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26 Calle La Reina, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 4 bed, 4 bath

26 Calle La Reina, Rancho Mirage, California 92270 home-pic-0
ACTIVE$1,149,000
26 Calle La Reina, Rancho Mirage, California 92270
4Beds
4Baths
2,363Sqft
10,019Lot
Year Built
2002
Close
-
List price
$1.15M
Original List price
$1.3M
Price/Sqft
$486
HOA
$280
Days on market
-
Sold On
-
MLS number
219121489DA
Home ConditionExcellent
Features
Excellent View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.15M(55th), sqft - 2363(29th), beds - 4(64th), baths - 4(54th).

Amazing opportunity for one of the most sought-after floor plans in the desirable gated community of La Terraza. This open concept home features a double glass door entry, new flooring, 4 bedrooms including a casita with it's own entrance and bathroom. 4 baths, 3-car garage, formal dining area, a cozy fireplace in the living room, custom shutters, a beautiful pebbletec salt-water pool/spa with multiple spillways, a BBQ center, covered patio and lush landscape. The remodeled gourmet kitchen boasts a large island with quartz countertop, a bar/serving counter with room for 4-barstools, sink, dishwasher, and a beverage center. The kitchen also equipped with stainless steel appliances, double ovens, matching quartz counters, an additional breakfast nook, and lots of storage. The large primary suite has an oversized stone shower with dual shower heads, soaking tub, granite counters and a walk-in closet with built-ins.The La Terraza development is centrally located in Rancho Mirage and within walking and biking distance to shopping and dining. It's also in close proximity to Eisenhower Medical Center (1.5 miles), entertainment (McCallum Theatre, The River), and El Paseo.

Nearby schools

8/10
James Earl Carter Elementary School
Public,•K-5•1.2mi
7/10
Palm Desert High School
Public,•9-12•2.4mi
Condition Rating
Excellent
Built in 2002, this property has undergone extensive and high-quality renovations, particularly evident in the kitchen and bathrooms. The description highlights a 'remodeled gourmet kitchen' with quartz countertops, stainless steel appliances, double ovens, and a beverage center, all confirmed by images showing modern white shaker cabinets, a stylish green island, and contemporary fixtures. The primary suite boasts an 'oversized stone shower with dual shower heads, soaking tub, and granite counters,' presenting a luxurious and updated feel. New flooring and modern light fixtures throughout the living areas further contribute to a virtually new aesthetic. These significant updates bring the property's condition to current quality standards, aligning with the 'Excellent' criteria for a recently and extensively renovated home.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 2363.
Prime Location & Desirable Community: Located in the sought-after gated community of La Terraza Vintage Estates, offering central access to Rancho Mirage amenities, including walking/biking distance to shopping/dining, and close proximity to Eisenhower Medical Center, entertainment, and El Paseo.
Remodeled Gourmet Kitchen: The kitchen has been extensively remodeled, featuring a large island with quartz countertop, a bar/serving counter, stainless steel appliances, double ovens, a beverage center, breakfast nook, and abundant storage.
Exceptional Outdoor Living: The property boasts a beautiful pebbletec salt-water pool/spa with multiple spillways, a dedicated BBQ center, a covered patio, and lush landscaping, creating an ideal environment for relaxation and entertaining.
Private Guest Casita: Includes a detached casita with its own entrance and bathroom, providing excellent privacy and versatility for guests, a home office, or multi-generational living.
Luxurious Primary Suite: The large primary suite offers upscale features such as an oversized stone shower with dual shower heads, a soaking tub, granite counters, and a walk-in closet with built-ins.

Cons

Significant Overpricing: The current listing price is 31% above the estimated market value, indicating a potential disconnect with recent comparable sales and market expectations, which may affect buyer interest and negotiation leverage.
Potential for Further Updates: While some areas are updated (kitchen, flooring), the property may require additional cosmetic updates or renovations in other areas to fully align with the expectations of buyers at this price point, especially when compared to fully 'turnkey' remodeled homes.
High Monthly Association Fee: The $280 monthly association fee represents a notable ongoing cost that could be a consideration for potential buyers, particularly those comparing it to properties with lower or no HOA fees.

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