38500 Bob Hope Drive $19,900,000

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    38500 Bob Hope Drive Rancho Mirage, CA 92270

    • 25.00 Acres
    • Land
    MLS# 219016323 | Active
    Days On Market: 187 65 Views
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    Property Details

    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.

    Contact

    Victor Minetti

    REALTOR®

    01382621

    Palm Desert Office

    Cell: 760-333-9875

    Neighborhood

    92270 (Rancho Mirage) Demographics

    66 Median Age
    670 Population Density (per sq. mile)
    51% College Educated
    $66,083 Estimated Median Income
    7,525 Estimated Total Home Owners
    1,985 Estimated Total Renters
    79% / 21% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    17,876 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $548,999 Median Sales Price
    71 Homes Sold
    111 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $19,900,000
        6/7/2019 7:20:00 PM New in Database Source

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