
38850 Kelley Lane, Rancho Mirage, CA 92270
38850 Kelley Lane, Rancho Mirage, CA 92270
Property Description
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.
Features & Amenities
Property Details
Mortgage Calculator
Current Rates
Comparative Market Analysis
Luxury Tier · 5 active · 4 closed
Not Applicable · Rancho Mirage · Single Family Residence
Listed 254.1% above the median closed sale of $2,047,500. Price per sqft ($1,799) is a 247% premium to closed comps ($518). Closed comps sold at 94% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 72145 Via Vail | Rancho Mirage | 2022 | 5 | 7 | 4,346 | 32,670 | $909 | $3.95M | 145 | 69 |
| 2 Echo Lane | Rancho Mirage | 2021 | 4 | 5 | 4,155 | 19,602 | $1,071 | $4.45M | 124 | 67 |
| 14 Santa Rosa Mountain Lane | Rancho Mirage | 2006 | 4 | 5 | 3,922 | 20,038 | $1,052 | $4.13M | 106 | 67 |
| 30 Mayfair Drive | Rancho Mirage | 1989 | 4 | 4 | 4,126 | 14,810 | $677 | $2.79M | 26 | 65 |
| 117 Calle De Las Rosas | Rancho Mirage | 2002 | 4 | 5 | 3,555 | 14,375 | $394 | $1.40M | 120 | 65 |
| Total: 5 · Average | 4.2 | 5.2 | 4,020.8 | 20,299 | $820.6 | $3.34M | 104.2 | |||
| Median | 4,126 | $3.95M | ||||||||
Closed Properties (4)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 72400 Rancho Road | Rancho Mirage | 1969 | 05/15/2026 | 5 | 5 | 4,000 | 18,731 | $2.60M | $2.58M | $644 | 0.99 | 16 | 71 |
| 137 Waterford Circle | Rancho Mirage | 2001 | 05/18/2026 | 4 | 5 | 4,520 | 18,731 | $2.50M | $2.35M | $519 | 0.94 | 52 | 49 |
| 13 Cassis | Rancho Mirage | 2006 | 05/15/2026 | 4 | 5 | 3,616 | 23,087 | $1.68M | $1.63M | $449 | 0.97 | 118 | 48 |
| 284 Loch Lomond Road | Rancho Mirage | 2002 | 06/01/2026 | 4 | 5 | 3,816 | 11,761 | $2.00M | $1.75M | $459 | 0.88 | 165 | 47 |
| Total: 4 · Average | 4.3 | 5.0 | 3,988 | 18,077.5 | $2.07M | $2.07M | $517.75 | — | 87.75 | ||||
| Median | 4,000 | $2.35M | $2.35M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.