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Sold for $1,575,000 · Jun 2023

SOLD

Listed at $1,600,000

Sold

71246 Lot Cypress Lane, Rancho Mirage, CA 92270

Rancho Mirage, CA

MLS# 219093907PS

Property
46 days on market

Listing Agent

Scott Timberlake

Listing Agent

Realty Trust

DRE #: 01257645

Brokerage: Realty Trust

Property Details

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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

Description

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.

Facts & Features

Details

View
Desert, Mountains

Sale history for 71246 Lot Cypress Lane

1 recorded sale

$1,575,000
Sold June 2023 · listed $1,600,000, on market April 2023, 46 days on market · MLS #219093907PS · Source: CRMLS
Listing Agent: Scott Timberlake · Listing Office: Realty Trust · Contact: (760) 327-8000 · Bought with: Doug Balog · Compass

How this sale compares

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.

$372
92270 median per sq ft (12 mo)
$849,500
92270 median sold price (12 mo)
388
Closed sales in 92270 (12 mo)
46
Days on market
−1.6%
Sold vs. list price
QuarterClosed sales in 92270Median sold price
Q1 202643$765,000
Q2 2026213$860,000
Q3 2026121$840,000
Q4 202611$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

Recent sales near 71246 Lot Cypress Lane

Closed sales reported in 92270, nearest first, last 12 months. All recent sales in Rancho Mirage →

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