WALLPAPER MAGAZINE TOP 25 HOUSES OF 2025 GLOBALLY. PALM SPRINGS LIFE MARCH 2026 COVER HOME. Welcome to the Dreamer Estate at 38850 Kelley Lane, the most articulate residential work yet by acclaimed architect Robert Stone. Stone has spent three decades redefining what shelter means in the desert. His earlier works, Acido Dorado and Rosa Muerta, won the 2013 AIA TOP HONOR AWARD, have been DISPLAYED IN THE SMITHSONIAN, and attracted Saint Laurent, Vogue Italia, and Beyonce for editorial shoots. His name is now mentioned alongside the modernist masters who defined California architecture. The Dreamer Estate is his first fully realized residence and has already hosted the Palm Desert Food and Wine Festival Celebrity Chef Reception. Set on 3.83 ACRES, more than double the largest lot in the emerging private enclave across the street, this compound offers 4,029 square feet of living space with 5 BEDROOMS AND 4.5 BATHROOMS across two structures. THE MAIN RESIDENCE is a grounded piece of sculpture Stone calls California Chicano Futurism. The roof features four shades of metallic glaze on traditional pottery tile, creating a shimmering surface that sits on the dirt like a dropped lowrider. Inside, MIRRORED CEILINGS in the great room pull the San Jacinto Mountains into the living space and dissolve the boundary between interior and landscape. The kitchen is a bespoke art installation featuring SILVER CROCODILE EMBOSSED LEATHER CABINETRY. The primary suite is defined by a single bold gesture, a wall of Kelly green tile. A breeze block wall filters light and desert views into an ever-changing pattern throughout the day. THE GUEST RESIDENCE, known as Lil Dreamer, is not a guest house but a self-contained residence with its own entrance, kitchen, and living space, perfect for an artist retreat, recording studio, or private quarters. THE GROUNDS feature a half Olympic-length pool that serves as the reflective spine of the estate. A valet setup and service entrance allow seamless hosting of UP TO 200 GUESTS. The home follows the path of the sun, warmer in winter and cooler in summer by design. To acquire a work by Robert Stone is to recognize a pattern before the market does. The opportunity is now.
For sale
Listed by: SERHANT. • Simon Court • 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
$6,741,200 Zestimate®
$1,799/sqft
$-- HOA
What's special
- 59 days
- 953
- 84
Zillow last checked:
Listing updated:
Listed by:
Simon Court DRE #02254734 424-333-8606,
SERHANT.,
Brooks Bailey DRE #01892672 909-557-6150,
Serhant California, Inc
Source: CRMLS,MLS#: 219151129DA
Originating MLS: California Desert AOR & Palm Springs AOR
Originating MLS: California Desert AOR & Palm Springs AORFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Rooms
- Room types: Bedroom, Entry/Foyer, Family Room, Guest Quarters, Living Room, Primary Bedroom, Other, Retreat, Utility Room, Dining Room
Primary bedroom
- Features: Primary Suite
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: Bedroom on Main Level
Bedroom
- Features: All Bedrooms Down
Bathroom
- Features: Bidet, Tile Counters, Vanity
Other
- Features: Dressing Area
Heating
- Central, Forced Air, Heat Pump, Zoned
Cooling
- Central Air, Electric, Heat Pump, Zoned
Appliances
- Included: Range Hood
- Laundry: Laundry Room
Features
- Breakfast Bar, Separate/Formal Dining Room, All Bedrooms Down, Bedroom on Main Level, Dressing Area, Main Level Primary, Primary Suite, Utility Room, Walk-In Closet(s)
- Flooring: Concrete
- Doors: Sliding Doors
- Windows: Blinds, Double Pane Windows, Drapes, Garden Window(s), Tinted Windows
- Has fireplace: Yes
- Fireplace features: Gas, Living Room
Interior area
- Total interior livable area: 4,029 sqft
Property
Parking
- Total spaces: 10
- Parking features: Circular Driveway, Driveway, Garage, Garage Door Opener, Guest
- Garage spaces: 2
- Uncovered spaces: 6
Features
- Has private pool: Yes
- Pool features: Gunite, Electric Heat, In Ground, Salt Water, Tile
- Spa features: Gunite, Heated, In Ground, Private
- Fencing: Chain Link,Privacy,Stucco Wall
- Has view: Yes
- View description: Desert, Mountain(s), Panoramic, Pool
Lot
- Size: 3.83 Acres
- Features: Cul-De-Sac, Drip Irrigation/Bubblers, Landscaped, Level, Sprinklers Timer, Sprinkler System
Details
- Additional structures: Guest House
- Parcel number: 689130008
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Modern
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Slab
- Roof: Clay,Foam
Condition
- New construction: No
- Year built: 2024
Utilities & green energy
- Electric: 220 Volts in Garage, 220 Volts in Kitchen, 220 Volts in Laundry
- Sewer: Septic Tank
- Utilities for property: Cable Available
Community & HOA
Community
- Security: Closed Circuit Camera(s), Fire Sprinkler System, Security Gate, Key Card Entry, Security Lights
- Subdivision: Not Applicable-1
Location
- Region: Rancho Mirage
Financial & listing details
- Price per square foot: $1,799/sqft
- Tax assessed value: $1,775,323
- Date on market: 8/6/2026
- Listing terms: Cash,Cash to New Loan,Conventional
- Exclusions: Staging, artwork
Estimated market value
$6,741,200
$6.40M - $7.08M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Listed for sale | $7,250,000$1,799/sqft |
Source:  CDAR/ Desert Area MLS #219151129 Report a problem | ||
| 8/4/2026 | Listing removed | $7,250,000$1,799/sqft |
Source: CDAR/ Desert Area MLS #219144081 Report a problem | ||
| 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 |
|---|---|---|
| 2026 | -- | $1,775,323 +2% |
| 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
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 92270
- $1,603,9004 bd4 ba3.7k sqft38600 Peterson Rd, Rancho Mirage, CA 92270Off Market
- $1,350,8004 bd5 ba3.7k sqft38800 Kelley Ln, Rancho Mirage, CA 92270Off Market
- $1,321,5002 bd2 ba1.7k sqft38560 Peterson Rd, Rancho Mirage, CA 92270Off Market
- $650,6002 bd2 ba1.1k sqft38900 Kelley Ln, Rancho Mirage, CA 92270Off Market
Similar homes
- $5,750,0005 bd5 ba4.4k sqft71272 San Gorgonio Rd, Rancho Mirage, CA 92270For Sale
MLS ID #219153217PS, Ryan Bragg, Compass. CRMLS - $3,650,0003 bd4 ba3.5k sqft25 Santa Rosa Mountain Ln, Rancho Mirage, CA 92270For Sale
MLS ID #26990871PS, Brady Sandahl DRE # 01416687, Keller Williams Luxury Homes. CLAW - $4,899,0004 bd5 ba5.3k sqft70288 Pecos Rd, Rancho Mirage, CA 92270For Sale
MLS ID #219152350PS, Lucio Bernal, The Agency. CRMLS - $6,900,0005 bd6 ba4.5k sqft740 N Prescott Dr, Palm Springs, CA 92262For Sale
MLS ID #219153669PS, Louise Hampton, Berkshire Hathaway HomeServices California Properties. CRMLS
