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Seller financing may be available to a qualified buyer. Financing terms are subject to seller approval, buyer qualification, and mutually agreeable terms. Positioned in the heart of prestigious Rancho Mirage, ithis +/-1.25-acre commercial land assemblage presents a rare opportunity for investors, developers, and owner-users seeking a strategic foothold within one of the Coachella Valley's most affluent and established markets. Located just steps from Highway 111, the site offers exceptional visibility, convenient access, and proximity to major retail, medical, hospitality, and entertainment destinations. The property consists of six contiguous parcels and is zoned C-G (General Commercial), allowing for a variety of commercial, medical, office, hospitality and mixed-use development opportunities (subject to city approvals). Sold As-Where-Is. 42462-42414 Rancho Mirage Lane presents a rare opportunity to acquire a multi-property commercial portfolio in the heart of Rancho Mirage. Located directly across from The River at Rancho Mirage and just steps from Hwy 111, the portfolio benefits from exceptional visibility, convenient access, and one of the Coachella Valley's premier commercial locations. The offering is available as two separate acquisition opportunities or as a combined portfolio: 42462-42414 Rancho Mirage Lane -- $1,437,000 One APN 684-255-018 (approx. .41 AC Lot) this parcel is improved with two existing standalone buildings +/-5771-square-foot providing flexibility for owner-users, investors, or future redevelopment. Sewer recently connected. Adjacent Development Land -- $798,000 Five contiguous commercial lots immediately adjacent to the improved property, totaling approximately +/-.83 acres, presenting a rare opportunity to expand an existing campus or undertake a larger-scale development in a highly constrained market. Surrounded by premier retail, dining, entertainment, hospitality, and residential communities, the property enjoys strong traffic exposure and immediate access to many of the Coachella Valley's most desirable destinations. With mountain views, flexible commercial zoning, and a strategic location between Palm Desert and Palm Springs, the portfolio offers exceptional long-term value. Offered As-Is, Where-Is, this is one of the last remaining opportunities to acquire a significant commercial land assemblage within the prestigious Magnesia Falls area. Whether repositioned as professional office space, a medical or corporate cam
Listing agent: Kate Rust DRE #01267678 kate@meadecommercial.com, Listing office: Meade Commercial Inc.
MLS data updated 10/27/2026, 6:00:24 PM PT
Source: CRMLS, MLS #: 219149822DA
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Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jul 1, 2026
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This home · nearest recorded event
$2,235,000Original asking price · Jul 1, 2026ZIP 92270 · Jul 2026
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No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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