285 Kavenish Dr
Rancho Mirage, CA 92270 Outlying Palm Springs

• Unit Size: 2,314 SF
• Condo Use: Flex
• Price: $625,000 USD
• Sale Type: Investment
• Price/SF: $270.10 USD

Description

Investor Opportunity – 5.18% Cap Rate | Leased Through Sept 2026!

• Fully furnished & turnkey 2BD + den (or 3rd BD) home in desirable Rancho Mirage Country Club, located directly across the street from the new Cotino community by Disney (www.cotino.com)
• Long-term tenant in place through Sept. 30, 2026, with option to extend 2 additional years
• Excellent 5.18% cap rate – immediate, stable income and proven rental history
• Over 2,300 sq. ft. of beautifully maintained living space with golf course & mountain views
• Major updates: New roof & A/C unit (2025)
• High ceilings, skylights, plantation shutters, wet bar & open-concept layout
• Expansive private patio + 2-car garage with golf cart space
• HOA covers: roof, exterior paint/stucco, cable TV, internet, landscaping, guard gate & more
• Community amenities: 4 heated pools/spas + 10-hole golf course with low annual fee
• Approved entitlement from the City of Rancho Mirage for the revitalization and redevelopment of the Rancho Mirage Country Club interior golf course area—an exciting master-planned enhancement to the community (www.dbrds.com/masterplan/rmcc)

Turnkey, income-producing property in one of the desert’s most sought-after gated communities—directly opposite Disney’s visionary new Cotino development and within a city-approved redevelopment master plan—offering exceptional long-term appreciation potential, secure returns, and enduring value from day one!

Sale Notes

The tenant is under lease through September 30, 2026, and has expressed willingness to enter into a new lease for an additional two-year term.