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

740 N Prescott Drive
Palm Springs, California 92262
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 740 N Prescott Drive Subject | $7,250,000* List Price | 5 | 6 | 4,527 | $1,602 | - |
A 1350 Ladera Circle Sold | $7,300,000 | 4 | 5 | 4,695 | $1,555 | 0.7 mi |
B 535 N Belardo Road Active | $9,300,000 List Price | 6 | 6 | 5,822 | $1,597 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
Raymond Cree Middle School
Grades 6-8 • 1.1 mi
Desert Learning Academy
Grades K-12 • 2.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 95% |
| Baths | 6.0 | 3.0 | 97% |
| Square foot | 4,527 | 1,964 | 98% |
| Lot Size | 24,829 | 9,583 | 99% |
| Price | $7.25M | $900.0K | 100% |
| Price per sq ft | $1.6K | $478 | 100% |
| Built year | 2016 | 1989 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 83 | 180 | 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





















































