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

706 Summit Cove
Palm Desert, California 92260
Property Price
SUMMARY
Analysis of 706 Summit Cove, Palm Desert, California 92260 is currently available with a list price of $62,000,000. 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 Palm Desert 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 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including the intricate pools, custom lighting, and unique flooring, appear pristine with no signs of wear, tear, or outdated features.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.
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 = 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.
CONSRISKS & DEFICIENCIES
- 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.
About 706 Summit Cove
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2007
- Lot Size
- 334,540 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 12 (12 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1726.0 / Month
Neighborhood Insights
Palm Desert Unified Schools
Rancho Mirage Elementary School
Grades K-5 • 4.4 mi
Gerald R. Ford Elementary School
Grades K-5 • 5.3 mi
Nellie N. Coffman Middle School
Grades 6-8 • 8.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 99% |
| Baths | 12.0 | 3.0 | 99% |
| Square foot | 20,667 | 2,309 | 99% |
| Lot Size | 334,540 | 10,019 | 99% |
| Price | $62.00M | $870.5K | 99% |
| Price per sq ft | $3.0K | $390 | 99% |
| Built year | 2007 | 1983 | 94% |
| HOA | $1726.0 | $0 | 90% |
| Days on market | 101 | 160 | 17% |
Pricing History
Listed for Sale
Nov 26, 2025
$62,000,000
Initial Listing
Sold
Jan 19, 2022
$35,700,000
Public Record












































