Business
Four Out of Five Most Expensive Homes Sold in Rancho Mirage
In the recent real estate market spanning from October 10 to November 7, four out of the five highest-priced homes sold were newly constructed residences on West Padilla Street in Rancho Mirage. The priciest home, located at 37610 W. Padilla Street, features four bedrooms and three-and-a-half bathrooms along with a spacious three-car tandem garage.
Upon entering, residents are welcomed by a home office that flows into the great room, complemented by connected dining and living areas. An activity room strategically divides the three secondary bedrooms, offering younger family members their own space for recreation.
This modern home was sold on October 28 for $654,990, slightly under the listing price by $9,900. It has never been sold before, marking its debut on the market.
The Rancho Mirage community boasts an affordable monthly HOA fee of $103.63, while the property spans 3,240 square feet with a lot size of 8,752 square feet. The selling price equates to $202.16 per square foot and the home was listed for just 19 days before a buyer was secured. Built by K. Hovnanian Homes in 2024, it offers ample living space to accommodate modern lifestyles.
The following are other notable home sales in the period: 21921 N. Desert Park Court in Rancho El Dorado sold for $619,000; 37625 W. Padilla St. and 437590 W. Padilla St., both situated in Rancho Mirage, each sold for $609,990; and finally, 37590 W. Padilla St. fetched $577,240.