$1,980,000
SOLD MAR 31, 2023

7 Makena Ln Rancho Mirage, CA 92270

4 Beds
4.5 Baths
5,049 Sq Ft
0.74 Acres

Recently Sold

$392 Per Sq Ft

10% Below List Price

19 Days on Market

Highlights

  • Private Pool
  • Panoramic View
  • Controlled Access
  • James Earl Carter Elementary School Rated A-
  • 2 Car Attached Garage
  • Laundry Room

About This Home

As of September 2024

The property is one of ten half acre parcels in a brand new custom estate community of Rancho Mirage. Plans for the home mesh modern contemporary architecture with luxury real world indoor/outdoor living (extensive open floorplans, 16 foot ceilings, seamless transitions, etc.). The lot itself offers widespread views and is ideally situated within the private development's cull du sac. This is a rare private Luxury home development opportunity. Hearing for approval set for February 1st, open to QUALIFIED overbidding (same terms as accepted offer except purchase price... non contingent, as is, minimum first overbid MUST be at least $2,000,000, etc.)... see comments for more.

Last Agent to Sell the Property

Brian Thompson

Brian Thompson, Broker License #01828461 Listed on: 11/25/2022

Last Buyer's Agent

James Gault

Compass License #01985784

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,378

Year Built

  • Built in 2021

HOA Fees

  • $285 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Panoramic
  • Hills

Home Design

  • 5,049 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Additional Features

  • Laundry Room
  • Private Pool
  • 0.74 Acre Lot
  • Central Air

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 33666
  • Assessor Parcel Number 682031007
  • $157 per year additional tax assessments

Community Details

Overview

  • Makena Association

Security

  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,378

Year Built

Built in 2021

Lot Details

0

HOA Fees

$285 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Makena
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 682031007
  • Year Built: 2021
  • Special Features: 22

Interior Features

  • Fireplace: No
  • Living Area: 5049.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Levels: One
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 392.16
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Hills, Panoramic
  • Pool Features: Private
  • Pool Private: Yes

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Controlled Access
  • Association Fee: 285.00
  • Association Fee Frequency: Monthly
  • Association Name: Makena
  • Senior Community: No
  • Community Features: Sidewalks
  • Association Management: Makena

Schools

  • School District: Palm Springs Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 32234.00
  • Lot Size Acres: 0.7400

Multi Family

  • Lease Considered: No
  • Lot Size Area: 32234.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 449.18
  • Tax Lot: 7
  • Tax Tract Number: 33666
  • TaxOtherAnnualAssessmentAmount: 157.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2024
Closed on
Aug 14, 2024
Sold by
Makena 7 Llc
Bought by
Lorae Holdings Llc
Seller's Agent
Victor Vasu
Pacific Sotheby's International Realty
Buyer's Agent
Robert Downing
Bennion Deville Homes
List Price
$2,500,000
Sold Price
$2,350,000
Premium/Discount to List
-$150,000
-6%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
138.13%

Purchase Details

Listed on
Nov 25, 2022
Closed on
Feb 1, 2023
Sold by
Cisneros Arturo
Bought by
Makena 7 Llc
Seller's Agent
Brian Thompson
Brian Thompson, Broker
Buyer's Agent
James Gault
Compass
List Price
$2,200,000
Sold Price
$1,980,000
Premium/Discount to List
-$220,000
-10%
Views
561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.63%

Purchase Details

Closed on
Oct 18, 2022
Sold by
Ab Capital Lfd Inc
Bought by
Cisneros A and Stonebridge Ventures Llc

Purchase Details

Closed on
Sep 1, 2022
Sold by
Stonebridge Ventures Llc
Bought by
Ab Capital Lfd Inc

Purchase Details

Closed on
Jan 6, 2015
Sold by
Stonebridge Inc
Bought by
Stonebridge Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,437,500
Interest Rate
3.57%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,290,000 Fidelity National Title
Quit Claim Deed $1,980,000 Fidelity National Title Compan
Quit Claim Deed -- --
Grant Deed $2,995,000 --
Grant Deed $3,750,000 Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,000,000 Construction
Previous Owner $1,600,000 Commercial
Previous Owner $2,437,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 For Sale $5,995,000 +155.1% $963 / Sq Ft
09/06/2024 09/06/24 Sold $2,350,000 -6.0% $379 / Sq Ft
08/09/2024 08/09/24 Pending -- -- --
06/04/2024 06/04/24 For Sale $2,500,000 +26.3% $403 / Sq Ft
03/31/2023 03/31/23 Sold $1,980,000 -1.0% $392 / Sq Ft
01/18/2023 01/18/23 Price Changed $2,000,000 -9.1% $396 / Sq Ft
11/25/2022 11/25/22 For Sale $2,200,000 -- $436 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $25,378 $3,780,000 $800,000 $2,980,000
2023 $25,378 $2,995,000 $350,000 $2,645,000
2022 $11,913 $929,459 $403,459 $526,000
2021 $10,878 $875,549 $395,549 $480,000
2020 $4,828 $391,494 $391,494 $0
2019 $4,736 $383,818 $383,818 $0
2018 $4,645 $376,293 $376,293 $0
2017 $4,550 $368,915 $368,915 $0
2016 $4,439 $361,682 $361,682 $0
2015 $2,646 $209,001 $209,001 $0
2014 $2,602 $204,908 $204,908 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22246803

California Regional Multiple Listing Service (CRMLS)

APN: 682-031-007