$19,900,000

38500 Bob Hope Drive

Rancho Mirage CA, 92270

Description

The Residence at Rancho Mirage Country Club'' is the only available & approved residential and hospitality project located in the affluent area of South Rancho Mirage.The site has fully approved entitlements in place to renovate & re-purpose approx 49 Ac of existing Rancho Mirage Country Club facilities to a resort hotel with a residential condo component.In addition to the boutique hotel & condo units, the project also includes a revitalized golf course, remodeled entries on Frank Sinatra & Bob Hope Dr, & an improved amenity package available to all existing residents.The residential component consist of 108-two & three bdr condo units (stacked flats ranging 1,481 to 1,837 SqFt) in 27 two-story buildings with additional sq.ft./lock-off suites for each (additional 480-520 SqFt with potential rental income for unit owners) which could also be made available as hotel rooms within the rental pool if the owner wishes.The additional 60 standard hospitality-only units are approx 460 SqFt.

Details

MLS#219016323DA
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site538

Features

Acreage25.00
Golf CourseYes

Market Activity 92270

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Area Information
StateCA
CountyRiverside
CityRancho Mirage
Zip Code92270
Area321 - Rancho Mirage
Listing VS Median (in 92270)
Price:
$19,900,000
low | high
Med:
$512,000
100% of Average
On Site:
538
low | high
Med:
15
100% of Average
Listing Updated: November 25, 2020 5:48:59 AM PST
Erik Christianson LogoMLS Number: 219016323DA
Listing Provided By:
Erik Christianson  of  The Hoffman Company
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