Dolores and Dennis Hamann sold their home in Rancho Las Palmas Country Club and picked a lot at Cotino before a single wall of their new house existed. They moved in during April 2025, early enough that the community around them was still mostly construction fencing and dirt. Dolores described those first months to USA Today in blunt terms: "I felt like I was camping out in the wilderness." Her husband put the decision itself in financial terms: "You put your faith, your finances, everything into that corporation."

That's the honest version of buying into a story before the story is finished. It's also the version that gets lost between the renderings and the sales studio pitch. Cotino, the first Storyliving by Disney community, sells a picture of a finished lifestyle: a 24-acre lagoon, a walkable town center, a private club with a clubhouse styled after Pixar's Incredibles 2. Some of that already exists. A meaningful piece of it doesn't yet, and the piece that doesn't exist just got pushed back further than most buyers were told to expect.

A Season Moved, Not Just A Date

The part of Cotino that turns it from a subdivision into an actual neighborhood you can walk to dinner in is the public town center, Cotino Bay Beach, Dining, Shops. Earlier 2026 materials from Disney Experiences framed that collection as opening in fall 2026. On August 6, 2026, Disney announced six new tenants joining the town center, including Mexican concept Asada Cantina + Kitchen, Italian newcomer SottoSopra, and artisan marketplace Mojave Flea Trading Post. In that same release, the opening window for the entire collection is now spring 2027.

That's not a minor slip. It's a full season, and for anyone weighing a purchase specifically because a town center will be a five-minute walk from their front door, the timeline they're buying against just moved from "any week now" to "sometime after next winter." Palm Springs Life toured the site while the town center was still largely unbuilt, describing a single lighthouse-shaped building between the public and private beach as the only visible sign of what's coming. Construction continues. The lagoon and the private Artisan Club are open now. The part that makes the lifestyle public and walkable is still a promise with a new date on it.

The Ledger Nobody's Marketing

Here's the comparison that matters more than the brochure: what you're actually paying, layer by layer, against what a buyer at one of Rancho Mirage's established communities pays for a comparable lifestyle.

The Artisan Club is the piece worth sitting with. It's what actually gets you into the Parr House, the mid-century clubhouse built around an Incredibles 2 theme, and the lagoon-side dining spots reserved for members. It's voluntary, which means the base HOA doesn't include it, and it's priced closer to a private country club membership than a homeowners association line item. Del Webb Rancho Mirage, by contrast, folds its clubhouse, fitness center, and court sports into a single monthly number under $550, with no separate initiation tier standing between a homeowner and the pool.

Renting It Out Isn't On The Table

If part of the appeal of a second home in the desert is offsetting the carrying cost with short-term rental income, that math doesn't work here, and not because of anything specific to Disney. Rancho Mirage has banned rentals under 28 days citywide since July 2022, with the prohibition written into the municipal code and fines starting at $5,000 for violations. It applies to Cotino the same way it applies to every other property in the city. Buyers comparing Rancho Mirage to nearby Coachella Valley cities with more permissive rental rules need to build that into the comparison before they build it into a budget.

The Number That Doesn't Exist Yet

The single biggest unknown for anyone buying at Cotino right now isn't the price. It's the absence of a price history. As of mid-2026, resale activity at Cotino is close to nonexistent, which means there's no way to measure what a Cotino home actually appreciates, or depreciates, once the first wave of owners decides to sell. Every number in the sales office is a builder price. None of it is yet a market price set by an actual buyer and seller negotiating over a resale.

Compare that to Del Webb Rancho Mirage, a community that opened in 2018 and completed its build-out in 2024. It now has a real transaction history: 1,029 homes, build years spanning six years, and 79 closed sales in the twelve months ending August 2026 alone. A buyer there isn't guessing what the market thinks a home is worth. They're looking at dozens of comparable closings and pricing against them directly. That's the difference between buying into a brand and buying into a market.

So Who Should Actually Buy Here

None of this makes Cotino a bad purchase. It makes it a specific kind of purchase, one that trades a provable price history for an experience that doesn't exist anywhere else in the valley yet. A buyer with a ten-year-plus horizon, a genuine pull toward the lagoon-and-programming lifestyle, and the comfort of paying for something new before anyone can prove what it resells for, might find the trade worth making. That's closer to the Hamanns' calculation. They don't regret the leap. They'd also tell you upfront that it was one.

A buyer who wants rental flexibility, a resale timeline they can actually underwrite, or dues and comps that are already a matter of public record is better served by Rancho Mirage's established country clubs, where the numbers aren't a forecast. They're a ledger.

Frequently Asked Questions

Can I rent out a home at Cotino on a short-term basis? No. Rancho Mirage has prohibited short-term rentals citywide since July 2022, and the rule applies to every property in the city, not just Cotino.

When does Cotino's public town center actually open? Per Disney's own August 6, 2026 announcement, the Cotino Bay Beach, Dining, Shops collection is scheduled for spring 2027, later than the fall 2026 window described in earlier 2026 materials.

Is the Artisan Club required to live at Cotino? No. It's a voluntary membership layered on top of the standard HOA, priced separately at $20,000 to join plus $11,000 to $19,000 a year, and it's what unlocks the Parr House clubhouse and its lagoon-side dining.

Whether the right move is a lagoon-front lot at Cotino or a resale in one of Rancho Mirage's established clubs depends on what you're actually trying to buy: an experience still being built, or a number you can already prove. OMNI Real Estate Group works both sides of that decision every week and can walk you through the comps, the dues, and the timelines before you sign anything.