706 Summit Cove, Palm Desert, California 92260, Palm Desert, 92260 - 7 bed, 12 bath

706 Summit Cove, Palm Desert, California 92260 home-pic-0
ACTIVE$62,000,000
706 Summit Cove, Palm Desert, California 92260
7Beds
12Baths
20,667Sqft
334,540Lot

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 = 334540, living area = 20667.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =334540, other record lot size in square feet = 123710.

Compared to the nearby listings

Price:$62.00M vs avg $825.0K (+$61,175,000)99%
Size:20,667 sqft vs avg 2,165.5 sqft99%
Price/sqft:$3.0K vs avg $37399%

More Insights

Built in 2007 (18 years old).
Condition: This property, built in 2007, is an architectural masterpiece designed by Guy Dreier and recognized as Robb Report's Ultimate Home of the Year. Despite being 17 years old, the description explicitly states it 'remains as relevant today as its first day of completion,' indicating a timeless design and meticulous maintenance to 'virtually new' standards. The images showcase unparalleled luxury with high-end finishes like titanium, copper, exotic woods, and Golden Onyx slabs in the master bath. The 'catering kitchen' implies professional-grade appliances, and all visible areas, including the intricate pools, custom lighting, and unique flooring, appear pristine with no signs of wear, tear, or outdated features. This estate exemplifies current quality standards with no deferred maintenance and minimal physical depreciation, aligning perfectly with the 'Excellent' criteria.
Year Built
2007
Close
-
List price
$62M
Original List price
$62M
Price/Sqft
$3,000
HOA
$1,726
Days on market
-
Sold On
-
MLS number
219139281DA
Home ConditionExcellent
Features
Excellent View: City Lights, Desert, Golf Course, Hills, Mountain(s), Panoramic, Valley
Pool
Spa
Patio
ViewCity Lights,Desert,Golf Course,Hills,Mountain(s),Panoramic,Valley

About this home

Welcome to the most breath-taking property in the Coachella Valley. Unparalleled in design, this sprawling estate has been organically constructed into a summit hilltop, offering unobstructed views of the entire valley. Intricately designed with stunning pools of water throughout, staggering mountain and valley views are enjoyed from every room of this home. Created by renowned architectural designer Guy Dreier, this home was recognized as Robb Report's Ultimate Home of the Year, and remains as relevant today as its first day of completion. An open-air glass elevator sets the tone upon arrival. Retractable walls of glass create the quintessential indoor outdoor living. Mirroring the natural terrain, the home features overlapping planes of copper and titanium. Curvilinear walls form asymmetrical pavilions, incorporating all sun exposures for the ultimate in outdoor living. The perfect selection of exotic woods, slab surfaces and custom rugs are orchestrated to create this stunning masterpiece of warmth and drama. The gracious living room includes a titanium-clad fireplace, wood ceilings, custom furnishings, sit-down bar and views of BIGHORN and the Santa Rosa Mountains. A warm dining room is easily accessed through an impressive aquarium walkway, comprised of titanium flooring, 3 tanks of exotic fish and rare sharks. The master suite is the epitome of luxury, with panoramic views, outdoor lounge area, private outdoor spa and fireplace. Golden Onyx slabs are back-lit and book-matched throughout the bedroom and bath areas, with separate boutique-style closets, vanities, office, exercise room, tub, shower and direct access to a private pool. In addition, the main residence has an additional sumptuous guest suite, staff quarters, catering kitchen, extensive storage, kennel, private owners' garage and guest garage. The guest pavilion contains four expansive bedroom suites, kitchen and living room, with direct access to pools, pavilion and sport court. The infamous private office is perched high into the rocks and sits on a plateau with unobstructed stunning views of simply everything. Intertwining sculptural pools offer a one-of-a-kind swimming experience. The outdoor pavilion is self-contained with living room, kitchen, bathroom, fireplaces and retractable electronic glass walls to protect from rare cool desert nights. This estate has no equal. Sitting on nearly 8 acres, furnishings included, you can own your own private resort within BIGHORN Golf Club.

Nearby schools

6/10
Rancho Mirage Elementary School
Public,K-54.4mi
8/10
Gerald R. Ford Elementary School
Public,K-55.3mi
3/10
Nellie N. Coffman Middle School
Public,6-88.5mi
7/10
Palm Desert High School
Public,9-123.9mi
6/10
Cathedral City High School
Public,9-128.9mi
4/10
Desert Learning Academy
Public,K-1211.9mi

Price History

Date
Event
Price
01/19/22
Sold
$35,700,000
Condition Rating
Excellent

This property, built in 2007, is an architectural masterpiece designed by Guy Dreier and recognized as Robb Report's Ultimate Home of the Year. Despite being 17 years old, the description explicitly states it 'remains as relevant today as its first day of completion,' indicating a timeless design and meticulous maintenance to 'virtually new' standards. The images showcase unparalleled luxury with high-end finishes like titanium, copper, exotic woods, and Golden Onyx slabs in the master bath. The 'catering kitchen' implies professional-grade appliances, and all visible areas, including the intricate pools, custom lighting, and unique flooring, appear pristine with no signs of wear, tear, or outdated features. This estate exemplifies current quality standards with no deferred maintenance and minimal physical depreciation, aligning perfectly with the 'Excellent' criteria.
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 = 334540, living area = 20667.
Iconic Architecture & Design: Designed by renowned architect Guy Dreier and recognized as Robb Report's Ultimate Home of the Year, this estate features unparalleled, organic construction with unique materials like copper and titanium, ensuring timeless relevance.
Unrivaled Panoramic Views: Perched on a summit hilltop, the property offers breathtaking, unobstructed panoramic views of the entire Coachella Valley, mountains, and golf course from every room and key outdoor living spaces.
Exceptional Luxury Amenities: The estate boasts an array of bespoke luxury features, including an open-air glass elevator, retractable walls of glass, an impressive aquarium walkway with exotic fish and sharks, intertwining sculptural pools, private spas, a catering kitchen, and a private office perched in the rocks.
Expansive Private Estate: Sprawling across nearly 8 acres within the prestigious BIGHORN Golf Club, this property provides ultimate privacy and extensive space, including a dedicated guest pavilion with four suites, staff quarters, and multiple garages.
Turnkey Ultra-Luxury Offering: Offered fully furnished, this property represents a complete, ready-to-enjoy private resort experience, minimizing immediate setup for the discerning buyer.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =334540, other record lot size in square feet = 123710.
Extremely Limited Buyer Pool: The ultra-high price point of $62 million significantly restricts the potential buyer demographic to a very niche market of ultra-high-net-worth individuals, potentially leading to a longer sales cycle.
High Ongoing Costs: A property of this scale and luxury, with extensive features, acreage, and complex systems, will undoubtedly incur substantial annual maintenance, utility, staffing, and association fees.
Highly Specific Aesthetic: While architecturally significant, the unique and dramatic design, including curvilinear walls and exotic elements, may appeal to a very specific taste, potentially narrowing its market appeal compared to more conventionally luxurious estates.

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