345 Crest Lake Drive, Palm Desert, California 92211, Palm Desert, 92211 - 4 bed, 6 bath
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Palm Desert, California 92211
This Spectacular Custom Golf Course Estate is a Strong Value Opportunity, listed at $2,600,000—positioned well below the $2,790,454 Fair Market Value by 6%. This valuation gap provides $190,454 in Instant Equity for the discerning buyer. Boasting a Condition Rating of 3, the 7,185 square foot residence features Panoramic Mountain Views, a Multi-Level Pool and Spa, and proximity to James Earl Carter Elementary. While the interior offers Potential for Modernization, the massive scale and developer-pedigree ensure long-term appreciation. This is an elite acquisition for Owner-Occupants or Luxury Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 345 Crest Lake Drive Subject | $2,400,000* List Price | 4 | 6 | 7,185 | $353 | - |
A 352 Crest Lake Drive Active Under Contract | $1,699,000 List Price | 4 | 5 | 4,711 | $361 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1990, this custom estate is exceptionally well-maintained and move-in ready. The kitchen has been updated with granite countertops and stainless steel appliances, and the bathrooms feature high-end materials like marble. While the overall aesthetic—including the heavy window treatments, oak-style cabinetry, and fluorescent kitchen light box—is dated and reflects a 'Potential for Modernization' as noted in the listing, the property shows minimal wear and tear and high-quality construction consistent with a well-preserved luxury residence.
The estate offers breathtaking, unobstructed views of the mountains and golf course, framed by expansive walls of glass throughout the main living areas.
Originally built as the developer's personal residence, this 7,185 sqft home features unique architectural details and specialized amenities like a home gym and media suite.
The property boasts a private gated courtyard with a fountain and a multi-level pool and spa area complete with an outdoor fireplace, ideal for high-end entertaining.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
Built in 1990, some interior elements or mechanical systems may require updating to meet the contemporary aesthetic and efficiency standards expected at this price point.
The significant square footage and extensive outdoor water features will likely result in substantial ongoing utility and upkeep expenses, particularly in the desert climate.
AMAZING BUY-Spectacular Mountain & Golf Course View Estate -Offering breathtaking panoramic mountain and golf course views, this remarkable 7,185 square foot custom estate is the most distinctive residence in Desert Falls Estates. Originally constructed by the developer of Desert Falls Country Club as his personal residence, the home was thoughtfully designed to capture the beauty of the surrounding views while offering exceptional scale, privacy, and luxury.Arrival begins through a private gated courtyard highlighted by a dramatic fountain that creates an elegant and tranquil first impression. Inside, the home opens to a grand great room with expansive living spaces, featuring a formal living area with fireplace and a spacious dining room designed to comfortably accommodate gatherings of ten or more guests. Walls of glass frame sweeping views of the pool, golf course, and the dramatic mountain backdrop, filling the home with natural light and creating a truly unforgettable setting.The expansive chef's kitchen is designed for both everyday living and large-scale entertaining. A generous breakfast island serves as the centerpiece, offering stunning views while providing abundant preparation space. The kitchen also includes a charming breakfast area with its own fireplace--perfect for relaxed mornings while enjoying the surrounding scenery and pool area.Outdoor living is equally impressive. The home features a large multi-level pool and spa retreat designed for entertaining, complete with an outdoor fireplace, multiple lounge areas, and exceptional privacy. Surrounded by sweeping mountain vistas and lush golf course greens, this outdoor environment offers an ideal setting for both intimate relaxation and memorable gatherings.The luxurious primary suite is a private retreat offering exceptional scale and comfort. The spa-inspired primary bath features a marble soaking tub, dual island-style vanities, an oversized walk-in shower, and two spacious walk-in closets. This suite also includes a versatile private room with fireplace, ideal for a home office, media lounge, or quiet sitting room.Additional amenities include three junior suites, a home gym, game and media suite, and an elegant wet bar, creating abundant space for both family living and entertaining. Designed with seamless indoor-outdoor flow, the residence offers an exceptional lifestyle of comfort, privacy, and desert elegance.Offered Furnished
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 78% |
| Baths | 6.0 | 2.0 | 99% |
| Square foot | 7,185 | 1,942 | 100% |
| Lot Size | 20,909 | 6,534 | 99% |
| Price | $2.40M | $575.0K | 99% |
| Price per sq ft | $334 | $312 | 65% |
| Built year | 1990 | 1999 | 20% |
| HOA | $263.0 | $398 | 33% |
| Days on market | 31 | 160 | 1% |
Apr 10, 2026
$2,400,000
$2,600,000
-8% Price Drop
Initial Listing
Mar 23, 2026
$2,600,000
Initial Listing
Sep 8, 2010
$1,290,000
Public Record
Jan 20, 1998
$935,000
Public Record