20245 Penny Lane, Desert Hot Springs, California 92241, Desert Hot Springs, 92241 - 2 bed, 2 bath

20245 Penny Lane, Desert Hot Springs, California 92241 home-pic-0
ACTIVE$899,000$896/sqft
20245 Penny Lane, Desert Hot Springs, California 92241
2Beds
2Baths
896Sqft
206,474Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Available Lot Utilization: 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 = 896.
Top Cons:
Limited Interior Square Footage: With only 896 sqft of living space, the interior footprint is relatively small, which may not align with buyer expectations for a property on a 4.74-acre lot at this price point.

Compared to the nearby listings

Price:$899.0K vs avg $504.5K (+$394,500)80%
Size:896 sqft vs avg 1,901 sqft15%
Price/sqft:$1.0K vs avg $28495%

More Insights

Built in 2017 (9 years old).
Condition: Built in 2017, this property is practically new construction. The images showcase a modern aesthetic throughout, with a kitchen featuring contemporary flat-panel cabinetry, white solid-surface countertops, a stylish blue tile backsplash, and stainless steel appliances that appear new. Bathrooms are equally modern with floating vanities, updated fixtures, and large format tile. Flooring is consistent wood-look plank, and the home benefits from efficient mini-split HVAC systems. All components are virtually new, reflecting current quality standards and no visible deferred maintenance.
Year Built
2017
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$1,003
HOA
-
Days on market
-
Sold On
-
MLS number
219140768DA
Home ConditionExcellent
Features
Excellent View: Desert, Hills, Mountain(s), Panoramic
Patio
ViewDesert, Hills, Mountain(s), Panoramic

About this home

Desert Stone, Modern Desert Living with privacy and versatility in Sky Valley. This architecturally striking modern home sits on a 4.74-acre parcel with expansive desert and mountain views. The open floor plan features large windows, abundant natural light, high-end materials, and designer finishes throughout. No photo can capture the true beauty or feeling of this home, it must be seen in person to be fully appreciated. The property includes a fully enclosed oversized RV/toy garage for secure storage, a covered carport, and a plumbed Airstream ready for guest use or potential rental income (buyer to verify). Low-maintenance desert landscaping provides beauty with minimal upkeep, ideal for full-time living, a weekend retreat, or an investment opportunity. Modern utility upgrades enhance comfort and efficiency. Located in a desirable, private area with room to expand. This land is thoughtfully designed with mature landscaping and irrigation. The neighboring 4.74-acre parcel is also available for purchase, offering the opportunity to create a nearly 10-acre compound. A rare blend of modern design, open space, privacy, and flexible use.

E
Errikka Paiz
Listing Agent

Price History

Date
Event
Price
11/18/19
Sold
$40,000
Condition Rating
Excellent

Built in 2017, this property is practically new construction. The images showcase a modern aesthetic throughout, with a kitchen featuring contemporary flat-panel cabinetry, white solid-surface countertops, a stylish blue tile backsplash, and stainless steel appliances that appear new. Bathrooms are equally modern with floating vanities, updated fixtures, and large format tile. Flooring is consistent wood-look plank, and the home benefits from efficient mini-split HVAC systems. All components are virtually new, reflecting current quality standards and no visible deferred maintenance.
Pros & Cons

Pros

High Available Lot Utilization: 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 = 896.
Expansive Acreage & Privacy: Situated on a generous 4.74-acre parcel, the property offers exceptional privacy, open space, and significant room for future expansion, with an adjacent parcel also available for purchase.
Architectural Modern Design & Finishes: This architecturally striking modern home features an open floor plan, abundant natural light, high-end materials, and designer finishes throughout, appealing to contemporary tastes.
Panoramic Desert & Mountain Views: The property boasts expansive and panoramic desert, hill, and mountain views, providing a serene and picturesque backdrop.
Valuable Auxiliary Amenities: Includes a fully enclosed oversized RV/toy garage, a covered carport, and a plumbed Airstream, offering versatile storage, guest accommodation, or potential rental income opportunities.
Newer Construction & Efficiency: Built in 2017, the home benefits from modern utility upgrades, ensuring enhanced comfort, energy efficiency, and reduced immediate maintenance concerns.

Cons

Limited Interior Square Footage: With only 896 sqft of living space, the interior footprint is relatively small, which may not align with buyer expectations for a property on a 4.74-acre lot at this price point.
Geographic Market Perception: Located in Desert Hot Springs, the market perception and demand may differ from more established or higher-priced desert communities, potentially impacting broad appeal or resale value.
Reliance on In-Person Viewing: The description emphasizes that photos don't capture its true beauty, which could be a hurdle for attracting initial interest from remote buyers who rely heavily on online visual representation.
Browse Properties by State Browse housing market trends by state