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38850 Kelley Lane, Rancho Mirage, CA 92270

$7.25M5bd · 5ba · 4,029 sqft
Lot 166,835 sqftSingle Family Residence
Active
33d on marketMLS# 219151129

Property Description

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 Beyoncé 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.

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
10
Garage Spaces
2
Heating
Central, Forced Air, Heat Pump, Zoned
Cooling
Air Conditioning, Central Air, Electric, Heat Pump, Zoned
View
Desert, Mountain(s), Panoramic, Pool
Flooring
Concrete
Roof
Clay Tile, Foam
City
Rancho Mirage
Zip Code
92270
County
Riverside
Listed bySERHANT., 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 · 5 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 148.3% above the median closed sale of $2,920,125. Price per sqft ($1,799) is a 151% premium to closed comps ($718). 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 $2.92M
+$4.33M (+148.3%)
Active comps
vs active median $2.50M
+$4.75M (+190.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $744
+$1K (+141.9%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
14 Santa Rosa Mountain LaneRancho Mirage2006453,92220,038$1,052$4.13M19866
8 Collegiate CircleRancho Mirage2002453,66516,117$457$1.68M064
1 Siena Vista CourtRancho Mirage2021553,92216,988$637$2.50M5052
15 Via LineaRancho Mirage2025454,11915,462$1,064$4.38M11452
24 Via MonacoRancho Mirage2017453,92915,246$508$2.00M3550
Total: 5 · Average4.25.03,911.416,770.2$743.6$2.94M79.4
Median3,922$2.50M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1 Makena LaneRancho Mirage202407/16/2026454,48322,216$3.60M$3.60M$8031.004272
72400 Rancho RoadRancho Mirage196905/15/2026554,00018,731$2.60M$2.58M$6440.991668
79 Harmonious DriveRancho Mirage202508/05/2026454,18012,767$3.00M$2.92M$6990.971252
81 Royal Saint Georges WayRancho Mirage200706/30/2026454,14627,007$3.29M$3.05M$7360.9328651
3 Siena Vista CourtRancho Mirage202507/16/2026453,74816,553$2.95M$2.65M$7070.907551
Total: 5 · Average4.25.04,111.419,454.8$2.96M$2.96M$717.886.2
Median4,146$2.92M$2.92M

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.