38850 Kelley Lane Rancho Mirage, CA $ 7,250,000
38850 Kelley Lane
$ 7,250,000
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38850 Kelley Lane

Rancho Mirage, CA, 92270
$ 7,250,000
Bedrooms5 Baths4.1 Sq 4,029

Monthly Estimate*

$ 45,777

Listed by KW Coachella Valley
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Single Family Home for sale in Rancho Mirage, CA

for $7,250,000 with 5 bedrooms and 4 full baths, 1 half bath. This 4,029 square foot home was built in 2024 on a lot size of 3.83.

Named one of Wallpaper* Magazine's Top 25 Houses in the World, 2025. Published in Robb Report, Mansion Global, and Palm Springs Life. Venue for the Palm Desert Food & Wine Festival Celebrity Chef Reception. Featured in the March 2026 Palm Springs Life Fashion Edition.THE DREAMER ESTATE by AIA Award-winning architect Robert Stone is not a home that needs an introduction. It needs to be experienced.Stone's residential work has been used as locations by Saint Laurent, Roberto Cavalli, and Beyonce. His architecture sits in the permanent collection of cultural relevance. This is his latest residential design on 3.83 acres in the heart of Rancho Mirage.THE ARCHITECTURE - Designed around the sun's path. A signature silver roof floats above walls of glass, dissolving the line between interior and desert landscape. Decorative breeze blocks cast intricate shadow patterns throughout the day. Every window frames the San Jacinto Mountains.THE SETTING - Located on private roads on Kelley Lane, the estate overlooks the former ranch of Frank Sinatra, now approved for development into 16 private lots expected between $5.5M and $6.8M. Roads are being cobbled and gated. The Dreamer Estate sits on 3.83 acres, more than double the largest lot in that new development, and it is already built.THE RESIDENCE - Four bedrooms including a serene primary suite and the Lil' Dreamer guest suite. Half-olympic pool. Curated outdoor spaces for intimate evenings or large-scale entertaining. Fully turnkey. Every element is intentional.This is architecture acquired the way you acquire art.

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Single Family Active

Price

$ 7,250,000

Bedrooms

5

Full Bath

4

Half Bath

1

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

3.83

Year Built

2024

Town/City

Rancho Mirage

County/Region

Riverside

MLS | Web ID

219144081DA

Days on Market

148

Features
General
Living Area 4029
Sewer SepticTank
Heating Central Electric ForcedAir Fireplaces Zoned
Cooling CentralAir Electric Zoned
Utilities CableAvailable
Possession CloseOfEscrow
Roof Clay
Appliances ConvectionOven Dishwasher ElectricOven ElectricRange Freezer Disposal GasWaterHeater IceMaker Refrigerator RangeHood SelfCleaningOven VentedExhaustFan WaterToRefrigerator
Garage Spaces 2
Architectural Style Contemporary Modern
Pool Features Gunite ElectricHeat InGround Private SaltWater
Security Features KeyCardEntry
Construction Materials Stucco
Exclusions Staging artwork
Year Built 2024
Electric Volts220
View Mountains Panoramic Pool
Property Subtype SingleFamilyResidence
County Riverside
New Construction false
Property Type Residential
HOA false
Attached Garage false
Subdivision Name Not Applicable-1
Garage Y/N true
Other Structures GuestHouse
Full Baths 4
Special Listing Conditions Standard
Status Active
Directions From Highway 111 / Bob Hope Drive head north onto Peterson Road and you'll reach the Kelley Lane / Mirage Cove area. Cross Street: Mirage Cove Drive & Peterson Road.
City Rancho Mirage
Senior Community Y/N false
High School District Palm Springs Unified
Open Parking Spaces 7
MLS Area 321 - Rancho Mirage
Lot Size Units SquareFeet
Lot Size Square Feet 166835
Carport Spaces 0
Listing Terms Cash CashToNewLoan
Spa Features Gunite Heated Private
Property Attached Y/N false
Land Lease Y/N false
Walk Score 0
Lease Considered Y/N false
Virtual Tour https://app.cloudpano.com/tours/pdE7TsI9l?mls=1 https://app.cloudpano.com/tours/pdE7TsI9l?mls=1
Standard Status Active
Year Built Source Assessor
Property Sub Type Additional SingleFamilyResidence
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Interior
Interior Amenities BuiltInFeatures Balcony SeparateFormalDiningRoom HighCeilings OpenFloorplan RecessedLighting SunkenLivingRoom BedroomOnMainLevel PrimarySuite WalkInClosets
Flooring Concrete
Fireplace Features Gas LivingRoom
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Half Baths 1
1/4 Baths 0
3/4 Baths 0
Laundry Features LaundryCloset LaundryRoom
Total Bedrooms 5
Total Baths 5
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Exterior
Exterior Amenities Barbecue
Fencing ChainLink StuccoWall
Parking Features Covered Driveway Garage GarageDoorOpener
Lot Features CulDeSac DripIrrigationBubblers FrontYard Landscaped Level SprinklersTimer SprinklerSystem Yard
Total Parking 11
Lot Size Area 166835
Foundation Details Slab
Spa false
Lot Size Acres 3.83
Private Pool true
Lot Size Source Assessor
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* Excluded Features
List By
Kw Coachella Valley

Broker

simon@homebysimon.co

Email

Affordability Calculator

$45,777
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Monthly Principal & Interest
$45,777
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/2/2026$7,250,000 Listed Price

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38850 Kelley Lane, Rancho Mirage, CA, 92270 is a Single Family Home for sale at $7,250,000 with 4,029 sqft and a lot size of 3.83. 38850 Kelley Lane has 5 bedrooms, 4.1 baths, and was built in 2024. The property's zip code is 92270 which is in Rancho Mirage, CA