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Bedrooms
Sold for $1,575,000 · Jun 2023
SOLDListed at $1,600,000
Rancho Mirage, CA
MLS# 219093907PS
Scott Timberlake
Listing Agent
Realty Trust
DRE #: 01257645
Brokerage: Realty Trust
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Bedrooms
0
Bathrooms
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Square Feet
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Year Built
2.41 acres
Lot Size
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Price/Sq Ft
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Garage Spaces
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HOA
Property
Property Type
Exceptional 2.41 Acre Estate size Lot (s) with amazing views all around it. Large flag lot, Driveway and gate are in place. This expansive parcel is located in a well developed high end neighborhood offering homes for sale on smaller lots for $5M and more. This development offers a variety of options that can be adapted to suit a wide range of purposes. Property is zoned for low density RL2 (2 Units per Acre) and can accomodate with city review and approval 1-4 homes . The center is beautifully surrounded by an abundance of well established, mature Date Palms. This building opportunity is perfectly situated to capture the serene mountain views. Set back from the street (Flag Lot) , the privacy is excellent and the sought after location (mostly fully developed with high end residences)) provides easy access to golf courses, schools, retail , shopping , casual and renowned restaurants, healthcare, and the I 10 freeway. Many recently permitted estates in the area provide a wide variety of options. Hugh Kaptur, Mid-Century Modern Architect , recently designed a 3,500 sf home to compliment the site that can be made available with the famed architects approval and consent His plan can be expanded and modified in many ways. In street connections for Gas, Electric, sewer and Water with city/metered equipment. SELLER FINANCING AVAILABLE TO QUALIFIED BUYERS. Seller to retain approximately 3,520 sf in front of the lot for private driveway access.
Listing description from the June 2023 sale, as reported to CRMLS.
Earthquake data is shown from a real public source (USGS)
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1 recorded sale
71246 Lot Cypress Lane sold for $1,575,000 in June 2023, 1.6% under its $1,600,000 list price, after 46 days on the market. Across 388 closed sales in 92270 over the last 12 months, the median sold price is $849,500 and the median is $372 per square foot.
| Quarter | Closed sales in 92270 | Median sold price |
|---|---|---|
| Q1 2026 | 43 | $765,000 |
| Q2 2026 | 213 | $860,000 |
| Q3 2026 | 121 | $840,000 |
| Q4 2026 | 11 | $615,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Rancho Mirage · Homes for sale in 92270
Closed sales reported in 92270, nearest first, last 12 months. All recent sales in Rancho Mirage →
71246 Lot Cypress Lane
Contact Scott Timberlake
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Contact Listing Agent
Realty Trust
DRE #01257645
Contact information is not available for this listing.