38850 Kelley Lane, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 5 bed, 5 bath

38850 Kelley Lane
Rancho Mirage, California 92270
Property Price
SUMMARY
Analysis of 38850 Kelley Lane, Rancho Mirage, California 92270 is currently available with a list price of $7,250,000. 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 Rancho Mirage 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This is a brand-new 2024 luxury construction designed by an AIA Award-winning architect. The property features state-of-the-art architectural elements, including a signature silver roof and walls of glass, with all interior components, high-end kitchen finishes, and mechanical systems being brand new and meeting the highest current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 166835, living area = 4029.
- Architectural Pedigree
Designed by AIA Award-winning architect Robert Stone and recognized by Wallpaper* magazine as a top house of 2025, this estate offers immense cultural capital and world-class design.
- Expansive Private Acreage
Set on nearly 4 acres of private land in the heart of Rancho Mirage, the property provides rare scale, privacy, and panoramic views of the San Jacinto Mountains.
CONSRISKS & DEFICIENCIES
- Niche Aesthetic Appeal
The avant-garde architectural style and specific 'Dreamer' theme may appeal primarily to a narrow segment of art collectors rather than the broader luxury market.
- High Maintenance Requirements
The extensive use of glass walls and intricate decorative breeze blocks in a desert environment will likely require significant upkeep and result in high cooling costs.
About 38850 Kelley Lane
THE DREAMER ESTATE - A work of art to be collected and lived in. This internationally recognized work by AIA Award-winning architect Robert Stone, conceived not just as a home but as a significant piece of California architecture. This is an acquisition of cultural capital. THE ARCHITECTURE - An orchestration of light and form, the residence is designed around the sun's path. A signature silver roof floats above walls of glass, dissolving the boundary between interior sanctuary and desert landscape. Decorative breeze blocks create intricate shadow play - a hallmark of Stone's work - while the structure itself frames uninterrupted views of the San Jacinto Mountains. THE PROVENANCE - The estate's cultural pedigree is undisputed. Named one of Wallpaper* magazine's Top 25 Houses of 2025. Published in Robb Report, Mansion Global, and Palm Springs Life. Venue for the upcoming Palm Desert Food & Wine Festival Celebrity Chef Reception and featured in the March 2026 Palm Springs Life Fashion Edition. THE SETTING - Located on Kelley Lane in the heart of Rancho Mirage on private roads, the estate overlooks the former ranch of Frank Sinatra, now being transformed into an exclusive luxury enclave. The grounds feature a pristine half-olympic pool and curated outdoor spaces for reflection or grand-scale entertaining. THE RESIDENCE - Interior spaces are both dramatic and intimate. A serene primary suite provides a private retreat, complemented by guest accommodations including the whimsical Lil' Dreamer suite. Every element is intentional, contributing to the experience of living within a masterpiece. For the connoisseur of art, architecture, and culture. Call for your private appointment to view The Dreamer Estate.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2024
- Lot Size
- 166,835 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 5.0 | 3.0 | 75% |
| Square foot | 4,029 | 2,771 | 79% |
| Lot Size | 166,835 | 10,454 | 100% |
| Price | $7.25M | $1.10M | 100% |
| Price per sq ft | $1.8K | $433 | 100% |
| Built year | 2024 | 1999 | 97% |
| HOA | $0 | $445 | 13% |
| Days on market | 5 | 155 | 0% |
Pricing History
Listed for Sale
Mar 2, 2026
$7,250,000
Initial Listing
Sold
Jan 7, 2019
$540,000
Public Record

































