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
ACTIVE$7,250,000
740 N Prescott Drive, Palm Springs, California 92262
5Beds
6Baths
4,527Sqft
24,829Lot
Year Built
2016
Close
-
List price
$7.25M
Original List price
$7.25M
Price/Sqft
$1,602
HOA
-
Days on market
-
Sold On
-
MLS number
219140026PS
Home ConditionExcellent
Features
Excellent View: Mountain(s), Panoramic, Pool
Pool
Spa
Patio
ViewMountain(s), Panoramic, Pool

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,6 Pros. Rank: price - $7.25M(99th), sqft - 4527(97th), beds - 5(93th), baths - 6(97th).

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.

Nearby schools

7/10
Katherine Finchy Elementary School
Public,K-50.6mi
4/10
Raymond Cree Middle School
Public,6-81.1mi
4/10
Desert Learning Academy
Public,K-122.0mi
6/10
Palm Springs High School
Public,9-122.0mi

Price History

Date
Event
Price
12/15/25
Listing
$7,250,000
02/07/13
Sold
$1,000,000
05/28/04
Sold
$1,395,000
05/11/99
Sold
$885,000
02/14/97
Sold
$675,000
Condition Rating
Excellent

This property, built in 2016 and completed in 2017, is virtually new and exemplifies luxury. The custom Italian Valcucine kitchen features top-tier Miele appliances, dual dishwashers, dual wine refrigerators, a steam oven, and a built-in coffee system, all in pristine, modern condition. Bathrooms are equally impressive with high-end finishes like limestone, onyx, marble, dual vanities, soaking tubs, and frameless glass showers. The entire home boasts refined materials such as limestone and hardwood floors, Venetian plaster walls, 9-foot solid wood doors, smart home integration, three HVAC systems, and a new saltwater pool, indicating no deferred maintenance and meeting the highest 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 = 24829, living area = 4527.
Iconic Architectural Design: This property boasts an unapologetically exuberant architectural statement by renowned architect Narendra Patel, featuring a dramatic floating roof and a masterful balance of grandeur with warmth, designed for art display.
Ultra-Luxury Finishes & Appliances: The interior is 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 high-end Miele appliances.
Exceptional Entertainment & Indoor-Outdoor Living: Designed for seamless indoor-outdoor living with automated windows, a new saltwater pool deck, and an iconic sunken onyx 'Sinatra Bar' complete with its own powder room, ideal for elevated entertaining.
Advanced Smart Home & Climate Control: Equipped with comprehensive smart home integration, a six-camera security system, and three independent HVAC systems, ensuring optimal comfort, convenience, and security throughout the estate.
Prestigious Location & Panoramic Views: Located in the storied Old Las Palmas neighborhood, this rare newer custom residence offers breathtaking panoramic views of Mt. San Jacinto, combining modern luxury with a prime, historic setting.

Cons

High Operating and Maintenance Costs: The extensive luxury features, multiple sophisticated systems (e.g., three HVAC units, smart home, saltwater pool), and large property size will likely incur substantial ongoing operational and maintenance expenses.
Niche Architectural Style: While a strength for some, the property's 'exuberant' and distinct architectural statement may appeal to a more specific buyer demographic, potentially limiting its broader market appeal compared to more conventional luxury designs.
Significant Property Tax Burden: Given the high list price and its status as a newer custom residence in a highly desirable area, prospective buyers should anticipate a substantial annual property tax obligation.

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