tomo logo

$10,799,000

Beds
8
Baths
10.0
sq ft
9,350

40440 Morningstar Rd, Rancho Mirage, CA 92270

40440 Morningstar Rd

Rancho Mirage, CA 92270

  • 85 days on market
Go beyond on-trend and discover a magnificent custom estate that is destined to elevate the bar for modern style, luxurious living and cutting-edge tech. Embraced by a prime peninsula homesite of nearly 1.26 acres, this remodeled and reimagined Rancho Mirage residence presents the ultimate expression of preferred living in the guard-gated Clancy Lane enclave of Mission Ranch. A grand foyer with double-height ceiling, cascading chandelier, handsome columns and porcelain flooring provides an appropriately impressive introduction to the single-level estate, which spans approx. 9,350 s.f. and hosts 8 ensuite bedrooms and 11 baths, including 3 casitas. Main living areas are generously sized and include a chic great room, and an adjacent game room with hotel-inspired wet bar and full-size wine refrigerator. Worthy of a multi-page spread in Architectural Digest, the estate's kitchen is as fashionable as it is functional. A massive island anchors the space, which features a secondary catering kitchen, an open dining area, 2 Wolf ranges, 4 dishwashers and 3 Sub-Zero refrigerators. The primary suite provides an opulent sanctuary unto itself, complete with two bathrooms. Completely private, grounds welcome scenic mountain views and rival five- star resorts with a massive pool and spa, fountains and fire features, a sunken lighted tennis court, gated garage parking for 10, new stone decking, and an oversized entertainment pavilion with pizza oven and grill.

Details

Property type

Single Family Residence

Est. home value

$3,960,382

Lot size

Unknown

Price per sq ft

$1,155

Year built

1991

Monthly HOA fee

$1,600

Price History

08/30/2024
DesertArea

DesertArea #219116028

Listed
$10,799,000
-15.3%
05/03/2024
CLAW

CLAW #23295837

Removed
$12,750,000
03/25/2024
CLAW

CLAW #23295837

Price change
$12,750,000
-15%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

The Alliance Portfolio

Loan start date

October 2004

Original loan amount

$1,000,000

Est. remaining balance

Not provided

Interest rate

14.99%

Loan type

Not Provided, 20 year

Seller

Jack G Gaglio and Laura Gaglio

Lender

Theresa E Hurton

Loan start date

September 2004

Original loan amount

$1,310,273

Est. remaining balance

Not provided

Interest rate

5.98%

Loan type

Not Provided

Seller

Jack Gregory Gaglio and Laura Ann Gaglio

Lender

Americorp Funding

Loan start date

April 2000

Original loan amount

$2,000,000

Est. remaining balance

Not provided

Interest rate

8.62%

Loan type

Not Provided, 30 year

Seller

Jack G Gaglio and Laura Gaglio

Lender

First Community Bank Of The Desert

Loan start date

October 1998

Original loan amount

$1,420,000

Est. remaining balance

Not provided

Interest rate

6.77%

Loan type

Not Provided

Seller

Jack G Gaglio and Laura Gaglio

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 6:25 PM

Listing updated: 08/31/2024 at 4:09 AM

Listed by: Rich Nolan, Compass Phone #: (760) 249-2120

MLS: DesertArea #219116028

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