NOT LISTED FOR SALE

71450 Cholla Way Palm Desert, CA 92260

Estimated Value: $4,015,000 - $4,590,599

6 Beds
5.5 Baths
6,095 Sq Ft
$694/Sq Ft Est. Value

Last Sold March 12, 2020

Last sale price $2,400,000 $394 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $24,861/month

7 Days on Market

Highlights

  • Additional Residence on Property
  • Horse Property
  • Casita
  • Palm Desert High School Rated A
  • Pebble Pool Finish
  • Gourmet Kitchen

About This Home

As of March 2020

Five-Acre Solar Powered Estate. Enter through private gates onto park like grounds. Five acres of breathtaking views and artful cosmopolitan design immediately ignite your senses. Reimagined for a luxurious desert lifestyle, inside and outside become one, with over 6,000-SF of flowing interior main and guest house living space. ''A combination of Mid-Century and Stunning artful contemporary designs'' just begin to describe this amazing lifestyle. Walls of glass, custom finishes and varying ceiling elevations capture you. Step outside to private resort-style patios, manicured grounds with multiple sitting areas, fire-pit, unbelievable resort-style beach entry pool, elevated waterfall spa and sustainable desert landscaping. A stone walkway spotlights the resort style grounds and art while you walk to your newly built, luxury guest house with kitchen, three bedrooms, two baths and a wall of pocket doors. Entertain family and friends in relaxed intimate occasions or soiree with hundreds. This property offers many personal and social possibilities, five minutes from world-class El Paseo Drive, shopping, dining, entertainment, multiple hiking trails and so much more! Welcome to PARADIS!

Last Agent to Sell the Property

David Kibbey

Desert Sotheby's International Realty License #01341384 Listed on: 03/05/2020

Desert Sotheby's International Realty

Last Buyer's Agent

David Kibbey

Coldwell Banker Residential Brokerage

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1975

Lot Details

  • 5 Acre Lot
  • Fenced
  • Drip System Landscaping
  • Sprinklers on Timer
  • Private Yard
  • Lawn
  • Property is zoned W-1

Property Views

  • Panoramic
  • City Lights
  • Mountain
  • Desert

Home Design

  • Custom Home
  • Contemporary Architecture
  • Flat Roof Shape
  • Slab Foundation
  • Tile Roof
  • Concrete Roof
  • Stucco Exterior

Interior Spaces

  • 6,095 Sq Ft Home
  • 2-Story Property
  • Bar
  • Marble Fireplace
  • Propane Fireplace
  • Double Door Entry
  • Great Room
  • Living Room with Fireplace
  • Dining Area
  • Utility Room
  • Laundry Room
  • Security System Owned

Kitchen

  • Gourmet Kitchen
  • Kitchenette
  • Updated Kitchen
  • Breakfast Room
  • Breakfast Bar
  • Kitchen Island

Flooring

  • Carpet
  • Stone
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet

Parking

  • 5 Car Attached Garage
  • Tandem Parking
  • Garage Door Opener
  • Circular Driveway
  • Automatic Gate
  • Guest Parking

Eco-Friendly Details

  • Energy-Efficient Construction
  • Solar owned by seller

Pool

  • Pebble Pool Finish
  • In Ground Pool
  • Outdoor Pool
  • In Ground Spa

Outdoor Features

  • Horse Property
  • Covered Patio or Porch
  • Outdoor Fireplace
  • Casita

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Propane
  • Property is located within a water district
  • Septic Tank

Additional Features

  • Additional Residence on Property
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 628370025

Community Details

Overview

  • Cahuilla Hills Subdivision

Recreation

  • Putting Green

Home Details

Home Type

Single Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: Ground
  • Building Number Of Stories: 2
  • Building Style: Contemporary
  • Casita Features: Kitchenette
  • List Price per Sq Ft: 426.40
  • Lp Sp Ratio: 0.9200
  • View Type: City Lights, Desert, Mountain(s), Panoramic
  • Water District Name: Coachella Valley Water District
  • Year Built: 1975
  • Listing I D: 219040214
  • Listing Member Address: 74890 Highway 111, Indian Wells, CA 92210
  • Listing Member Fax: (760) 561-9333
  • Listing Office Address: 74890 Highway 111, Indian Wells, CA 92210
  • Selling Member Address: 74890 Highway 111, Indian Wells, CA 92210
  • Selling Member Fax: (760) 561-9333
  • Selling Office Address: 74890 Highway 111, Indian Wells, CA 92210
  • Land Type: Fee
  • Subdivision: Cahuilla Hills
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Fireplace Location: Exterior, Living Room
  • Fireplace Features: Marble, Propane
  • Flooring: Carpet, Ceramic Tile, Stone Tile
  • Bedroom Features: 2 Master Bedrooms, Master Suite, Walk In Closet
  • Total Bedrooms: 6
  • Half Bathrooms: 1
  • Total Bathrooms: 6.00
  • Full Bathrooms: 5
  • Eating Areas: Breakfast Counter/Bar, Breakfast Nook, Dining Area, Kitchen Island
  • Kitchen Features: Gourmet Kitchen, Island, Remodeled
  • Laundry: Individual Room
  • Estimated Sq Ft: 6095.00

Exterior Features

  • Construction: Stucco
  • Other Features: Custom Built, Energy Efficient, Putting Green, Solar System Owned, Two on a Lot
  • Other Structures: Guest House/Casita
  • Roofing: Concrete, Flat, Tile
  • Foundation: Slab
  • Patio: Covered
  • Pool: Yes
  • Pool Construction: In Ground, Pebble
  • Pool Description: In Ground, Private
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground, Pebble
  • Spa Hot Tub Description: Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Circular Driveway, Driveway, Garage Door Opener, Guest, Oversized, Tandem
  • Total Garage Spaces: 5.00
  • Total Parking Spaces: 7.00
  • Total Uncovered Assigned Spaces: 2.00

Utilities

  • Cooling Type: Air Conditioning, Central Air, Electric, Zoned
  • Heating: Fireplace(s), Forced Air
  • Heating Fuel: Propane Gas
  • Security: Automatic Gate, Closed Circuit Camera(s), Security System Owned
  • Sewer: Septic Tank
  • Water: Water District

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 628370025
  • Irrigation: Drip System, Sprinkler System, Sprinkler Timer
  • Lot Acres: 5.0000
  • Lot Description: Automatic Gate, Fenced, Horse Property, Landscaped, Lawn, Private, Yard
  • Lot Size: 217800.00

Rental Info

  • Will Consider Lease: Yes
  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple
  • Short Term Rentals: Yes

Multi Family

  • Total Fireplaces: 1

MLS Schools

  • School District: Desert Sands Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2025
Sold by
Morishita Dina Lynne
Bought by
New Horizon Trust and Morishita
Current Estimated Value
$4,230,866

Purchase Details

Closed on
May 20, 2021
Sold by
Yang Wellington
Bought by
Morishita Dina Lynne

Purchase Details

Listed on
Mar 5, 2020
Closed on
Mar 10, 2020
Sold by
Page Deborah
Bought by
Yang Wellington
Seller's Agent
David Kibbey
Desert Sotheby's International Realty
Buyer's Agent
David Kibbey
Coldwell Banker Residential Brokerage
List Price
$2,598,900
Sold Price
$2,400,000
Premium/Discount to List
-$198,900
-7.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.98%
Original Mortgage
$1,392,757
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 5, 2020
Closed on
Mar 9, 2020
Sold by
Morishita Dina
Bought by
Yang Wellington
Seller's Agent
David Kibbey
Desert Sotheby's International Realty
Buyer's Agent
David Kibbey
Coldwell Banker Residential Brokerage
List Price
$2,598,900
Sold Price
$2,400,000
Premium/Discount to List
-$198,900
-7.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,392,757
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 6, 2017
Sold by
Page Deborah
Bought by
Page Deborah

Purchase Details

Listed on
Sep 19, 2012
Closed on
Apr 23, 2013
Sold by
Dill Ernest R and Dill Julie
Bought by
Page Deborah
Seller's Agent
David Kibbey
Bennion Deville Homes
Buyer's Agent
Out Side Agent
Desert Real Estate Consultants, Inc.
List Price
$2,100,000
Sold Price
$1,650,000
Premium/Discount to List
-$450,000
-21.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%

Purchase Details

Closed on
Jun 6, 2005
Sold by
Dill Ernest R and Dill Julie
Bought by
Dill Ernest R and Dill Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 2004
Sold by
Jacobsen Clyde V and Jacobsen Aleta L
Bought by
Dill Ernest R and Dill Julie

Purchase Details

Closed on
Dec 23, 2000
Sold by
Jacobsen Clyde V
Bought by
Jacobsen Clyde and Jacobsen Aleta L

Purchase Details

Closed on
Jun 14, 1999
Sold by
Jacobsen Aleta L
Bought by
Jacobsen Clyde

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 1999
Sold by
Odis Rue James and Odis Jane Beverly
Bought by
Jacobsen Clyde

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
New Horizon Trust -- None Listed On Document
Morishita Dina Lynne -- Fidelity National Title
Yang Wellington $2,400,000 Fidelity National Title
Yang Wellington -- Fidelity Natl Ttl Inland Emp
Page Deborah -- None Available
Page Deborah $1,650,000 Fidelity National Title
Dill Ernest R -- First American Title Co La
Dill Ernest R $1,295,000 Orange Coast Title Co
Jacobsen Clyde -- Fidelity National Title Co
Jacobsen Clyde -- Fidelity National Title Co
Jacobsen Clyde $950,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yang Wellington $1,392,757
Previous Owner Dill Ernest R $1,500,000
Previous Owner Jacobsen Clyde $760,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/12/2020 03/12/20 Sold $2,400,000 -7.7% $394 / Sq Ft
03/05/2020 03/05/20 For Sale $2,598,900 +57.5% $426 / Sq Ft
05/09/2013 05/09/13 Sold $1,650,000 -2.7% $387 / Sq Ft View Prior Sale
04/19/2013 04/19/13 Pending -- -- --
03/01/2013 03/01/13 Price Changed $1,695,000 -10.6% $397 / Sq Ft
01/16/2013 01/16/13 Price Changed $1,895,000 -9.8% $444 / Sq Ft
09/19/2012 09/19/12 For Sale $2,100,000 -- $492 / 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 $31,535 $2,624,747 $765,550 $1,859,197
2023 $31,535 $2,522,827 $735,824 $1,787,003
2022 $30,311 $2,473,361 $721,397 $1,751,964
2021 $29,717 $2,424,864 $707,252 $1,717,612
2020 $25,365 $2,088,422 $472,908 $1,615,514
2019 $24,873 $2,047,474 $463,636 $1,583,838
2018 $24,391 $2,007,329 $454,546 $1,552,783
2017 $23,888 $1,967,971 $445,634 $1,522,337
2016 $23,295 $1,929,385 $436,897 $1,492,488
2015 $20,811 $1,690,605 $430,335 $1,260,270
2014 $20,455 $1,657,490 $421,906 $1,235,584
Source: Public Records

Agents Affiliated with this Home

  • David Kibbey

    Seller's Agent in 2020

    David Kibbey

    Desert Sotheby's International Realty

    (760) 774-0105

    102 Total Sales

    David Kibbey
    Section Image

  • O

    Buyer's Agent in 2013

    Out Side Agent

    Desert Real Estate Consultants, Inc.

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219040214

California Desert Association of REALTORS®

APN: 628-370-025

California Riverside County Palm Desert 92260

71450 Cholla Way, Palm Desert, CA

Not Listed for Sale

Detached

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