NOT LISTED FOR SALE

Estimated Value: $5,630,000 - $11,299,001

5 Beds
5.5 Baths
8,044 Sq Ft
$1,089/Sq Ft Est. Value

Last Sold June 10, 2021

Last sale price $8,250,000 $1,026 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $56,193/month

66 Days on Market

Highlights

  • Guest House
  • Wine Cellar
  • Casita
  • On Golf Course
  • Infinity Pool
  • Gourmet Kitchen

About This Home

As of June 2021

Spectacular modern estate at the exclusive Madison Club! Five bedroom, five and a half baths plus office. Main house has three bedrooms including two master suites, and a seperate two bedroom casita with living room. Approx. 8,044 sq. ft. on .91 acre lot. A real masterpiece by Kristi Hanson Architects with no expensed spared! Features paved drive to stunning courtyard entry with water features. Great room with fireplace, media and custom wet bar. Gourmet stainless kitchen with center island / counter bar and morning room with media. Custom glass display wine room and formal dining. Master suite with fireplace, sitting area and upstairs master retreat with living room, fireplace and wet bar with balcony terrace. Control 4 and all the latest electronics! Incredible loggia with fireplace, media, lounging and dining areas. Incredible infinity pool with double spas overlooking expansive mountain views on the 3rd fairway! Four car garage and much more! Offered designer furnished. Golf membership mandatory.

Last Agent to Sell the Property

Valery Neuman

Compass License #01138184 Listed on: 02/19/2021

Compass

Last Buyer's Agent

Janine Stevens

Bennion Deville Homes License #01058777

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $104,981

Year Built

  • Built in 2017

Lot Details

  • 0.91 Acre Lot
  • On Golf Course
  • Landscaped
  • Sprinkler System

HOA Fees

  • $1,350 Monthly HOA Fees

Property Views

  • Golf Course
  • Mountain

Home Design

  • Custom Home
  • Modern Architecture

Interior Spaces

  • 8,044 Sq Ft Home
  • Wet Bar
  • Furnished
  • High Ceiling
  • Custom Window Coverings
  • Sliding Doors
  • Formal Entry
  • Wine Cellar
  • Great Room with Fireplace
  • 2 Fireplaces
  • L-Shaped Dining Room
  • Breakfast Room

Kitchen

  • Gourmet Kitchen
  • Breakfast Bar
  • Gas Range
  • Range Hood
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Secondary bathroom tub or shower combo

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Car Direct Access Garage
  • Driveway

Pool

  • Infinity Pool
  • In Ground Spa

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Fireplace
  • Casita
  • Built-In Barbecue

Additional Homes

  • Guest House
  • Fireplace in Guest House

Location

  • Ground Level

Utilities

  • Forced Air Heating and Cooling System
  • Property is located within a water district

Listing and Financial Details

  • Assessor Parcel Number 779410014

Community Details

Overview

  • The Madison Subdivision
  • 5-Story Property

Recreation

  • Golf Course Community

Security

  • Controlled Access
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$104,981

Year Built

Built in 2017

Lot Details

0

HOA Fees

$1,350 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Attached/Detached: No
  • Levels: Two
  • Building Number Of Stories: 5
  • Building Style: Modern
  • Casita Features Other: Two bedrooms & living room
  • Entry Location: Ground Level - No Steps
  • List Price per Sq Ft: 1056.07
  • Lp Sp Ratio: 0.9700
  • View Type: Golf Course, Mountain(s)
  • Water District Name: CVWD
  • Year Built: 2017
  • Listing I D: 219057606
  • Listing Member Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Listing Member Fax: (760) 541-4899
  • Listing Office Address: 74199 El Paseo Dr., #200, Palm Desert, CA 92260
  • Selling Member Address: 47350 Washington St., Ste. 101, La Quinta, CA 92253
  • Selling Member Fax: (760) 406-4704
  • Selling Office Address: 47350 Washington St. Ste. 101, La Quinta, CA 92253
  • Selling Office Fax: (760) 564-7969
  • Land Type: Fee
  • Subdivision: The Madison
  • Special Features: None

Interior Features

  • Appliances: Dryer, Gas Range, Washer, Refrigerator, Dishwasher
  • Fireplace: Yes
  • Fireplace Location: Exterior, Master Retreat, Master Bedroom, Great Room, Casita - Guest House
  • Interior Amenities: Elevator, Wet Bar, High Ceilings (9 Ft+)
  • Range Hood: Yes
  • Flooring: Mixed
  • Bedroom Features: 2 Master Bedrooms, Master Suite, Master Retreat, Main Floor Master Bedroom
  • Total Bedrooms: 5
  • Bathroom Features: Shower & Tub
  • Half Bathrooms: 1
  • Total Bathrooms: 6.00
  • Full Bathrooms: 5
  • Eating Areas: Breakfast Counter/Bar, Dining Ell, Breakfast Room
  • Kitchen Features: Gourmet Kitchen, Island
  • Laundry: Individual Room
  • Estimated Sq Ft: 8044.00
  • Windows Treatments: Custom Window Covering

Exterior Features

  • Other Features: Custom Built
  • Other Structures: Guest House/Casita
  • Built-in BBQ: Gas
  • Patio: Covered
  • Pool: Yes
  • Pool Construction: In Ground
  • Pool Description: In Ground, Private, Infinity
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Driveway, Direct Entrance
  • Total Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Cooling Type: Air Conditioning, Central Air
  • Heating: Fireplace(s), Forced Air
  • Security: 24 Hour Security, Gated Community
  • Sewer: In, Connected and Paid
  • Water: Water District

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: Controlled Access
  • HOA Information: Yes
  • HOA Fee 1: 1350.00
  • Total Monthly Association Fees: 1350.00

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 779410014
  • Irrigation: Sprinkler System
  • Lot Acres: 0.9100
  • Lot Description: Landscaped
  • Lot Location: On Golf Course
  • Lot Size: 39640.00

Rental Info

  • Furnished: Furnished
  • Land Lease Type: Fee Simple
  • Short Term Rentals: Unknown

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Fireplaces: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2021
Closed on
Apr 28, 2021
Sold by
Peets Chad and Peets Cari Jean
Bought by
Shannon Kevin A and Shannon Britta W
Seller's Agent
Valery Neuman
Compass
Buyer's Agent
Janine Stevens
Bennion Deville Homes
List Price
$8,495,000
Sold Price
$8,250,000
Premium/Discount to List
-$245,000
-2.88%
Current Estimated Value
$8,763,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$513,000
Avg. Annual Appreciation
1.39%
Original Mortgage
$4,650,000
Outstanding Balance
$4,137,812
Interest Rate
2%
Mortgage Type
New Conventional
Estimated Equity
$4,625,188

Purchase Details

Listed on
Mar 5, 2020
Closed on
Jun 30, 2020
Sold by
Peets Chad and Peets Cari
Bought by
Peets Chad and Peets Cari Jean
Seller's Agent
Valery Neuman
Compass
Buyer's Agent
Jon Flagg
Pacific Sotheby's Int'l Realty
List Price
$7,895,000
Sold Price
$7,050,000
Premium/Discount to List
-$845,000
-10.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.15%
Original Mortgage
$4,000,000
Interest Rate
1.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 5, 2020
Closed on
May 14, 2020
Sold by
Mills Robert L and Robert L Mills Trust
Bought by
Peets Chad and Peets Cari
Seller's Agent
Valery Neuman
Compass
Buyer's Agent
Jon Flagg
Pacific Sotheby's Int'l Realty
List Price
$7,895,000
Sold Price
$7,050,000
Premium/Discount to List
-$845,000
-10.7%

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
1.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 7, 2017
Closed on
Mar 8, 2018
Sold by
T Star Iii Llc
Bought by
Mills Robert L
Seller's Agent
Valery Neuman
HK Lane Real Estate
Buyer's Agent
Valery Neuman
HK Lane Real Estate
List Price
$7,395,000
Sold Price
$6,750,000
Premium/Discount to List
-$645,000
-8.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.01%

Purchase Details

Closed on
Jan 28, 2015
Sold by
Della David T and Penta Karen Della
Bought by
T Star Iii Llc

Purchase Details

Closed on
May 29, 2007
Sold by
East Of Madison Llc
Bought by
Penta David T Della and Penta Karen Della
Source: Public Records

Range of Values:

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Average Value
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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
Shannon Kevin A $7,750,000 Lawyers Title Ie
Peets Chad -- Lawyers Title Ie
Peets Chad $6,550,000 Lawyers Title Ie
Mills Robert L $6,200,000 Lawyers Title Ie
T Star Iii Llc $1,000,000 First American Title Company
Penta David T Della $2,000,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shannon Kevin A $4,650,000
Previous Owner Peets Chad $4,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/10/2021 06/10/21 Sold $8,250,000 -2.9% $1,026 / Sq Ft
04/26/2021 04/26/21 Pending -- -- --
02/19/2021 02/19/21 For Sale $8,495,000 +20.5% $1,056 / Sq Ft
05/22/2020 05/22/20 Sold $7,050,000 -10.7% $876 / Sq Ft View Prior Sale
05/21/2020 05/21/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $7,895,000 +17.0% $981 / Sq Ft
03/13/2018 03/13/18 Sold $6,750,000 -3.5% $839 / Sq Ft View Prior Sale
02/13/2018 02/13/18 Pending -- -- --
02/02/2018 02/02/18 Price Changed $6,995,000 -5.4% $870 / Sq Ft
10/07/2017 10/07/17 For Sale $7,395,000 -- $919 / 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 $104,981 $8,388,847 $2,056,620 $6,332,227
2023 $104,981 $8,063,100 $1,976,760 $6,086,340
2022 $102,291 $7,905,000 $1,938,000 $5,967,000
2021 $91,849 $7,085,148 $1,829,256 $5,255,892
2020 $90,937 $7,022,700 $1,820,700 $5,202,000
2019 $0 $6,885,000 $1,785,000 $5,100,000
2018 $62,237 $4,789,466 $1,056,266 $3,733,200
2017 $40,256 $3,035,555 $1,035,555 $2,000,000
2016 $13,393 $1,015,250 $1,015,250 $0
2015 $12,571 $1,000,000 $1,000,000 $0
2014 $18,567 $1,456,000 $1,456,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219057606

California Desert Association of REALTORS®

APN: 779-410-014