38850 Kelley Lane, Rancho Mirage, California 92270, Rancho Mirage, 92270 - 5 bed, 5 bath

38850 Kelley Lane, Rancho Mirage, California 92270 home-pic-0
ACTIVE$7,250,000
38850 Kelley Lane, Rancho Mirage, California 92270
5Beds
5Baths
4,029Sqft
166,835Lot
Year Built
2024
Close
-
List price
$7.25M
Original List price
$7.25M
Price/Sqft
$1,799
HOA
-
Days on market
-
Sold On
-
MLS number
219138691DA
Home ConditionExcellent
Features
Excellent View: Mountain(s), Panoramic
Pool
Spa
Patio
ViewMountain(s), Panoramic

About this home

We found 4 Cons,6 Pros. Rank: price - $7.25M(99th), sqft - 4029(80th), beds - 5(91th), baths - 5(74th).

Before his name is mentioned alongside modernist architects, Neutra and Schindler, acquire a ROBERT STONE original. The Dreamer Estate, 5 bedrooms, 5 bathrooms, 4,029 square feet on 3.83 acres in Rancho Mirage, is architecture as cultural capital for those who collect design, not compromise to it. Stone, whose Acido Dorado and Rosa Muerta properties were photographed by Steven Klein for Vogue Italia, has created his most complete vision: two structures, DREAMER and LIL' DREAMER, connected by an expansive linear pool that functions as liquid architecture. Step inside the main residence where retractable glass walls dissolve into desertscape. Gazing upward: Mirrored ceilings capture the San Jacinto mountains, and when sunlight strikes the pool below, liquid gold dances across your living room ceiling, waves of light that shift by the hour, transforming the space into a living gallery. The kitchen defies convention with crocodile-embossed leather cabinetry inspired by Japanese tansu and Prada's aesthetic, bespoke stainless hardware, marble counters, and a window that floods the space with desert light. Your primary suite opens to a private patio with plunge pool and roof opening that frames the night sky, float under stars in complete privacy. Kelly green tile separates bedroom from bath, bold and unapologetic. Lil' Dreamer, the two-bedroom guest house, offers the same architectural vision in a more intimate scale with sunken living room and stone patio. Between them, the pool reflects both structures like a mirror. Nearly four acres in the ''Playground of the Presidents'' provides room to expand: tennis court, car gallery, sculpture garden, whatever your vision demands. Every detail chosen with intention: hand-placed breeze blocks creating sculptural walls, silver-glazed tile roof that reads like a Spanish spaceship, metallic surfaces that shift with the desert sun. Featured in Robb Report, Palm Springs Life, Mansion Global and most recently Wallpaper. When Stone's work enters museum collections, you'll own the Rancho Mirage masterpiece. Schedule your private viewing of this move-in ready tour de force.

Price History

Date
Event
Price
11/19/25
Listing
$7,250,000
01/07/19
Sold
$540,000
Condition Rating
Excellent

This property, built in 2024, is a brand new, custom-designed architectural masterpiece. The description explicitly states it's a 'move-in ready tour de force' and highlights unique, high-end features like crocodile-embossed leather cabinetry, bespoke stainless hardware, marble counters in the kitchen, and bold Kelly green tile in the bathroom. The images confirm a pristine, ultra-modern aesthetic with new appliances, seamless flooring, contemporary lighting, and no signs of wear or deferred maintenance. All components are new and meet the highest current quality standards.
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 = 166835, living area = 4029.
Architectural Masterpiece & Designer Pedigree: An original Robert Stone creation, this property is a unique architectural statement, featured in prestigious publications like Robb Report and Vogue Italia, appealing to collectors of design.
Brand New Construction & Turnkey Condition: Built in 2024 and described as 'move-in ready tour de force,' the property offers pristine condition and modern functionality without immediate renovation needs.
Expansive & Developable Estate: Spanning nearly four acres in the 'Playground of the Presidents,' the property provides ample space for expansion, such as a tennis court, car gallery, or sculpture garden, enhancing its long-term value and customization potential.
Luxurious Amenities & Dual Structures: The estate features an expansive linear pool, a private plunge pool in the primary suite, and a separate two-bedroom guest house ('Lil' Dreamer'), offering unparalleled luxury, privacy, and guest accommodation.
Panoramic Views & Seamless Indoor-Outdoor Living: With mirrored ceilings capturing San Jacinto mountains and retractable glass walls dissolving into the desertscape, the property offers stunning panoramic views and a unique connection to its natural surroundings.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 4029, other record living area = 3157. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Niche Appeal & Limited Buyer Pool: The highly specific, bold, and artistic architectural style, while a strength for some, caters to a very particular buyer demographic, potentially limiting the overall market.
Ultra-Luxury Price Point: Listed at $7.25 million, the property's high price point places it in the ultra-luxury segment, naturally narrowing the potential buyer pool to only the wealthiest individuals.
Potential for Specialized Maintenance: The bespoke and unique materials, such as crocodile-embossed leather cabinetry, silver-glazed tile roof, and mirrored ceilings, may require specialized and potentially costly maintenance or repairs over time.

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