NOT LISTED FOR SALE

Desert Island 899 Island Dr Unit 511 Rancho Mirage, CA 92270

Estimated Value: $550,000 - $596,000

1 Bed
2 Baths
1,501 Sq Ft
$1,080/mo HOA Fee

Last Sold September 15, 2020

Last sale price $417,500 $278 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,687/month

2 Days on Market

Highlights

  • Lake Front
  • Filtered Pool
  • Panoramic View
  • Golf Course Community
  • Home fronts a pond
  • Updated Kitchen

About This Home

As of September 2020

One of the most spectacular views and location in all of Coachella Valley! This home provides jaw-dropping, wow factor from the moment you walk through the door. Located in the exclusive Desert Island Community of Rancho Mirage provides a resort-like life style! This 1bedroom condo is situated on the ultra-desirable 5th floor with over 600 square feet of balcony overlooking some of the most water frontage available in the Valley. This remodel was executed at the highest level with some of the nicest finishes available. Enjoy custom quartz countertops, floor tile, floor-to-ceiling tile backsplash, with custom lighting in a truly creative, artistic home. Nearly the entire living space including the master bedroom is surrounded by 12 foot glass sliding doors overlooking the incredible view.

Desert Island Community is located on Frank Sinatra Drive less than 1/4 mile from Bob Hope Drive next door to the world renown and highly exclusive Annenberg Estate. This high-rise gated community sits on a 25-acre island surrounded by a extensive lake and an 18-hole championship golf course.
This home is centrally located between El Paseo and Palm Springs. Very close proximity to the finest dining and entertainment the desert has to offer. Other amenities include 24-hour security, 3 pools & spas, paddle boats, tennis & pickle-ball courts, restaurant on property (seasonal) and fitness room.

Professional photos not yet available.

Last Agent to Sell the Property

Travis Kipper

Skye Realty Group License #02046814 Listed on: 08/17/2020

Last Buyer's Agent

Gail Anderson

Bennion Deville Homes License #01104776

Bennion Deville Homes

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,083

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • Home fronts a pond
  • Lake Front
  • 1 Common Wall
  • Fenced
  • Fence is in excellent condition
  • Density is up to 1 Unit/Acre

HOA Fees

  • $1,080 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Property Views

  • Panoramic
  • Woods
  • Canyon
  • Desert
  • Valley

Home Design

  • Turnkey
  • Fire Rated Drywall
  • Interior Block Wall
  • Common Roof
  • Pre-Cast Concrete Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,501 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Shutters
  • Custom Window Coverings
  • Double Door Entry
  • Sliding Doors
  • Panel Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Double Self-Cleaning Convection Oven
  • Six Burner Stove
  • Electric Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Quartz Countertops
  • Pots and Pans Drawers
  • Built-In Trash or Recycling Cabinet
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Mirrored Closets Doors
  • Remodeled Bathroom
  • Quartz Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower

Accessible Home Design

  • Accessible Elevator Installed
  • Halls are 48 inches wide or more
  • Accessible Parking

Pool

  • Filtered Pool
  • In Ground Pool
  • In Ground Spa
  • Fence Around Pool

Outdoor Features

  • Access To Lake
  • Lake Privileges
  • Living Room Balcony
  • Enclosed Patio or Porch
  • Exterior Lighting

Location

  • Property is near a clubhouse

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 65 / 899
  • Tax Tract Number 4195
  • Assessor Parcel Number 688061065

Community Details

Overview

  • 250 Units
  • Desert Island Subdivision
  • Community Lake
  • 7-Story Property

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area

Recreation

  • Golf Course Community
  • Community Spa
  • Bike Trail

Pet Policy

  • Pet Restriction
  • Breed Restrictions

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,083

Year Built

Built in 1973 | Remodeled

Lot Details

0

HOA Fees

$1,080 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Fridge, Stove, Microwave, Cooktop
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Desert Island (32123)
  • View: Yes
  • Zoning: EPUD
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 688061065
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1501.00 Square Feet
  • Interior Amenities: Balcony, Block Walls, Ceiling Fan(s), Elevator, High Ceilings, Living Room Balcony, Open Floorplan, Recessed Lighting
  • Stories: 7
  • Entry Location: Garage or Building Exterior
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Vinyl
  • Accessibility Features: 48 Inch Or More Wide Halls, Accessible Elevator Installed, Parking
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Double Door Entry, Mirror Closet Door(s), Panel Doors, Sliding Doors
  • Eating Area: Breakfast Counter / Bar
  • Fireplace Features: Family Room
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 278.15
  • Room Type: Family Room, Formal Entry, Kitchen, Living Room, Main Floor Master Bedroom, Master Bathroom
  • Spa Features: Association, Community, In Ground
  • Window Features: Custom Covering, Shutters
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Quartz Counters, Remodeled
  • Room Kitchen Features: Built-In Trash/Recycling, Kitchen Open To Family Room, Pots & Pan Drawers, Quartz Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Concrete Perimeter
  • Other Structures: Tennis Court Private
  • View: Canyon, Desert, Golf Course, Hills, Mountain(s), Panoramic, Pond, Trees/Woods, Valley, Water
  • Fence: Yes
  • Fencing: Excellent Condition
  • Patio And Porch Features: Concrete, Covered, Enclosed
  • Pool Features: Association, Community, Fenced, Filtered, In Ground
  • Pool Private: No
  • Roof: Common Roof
  • Spa: Yes
  • Construction Materials: Block, Concrete, Drywall Walls

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Convection Oven, Dishwasher, Double Oven, Electric Cooktop, ENERGY STAR Qualified Appliances, Disposal, Ice Maker, Microwave, Self Cleaning Oven
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Picnic Area, Golf Course, Tennis Court(s), Biking Trails, Electricity, Pet Rules, Pets Permitted, Permitted Types, Call for Rules, Management, Guard, Security, Controlled Access
  • Association Fee: 1080.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Golf, Lake, Sidewalks, Street Lights

Schools

  • School District: Palm Springs Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Close to Clubhouse
  • Lot Size Sq Ft: 2178.00
  • Lot Size Acres: 0.0500

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2178.0000 Square Feet
  • Number Of Units In Community: 250
  • Number Of Units Total: 1
  • Waterfront Features: Lake, Lake Front, Lake Privileges, Pond

Tax Info

  • Tax Block: 899
  • Tax Census Tract: 449.17
  • Tax Lot: 65
  • Tax Tract Number: 4195

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2020
Closed on
Sep 2, 2020
Sold by
Kipper Ronald and Kipper Frances A
Bought by
Fraser Ian M and Schweitzer Janine M
Seller's Agent
Travis Kipper
Skye Realty Group
Buyer's Agent
Gail Anderson
Bennion Deville Homes
List Price
$399,880
Sold Price
$417,500
Premium/Discount to List
$17,620
4.41%
Current Estimated Value
$569,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,539
Avg. Annual Appreciation
6.86%

Purchase Details

Closed on
Mar 1, 2020
Sold by
Kipper Ronald and Kipper Frances
Bought by
Kipper Ronald and Kipper Frances A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,025
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 13, 2017
Closed on
Jul 31, 2018
Sold by
Commercial Pacific Holding Inc
Bought by
Kipper Ronald and Kipper Frances
Seller's Agent
Niloo Shams
Desert Sotheby's International Realty
Buyer's Agent
Travis Kipper
Skye Realty Group
List Price
$159,000
Sold Price
$125,000
Premium/Discount to List
-$34,000
-21.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.57%
Original Mortgage
$82,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2016
Sold by
Island Dr Trust #899
Bought by
Commercial Pacific Holding Inc

Purchase Details

Closed on
Apr 7, 2014
Sold by
Barberon Molitor Yvonne G
Bought by
Island Dr Trust #899 and Commercial Pacific Holding Inc

Purchase Details

Closed on
Jun 26, 2013
Sold by
Barberon Molitor Yvonne G
Bought by
Island Dr Rust and Commercial Pacific Holding Inc

Purchase Details

Closed on
Apr 27, 2010
Sold by
Metzler Desert Island Llc
Bought by
Desert Island Investors Llc

Purchase Details

Closed on
Dec 19, 2001
Sold by
Winmar Of The Desert Inc
Bought by
Metzler Desert Island Llc
Source: Public Records

Range of Values:

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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
Fraser Ian M $417,500 Ticor Title Riverside
Kipper Ronald -- Western Resources Title
Kipper Ronald $125,000 First American Title Company
Commercial Pacific Holding Inc $99,000 First American Title Company
Commercial Pacific Holding Inc -- None Available
Island Dr Trust #899 $170,400 First American Title
Island Dr Rust $170,400 None Available
Desert Island Investors Llc $750,000 First American Title Insuran
Metzler Desert Island Llc -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kipper Ronald $234,025
Previous Owner Kipper Ronald $160,000
Previous Owner Kipper Ronald $82,000
Previous Owner Barberon Molitor Yvonne G $60,000
Previous Owner Barberon Molitor Yvonne G $44,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2020 09/15/20 Sold $417,500 0.0% $278 / Sq Ft
08/17/2020 08/17/20 Off Market $417,500 -- --
08/17/2020 08/17/20 For Sale $399,880 +219.9% $266 / Sq Ft
08/21/2018 08/21/18 Sold $125,000 -21.4% $83 / Sq Ft
07/20/2018 07/20/18 Pending -- -- --
03/09/2018 03/09/18 For Sale $159,000 0.0% $106 / Sq Ft
03/09/2018 03/09/18 Price Changed $159,000 -11.2% $106 / Sq Ft
03/05/2018 03/05/18 Pending -- -- --
01/05/2018 01/05/18 Price Changed $179,000 -10.1% $119 / Sq Ft
12/15/2017 12/15/17 Price Changed $199,000 -90.0% $133 / Sq Ft
12/13/2017 12/13/17 For Sale $1,999,000 0.0% $1,332 / Sq Ft
03/06/2015 03/06/15 Rented $1,650 -2.7% --
02/04/2015 02/04/15 Under Contract -- -- --
01/23/2015 01/23/15 For Rent $1,695 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $6,083 $865,944 $37,884 $828,060
2023 $6,083 $434,367 $36,414 $397,953
2022 $6,000 $425,850 $35,700 $390,150
2021 $5,860 $417,500 $35,000 $382,500
2020 $3,348 $234,600 $51,000 $183,600
2019 $3,296 $230,000 $50,000 $180,000
2018 $4,189 $301,660 $105,581 $196,079
2017 $4,131 $295,746 $103,511 $192,235
2016 $4,019 $289,948 $101,482 $188,466
2015 $3,885 $285,594 $99,958 $185,636
2014 $3,210 $234,195 $78,061 $156,134
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW20167157

California Regional Multiple Listing Service (CRMLS)

APN: 688-061-065