185 Pena Lane, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 4 bath

185 Pena Lane, Palm Springs, California 92262 home-pic-0
ACTIVE$2,030,000
185 Pena Lane, Palm Springs, California 92262
3Beds
4Baths
2,245Sqft
Lot
Year Built
2025
Close
-
List price
$2.03M
Original List price
$1.88M
Price/Sqft
$904
HOA
$620
Days on market
-
Sold On
-
MLS number
219127638PS
Home ConditionExcellent
Features
Excellent View: Mountain(s), Panoramic
Deck
Pool
Patio
ViewMountain(s), Panoramic

About this home

We found 3 Cons,5 Pros. Rank: price - $2.03M(90th), sqft - 2245(56th), beds - 3(50th), baths - 4(70th).

Welcome to The Twelve At Old Las Palmas, a unique enclave of twelve luxury residences nestled in the most sought after neighborhood of Palm Springs. Downtown living meets old world elegance in this new construction community surrounded by some of the most important estate homes in the desert. Walkable to the best shops and restaurants on Palm Canyon Drive. One of the most seasoned developers in the desert with decades of experience aligned with Michael Walters of Dakota DesignWorks to create this small collection of sophisticated yet casual, and ultimately very livable homes. The first phase - AVAILABLE NOW - features three FULLY DETACHED residences. Unit 1 (181 Pena Lane), the crown jewel of the community, sits directly on Camino Norte and enjoys unobstructed mountain views and the largest yard and pool in the community. Unit 2 (183 Pena Lane) and Unit 3 (185 Pena Lane) also share no walls with their neighbors. All three feature spectacular, fully outfitted roof decks with outdoor kitchens, lounging areas with fireplace and private elevators. Views are simply magnificent -- a sea of palm trees and Mt San Jacinto above the estates of Old Las Palmas. Each home has its own dipping pool. The design details are extraordinary and luxurious throughout, including fully pocketed glass sliders, solid wood doors, high end appliances and custom metalwork. The Old Las Palmas location is unparalleled. The opportunity to enjoy a low maintenance, high end, new construction home in this location is unique. The community areas are as tailored and curated as the homes, with cobble streets and architectural details which fully enclose the community and create a world apart, just steps from the activity of downtown Palm Springs. Call today for more information and private showings.

Price History

Date
Event
Price
08/19/25
Price Change
$2,030,000
04/01/25
Listing
$1,875,000
Condition Rating
Excellent

This property is brand new construction, built in 2025, and described as a luxury residence with extraordinary design details and high-end appliances. The images, which are renderings of the finished product, showcase modern aesthetics, pristine conditions, and premium features including a fully outfitted rooftop kitchen, private elevator, and dipping pool. All components are new, meeting the highest quality standards with no deferred maintenance.
Pros & Cons

Pros

Unbeatable Location: Situated in the highly coveted Old Las Palmas, offering exceptional walkability to downtown Palm Springs' premier shops and restaurants.
Brand New Luxury Construction: A 2025 build within an exclusive, low-maintenance luxury enclave, ensuring modern design, efficiency, and high-end living.
Premium Amenities & Finishes: Features include a private elevator, fully outfitted rooftop deck with outdoor kitchen and fireplace, private dipping pool, and extraordinary luxury finishes throughout.
Panoramic Mountain & City Views: Offers magnificent, unobstructed panoramic views of Mt. San Jacinto and the surrounding estates, enhancing the property's appeal.
Detached & Private Residences: Each home is fully detached, providing superior privacy and a sense of exclusivity within the curated community.

Cons

Substantial HOA Fees: The monthly association fee of $620 is considerably high, adding a significant recurring cost to homeownership.
Recent Price Escalation: The property has seen a recent price increase from $1.875M to $2.03M, which might raise questions about value or market competitiveness.
Compact Living Space for Price: At 2245 sqft for a 3-bed, 4-bath home priced over $2M, some buyers may find the interior living space relatively compact compared to other luxury options at this price point.

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