20245 Penny Lane, Desert Hot Springs, California 92241, Desert Hot Springs, 92241 - 2 bed, 2 bath
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Desert Hot Springs, California 92241
Analysis of 20245 Penny Lane, Desert Hot Springs, California 92241 is currently available with a list price of $749,999. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Desert Hot Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Built in 2017, this property is less than 10 years old and remains in mint condition. The interior features modern designer finishes, high-end materials, and a contemporary kitchen with stainless steel appliances. Systems are up-to-date, including efficient mini-split HVAC units visible in the living areas.
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.
Built in 2017, this architecturally striking home features high-end designer finishes and expansive windows that capture breathtaking desert and mountain vistas from its elevated Sky Valley position.
The 4.74-acre lot offers exceptional privacy and includes a fully enclosed oversized RV garage plus a plumbed Airstream, providing immediate potential for guest housing or rental income.
At only 896 square feet, the living space is quite compact for a two-bedroom home, which may challenge buyers looking for more generous indoor proportions at this price point.
The property has undergone multiple significant price reductions from its original $899,000 listing, suggesting initial overvaluation relative to its size and remote location.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 32% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 896 | 1,768 | 18% |
| Lot Size | 206,474 | 175,982.5 | 55% |
| Price | $750.0K | $487.5K | 82% |
| Price per sq ft | $837 | $285 | 95% |
| Built year | 2017 | 1972 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 107 | 204 | 18% |
Apr 19, 2026
$749,999
$779,000
-4% Price Drop
Initial Listing
Jan 24, 2026
$779,000
$899,000
-13% Price Drop
Initial Listing
Jan 5, 2026
$899,000
Initial Listing
Nov 18, 2019
$40,000
Public Record