Coachella Valley’s most expensive properties!
Coachella Valley’s most expensive homes. Let’s take a look at the top tier prices for our Coachella Valley cities. The real estate market is kind of stuck right now, but I do not see prices dropping. I do see sellers waiting to list their properties until the end of the year, and I see buyers being very firm with their offer prices. I think the high Interest rates have hit sales for sure, and I also think buyers and sellers are waiting to see what happens with the elections. The high end real estate market for America as reported by Realtor.com is very interesting! If you are looking to buy or sell in the near future, or just want a valuation of your property, give local resident/agent, Kim Kelly a call at 760-285-3578.
Coachella Valley’s Most Expensive Homes; city by city (per MLS)
La Quinta: We have two properties in La Quinta. The Merv Griffin Estate just came on at 36 million for 40 acres, 13 beds/12 bathrooms in 10,685 sf. Currently an event site, but it has beautiful barns, turnouts and Casitas. The top tier listing in La Quinta right now is at The Madison Club and listed at $39,500,000. 8 beds/14 baths, 2023 build of 17,000 + sf., and sitting on a 48,000 sf lot.
Indio: $5,000,000. Vacation rental property off of Ave. 49, this home is approx. 4350 sf with 8 beds/6 baths
Thermal: Located within the Thermal Club Motorsport Facility, and listed at $5,000,000 for 6900 sf residence.
Coachella: A 19 acre date farm with 1,000 trees, and a ranch style pool home listed at $3,600,000.
Indian Wells: Located in Toscana, this home is 9872 sf on a 31,000 + sf lot and priced at $13,495,000.
Palm Desert: Bighorn takes the honor with this 12,925 sf Moroccan themed estate on a 38,000 sf lot $17,850,000
Cathedral City: Located in Cathedral City Cove is this 5,087 sf home listed at $1,995,000
Palm Springs: The former estate of Suzanne Somers on 28 acres in The Mesa at 7280 sf for $8,950,000.
Joshua Tree: Located on 2.5 acres in the Joshua Tree Highlands, this remodeled 1951 home has 4 beds/7 baths and is listed at $2,750,000.
Take a tour of this gorgeous 76 acre farm that is available for $9,600,000. Sitting on the border of La Quinta and Vista Santa Rosa, what a killer development site!!
More
Madison Club in La Quinta offers spectacular views!
Madison Club; La Quinta Community. This is a stand alone community. Meaning there is nothing like this ultra luxurious golf club in the Eastern Coachella Valley. Ultra prestigious and private, the Madison Club is entered off of Avenue 52, directly across from the world famous polo fields. Celebrities, athletes, political figures, and other high net worth individuals are choosing the community for their families. If you are looking to buy or sell in the Coachella Valley, give local resident and realtor, Kim Kelly a call at 760-285-3578.
The Madison Club offers several neighborhoods of luxury estate residences, elegant villas and clubhouse suites. Each residence is created with attention to the spectacular views of the Santa Rosa and the San Jacinto Mountains, dramatic desert sunsets and views of the rolling Tom Fazio designed golf course. HOA’s for a custom estate home is $2,000/month and $6,000/quarter. The HOA for the lock and leave Villas are $3623/month and $10,870/quarter. There is a gorgeous members only clubhouse, a private day spa and fitness facility. Looking for a special wellness treatment? You can most likely get it here!
It is impossible to get hungry during your golf round, with a plethora of different food, candies, and drinks offered at the multiple comfort stations located throughout the golf experience. The Madison Club is very family oriented and has a serene, welcoming feel to it from the moment you drive through the stately entrance and roll into this very special club. Golf memberships are available through the club. There is an initiation fee and annual golf fees as well.
Madison Club Real Estate Statistics
There are currently 9 homes for sale in the club. Prices range from 9.9 mil to 39.5 mil. Lots are .5 to 1.5 acres.
There are no homes in escrow as of today, and over the past 6 months, there have been 2 homes closed. One Villa was sold for 5.1 mil, and one custom estate home was sold for 10.3 mil. There are often homes sold off market in this club as well!
More
Multi acre estates are in high demand in the Coachella Valley!
Coachella Valley real estate update. The peak season for the desert real estate market is typically the 4th quarter, and this year has been no different. The Coachella Valley is nobody’s secret any longer! Call Kimberley Kelly, local desert realtor and resident at 760-285-3578.
Inventory is still less than half of what it was a year ago (915 vs. 2,014), and less than a third of what it was in October of 2019 (3,010). Are we going to see the explosion of listings that those in the Real Estate industry have been clamoring for? Or, will we see the normal seasonal increase in listings that would get us just above a thousand? Either way, it’s going to be an interesting season coming up in 2022.
The other current housing market stats remain pretty consistent. Median months of sales remain just under 1.0 (under 3.0 would indicate a sellers market), and the average discount rate is at a premium of 1.1%, meaning the average home is selling for 1.1% above list price. Average total number of sales are down 28% from a year ago (806 vs. 1,120), but still higher than what we experienced years prior. In fact, the number of sales has decreased year over year in every price point except homes above $1 Million. The largest decrease in the number of sale was in homes priced under $400k.
Take the tour of this incredible farm that is offered at $4,500,000 for 9.5 acres, 2 houses, 7 car garage, 2 barns, arena, paddocks..a wow!
More
What? My property is the best and that’s THAT!!
Sellers are getting stubborn!! We all know it’s a sellers market here in the Coachella Valley..well, almost everywhere to be more accurate. What’s changing in the real estate market? I’ve been a local realtor selling the Coachella Valley for 20 years now, and living here for much longer. I’ve been through cycles before, and we have been going through a peak price cycle for the past year. But in actuality, our valley has seen rising prices for the past several years, and sellers feel they are in the drivers seat! Pretty much true in all our desert cities, Palm Springs in the West to Coachella in the East.
It feels like the market is softening. Not crashing, just not as frantic as it was. What I see is that a premier property, meaning one that shows fantastic, has perfect sun orientation and great views will still command multiple showings and offerings. But..the properties that are not as cherry, those sellers are increasingly stubborn about the value of their property.
If you are a seller, lucky enough to be in a position to sell your property at the top of the market..such as now, be grateful! Trust your local agent and price it well, but listen to the buyers. Buyers set the market value..not sellers. Several times now, I’ve taken qualified buyers to properties and we are met with stiff requirements regarding writing offers. I’m seeing properties on busy streets with enormously over valued price tags on them. Sellers need to remember that if there are negatives to their properties, they need to reflect those in the list price.
More
Land to develop is one of your luxury options in the Coachella Valley.
Coachella Valley Luxury Property Choices: We have some amazing properties in our beautiful Coachella Valley. What’re you looking for?? A hip, hot mid century modern, with or without celebrity history, or perhaps a Mediterranean castle on or off a golf course? How about a parcel of land that you can design and build your custom home to your own specs? Have horses..looking for an Estate to develop, or a wide open piece of land to create your magic with? The Coachella Valley Luxury Property choices include all of the above and more..for information, call local Realtor Kim Kelly at 760-285-3578.
More
Southern Fairway to mountain views at 78855 Pina, La Quinta
Views & Location at The Citrus in La Quinta, CA. This semi-custom home on the Fairway at The centrally located golf club, The Citrus, offers the in demand SOUTHERN location desert buyers seek. The quintessential, sophisticated and warm home that welcomes you the moment you walk in, 78855 Pina is one of a kind in it’s classy uniqueness. To schedule a tour, or just to call for more information, give Kim Kelly a call today…760-285-3578.
More
PGA West Custom Homes are one favorite Luxury Lease spot in the desert
Top Rated Luxury Lease spots in the Desert: Now that the Festival season is winding down, it’s time to take a breath, and do a round up of our Top Rated Luxury Lease Spots in the Desert. Everybody has their favorite desert city, and within that City is their favorite place to spend the weekend. Palm Springs and Rancho Mirage are sought out by people that love the look of Modern Architecture and feel. Other visitors wouldn’t stay anywhere but the more open La Quinta area, while other visitors prefer the central City of Indian Wells. There are many Luxury Lease opportunities in our beautiful desert. To buy or sell your desert resort home, give local Realtor, Kim Kelly a call at 760-285-3578.
More
Just Listed in La Quinta
Just Listed in La Quinta; la Quinta is the Coachella Valleys most Easterly City, and also the youngest. That means more bang for your real estate buck. La Quinta offers multiple things to do for both year rounders or vacationers. The La Quinta Art Festival is one event that you wont want to miss. Any time great real estate opportunities present themselves in La Quinta, they don’t sit long, so check out these two new listings. If you’re thinking about buying in La Quinta, give me a call at 760-285-3578.
More
Aerial view of 79784 Avenue 40, Indio, CA.
Just SOLD; 5 Acre Estate in North Indio. Listed for only 3 weeks at $1,199,000, this rare Equestrian estate, went into Escrow. Conventional Loan for the buyers and it is now SOLD! Coachella Valley Land and Residential properties are in much demand, and any time I can find a great home with some acreage, I know it won’t sit long. This estate at 79784 Avenue 40, Indio, was no exception. If you’re looking to buy or List your Home or Farm, give me a call for your FREE property consultation; 760-285-3578.
More
57490 Jackson St., Thermal, CA. $2,495,000
La Dolce Vita Equestrian Estate for Sale: If you are looking for an exceptional 10 acre Equestrian Estate in the Coachella Valley, La Dolce Vita Estate will knock your socks off! Wow! The custom entry gate is right off of one of our premier Equestrian streets in Thermal, CA., Jackson St. Located at 57490 Jackson St., there is quite simply nothing like it on the market. Offered at $2,495,000, this estate is custom beyond custom. Every inch is manicured and lovingly taken care of. Talk about happy horses! At La Dolce Vita, (The Good Life), horses, humans, dogs and all critters are happy.
More
