NOT LISTED FOR SALE

71845 Sahara Rd Rancho Mirage, CA 92270

Magnesia Falls Cove Neighborhood

Estimated Value: $1,455,000 - $2,367,000

3 Beds
4 Baths
3,510 Sq Ft
$577/Sq Ft Est. Value

Last Sold June 05, 2024

Last sale price $2,300,000 $655 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $11,875/month

117 Days on Market

Highlights

  • Guest House
  • Heated In Ground Pool
  • Primary Bedroom Suite
  • Art Studio
  • Casita
  • All Bedrooms Downstairs

About This Home

As of June 2024

''There's no place like home'... Welcome to this truly unique property steeped in history in the heart of beautiful Rancho Mirage. Built in 1939 as a retreat for Frank Morgan, 'The Wizard' in ''The Wizard of Oz'', this 1.2 ac estate in Magnesia Falls Cove has been graced by 'old Hollywood' royalty over the years. Recently the home of prominent interior designer, Craig Wright, the Hacienda exudes timeless charm & sophistication. Park-like grounds adorned w/native desert scape & citrus orchard, offer a serene oasis. Entertain on the covered patio or take a dip in the pool framed by swaying palms & majestic mountain views. The main hacienda boasts 3 Bedrooms each with en-suite Baths, featuring thick adobe walls. Gather in the living room or relax in the primary, both adorned w/wood-burning fireplaces. The kitchen is a chef's delight, equipped w/black slate countertops, spacious island & high-end S/S Viking & Subzero appliances. In addition to the main residence, a detached casita offers versatility as a 4th bedroom with a full bath, separate office, or inspiring art studio flooded with natural light. Detached 2 car garage provides ample parking & storage space. This historic home is meticulously maintained. New HVAC 2023, Water Heater, Water/Gas lines, New Patio 2021, ensure modern comfort while preserving its authentic charm. With its rich history, exquisite architecture & prime location, this property offers a rare opportunity to own a piece of Rancho Mirage heritage.

Last Agent to Sell the Property

Pamela Potalivo

Berkshire Hathaway HomeServices California Properties License #01108755 Listed on: 02/01/2024

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Clayton Baldwin

License #01741353

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,864

Year Built

  • Built in 1939

Lot Details

  • 1.2 Acre Lot
  • South Facing Home
  • Fenced
  • Sprinklers on Timer

Home Design

  • Hacienda Architecture
  • Spanish Architecture
  • Adobe Architecture
  • Plaster Walls
  • Tile Roof
  • Stone Exterior Construction
  • Adobe

Interior Spaces

  • 3,510 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Beamed Ceilings
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Art Studio
  • Mountain Views

Kitchen

  • Gas Range
  • Recirculated Exhaust Fan
  • Water Line To Refrigerator
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • All Bedrooms Down
  • Primary Bedroom Suite
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Circular Driveway

Pool

  • Heated In Ground Pool
  • Outdoor Pool

Outdoor Features

  • Covered patio or porch
  • Casita

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • No Interior Steps
  • Guest House
  • Ground Level

Community Details

  • Magnesia Falls Cove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 684422002

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,864

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces South
  • Levels: One
  • Building Number Of Stories: 2
  • Building Style: Adobe, Hacienda, Spanish
  • Casita Features Other: Full Bathroom
  • Disability Access: No Interior Steps
  • Entry Floor: 1
  • Entry Location: Ground Level w/Steps
  • Included In Sale: Refrigerator, Washer and Dryer, attached sconces, Antlers over Living Room and Primary Bedroom fireplaces.
  • List Price per Sq Ft: 654.99
  • Lp Sp Ratio: 1.0000
  • View Type: Mountain(s)
  • Year Built: 1939
  • Listing I D: 219109505
  • Listing Member Address: 74-990 Highway 111, Indian Wells, CA 92210
  • Listing Office Address: 74-990 Highway 111, Indian Wells, CA 92210
  • Selling Member Address: 79405 Hwy 111, Ste. 9-349, La Quinta, CA 92253
  • Selling Office Address: 79405 Hwy 111, Ste. 9-349, La Quinta, CA 92253
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Magnesia Falls Cove
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Exhaust Fan, Gas Range, Refrigerator, Washer, Water Line to Refrigerator
  • Fireplace: Yes
  • Fireplace Location: Living Room, Master Bedroom, Master Retreat
  • Interior Amenities: Beamed Ceilings, Open Floorplan, Plaster Walls, Vaulted Ceiling(s)
  • Fireplace Features: Gas & Wood, Gas Starter
  • Flooring: Carpet, Wood
  • Bedroom Features: All Bedrooms Down, Master Suite, Walk In Closet
  • Total Bedrooms: 3
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Eating Areas: Dining Area
  • Kitchen Features: Stone Counters, Tile Counters
  • Laundry: Laundry Area
  • Estimated Sq Ft: 3510.00

Exterior Features

  • Construction: Adobe, Stone
  • Other Structures: Guest House/Casita
  • Roofing: Tile
  • Fencing: Fenced
  • Patio: Covered, Rock - Stone
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: In Ground, Not Heated, Private
  • Pool Location: Private
  • Planned Unit Development: No
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Detached
  • Parking: Circular Driveway
  • Total Covered Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Total Uncovered Assigned Spaces: 2.00

Utilities

  • Cooling Type: Central Air
  • Heating: Central
  • Heating Fuel: Natural Gas
  • Sewer: In, Connected and Paid
  • Water Heater Feature: Gas

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 684422002
  • Irrigation: Manual, Sprinkler System, Sprinkler Timer
  • Lot Acres: 1.2000
  • Lot Size: 52272.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple
  • Rental Restrictions: Yes

Multi Family

  • Total Fireplaces: 1

MLS Schools

  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
May 10, 2024
Sold by
Guidice Eric
Bought by
Morgan Melissa
Seller's Agent
Pamela Potalivo
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Clayton Baldwin
List Price
$2,299,000
Sold Price
$2,300,000
Premium/Discount to List
$1,000
0.04%
Views
12
Current Estimated Value
$2,025,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$274,335
Avg. Annual Appreciation
-10.63%
Original Mortgage
$1,840,000
Outstanding Balance
$1,818,771
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$206,894

Purchase Details

Listed on
Feb 1, 2024
Closed on
May 7, 2024
Sold by
Craig Wright Trust and Wright Craig
Bought by
Morgan Melissa
Seller's Agent
Pamela Potalivo
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Clayton Baldwin
List Price
$2,299,000
Sold Price
$2,300,000
Premium/Discount to List
$1,000
0.04%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,840,000
Outstanding Balance
$1,818,771
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$206,894

Purchase Details

Closed on
Aug 3, 2023
Sold by
Wright Craig Melvin
Bought by
Craig Wright Trust and Wright

Purchase Details

Closed on
Jul 10, 2020
Sold by
Killam Edward
Bought by
Wright Craig Melvin

Purchase Details

Closed on
Mar 17, 2008
Sold by
Killam Edward
Bought by
Killam Edward Lambert

Purchase Details

Closed on
Jan 18, 1994
Sold by
Chais Ruth M and Chais Stephanie M
Bought by
Killam Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,250
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Morgan Melissa -- Ticor Title
Morgan Melissa $2,300,000 Ticor Title
Craig Wright Trust -- None Listed On Document
Wright Craig Melvin $550,000 None Available
Killam Edward Lambert -- None Available
Killam Edward $208,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Melissa $1,840,000
Previous Owner Killam Edward $146,500
Previous Owner Killam Edward $145,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2024 06/05/24 Sold $2,300,000 0.0% $655 / Sq Ft
05/28/2024 05/28/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $2,299,000 -- $655 / Sq Ft
Source: California Desert Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $7,864 $572,220 $171,666 $400,554
2022 $7,773 $561,000 $168,300 $392,700
2021 $4,805 $342,203 $133,037 $209,166
2020 $4,569 $338,695 $131,673 $207,022
2019 $4,493 $332,055 $129,092 $202,963
2018 $4,412 $325,545 $126,561 $198,984
2017 $4,347 $319,163 $124,080 $195,083
2016 $4,225 $312,906 $121,648 $191,258
2015 $4,080 $308,208 $119,822 $188,386
2014 $4,049 $302,173 $117,476 $184,697
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2024

    Pamela Potalivo

    Berkshire Hathaway HomeServices California Properties

    (760) 564-9575

    1 in this area

    14 Total Sales

    Pamela Potalivo
    Section Image

  • C

    Buyer's Agent in 2024

    Clayton Baldwin

    (760) 902-6440

    1 in this area

    75 Total Sales

    Clayton Baldwin
    Section Image
See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 219109505

California Desert Association of REALTORS®

APN: 684-422-002

California Riverside County Rancho Mirage 92270 Magnesia Falls Cove

71845 Sahara Rd, Rancho Mirage, CA

This home is located at 71845 Sahara Rd, Rancho Mirage, CA 92270 since 01 February 2024 and is currently estimated at $2,025,665, approximately $577 per square foot. This property was built in 1939. 71845 Sahara Rd is a home located in Riverside County with nearby schools including Rancho Mirage Elementary School, Nellie N. Coffman Middle School, and Rancho Mirage High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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