48
Map
$1,000,000
↓ $200K (16.7%)
●
House -
For Sale
71519 Biskra Road
Rancho Mirage, CA 92270
4 Beds
1 Bath
2,645 Ft²
$4,911
Est. Monthly
About This Property
HUGE $200,000.00 PRICE REDUCTIONClassic Mid-Century home in the
highly sought after Magnesia Falls Cove in Rancho Mirage. In
probate but approved for sale now. Four bedrooms and three baths in
2645 sqft of living area, plus two car garage on a south facing,
13,000+ sqft, mountain view, lot.Huge rear facing windows
accentuate the mid century design with multiple sliders to private
rear yard from living, kitchen, master and fourth bedroom.
Fireplace in living area as well as tile floors throughout the
home. The kitchen was remodeled years ago as well as the master
bath. The rear yard is magnificent with large pool, built in
BBQ and gas fire pit area. The home is equipped with both central
heating and A/C as well as wall A/C units in three rooms. There is
a large(54 panels) leased solar system which is payable at
approximately $384/mo. The home is in need of updating, but well
worth the effort for the right buyer. The estate is not able to do
any repairs and repairs will be needed, Buyers to perform all due
diligence prior to offer. No blind offers.
Unit Size
2,645 Ft²
Days on Market
96 days
Land Size
0.30 acres
Price per sqft
$378
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1958
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 27 days ago (CRMLS #219150516DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 25, 2026 | Price Decreased |
$1,000,000
↓ $200K
(16.7%) | |
| Price Decreased | |||
| Jul 20, 2026 | Listed by Desert Elite Properties, Inc. | $1,200,000 | |
| Listed by Desert Elite Properties, Inc. | |||
| Jun 18, 2025 | Listed | $1,299,000 | |
| Listed | |||
| | |||
|
Classic Mid-Century home in the highly sought after Magnesia Falls Cove in Rancho Mirage. Four bedrooms and three baths in over 2600 sqft of living area, plus two car garage on a south facing mountain view,13,000+ lot.Huge rear facing windows accentuate the mid century design with multiple sliders to rear yard from living, kitchen, master and fourth bedroom. Fireplace in living area as well as tile floors throughout the home. The kitchen has been remodeled as well as the master bath. Home has been recently painted inside and out. The rear yard is magnificent with large pool, built in BBQ and gas fire pit area. The home is equipped with both central heating and A/C as well as wall A/C units. There is a large solar system which is leased.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Driveway, Garage, Garage Door Opener
Garage Spaces: 2
Interior Details
Full Bathrooms: 1
Interior Features: Beamed Ceilings, Open Floorplan, Walk-In Closet(s), BreakfastArea, SeparateFormalDiningRoom, PrimarySuite
Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater
Flooring Type: Concrete, Tile
Door Features: Sliding Doors
Has Fireplace
Fireplace Features: Gas, Living Room
Exterior Details
Square Footage: 2645
Square Footage Source: $0
Property Condition: Fixer
Year Built Source: Assessor
Year Built: 1961
Levels: One
Construction Materials: Plaster, Stucco
Patio and Porch Features: Covered, Concrete
Pool Features: Gunite, In Ground, Private
Pool is Private
Lot Features: DripIrrigationBubblers, SprinklersTimer, SprinklerSystem
Lot Size Area: 13068
Lot Size Units: Square Feet
Lot Size Acres: 0.3
Lot Size Square Feet: 13068
Utilities Details
Cooling Type: Central Air, Wall/Window Unit(s)
Heating Type: Forced Air, Heat Pump, Natural Gas
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Rancho Mirage
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$8,000 /mo
- 3 Beds
- 2 Baths
- 2,534 ft²
$6,950 /mo
- 2 Beds
- 1,626 ft²
Listed by: William Taylor, Desert Elite Properties, Inc.
Last Updated: 27 days ago
Data Source: CRMLS, MLS# 219150516DA
Last Updated: 27 days ago
Data Source: CRMLS, MLS# 219150516DA
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