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38850 Kelley Lane, Rancho Mirage, CA 92270

$7.25M5bd · 5ba · 4,029 sqft
Lot 166,835 sqftSingle Family Residence
Active
99d on marketMLS# 219144081

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

Not ApplicableFeeBuilt 2024

Property Details

Subdivision
Not Applicable
Land Type
Fee
Year Built
2024
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
11
Garage Spaces
2
Heating
Central, Fireplace(s), Forced Air, Zoned, Electric
Cooling
Air Conditioning, Central Air, Electric, Zoned
View
Mountain(s), Panoramic, Pool
Flooring
Stained Concrete
Roof
Clay Tile
City
Rancho Mirage
Zip Code
92270
County
Riverside
Listed byKW Coachella Valley, Simon J Court·424-333-8606

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$36,659.95
Principal & Interest
Loan Amount
$5,800,000
Total Interest
$7,397,580
Total Payment Over 30 Years
$13,197,580
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 4 closed

38850 Kelley Lane, Rancho Mirage, CA 92270

Not Applicable · Rancho Mirage · Single Family Residence

$7.25M
Luxury Tier
Beds
5
Baths
5
Sqft
4,029
Lot
3.83 ac
Year
2024
$/Sqft
$1799
Pool: Yes
Spa: Yes
View: city
Garage: 2-car

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.

Premium
Subject listed at $7.25M· $1,799/sqft
Total list price
Closed comps
vs closed median $2.35M
+$4.91M (+209.2%)
Active comps
vs active median $3.95M
+$3.30M (+83.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $821
+$978 (+119.2%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
72145 Via VailRancho Mirage2022574,34632,670$909$3.95M14569
2 Echo LaneRancho Mirage2021454,15519,602$1,071$4.45M12467
14 Santa Rosa Mountain LaneRancho Mirage2006453,92220,038$1,052$4.13M10667
30 Mayfair DriveRancho Mirage1989444,12614,810$677$2.79M2665
117 Calle De Las RosasRancho Mirage2002453,55514,375$394$1.40M12065
Total: 5 · Average4.25.24,020.820,299$820.6$3.34M104.2
Median4,126$3.95M

Closed Properties (4)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
72400 Rancho RoadRancho Mirage196905/15/2026554,00018,731$2.60M$2.58M$6440.991671
137 Waterford CircleRancho Mirage200105/18/2026454,52018,731$2.50M$2.35M$5190.945249
13 CassisRancho Mirage200605/15/2026453,61623,087$1.68M$1.63M$4490.9711848
284 Loch Lomond RoadRancho Mirage200206/01/2026453,81611,761$2.00M$1.75M$4590.8816547
Total: 4 · Average4.35.03,98818,077.5$2.07M$2.07M$517.7587.75
Median4,000$2.35M$2.35M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.