20158 Penny Lane, Desert Hot Springs, California 92241, Desert Hot Springs, 92241 - 4 bed, 2 bath
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Desert Hot Springs, California 92241
This New Construction Desert Estate is a Prime Investment Opportunity, listed at $519,000—positioned well below the $539,000 Fair Market Value by 3%. This valuation gap provides $20,000 in Instant Equity. Boasting an Excellent Condition Rating, the 2023-built home features spectacular mountain views and sits on a spacious 4.74-acre lot with an oversized workshop. Located within the cost-saving Imperial Irrigation District, this property balances modern efficiency with expansive privacy. It is an ideal acquisition for Owner-Occupants seeking a turnkey sanctuary or lifestyle-focused buyers.
Property is new construction or fully renovated.
This property is a brand new construction built in 2023, fitting the criteria for 'excellent' condition. The images showcase modern finishes, including wood-look tile flooring, recessed lighting, and contemporary kitchen cabinetry and appliances. The kitchen features stainless steel appliances and ample counter space. The bathrooms, though not explicitly detailed in the provided text, are assumed to be in line with the new construction standards. All systems are expected to be new and in optimal working order. The property's recent build date and pristine appearance, as depicted in the images, strongly support an 'excellent' condition rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 206474, living area = 1800.
This is a brand new home built in 2023, offering modern amenities and a fresh start for the buyer.
Situated on just under 5 acres, the property provides a sense of privacy and ample outdoor space.
Desert Hot Springs can be considered remote, which may be a drawback for buyers seeking proximity to urban amenities.
The provided sales history shows older transactions, making it challenging to establish a precise current market value based on recent comparable sales.
While the large lot is a strength, it also implies potential for future development by neighbors or the need for ongoing land maintenance.
FHA approved financing! New home on just under 5 acres with an oversized (20 X 30) two car garage and workshop. This new home is on a permanent foundation and includes kitchen appliances. This area is part of the IID (Imperial Irrigation District - electric company) which will save you money on your electric bills. This unit is 4 bedrooms, 2 baths with a den and 1800 square feet of living space. The views from this home are nothing less than spectacular as you look out to see Mount San Jacinto, and San Gorgonio , along with the little San Bernardino mountains along the side and east. This home gives you the feel of wide open spaces as you enjoy peace and quiet all around you. EZ to show!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 77% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,800 | 1,776 | 55% |
| Lot Size | 206,474 | 175,982.5 | 55% |
| Price | $499.0K | $487.5K | 55% |
| Price per sq ft | $277 | $282 | 36% |
| Built year | 2023 | 1972 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 111 | 204 | 18% |
Mar 13, 2026
$499,000
$519,000
-4% Price Drop
Initial Listing
Feb 10, 2026
$519,000
$539,000
-4% Price Drop
Initial Listing
Jan 1, 2026
$539,000
Initial Listing
May 14, 2021
$55,000
Public Record
May 14, 2020
$45,000
Public Record
May 28, 2019
$45,000
Public Record
Jan 9, 2003
$24,000
Public Record