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For sale
  • Listed by: EINSTEIN REALTY • ADRIAN MENESES • Contact: 909-260-2674
    $699,000

    40621 Terraza Dr, Palm Desert, CA 92260

    5beds
    2,718sqft
    : 
    $4,646/mo
    Get pre-qualified
    Single Family Residence
    Built in 1999
    6,970 Square Feet Lot
    $681,900 Zestimate®
    $257/sqft
    $-- HOA

    What's special

    Welcome to 40621 Terraza, an exceptional desert retreat offering the perfect blend of privacy and resort-style living in the heart of Palm Desert. This expansive residence features approximately 2,718 square feet of living space with 5 bedrooms and 3.5 bathrooms, thoughtfully designed for everyday comfort and entertaining. Upon arrival, you are greeted by an inviting courtyard entrance that sets the tone for the peaceful atmosphere found throughout the home. Inside, generous living spaces are enhanced by soaring ceilings, abundant natural light, and a functional open-concept floor plan. The backyard is truly an entertainer's dream, offering a private resort-style setting complete with a sparkling pool, relaxing jacuzzi, and impressive in-ground BBQ area, creating the perfect atmosphere for sunny pool days and evening gatherings. Surrounded by breathtaking mountain views, this outdoor oasis feels like your own private vacation destination. Adding to the home's versatility is a private primary suite featuring its own separate entrance through the entry courtyard, ideal for multigenerational living or a private retreat. The property also offers a spacious three-car garage and extended driveway, providing ample room for multiple vehicles, guests, or recreational toys. Situated in one of Palm Desert's most desirable locations, residents enjoy convenient access to the renowned El Paseo Shopping District, often referred to as the "Rodeo Drive of the Desert," featuring luxury shopping, fine dining, art galleries, and vibrant nightlife. Nearby attractions include The Living Desert Zoo and Gardens, premier golf courses, trails, and Palm Desert Civic Center Park. Palm Desert and the greater Coachella Valley continue to experience significant growth and revitalization. One of the most exciting developments nearby is Cotino, the first-ever Storyliving by Disney community in neighboring Rancho Mirage. This highly anticipated master-planned community will feature luxury residences centered around a crystal lagoon, along with new dining, shopping, entertainment, and recreational experiences expected to further elevate the desirability of the surrounding desert communities. Whether you are searching for a primary residence, vacation home, or investment opportunity, 40621 Terraza presents a rare opportunity to own a slice of desert paradise near one of Southern California's most exciting emerging luxury destinations.
    25 days
    |
    1,258
    |
    32
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    ADRIAN MENESES DRE #02147454 909-260-2674,

    EINSTEIN REALTY

    Source: CRMLS,MLS#: IV26137923MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      • Main level bathrooms: 4
      • Main level bedrooms: 5
      Rooms
      • Room types: Entry/Foyer, Family Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Other
      Other
      • Features: Walk-In Closet(s)
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Laundry: Inside
      Features
      • Walk-In Closet(s)
      • Has fireplace: Yes
      • Fireplace features: Family Room
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 2,718 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Garage - Attached
      • Attached garage spaces: 3
      Features
      • Levels: One
      • Stories: 1
      • Entry location: 1
      • Has private pool: Yes
      • Pool features: Private
      • Has view: Yes
      • View description: None
      Lot
      • Size: 6,970 Square Feet
      • Features: 0-1 Unit/Acre
      Details
      • Parcel number: 622321032
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 1999

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      Green energy
      • Energy generation: Solar

      Community & HOA

      Community
      • Features: Golf, Street Lights
      • Subdivision: Other
      Location
      • Region: Palm Desert

      Financial & listing details

      • Price per square foot: $257/sqft
      • Tax assessed value: $558,852
      • Annual tax amount: $7,701
      • Date on market: 6/30/2026
      • Cumulative days on market: 25 days
      • Listing terms: Cash,Conventional,FHA

        Estimated market value

        $681,900

        $648,000 - $716,000

        $5,241/mo

        Price history

        DateEventPrice
        6/30/2026Listed for sale$699,000+121.9%$257/sqft
        Source: CRMLS #IV26137923 Report a problem
        12/19/2011Sold$315,000+0%$116/sqft
        Source: CDAR/ Desert Area MLS #21439224 Report a problem
        10/19/2011Listed for sale$314,9000%$116/sqft
        Source: Coldwell Banker Residential Brokerage - La Quinta #21439224 Report a problem
        9/23/2011Sold$315,000-42.6%$116/sqft
        Source: Public Record Report a problem
        9/3/2004Sold$549,000+74.3%$202/sqft
        Source: Public Record Report a problem
        8/26/2002Sold$315,000+6.8%$116/sqft
        Source: Public Record Report a problem
        8/9/2000Sold$295,000+3.3%$109/sqft
        Source: Public Record Report a problem
        7/27/1999Sold$285,500$105/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,701 +2.6%$558,852 +2%
        2024$7,506 -2.2%$547,895 +2%
        2023$7,677 +7.8%$537,153 +2%
        2022$7,120 +3.3%$526,621 +2%
        2021$6,890 +1.8%$516,296 +1%
        2020$6,765 +2%$511,003 +2%
        2019$6,633 +2.1%$500,984 +2%
        2018$6,497 +2%$491,162 +2%
        2017$6,367 $481,532 +2%
        2016$6,367 +0.6%$472,091 +1.5%
        2015$6,328 +43.9%$465,000 +44.1%
        2014$4,397 $322,758 +0.5%
        2013-- $321,300 +2%
        2012-- $315,000 -3.4%
        2011-- $326,000 -15.3%
        2010-- $385,000 -5.6%
        2009-- $408,000 -29.8%
        2008-- $581,000 +1.7%
        2007-- $571,178 +2%
        2006-- $559,980 +2%
        2005-- $549,000 +74.3%
        2003-- $315,000 +4.7%
        2002-- $300,900 +2%
        2001$3,554 +3.1%$295,000 +3.3%
        2000$3,447 $285,500
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 92260

        Getting around

        23 / 100
        Car-Dependent
        31 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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