NOT LISTED FOR SALE

Estimated Value: $4,044,000 - $9,512,175

6 Beds
6.5 Baths
5,846 Sq Ft
$1,297/Sq Ft Est. Value

Last Sold April 18, 2022

Last sale price $9,300,000 $1,591 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $51,837/month

32 Days on Market

Highlights

  • Guest House
  • Heated In Ground Pool
  • Gourmet Kitchen
  • On Golf Course
  • Casita
  • Panoramic View

About This Home

As of April 2022

Stunning Southwest facing contemporary at the exclusive Madison Club. Enter thru the courtyard to a dramatic cascading water feature into a long pool and fire features leading to the all glass front with dramatic views of the mountains and world class Tom Fazio designed golf course. This expansive home offers 6 bedrooms and 6.5 baths consisting of two master suites, 2 guest suites and 2 separate casita suites. Open floor plan with a sunken bar, kitchen and large living area all open with receding walls of glass for seamless indoor/outdoor flow. The gourmet chef's kitchen offers a warm lacquered wood finish, large island with breakfast bar and top-of-the-line appliances. Both lavish master suites with fireplaces, soaking tubs, spa-like baths, spacious double vanities and walk-in closets. Custom outdoor barbecue and cook center and covered outdoor living space are perfect for large scale entertaining day and night. Swimmer's pool and spa complete this compound with a design ideal for multiple guests or a large family.

Last Agent to Sell the Property

Ginger Glass

Compass License #01478465 Listed on: 03/11/2022

Compass

Co-Listed By

Glenn Cassell

Madison Club Properties License #01953599

Last Buyer's Agent

Glenn Cassell

Madison Club Properties License #01953599

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $123,622

Year Built

  • Built in 2014

Lot Details

  • 0.76 Acre Lot
  • On Golf Course
  • Landscaped
  • Sprinkler System
  • Private Yard

HOA Fees

  • $1,652 Monthly HOA Fees

Property Views

  • Panoramic
  • Golf Course
  • Mountain
  • Desert
  • Park or Greenbelt

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor

Interior Spaces

  • 5,846 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • High Ceiling
  • Gas Fireplace
  • Sliding Doors
  • Entrance Foyer
  • Great Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Tile Flooring

Kitchen

  • Gourmet Kitchen
  • Kitchenette
  • Breakfast Bar
  • Gas Oven
  • Gas Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Two Primary Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Pool

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

Outdoor Features

  • Fireplace in Patio
  • Fire Pit
  • Casita

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Sewer in Street

Additional Features

  • Guest House
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 779410004

Community Details

Overview

  • The Madison Subdivision
  • Greenbelt
  • Planned Unit Development

Amenities

  • Clubhouse

Recreation

  • Golf Course Community

Security

  • 24 Hour Access
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$123,622

Year Built

Built in 2014

Lot Details

0

HOA Fees

$1,652 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: Ground
  • Building Number Of Stories: 4
  • Building Style: Contemporary
  • Casita Features: Kitchenette
  • Entry Floor: 1
  • Entry Location: Foyer
  • List Price per Sq Ft: 1607.08
  • Lp Sp Ratio: 0.9900
  • View Type: Desert, Panoramic, Park/Green Belt, Mountain(s), Golf Course
  • Year Built: 2014
  • Co Listing Member Address: 52050 Meriwether Way, La Quinta, CA 92253
  • Co Listing Office Address: 52050 Meriwether Way, La Quinta, CA 92253
  • Listing I D: 219075573
  • Listing Member Address: 9454 Wilshire Blvd., #400, Beverly Hills, CA 90212
  • Listing Office Address: 39620 Washington St. Suite A, Palm Desert, CA 92211
  • Selling Member Address: 52050 Meriwether Way, La Quinta, CA 92253
  • Selling Office Address: 52050 Meriwether Way, La Quinta, CA 92253
  • Land Type: Fee
  • Subdivision: The Madison
  • Special Features: None

Interior Features

  • Appliances: Dryer, Gas Range, Microwave Oven, Gas Oven, Washer, Refrigerator, Ice Maker, Gas Dryer Hookup, Disposal, Freezer, Dishwasher
  • Fireplace: Yes
  • Fireplace Location: Living Room, Patio, Master Bedroom
  • Interior Amenities: High Ceilings (9 Ft+), Open Floorplan
  • Fireplace Features: Fire Pit, Gas
  • Flooring: Tile
  • Total Bedrooms: 6
  • Bathroom Features: 2 Master Baths
  • Half Bathrooms: 1
  • Total Bathrooms: 7.00
  • Full Bathrooms: 6
  • Eating Areas: Breakfast Counter/Bar, Living/Dining Combo, Kitchen Island, Dining Area
  • Kitchen Features: Gourmet Kitchen, Island
  • Laundry: Individual Room
  • Estimated Sq Ft: 5846.00

Exterior Features

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

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Garage Door Opener
  • Total Covered Spaces: 3.00
  • Total Garage Spaces: 3.00
  • Total Parking Spaces: 8.00
  • Total Uncovered Assigned Spaces: 2.00

Utilities

  • Cooling Type: Central Air
  • Heating: Central
  • Heating Fuel: Natural Gas
  • Security: 24 Hour Security, Gated Community
  • Sewer: In Street Paid

Association/Amenities

  • Community Features: Golf Course Within Development
  • Association #1 Frequency: Monthly
  • Gated Community: Yes
  • Golf Course Within Development: Yes

Condo/Co-op/Association

  • Association Amenities: Clubhouse, Golf Course
  • HOA Information: Yes
  • HOA Fee 1: 1652.00
  • Total Monthly Association Fees: 1652.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 779410004
  • Irrigation: Sprinkler System
  • Lot Description: Landscaped, Yard
  • Lot Location: Greenbelt, On Golf Course
  • Lot Size: 33106.00

Rental Info

  • Furnished: Unfurnished
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2022
Closed on
Mar 22, 2022
Sold by
First Desert Investments Llc
Bought by
Gerszt Family Living Trust
Seller's Agent
Ginger Glass
Compass
Buyer's Agent
Glenn Cassell
Madison Club Properties
List Price
$9,395,000
Sold Price
$9,300,000
Premium/Discount to List
-$95,000
-1.01%
Current Estimated Value
$7,582,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,717,942
Avg. Annual Appreciation
-5.62%
Original Mortgage
$6,045,000
Outstanding Balance
$5,663,034
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$1,919,024

Purchase Details

Closed on
Apr 15, 2019
Sold by
Double Bogey Llc
Bought by
First Desert Investments Llc

Purchase Details

Listed on
Feb 27, 2013
Closed on
Jan 24, 2014
Sold by
Desert Rings Llc
Bought by
Double Bogey Llc
Seller's Agent
Nick Blodgett
Dibble Real Estate
Buyer's Agent
Nick Blodgett
Dibble Real Estate
List Price
$1,500,000
Sold Price
$1,100,000
Premium/Discount to List
-$400,000
-26.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.87%
Source: Public Records

Range of Values:

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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
Gerszt Family Living Trust $9,300,000 Equity Title
First Desert Investments Llc $5,000,000 Equity Title Los Angeles
Double Bogey Llc $1,100,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerszt Family Living Trust $6,045,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/18/2022 04/18/22 Sold $9,300,000 0.0% $1,591 / Sq Ft
04/18/2022 04/18/22 Sold $9,300,000 -1.0% $1,591 / Sq Ft View Prior Sale
04/12/2022 04/12/22 Pending -- -- --
03/18/2022 03/18/22 Pending -- -- --
03/11/2022 03/11/22 For Sale $9,395,000 0.0% $1,607 / Sq Ft
09/21/2021 09/21/21 For Sale $9,395,000 +754.1% $1,607 / Sq Ft
02/03/2014 02/03/14 Sold $1,100,000 -26.7% -- View Prior Sale
02/27/2013 02/27/13 Pending -- -- --
02/27/2013 02/27/13 For Sale $1,500,000 -- --
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 $123,622 $9,869,234 $3,501,986 $6,367,248
2023 $123,622 $9,486,000 $3,366,000 $6,120,000
2022 $73,924 $5,690,378 $1,313,973 $4,376,405
2021 $72,569 $5,578,803 $1,288,209 $4,290,594
2020 $71,754 $5,521,600 $1,275,000 $4,246,600
2019 $39,019 $2,967,132 $1,208,831 $1,758,301
2018 $38,264 $2,908,954 $1,185,129 $1,723,825
2017 $38,276 $2,851,917 $1,161,892 $1,690,025
2016 $36,677 $2,795,998 $1,139,110 $1,656,888
2015 $26,061 $2,022,000 $1,122,000 $900,000
2014 $13,102 $1,029,653 $1,029,653 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219075573

California Desert Association of REALTORS®

APN: 779-410-004