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74720 Old Prospector Trail, Palm Desert, California 92260, Palm Desert, 92260 - 5 bed, 6 bath

74720 Old Prospector Trail, Palm Desert, California 92260 home-pic-0
ACTIVE$3,600,000
74720 Old Prospector Trail, Palm Desert, California 92260
5Beds
6Baths
5,749Sqft
33,541Lot

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 = 33541, living area = 5749.
Top Cons:
Age of Property: Built in 1976, the property is older, which may imply potential for aging infrastructure or systems that could require future maintenance or updates not explicitly detailed in the description.

Compared to the nearby listings

Price:$3.60M vs avg $825.0K (+$2,775,000)93%
Size:5,749 sqft vs avg 2,165.5 sqft96%
Price/sqft:$626 vs avg $37388%

More Insights

Built in 1976 (49 years old).
Condition: Built in 1976, this property has undergone significant updates, most notably a 'newly renovated bathroom' in the primary suite, which aligns with recent, high-quality standards. While the entire property may not have been extensively renovated within the last 5 years to qualify as 'Excellent,' the description and implied quality from the images suggest a very well-maintained home with modern, high-end features. The kitchen, though not explicitly called 'newly renovated,' is described as a gathering place with an island, indicating an updated and functional space. Other areas, like the custom millwork in the office and the seamless indoor-outdoor living, point to substantial investments and continuous upkeep over the last 20 years by the current owners. The property is move-in ready, with major systems functional and components updated within the last 5-15 years, fitting the 'Good' category.
Year Built
1976
Close
-
List price
$3.6M
Original List price
$3.89M
Price/Sqft
$626
HOA
-
Days on market
-
Sold On
-
MLS number
219125044DA
Home ConditionGood
Features
Excellent View: Mountain(s), Pool
Pool
Spa
Patio
ViewMountain(s), Pool

About this home

Deep Canyon Ranch Private Estate - One of twelve expanded lots in a special, highly sought after section of South Palm Desert. The sprawling Spanish Ranch is set among a splendidly landscaped, .77 acre lot, featuring mature trees, a spectacular custom putting and chipping course, and the heart of the home - the English gardens. The world around you disappears as you enter into the private, gated property. Warmth exudes upon entering the home. A cherished family home for the last 20 years, this is truly a place where memories are made. The living areas flow beautifully from indoor to out through large pocketing sliders. A covered patio area with built in heaters, a fireplace, and media cabinet is a great addition to the living space. The kitchen is a place where people will gather, with barstool seating around the island - a casual sitting area is adjacent to the kitchen. The formal dining room is luxurious and is finished in Ritz-Carlton Gray. The Primary Suite is a retreat - enjoy views out to the pool area, or cozy evenings by the fireplace. A spa-like soaking tub is a highlight of the newly renovated bathroom. Dual walk-in closets and dual water closets keep everyone happy! A handsome office with custom millwork opens to a private patio off the back of the home. Two Guest Suites, a media room, and a powder bath round out the main house. The Guest House features two bedrooms, two baths, and a living room with eating area and kitchenette. We look forward to sharing this home with you!

Condition Rating
Good
Built in 1976, this property has undergone significant updates, most notably a 'newly renovated bathroom' in the primary suite, which aligns with recent, high-quality standards. While the entire property may not have been extensively renovated within the last 5 years to qualify as 'Excellent,' the description and implied quality from the images suggest a very well-maintained home with modern, high-end features. The kitchen, though not explicitly called 'newly renovated,' is described as a gathering place with an island, indicating an updated and functional space. Other areas, like the custom millwork in the office and the seamless indoor-outdoor living, point to substantial investments and continuous upkeep over the last 20 years by the current owners. The property is move-in ready, with major systems functional and components updated within the last 5-15 years, fitting the 'Good' category.
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 = 33541, living area = 5749.
Expansive & Amenity-Rich Grounds: The property boasts a generous .77-acre private, gated lot featuring mature trees, meticulously maintained English gardens, and a spectacular custom putting and chipping course, offering unparalleled outdoor living and recreation.
Separate Guest House: A dedicated guest house with two bedrooms, two baths, a living room, and a kitchenette provides exceptional flexibility for multi-generational living, staff accommodation, or private guest quarters.
Luxurious Primary Suite & Renovations: The primary suite serves as a true retreat with pool views, a fireplace, a newly renovated spa-like bathroom featuring a soaking tub, dual walk-in closets, and dual water closets, enhancing comfort and luxury.
Seamless Indoor-Outdoor Living: Large pocketing sliders create a beautiful flow from the interior living areas to an extensive covered patio, complete with built-in heaters, a fireplace, and a media cabinet, ideal for year-round entertaining.
Prime Location & Desirable Views: Situated in a highly sought-after section of South Palm Desert within the Deep Canyon Ranch Private Estate, the property offers desirable mountain and pool views, contributing to its exclusivity and appeal.

Cons

Age of Property: Built in 1976, the property is older, which may imply potential for aging infrastructure or systems that could require future maintenance or updates not explicitly detailed in the description.
Price Reduction: The property has undergone a price reduction from its original list price of $3.89M to $3.6M, which could suggest it was initially overpriced or has faced market resistance at its higher price point.
Extensive Grounds Maintenance: The large .77-acre lot with elaborate landscaping, including English gardens and a custom putting course, will require significant ongoing maintenance and associated costs, which may not appeal to all buyers.

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