 2001 (24 years old).
Condition: The property was built in 2001, making it 23 years old. While the description highlights quality features like granite kitchen counters, marble bathroom countertops, and a soaking tub, these finishes are characteristic of early 2000s construction. There is no mention of recent extensive renovations (within the last 5-15 years) that would elevate it to a 'Good' or 'Excellent' rating. The home appears well-maintained and functional, but its age and the style of its primary features suggest it is 'aged but maintained' and its major components, while functional, 'show signs of being outdated' by current design standards, aligning with the 'Fair' condition criteria.
Year Built
2001
Close
-
List price
$695K
Original List price
$695K
Price/Sqft
$323
HOA
$642
Days on market
-
Sold On
-
MLS number
219127599DA
Home ConditionFair
Features
Excellent View: Park/Greenbelt, Lake, Mountain(s), Panoramic
Patio
ViewPark/Greenbelt, Lake, Mountain(s), Panoramic

About this home

Lakefront with Spectacular Views, Great Curb Appeal, Popular Open Floor Plan and located near Mission Hills Country Club Sports Clubhouse. Enter through Gated Courtyard with outdoor living and mountain views. Entry Hall leads to Open Great Room with fireplace Kitchen and Dining area all with great views of the lake and fountain. Social Kitchen features granite counters and island with counter seating. Dining area and Entertainer's Bar overlook the lake views. Primary Suite has Retreat area overlooking the lake and Primary Bath featuring dual vanities with marble countertops, shower and a soaking tub. Extra large Primary Closet has custom built-ins. Guest Suite is like a casita with a slider to the courtyard terrace, an ensuite bath and walk-in closet. Second Guest Bedroom and bath nearby give room for friends and family or an office. Outside are expansive lakefront terraces for dining and living and courtyard with mountain views. Mission Hills Country Club Sports Membership included in HOA (tennis, pickle ball, croquet, gym, social). Great value at this price - come home to your lakeside desert retreat!

Nearby schools

6/10
Sunny Sands Elementary School
Public,•K-5•2.4mi
6/10
Rancho Mirage Elementary School
Public,•K-5•3.9mi
3/10
Nellie N. Coffman Middle School
Public,•6-8•1.3mi
6/10
Cathedral City High School
Public,•9-12•1.5mi
5/10
Rancho Mirage High
Public,•9-12•1.7mi
4/10
Desert Learning Academy
Public,•K-12•5.5mi
Condition Rating
Fair
The property was built in 2001, making it 23 years old. While the description highlights quality features like granite kitchen counters, marble bathroom countertops, and a soaking tub, these finishes are characteristic of early 2000s construction. There is no mention of recent extensive renovations (within the last 5-15 years) that would elevate it to a 'Good' or 'Excellent' rating. The home appears well-maintained and functional, but its age and the style of its primary features suggest it is 'aged but maintained' and its major components, while functional, 'show signs of being outdated' by current design standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Spectacular Lakefront & Panoramic Views: The property boasts exceptional lakefront positioning with spectacular, panoramic views of the lake, fountain, and mountains from key living areas and the primary suite, significantly enhancing its appeal.
Inclusive Country Club Membership: A Mission Hills Country Club Sports Membership is included in the HOA, providing access to extensive amenities such as tennis, pickleball, croquet, gym, and social events, offering significant lifestyle value.
Desirable Open Floor Plan & Modern Kitchen: Features a popular open floor plan with an open great room and a social kitchen equipped with granite counters and an island with counter seating, ideal for entertaining and modern living.
Luxurious Primary Suite & Guest Accommodations: The primary suite includes a retreat area overlooking the lake, a primary bath with dual vanities, marble countertops, a shower, and a soaking tub, plus an extra-large closet with custom built-ins. A private guest suite with an ensuite bath and courtyard access offers excellent guest privacy.
Multiple Outdoor Living Spaces: Offers diverse outdoor living options including a gated courtyard with mountain views and expansive lakefront terraces for dining and relaxation, maximizing enjoyment of the desert climate.

Cons

Significant Valuation Discrepancy: The current listing price of $695,000 is substantially higher than the estimated property value of $453,516.25, indicating a potential overpricing or a notable market discrepancy that may require justification.
High Monthly HOA Fees: The monthly association fee of $642.00 is relatively high, which could be a considerable ongoing cost for potential buyers, despite the included club membership.
Absence of Private Pool/Spa: The property description does not mention a private pool or spa, which is a common and often expected amenity for homes in this price range and location, potentially impacting competitiveness against comparable properties.

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