740 N Prescott Drive, Palm Springs, California 92262, Palm Springs, 92262 - 5 bed, 6 bath

740 N Prescott Drive, Palm Springs, California 92262 home-pic-0

740 N Prescott Drive

Palm Springs, California 92262

ACTIVE
CONDITION: EXCELLENT
5Beds
6Baths
4,527Sq Ft
24,829Lot Size

Property Price

LIST PRICE$7,250,000
EST. MARKET VALUE
$7,250,000

SUMMARY

Analysis of 740 N Prescott Drive, Palm Springs, California 92262 reveals a Fairly Priced Property with a current list price of $7,250,000  aligned with the estimated $7,250,000 Fair Market Value. This represents a stable investment opportunity at market rate. 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 Springs 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.

Estimated Market Value

$7,250,000
Based on Realkey algorithm analyzing recent comparable sales in Palm Springs.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
740 N Prescott Drive
Subject
$7,250,000*
List Price
564,527$1,602-
A
1350 Ladera Circle
Sold
$7,300,000454,695$1,5550.7 mi
B
535 N Belardo Road
Active
$9,300,000
List Price
665,822$1,5970.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This property was built in 2016 and completed in 2017, making it virtually new. The description highlights a custom Italian Valcucine kitchen with Miele appliances, high-end finishes like limestone and hardwood floors, Venetian plaster walls, and smart home integration. The images confirm a pristine, modern, and luxurious aesthetic throughout, especially in the kitchen and bathrooms, with no signs of wear or deferred maintenance. All components meet 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 = 24829, living area = 4527.

  • Exceptional Architecture & Design

    An 'unapologetically exuberant architectural statement' by renowned architect Narendra Patel, featuring a 'dramatic floating roof' that frames mountain views and masterfully balances grandeur with warmth.

  • Premium Finishes & Craftsmanship

    Defined by 'refined materials and impeccable craftsmanship,' including limestone and hardwood floors, Venetian plaster walls, 9-foot solid wood doors, and a custom Italian Valcucine kitchen with Miele appliances.

CONSRISKS & DEFICIENCIES

  • Niche Architectural Style

    The 'unapologetically exuberant architectural statement' and unique 'dramatic floating roof' may appeal to a specific buyer aesthetic, potentially limiting the market to those who appreciate its distinct modern design.

  • High Maintenance Potential

    The extensive custom features, high-end materials, and integrated smart home systems, while luxurious, could imply higher ongoing maintenance costs and require specialized servicing.

  • High Price Point

    With a list price of $7.25 million, this property targets a very exclusive segment of the market, which inherently narrows the pool of potential buyers.

About 740 N Prescott Drive

One of the rare newer custom residences completed in 2017 within one of Palm Springs' oldest and most storied neighborhoods, 740 N Prescott is an unapologetically exuberant architectural statement that masterfully balances grandeur with warmth. Designed for a showcase of your personal art and through a long and deliberate collaboration between visionary clients and renowned architect Narendra Patel of Patel Architecture, Inc., this extraordinary estate is a stunning expression of indigenous materials, natural light, and thoughtful modern design.The home's defining feature is its dramatic floating roof--a soaring canopy that appears to hover above the residence, framing breathtaking views of Mt. San Jacinto while creating a captivating sense of spatial ambiguity. Sculptural, tectonic-inspired forms shape the underside of the roof, which discreetly conceals the home's lighting and mechanical systems, preserving clean architectural lines throughout. Inside, refined materials and impeccable craftsmanship define every space. Limestone and hardwood floors, Venetian plaster walls, 9-foot solid wood doors, and a sleek gas fireplace set a tone of understated luxury. The custom Italian Valcucine kitchen from Milan anchors the home with recycled wood cabinetry, Miele appliances, dual dishwashers, dual wine refrigerators, steam oven, built-in coffee system, walk-in pantry, and water softener system--perfectly suited for both everyday living and elevated entertaining.Designed for seamless indoor-outdoor living, the home features automated windows and motorized blinds in key living spaces and bedrooms, opening to a new pool deck and saltwater pool. Entertaining is elevated further by the iconic sunken onyx bar--The Sinatra Bar--complete with its own powder room and dramatic design flair.The primary suite is a private sanctuary featuring dual vanities, soaking tub, sunken shower, and limestone floors. Three additional guest suites offer bespoke finishes including onyx and Italian sinks, walk-in closets, automated blinds, and designer-tiled baths. A separate 383 sq. ft. casita provides exceptional flexibility with a full kitchenette, marble counters, dual-vanity bath, and tile shower.Additional features include a California red cedar roof, three HVAC systems, a mini-split in the garage, fire sprinkler system, service entry, smart home integration, marble laundry room, six-camera security system and large 3 car garage.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2016
Lot Size
24,829 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
6 (6 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Palm Springs Unified Schools

Katherine Finchy Elementary School

Grades K-5 • 0.6 mi

7/10

Raymond Cree Middle School

Grades 6-8 • 1.1 mi

4/10

Desert Learning Academy

Grades K-12 • 2.0 mi

4/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
95%
Baths6.03.0
97%
Square foot4,5271,964
98%
Lot Size24,8299,583
99%
Price$7.25M$900.0K
100%
Price per sq ft$1.6K$478
100%
Built year20161989
79%
HOA$0$0
50%
Days on market83180
8%

Pricing History

Listed for Sale

Dec 15, 2025

$7,250,000

Initial Listing

Sold

Feb 7, 2013

$1,000,000

Public Record

Sold

May 28, 2004

$1,395,000

Public Record

Sold

May 11, 1999

$885,000

Public Record

Sold

Feb 14, 1997

$675,000

Public Record

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