01-Front View at Twilight
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42665 E Veldt Street, Rancho Mirage, CA 92270

$1.2M2bd · 2ba · 1,400 sqft
Lot 9,583 sqftSingle Family Residence
Active
8d on marketMLS# 219148623

Property Description

Completely reimagined mid-century in coveted Magnesia Falls Cove, creatively updated with incredible attention to original architectural design, function, and modern desert living. Designed as a private oasis surrounded by palms and desert flora, this beautifully landscaped private retreat offers effortless indoor-outdoor living, abundant natural light, and an open floor plan ideal for entertaining. Designer finishes include stainless steel accents, travertine details, illuminated baseboards, luxury contemporary fixtures, and dramatic granite and marble countertops with waterfall ends and rough-hewn edges. The same refined material palette continues into the fabulous outdoor kitchen and BBQ area, creating a seamless connection between interior style and exterior entertaining. The private primary retreat includes a fully enclosed spa, dressing area, walk-in closet & bath. There is a guest bedroom and add'l bath. Outdoors, enjoy a saltwater pool, firepit, sunken conversation pit, lush desert landscaping, and the aura of hushed quiet. Energy efficiency and comfort are major highlights, with owned solar consisting of 36 panels, a 12kw system, 13kwbattery backup, and year-to-date production of approximately 52,000 kw. Multiple split HVAC systems serve the guest room, primary suite, and garage for customized climate control. Adding fun character and flexibility, a 1960s Airstream that was airlifted into the backyard awaiting restoration to serve as a 42-foot casita/ADU, offering a truly unique extension of the property's mid-century lifestyle and design. The architecturally significant garage includes a loft perfect for one's ''Man Cave'' or ''Lady's Loft''. This property is fun, fantastic and truly ''one-of-a-kind''!

Features & Amenities

Magnesia Falls CoveFeeBuilt 1955

Property Details

Subdivision
Magnesia Falls Cove
Land Type
Fee
Year Built
1955
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Forced Air
Cooling
Air Conditioning
View
Peek-A-Boo
City
Rancho Mirage
Zip Code
92270
County
Riverside
Listed byKeller Williams Realty, Team Michael Hilgenberg w/ Keller Williams·760-770-1555

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$6,067.85
Principal & Interest
Loan Amount
$960,000
Total Interest
$1,224,427
Total Payment Over 30 Years
$2,184,427
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Magnesia Falls Cove

This property is located in Magnesia Falls Cove, a community in Rancho Mirage. Explore more listings in this neighborhood to compare options and pricing.

View Magnesia Falls Cove Listings

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

42665 E Veldt Street, Rancho Mirage, CA 92270

Magnesia Falls Cove · Rancho Mirage · Single Family Residence

$1.2M
Affordable Tier
Beds
2
Baths
2
Sqft
1,400
Lot
9,583 sqft
Year
1955
$/Sqft
$857
Pool: Yes
Spa: Yes
View: Peek-A-Boo
Garage: 2-car

Listed 55.4% above the median closed sale of $772,000. Price per sqft ($857) is a 80% premium to closed comps ($475).

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.20M· $857/sqft
Total list price
Closed comps
vs closed median $772K
+$428K (+55.4%)
Active comps
vs active median $1.07M
+$132K (+12.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $581
+$276 (+47.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
71836 San Gorgonio RoadRancho Mirage1956321,75811,761$608$1.07M1085
71521 Halgar RoadRancho Mirage1973321,60010,454$670$1.07M7483
83 CabernetRancho Mirage2019221,4388,703$486$699,0006573
71305 Kempton AvenueRancho Mirage1962321,6546,970$722$1.20M4772
26 TempranilloRancho Mirage2019221,4386,490$420$604,0003670
Total: 5 · Average2.62.01,577.68,875.6$581.2$927,65046.4
Median1,600$1.07M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
71568 Tangier RoadRancho Mirage196305/26/2026321,7747,405$779,000$772,000$4350.995783
71528 Estellita DriveRancho Mirage195605/20/2026422,00013,068$1.22M$1.20M$6000.9810277
71947 Vista Del RioRancho Mirage195805/18/2026221,2846,970$725,000$707,000$5510.976576
2 SevilleRancho Mirage197505/22/2026221,3202,429$509,000$430,000$3260.843871
72 CabernetRancho Mirage201906/01/2026221,8326,499$869,000$850,000$4640.985465
Total: 5 · Average2.62.01,6427,274.2$791,800$791,800$475.263.2
Median1,774$772,000$772,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.