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98 Royal Saint Georges Way
Rancho Mirage, CA 92270
$4,100,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
4082
Property Description
Presenting an outstanding luxury desert estate with a unique deep lot with Northern and Western golf course and mountain views in one of the most prestigious addresses in Rancho Mirage. This brand-new custom home at Westgate within the Mission Hills Country Club features everything high-end buyers are looking for. Approximately 4082 SF, this single level modern architectural masterpiece with cabana provides an opportunity to customize the finishes prior to its construction,. Featuring four bedrooms and five bathrooms, office/den space, pool, spa, detached casita, covered outdoor patio with built in BBQ and a three car garage. The gourmet kitchen displays a beautiful double waterfall island, walk-in pantry, two dishwashers, high-end Wolf/Sub-Zero appliances and custom built-in cabinetry that extends into the living room where you’ll find ample bar space for entertaining guest in the bright and spacious living room. Step into the primary suite and experience the epitome of luxury, compete with sixteen-foot ceilings, wet bar, soaking tub and walk-in closet with optional washer/dryer. Off the primary suite take in the serenity of your private patio space with direct access to upscale outdoor desert living at its finest. Complete with ground firepit, saltwater pool, in-pool tanning shelf and spa you’ll find what makes this property extra special. Home comes with 18 solar panels to help electrical cost down with an option to add 10 additional panels. The outdoor living space comes with everything to make outdoor entertaining fun and easy with a covered cabana that boasts a half bath, exterior shower, second firepit and some of the most stunning panoramic views the desert has to offer. Don’t miss your chance to make your dream become a reality. Photos are artist renderings. Upon request, a specification book comprising of elevations drawings and comprehensive material details designated for utilization on the 98 Royal Saint George Way Project can be furnished.
Property Information
Lot Size
24,829 sqft square ft
Property Type
Residential
Year Built
2023
MLS Number
PW23181564
Location
Address
98 Royal Saint Georges Way
City
Rancho Mirage
State
CA
Zip Code
92270
County
RIVERSIDE (EAST)
Listing
Provider
First Team Real Estate, original listing
Name
First Team Real Estate
Phone
(949) 539-0824
Office Name
First Team Real Estate
Office Phone
(949) 539-0824
Agent Name
Larry Aguilar

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.