NOT LISTED FOR SALE

515 Mesquite Hills Palm Desert, CA 92260

Estimated Value: $6,803,000 - $7,603,000

5 Beds
5.5 Baths
6,645 Sq Ft
$1,070/Sq Ft Est. Value

Last Sold May 09, 2016

Last sale price $3,895,000 $586 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $44,727/month

157 Days on Market

Highlights

  • Guest House
  • Golf Course Community
  • Gated Community
  • Gerald R. Ford Elementary School Rated A-
  • Heated In Ground Pool
  • Golf Course View

About This Home

As of May 2016

Located on the internationally-known Tom Fazio designed Canyons course at BIGHORN, overlooking the 13th fairway and the private Bighorn Preserve, resides a stunning 7,007 sf, 5 bedroom plus office desert contemporary home created specifically to capture the incredible golf course and mountain views. The open floorplan allows for seamless entertaining to the living and great rooms, expansive wet bar and wine display, gourmet kitchen, intimate dining, expansive outdoor living room, entertainment patio, barbecue center and firepit lounge. From here, golfers can plan their attack on the course's widest fairway while maintaining the privacy and sounds of a rock waterfall flowing into the pool and spa. A spa-inspired master retreat features romantic fireplaces, fully-appointed bath and private outdoor retreat. Three interior guest suites feature its own family room with morning bar while a courtyard-entry guest house hosts a fireplace, sitting area and full bath.

Last Agent to Sell the Property

David Lennon

Bennion Deville Homes License #00700138 Listed on: 11/19/2015

Bennion Deville Homes

Last Buyer's Agent

Jacquie Burns

Bighorn Properties, Inc. License #01185587

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $81,019

Year Built

  • Built in 2007

Lot Details

  • 0.48 Acre Lot

HOA Fees

  • $270 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 6,645 Sq Ft Home
  • 3-Story Property
  • Living Room with Fireplace
  • 3 Fireplaces
  • Carpet
  • Golf Course Views

Kitchen

  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 5 Bedrooms

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Outdoor Pool

Additional Homes

  • Guest House
  • Fireplace in Guest House

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Property is located within a water district

Listing and Financial Details

  • Assessor Parcel Number 771400001

Community Details

Overview

  • Association fees include cable TV, trash
  • Built by BIGHORN Golf Club
  • Bighorn Golf Club Subdivision, Bighorn Golf Club Floorplan

Amenities

  • Community Mailbox

Recreation

  • Golf Course Community

Security

  • 24 Hour Access
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$81,019

Year Built

Built in 2007

Lot Details

0

HOA Fees

$270 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: One
  • Builder Model Name: BIGHORN Golf Club
  • Builder Name: BIGHORN Golf Club
  • Builders Tract Code: Bighorn Golf Club
  • Building Number Of Stories: 3
  • List Price per Sq Ft: 586.16
  • Lp Sp Ratio: 1.0000
  • View Type: Golf Course
  • Water District Name: CVWD
  • Year Built: 2007
  • Listing I D: 215035302
  • Listing Office Address: 535 Mesquite Hills, Palm Desert, CA 92260
  • Listing Office Fax: (760) 779-1983
  • Selling Member Address: 535 Mesquite Hills, Palm Desert, CA 92260-2723
  • Selling Member Fax: (760) 610-8213
  • Selling Office Address: 535 Mesquite Hills, Palm Desert, CA 92260
  • Selling Office Fax: (760) 779-1983
  • Land Type: Fee
  • Subdivision: Bighorn Golf Club
  • Special Features: None

Interior Features

  • Appliances: Gas Cooktop, Gas Oven, Gas Range
  • Fireplace: Yes
  • Fireplace Location: Casita - Guest House, Primary Bedroom, Living Room
  • Flooring: Carpet
  • Total Bedrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6.00
  • Full Bathrooms: 5
  • Estimated Sq Ft: 6645.00

Exterior Features

  • Other Structures: Guest House/Casita
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: Heated
  • Pool Location: Private
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Heated, Private, Heated - Gas
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Total Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Central
  • Heating Fuel: Natural Gas
  • Security: 24 Hour Security
  • Sewer: In, Connected and Paid
  • Water: Water District

Association/Amenities

  • Community Features: Community Mailbox, Golf Course Within Development
  • Association #1 Frequency: Quarterly
  • Gated Community: Yes
  • Golf Course Within Development: Yes

Condo/Co-op/Association

  • Association Fees Include: Cable TV, Trash
  • HOA Information: Yes
  • HOA Fee 1: 810.00
  • Total Monthly Association Fees: 270.00

Lot Info

  • Assessor Parcel Number: 771400001
  • Lot Acres: 0.4800
  • Lot Size: 20909.00

Rental Info

  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2023
Sold by
Michael W Malone Revocable Trust
Bought by
Frandsen Greg and Frandsen Julie
Current Estimated Value
$7,111,849

Purchase Details

Listed on
Nov 19, 2015
Closed on
Apr 27, 2016
Sold by
Andersen James N
Bought by
Malone Michael W and The Michael W Malone Revocable Trust
Seller's Agent
David Lennon
Bennion Deville Homes
Buyer's Agent
Jacquie Burns
Bighorn Properties, Inc.
List Price
$4,700,000
Sold Price
$3,895,000
Premium/Discount to List
-$805,000
-17.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.61%
Original Mortgage
$2,895,000
Interest Rate
3.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 18, 2011
Sold by
Andersen James N and Andersen Patricia M
Bought by
Andersen James N and James N Andersen Sr Revocable Trust Agre

Purchase Details

Closed on
Feb 13, 2007
Sold by
Spenser Development Inc
Bought by
Andersen James N and Andersen Patricia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 2006
Sold by
P J Pott Builders Inc
Bought by
Spenser Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,750,000
Interest Rate
6.15%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 12, 2003
Sold by
Peters Frank E
Bought by
P J Pott Builders Inc

Purchase Details

Closed on
Sep 24, 2002
Sold by
Chaikovska Marta
Bought by
Peters Frank E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.22%

Purchase Details

Closed on
Mar 22, 2001
Sold by
Willie Development Llc
Bought by
Pj Pott Builders Inc

Purchase Details

Closed on
Dec 21, 1999
Sold by
Peters Frank and Chaikovska Marta
Bought by
Willie Development Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Frandsen Greg $6,450,000 Lawyers Title
Malone Michael W $3,778,000 Lawyers Title Company
Andersen James N -- None Available
Andersen James N -- Fidelity National Title Co
Spenser Development Inc -- Fidelity National Title Co
P J Pott Builders Inc -- --
Peters Frank E -- Fidelity National Title Co
Peters Frank E -- Fidelity National Title Co
Pj Pott Builders Inc -- Fidelity National Title Co
Willie Development Llc -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Malone Michael W $2,895,000
Previous Owner Andersen James N $4,000,000
Previous Owner Spenser Development Inc $3,750,000
Previous Owner Peters Frank E $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2016 05/09/16 Sold $3,895,000 0.0% $586 / Sq Ft
04/24/2016 04/24/16 Pending -- -- --
04/08/2016 04/08/16 Price Changed $3,895,000 -17.1% $586 / Sq Ft
11/19/2015 11/19/15 For Sale $4,700,000 -- $707 / Sq Ft
Source: California Desert Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $81,019 $6,710,580 $2,392,920 $4,317,660
2023 $81,019 $4,298,716 $1,735,188 $2,563,528
2022 $52,008 $4,214,428 $1,701,165 $2,513,263
2021 $50,974 $4,131,793 $1,667,809 $2,463,984
2020 $50,000 $4,089,427 $1,650,708 $2,438,719
2019 $49,037 $4,009,243 $1,618,342 $2,390,901
2018 $48,094 $3,930,631 $1,586,610 $2,344,021
2017 $47,111 $3,853,560 $1,555,500 $2,298,060
2016 $45,008 $3,700,000 $1,500,000 $2,200,000
2015 $56,336 $7,700,126 $3,009,885 $4,690,241
2014 $58,732 $4,733,000 $1,850,000 $2,883,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    David Lennon

    Bennion Deville Homes

    (760) 773-5300

    43 Total Sales

    David Lennon
    Section Image

  • J

    Buyer's Agent in 2016

    Jacquie Burns

    Bighorn Properties, Inc.

    (800) 551-5578

    69 Total Sales

    Jacquie Burns
    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 215035302

California Desert Association of REALTORS®

APN: 771-400-001

California Riverside County Palm Desert 92260

515 Mesquite Hills, Palm Desert, CA

This home is located at 515 Mesquite Hills, Palm Desert, CA 92260 since 19 November 2015 and is currently estimated at $7,111,849, approximately $1,070 per square foot. This property was built in 2007. 515 Mesquite Hills is a home located in Riverside County with nearby schools including Gerald R. Ford Elementary School, La Quinta Middle School, and Palm Desert High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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