40851 Bob Hope Drive, Rancho Mirage, California 92270, Rancho Mirage, - bed, bath
ACTIVE$799,000
40851 Bob Hope Drive, Rancho Mirage, California 92270
3Beds
3Baths
1,295Sqft
7,841Lot
Year Built
1956
Close
-
List price
$799K
Original List price
$1.07M
Price/Sqft
-
HOA
$280
Days on market
-
Sold On
-
MLS number
25500223PS
Home ConditionExcellent
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
This home was originally intended to be the seller's personal mid-century retreat in the desert. With that vision in mind, they spared no expense investing over six figures into a full renovation that transformed the entire property. Though their plans shifted to another area, the quality and care remain. From top to bottom, the home has been thoughtfully reimagined for comfort, design, and style. Be sure to view the before-and-after photos they tell the story best.
Nearby schools
6/10
Rancho Mirage Elementary School
Public,•K-5•1.0mi
3/10
Nellie N. Coffman Middle School
Public,•6-8•3.8mi
5/10
Rancho Mirage High
Public,•9-12•5.0mi
4/10
Desert Learning Academy
Public,•K-12•7.9mi
Price History
Date
Event
Price
08/22/25
Price Change
$799,000
02/19/25
Listing
$1,069,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (248 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 3 | 3 | 50% |
| Square foot | 1,295 | 2,950 | 2% |
| Lot Size | 7,841 | 10,454 | 31% |
| Price | $799K | $1.12M | 22% |
| Price per square foot | $617 | $416 | 82% |
| Built year | 1956 | 2000 | 2% |
| HOA | $280 | $8,800 | 3% |
| Days on market | 258 | 194 | 80% |
Condition Rating
Excellent
Despite being built in 1956, the property has undergone a stated 'full renovation' with 'over six figures' invested, transforming the entire home. The images confirm this, showcasing a virtually new and modern interior with high-quality finishes. The kitchen features sleek wood-grain cabinetry, white solid-surface countertops, and modern appliances. Bathrooms appear equally updated with contemporary vanities and fixtures. Terrazzo-style flooring is consistent throughout, and lighting, paint, and overall aesthetics are pristine, reflecting a recent and comprehensive update that meets current quality standards.
Pros & Cons
Pros
Comprehensive High-End Renovation: The property has undergone an extensive, six-figure renovation, transforming the entire home with a focus on comfort, design, and style, offering a move-in ready experience.
Desirable Mid-Century Modern Aesthetic: Originally conceived as a mid-century retreat, the home retains and enhances this highly sought-after architectural style, appealing to a strong niche market.
Prime Rancho Mirage Location: Situated in Rancho Mirage, a prestigious desert community known for its luxury lifestyle, amenities, and strong real estate values.
Scenic Mountain Views: The property boasts desirable mountain views, enhancing its aesthetic appeal and overall value.
Efficient Layout with Multiple Baths: With 3 bedrooms and 3 bathrooms within 1295 sqft, the home offers an efficient and well-appointed layout, providing ample facilities for residents and guests.
Cons
Substantial Price Reduction: The significant price drop from the original list price ($1.069M to $799K) may raise buyer questions regarding initial overpricing or market perception, potentially causing hesitation.
Compact Square Footage: At 1295 sqft, the interior living space is relatively compact for a 3-bedroom home in this price range, which might limit appeal to buyers seeking larger residences.
Ongoing Association Fees: The $280 monthly association fee adds to the cost of ownership, which could be a deterrent for some buyers, particularly those accustomed to single-family homes without HOA dues.