NOT LISTED FOR SALE

8 Serrano Way Rancho Mirage, CA 92270

Estimated Value: $4,324,000 - $6,453,656

1.17 Acres
$4,626,968 Price per Acre
50,965 Sq Ft Lot

Sale Details

Date Sold: March 21, 2012

Last sale price $350,000

Est. 1,447% increase in value since last sale

Current estimated payment $32,807 / mo

188 Days on Market

Highlights

  • Panoramic View
  • 1.17 Acre Lot
  • Paved or Partially Paved Lot
  • James Earl Carter Elementary School Rated A-
  • Cul-De-Sac

About This Lot

As of March 2012

Chance of a lifetime. Unbelievable opportunity in Serrano Estates. This lot sold for $700,000 in 2005. It is one of only 8 home sites in the exclusive gated community of Serrano Estates, located off highly desirable Vista Dunes Road in Rancho Mirage. This elevated lot has panoramic mountain views and is over an acre (50,965.2 square feet). 5 other home sites in Serrano have impressive multi-million dollar estate homes already built. Serrano is ideally located mid-valley close to shopping, restaurants, I-10, schools and more. Great opportunity for a spec home builder or for you to build your dream home.

Last Agent to Sell the Property

Christina Cook

Coldwell Banker Residential Brokerage Listed on: 08/30/2011

Last Buyer's Agent

Christina Cook

Coldwell Banker Residential Brokerage Listed on: 08/30/2011

Property Details

Property Type

  • Land

Lot Details

  • 1.17 Acre Lot
  • Cul-De-Sac
  • Paved or Partially Paved Lot

Property Views

  • Panoramic
  • Mountain

Community Details

  • Property has a Home Owners Association
  • Serrano Subdivision

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 685290008

Property Details

Property Type

Land

Lot Details

1.17 Acres

Listing Details

  • Property Type: D
  • Builders Tract Code: Serrano
  • Lp Sp Ratio: 0.8750
  • View Type: Mountain(s), Panoramic
  • Water District Name: buyer to verify
  • Internal Listing I D: 20190608111315814877000000
  • Listing I D: 21435615
  • Listing Member Address: 71-691 Highway 111, Rancho Mirage, CA 92270
  • Listing Office Address: 71-691 Highway 111, Rancho Mirage Office, Rancho Mirage, CA 92270
  • Listing Office Fax: (760) 770-6951
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 71-691 Highway 111, Rancho Mirage, CA 92270
  • Selling Office Address: 71-691 Highway 111, Rancho Mirage Office, Rancho Mirage, CA 92270
  • Selling Office Fax: (760) 770-6951
  • Land Type: Fee
  • Subdivision: Serrano
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Yes

Condo/Co-op/Association

  • HOA Information: Yes
  • HOA Fee 1: 241.00

Lot Info

  • Assessor Parcel Number: 685290008
  • Lot Acres: 1.1700
  • Lot Location: Cul-De-Sac
  • Lot Size: 50965.00
  • Land Info Topography: elevated lot, amazing views
  • List Price per Acre: 341879.49
  • Lot Features: Street Paved

Rental Info

  • Land Lease Type: Fee Simple

Tax Info

  • Mello Roos: Unknown
  • Tax Legal Lot Number: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2022
Sold by
Shen Zhou and Shen Xiwei
Bought by
Zhou Family Trust
Current Estimated Value
$5,413,552

Purchase Details

Listed on
Aug 30, 2011
Closed on
Mar 9, 2012
Sold by
Merkle Properties Llc
Bought by
Zhou Yokang and Zhou Xiwei Shen
Seller's Agent
Christina Cook
Coldwell Banker Residential Brokerage
Buyer's Agent
Christina Cook
Coldwell Banker Residential Brokerage
List Price
$399,999
Sold Price
$350,000
Premium/Discount to List
-$49,999
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.47%

Purchase Details

Closed on
Jul 7, 2005
Sold by
Keeler William M and Keeler Judy R
Bought by
Merkle Properties Llc

Purchase Details

Closed on
Apr 2, 2001
Sold by
Rancho Mirage 9 Llc
Bought by
Keeler William M and Keeler Judy R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
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
Zhou Family Trust -- None Listed On Document
Zhou Yokang $350,000 Equity Title Company
Merkle Properties Llc $700,000 Southland Title Inland Empir
Keeler William M $309,000 Stewart Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2012 03/21/12 Sold $350,000 -12.5% --
08/30/2011 08/30/11 Pending -- -- --
08/30/2011 08/30/11 For Sale $399,999 -- --
Source: California Desert Association of REALTORS®

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
2025 $51,639 $4,217,993 $439,612 $3,778,381
2023 $51,639 $4,054,206 $422,543 $3,631,663
2022 $50,124 $3,974,712 $414,258 $3,560,454
2021 $49,885 $3,896,778 $406,136 $3,490,642
2020 $48,998 $3,856,822 $401,972 $3,454,850
2019 $48,161 $3,781,199 $394,091 $3,387,108
2018 $47,173 $3,707,059 $386,365 $3,320,694
2017 $46,271 $3,634,373 $378,790 $3,255,583
2016 $44,848 $3,563,112 $371,363 $3,191,749
2015 $27,599 $2,102,785 $365,785 $1,737,000
2014 $5,842 $358,620 $358,620 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Christina Cook

    Coldwell Banker Residential Brokerage

See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 21435615

California Desert Association of REALTORS®

APN: 685-290-008

California Riverside County Rancho Mirage 92270

8 Serrano Way, Rancho Mirage, CA

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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