ActiveResidential · sale

16 Cornell Drive

Rancho Mirage, CA 92270

$1,299,000

  • 3 beds
  • 3 baths
  • 3,104 sq ft
  • 0.16 acres
  • Built 1979

Listed by Equity Union · MLS #219152573DA

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PROPERTY QUESTIONS & SHOWINGS

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16 Cornell Drive, Rancho Mirage, CA 92270 · MLS #219152573DA

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A FEW THINGS TO NOTICE

What stands out.

Additional spaces

The second primary suite also enjoys mountain views and opens to a large, private Saltillo-tile front patio.The third bedroom offers exceptional flexibility and can easily function as a media room, guest suite, or additional living space, with direct access to the front patio.

Year built

Built in 1979.

Garage parking

2 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

This is a rare opportunity to own an exceptional view home with a private pool and spa in the prestigious Springs Country Club. Offering more than 3,000 square feet of living space, this expanded Broadmoor floor plan features three bedrooms, three bathrooms, and a versatile den, all situated on an oversized, exceptionally private lot with abundant outdoor living space. From the moment you enter, the dramatic formal living and dining room makes a lasting impression, showcasing soaring ceilings, a stylish wet bar, expansive gallery walls, and breathtaking mountain views. The home has been thoughtfully renovated with light hardwood flooring, quartz countertops, and updated lighting, creating a fresh, sophisticated aesthetic throughout. A permitted extension off the dining room provides a versatile sitting room or den, highlighted by an oversized skylight and direct access to the pool and outdoor living areas. The spacious chef's kitchen features stainless steel appliances, quartz countertops, a subway tile backsplash, ample cabinetry, and an adjoining morning room--perfect for casual dining or enjoying your morning coffee. One of the most desirable features of this floor plan is the dual primary suites. Both offer generous walk-in closets and beautifully appointed bathrooms with large tiled sunken showers and overhead skylights. The rear-facing primary suite is a true retreat, offering spectacular, unobstructed mountain views overlooking the private PebbleTec pool and beautifully landscaped grounds. The second primary suite also enjoys mountain views and opens to a large, private Saltillo-tile front patio.The third bedroom offers exceptional flexibility and can easily function as a media room, guest suite, or additional living space, with direct access to the front patio. The third bathroom has been completely renovated with a stylish mid-century-inspired tile shower and contemporary floating vanity. Outside, the private backyard is designed for enjoying the quintessential desert lifestyle, with a sparkling PebbleTec pool and spa, mature desert landscaping, and dedicated gas hookup for an outdoor grill or heater. Residents of The Springs Country Club enjoy a social membership included in the monthly HOA dues, with access to the fitness center, racquet sports, bocce, clubhouse, Oasis Cafe, and golf practice facilities. The community also features 24-hour guard-gated security and an enviable Rancho Mirage location directly across from Eisenhower Medical Center.

Upcoming open houses

–9:00 pm · Confirm the schedule with the listing team.

THE NEIGHBORHOOD

Explore the location.

16 Cornell Drive, Rancho Mirage, CA 92270

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Map position comes from the listing source. Open directions in Google Maps

LOCAL MARKET CONTEXT

Riverside County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$609,275Down 0.3% vs. the previous 12 months
Months of supply4.112-month average
Days on market5312-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1979
Full baths
3
Half baths
0
Garage spaces
2
Cooling
CentralAir,Zoned
Heating
ForcedAir,Fireplaces,NaturalGas,Zoned
Appliances
Dishwasher,ElectricCooktop,Microwave,Refrigerator,VentedExhaustFan
Flooring
Tile,Wood
Fencing
Brick
Pool
Yes
Pool features
InGround,Pebble,Private
Spa
No
Subdivision
The Springs C.C.
Parcel
688260005
HOA
he Springs Community Association; Association
HOA amenities
BocceCourt,Clubhouse,ControlledAccess,FitnessCenter,GolfCourse,GameRoom,Insurance,LakeOrPond,Sauna,Security,TennisCourts,CableTv
HOA fee frequency
Monthly
HOA fee
$1,826.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$5,412.50
Cap rate

Annual operating income:

HOA: Includes $1,826.00 per month in HOA dues, converted from the $1,826.00 monthly fee reported by the listing source.

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #219152573DA · California Regional MLS

Listing brokerage: Equity Union
Listing agent: Logan McPeak

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.