Named one of Wallpaper* Magazine's Top 25 Houses in the World, 2025. Published in Robb Report, Mansion Global, and Palm Springs Life. Venue for the Palm Desert Food & Wine Festival Celebrity Chef Reception. Featured in the March 2026 Palm Springs Life Fashion Edition.THE DREAMER ESTATE by AIA Award-winning architect Robert Stone is not a home that needs an introduction. It needs to be experienced.Stone's residential work has been used as locations by Saint Laurent, Roberto Cavalli, and Beyonce. His architecture sits in the permanent collection of cultural relevance. This is his latest residential design on 3.83 acres in the heart of Rancho Mirage.THE ARCHITECTURE - Designed around the sun's path. A signature silver roof floats above walls of glass, dissolving the line between interior and desert landscape. Decorative breeze blocks cast intricate shadow patterns throughout the day. Every window frames the San Jacinto Mountains.THE SETTING - Located on private roads on Kelley Lane, the estate overlooks the former ranch of Frank Sinatra, now approved for development into 16 private lots expected between $5.5M and $6.8M. Roads are being cobbled and gated. The Dreamer Estate sits on 3.83 acres, more than double the largest lot in that new development, and it is already built.THE RESIDENCE - Four bedrooms including a serene primary suite and the Lil' Dreamer guest suite. Half-olympic pool. Curated outdoor spaces for intimate evenings or large-scale entertaining. Fully turnkey. Every element is intentional.This is architecture acquired the way you acquire art.
For sale
Listed by: KW Coachella Valley • Simon Court • Contact: 424-333-8606
$7,250,000
38850 Kelley Ln, Rancho Mirage, CA 92270
5beds
4,029sqft
Single Family Residence
Built in 2024
3.83 Acres Lot
$6,778,800 Zestimate®
$1,799/sqft
$-- HOA
What's special
Half-olympic poolWalls of glass
- 123 days |
- 859 |
- 44 |
Zillow last checked:
Listing updated:
Listed by:
Simon Court DRE #02254734 424-333-8606,
KW Coachella Valley,
Brooks Bailey DRE #01892672 909-557-6150,
Serhant California, Inc
Source: CRMLS,MLS#: 219144081DA
Originating MLS: California Desert AOR & Palm Springs AOR
Originating MLS: California Desert AOR & Palm Springs AORLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Rooms
- Room types: Bedroom, Guest Quarters, Living Room, Primary Bedroom, Other, Retreat, Dining Room
Primary bedroom
- Features: Primary Suite
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bidet, Bathtub, Low Flow Plumbing Fixtures, Linen Closet, Separate Shower, Tile Counters, Vanity
Kitchen
- Features: Kitchen Island, Quartz Counters
Other
- Features: Walk-In Closet(s)
Heating
- Central, Electric, Forced Air, Fireplace(s), Zoned
Cooling
- Central Air, Electric, Zoned
Appliances
- Included: Convection Oven, Dishwasher, Electric Oven, Electric Range, Freezer, Disposal, Gas Water Heater, Ice Maker, Refrigerator, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Water To Refrigerator
- Laundry: Laundry Closet, Laundry Room
Features
- Built-in Features, Balcony, Separate/Formal Dining Room, High Ceilings, Open Floorplan, Recessed Lighting, Sunken Living Room, Bedroom on Main Level, Primary Suite, Walk-In Closet(s)
- Flooring: Concrete
- Has fireplace: Yes
- Fireplace features: Gas, Living Room
Interior area
- Total interior livable area: 4,029 sqft
Video & virtual tour
Property
Parking
- Total spaces: 11
- Parking features: Covered, Driveway, Garage, Garage Door Opener
- Garage spaces: 2
- Uncovered spaces: 7
Features
- Exterior features: Barbecue
- Has private pool: Yes
- Pool features: Gunite, Electric Heat, In Ground, Private, Salt Water
- Spa features: Gunite, Heated, Private
- Fencing: Chain Link,Stucco Wall
- Has view: Yes
- View description: Mountain(s), Panoramic, Pool
Lot
- Size: 3.83 Acres
- Features: Cul-De-Sac, Drip Irrigation/Bubblers, Front Yard, Landscaped, Level, Sprinklers Timer, Sprinkler System, Yard
Details
- Additional structures: Guest House
- Parcel number: 689130008
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,Modern
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Slab
- Roof: Clay
Condition
- New construction: No
- Year built: 2024
Utilities & green energy
- Electric: 220 Volts
- Sewer: Septic Tank
- Utilities for property: Cable Available
Community & HOA
Community
- Security: Key Card Entry
- Subdivision: Not Applicable-1
Location
- Region: Rancho Mirage
Financial & listing details
- Price per square foot: $1,799/sqft
- Tax assessed value: $1,740,514
- Annual tax amount: $21,295
- Date on market: 3/2/2026
- Listing terms: Cash,Cash to New Loan
- Exclusions: Staging, artwork
Estimated market value
$6,778,800
$6.44M - $7.12M
$7,244/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/2/2026 | Listed for sale | $7,250,000$1,799/sqft |
Source:  Greater Palm Springs Realtors #219144081 Report a problem | ||
| 2/12/2026 | Listing removed | $7,250,000$1,799/sqft |
Source: Greater Palm Springs Realtors #219138691 Report a problem | ||
| 11/19/2025 | Listed for sale | $7,250,000-3.3%$1,799/sqft |
Source: Greater Palm Springs Realtors #219138691 Report a problem | ||
| 6/16/2025 | Listing removed | $7,495,000$1,860/sqft |
Source: Greater Palm Springs Realtors #219123932 Report a problem | ||
| 2/1/2025 | Listed for sale | $7,495,000+1288%$1,860/sqft |
Source: Greater Palm Springs Realtors #219123932 Report a problem | ||
| 1/7/2019 | Sold | $540,000$134/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,295 +47.7% | $1,740,514 +54% |
| 2024 | $14,419 +24.3% | $1,129,844 +28.5% |
| 2023 | $11,604 +25.1% | $878,988 +26.4% |
| 2022 | $9,273 +24.9% | $695,636 +25% |
| 2021 | $7,423 +5.5% | $556,506 +1% |
| 2020 | $7,033 +864.5% | $550,800 +1162.9% |
| 2019 | $729 +1.7% | $43,615 +2% |
| 2018 | $717 +1.4% | $42,760 +2% |
| 2017 | $707 | $41,922 +1.4% |
| 2016 | $707 +2.8% | $41,326 +1.5% |
| 2015 | $688 -15.7% | $40,708 -19.1% |
| 2014 | $816 | $50,338 +0.4% |
| 2013 | -- | $50,113 +2% |
| 2012 | -- | $49,132 +2% |
| 2011 | -- | $48,170 +0.7% |
| 2010 | -- | $47,813 -0.3% |
| 2009 | -- | $47,934 +2% |
| 2008 | -- | $46,996 +2% |
| 2007 | -- | $46,076 +2% |
| 2006 | -- | $45,173 +2% |
| 2005 | -- | $44,288 +3.9% |
| 2003 | -- | $42,629 +2% |
| 2002 | -- | $41,795 +2.5% |
| 2001 | $657 +3.3% | $40,789 +2% |
| 2000 | $636 | $39,990 |
Find assessor info on the county website
Monthly payment
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 92270
Nearby schools
GreatSchools rating
- 4/10Rancho Mirage Elementary SchoolGrades: K-5Distance: 2 mi
- 4/10Nellie N. Coffman Middle SchoolGrades: 6-8Distance: 2.2 mi
- 6/10Rancho Mirage HighGrades: 9-12Distance: 3.9 mi
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- California
- Riverside County
- Rancho Mirage
- 92270
- 38850 Kelley Ln
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