ActiveResidential · sale

39 Mirage Cove Drive

Rancho Mirage, CA 92270

$1,495,000

  • 3 beds
  • 3 baths
  • 2,734 sq ft
  • 0.21 acres
  • Built 1985

Listed by Compass · MLS #26986733PS

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PROPERTY QUESTIONS & SHOWINGS

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39 Mirage Cove Drive, Rancho Mirage, CA 92270 · MLS #26986733PS

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

A covered dining patio creates an inviting setting for outdoor meals and gatherings.

Year built

Built in 1985.

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.

Offered for the first time since serving as the original model home for Mirage Cove more than 40 years ago, this exceptional property occupies a commanding position at the top of the gated hillside community. Tucked against the mountains and canyons of south Rancho Mirage, just south of the Ritz Carlton, the setting feels remarkably private almost like a personal mountaintop retreat while expansive jetliner views extend across the Coachella Valley. Soaring ceilings, skylights and travertine tile enhance the bright, generously scaled interiors. The large kitchen features new stainless-steel appliances and a sunny breakfast nook, while expansive entertaining spaces open through sliders to private patios on three sides of the home, each capturing its own splendid view. A covered dining patio creates an inviting setting for outdoor meals and gatherings. The spacious bedrooms each have an en suite or adjacent bathroom, and the exceptional primary suite looks directly toward dramatic mountain peaks in both the foreground and the distance, an unforgettable view to wake up to each morning. The private outdoor retreat centers around an updated full-size PebbleTec pool and spa, with gorgeous fountains and a paving-stone pool deck set against sweeping mountain and valley vistas. Additional features include newer air-conditioning systems, updated electrical, a separate laundry room, abundant guest parking and a large garage with generous storage. Mirage Cove residents enjoy tennis and pickleball within the community, along with a coveted location just off Highway 111 between Frank Sinatra and Country Club drives minutes from acclaimed restaurants, shopping and the desert's premier country clubs. Carefully maintained by owners who have loved the property for more than four decades, this is a home and setting that must be experienced to be fully appreciated.

THE NEIGHBORHOOD

Explore the location.

39 Mirage Cove Drive, Rancho Mirage, CA 92270

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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
1985
Full baths
3
Half baths
0
Garage spaces
2
Heating
Central
Appliances
Dishwasher,Disposal,Microwave,Refrigerator
Flooring
Tile
Fencing
StuccoWall,WroughtIron
Pool
Yes
Pool features
Private,Association
Spa
Yes
Subdivision
Mirage Cove
Zoning
PUDA
Parcel
689080039
HOA amenities
Pool,TennisCourts
HOA fee frequency
Monthly
HOA fee
$700.00

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$6,229.17
Cap rate

Annual operating income:

HOA: Includes $700.00 per month in HOA dues, converted from the $700.00 monthly fee reported by the listing source.

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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

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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 #26986733PS · California Regional MLS

Listing brokerage: Compass
Listing agent: Scott Ehrens

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.