
Rancho Mirage, California 92270
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.
Property is new construction or fully renovated.
This is a brand-new 2024 architectural masterpiece in pristine, turnkey condition. The property features high-end designer finishes, including a modern chef's kitchen with premium integrated appliances, custom green mosaic tile work in the bathrooms, and state-of-the-art lighting and glass systems throughout. As a newly completed estate with no deferred maintenance, it meets the highest standards of quality and modern luxury.
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.
Designed by AIA Award-winning architect Robert Stone and featured in Wallpaper* Magazine's Top 25 Houses in the World, this estate is a globally recognized masterpiece that functions as a piece of fine art.
Sitting on 3.83 acres, the property offers more than double the lot size of the adjacent high-end development, providing rare scale and privacy in the heart of Rancho Mirage.
The avant-garde, glass-centric design and specific artistic vision may be too specialized for buyers seeking a more traditional or conventional desert luxury aesthetic.
The neighboring former Sinatra ranch is approved for a 16-lot development, which could lead to years of construction noise and traffic in the immediate vicinity.
Named one of Wallpaper* Magazine's Top 25 Houses in the World, 2025. Published in Robb Report, Mansion Global, and Palm Springs Life. Venue for the Palm Desert Food & Wine Festival Celebrity Chef Reception. Featured in the March 2026 Palm Springs Life Fashion Edition.THE DREAMER ESTATE by AIA Award-winning architect Robert Stone is not a home that needs an introduction. It needs to be experienced.Stone's residential work has been used as locations by Saint Laurent, Roberto Cavalli, and Beyonce. His architecture sits in the permanent collection of cultural relevance. This is his latest residential design on 3.83 acres in the heart of Rancho Mirage.THE ARCHITECTURE - Designed around the sun's path. A signature silver roof floats above walls of glass, dissolving the line between interior and desert landscape. Decorative breeze blocks cast intricate shadow patterns throughout the day. Every window frames the San Jacinto Mountains.THE SETTING - Located on private roads on Kelley Lane, the estate overlooks the former ranch of Frank Sinatra, now approved for development into 16 private lots expected between $5.5M and $6.8M. Roads are being cobbled and gated. The Dreamer Estate sits on 3.83 acres, more than double the largest lot in that new development, and it is already built.THE RESIDENCE - Four bedrooms including a serene primary suite and the Lil' Dreamer guest suite. Half-olympic pool. Curated outdoor spaces for intimate evenings or large-scale entertaining. Fully turnkey. Every element is intentional.This is architecture acquired the way you acquire art.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 91% |
| Baths | 5.0 | 3.0 | 76% |
| Square foot | 4,029 | 2,726 | 78% |
| Lot Size | 166,835 | 10,454 | 100% |
| Price | $7.25M | $1.11M | 100% |
| Price per sq ft | $1.8K | $438 | 100% |
| Built year | 2024 | 2001 | 97% |
| HOA | $0 | $445 | 12% |
| Days on market | 52 | 164 | 5% |
Mar 2, 2026
$7,250,000
Initial Listing
Jan 7, 2019
$540,000
Public Record