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20245 Penny Lane, Desert Hot Springs, CA 92241

$669K2bd · 2ba · 896 sqft
Lot 206,474 sqft•Single Family Residence•
Active
•24d on market•MLS# 219152890

Property Description

Desert Stone -- modern desert living with 4.74 acres of privacy, versatility, and possibilities in Sky Valley. This architecturally striking modern home offers more than a beautifully designed residence--it offers the space to create your own desert lifestyle. With nearly five acres, imagine adding a pool and spa, additional structures, guest accommodations, outdoor entertaining spaces, gardens, recreational areas, or simply enjoying the privacy and expansive desert and mountain views. Buyer to verify permitted uses and development possibilities. Inside, the open floor plan is filled with natural light and showcases large windows, high-end materials, and designer finishes throughout. No photo can fully capture the beauty, details, or feeling of this home--it truly must be experienced in person. The property also features a fully enclosed oversized RV/toy garage offering incredible versatility for vehicles, hobbies, a workshop or studio, plus a covered carport and plumbed Airstream ready for guest use or potential rental income (buyer to verify). Mature, low-maintenance desert landscaping and irrigation complement the natural surroundings, while modern utility upgrades enhance everyday comfort and efficiency. Located in Sky Valley, where you can feel like you're in your own world surrounded by open desert, mountain views and incredible privacy, yet everyday conveniences are within approximately a 15-minute drive. It's the best of both worlds--space and serenity without sacrificing accessibility. Whether envisioned as a full-time residence, weekend retreat, investment, or private desert compound, Desert Stone offers a rare combination of modern architecture, acreage, privacy and flexibility. Want even more space? The neighboring 4.74-acre parcel is also available for purchase, creating the opportunity to own nearly 10 acres and take the possibilities even further.

Features & Amenities

Not ApplicableFeeBuilt 2017

Property Details

Subdivision
Not Applicable
Land Type
Fee
Year Built
2017
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
21
Garage Spaces
3
Heating
Electric, Other
Cooling
Wall/Window Unit(s)
View
Desert, Hills, Mountain(s), Panoramic
Flooring
Laminate, Vinyl
Roof
Metal
City
Desert Hot Springs
Zip Code
92241
County
Riverside
Listed byeXp Realty of California, Inc., Errikka R Paiz·760-898-6908

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$3,382.83
Principal & Interest
Loan Amount
$535,200
Total Interest
$682,618
Total Payment Over 30 Years
$1,217,818
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

20245 Penny Lane, Desert Hot Springs, CA 92241

Not Applicable · Desert Hot Springs · Single Family Residence

$669K
Affordable Tier
Beds
2
Baths
2
Sqft
896
Lot
4.74 ac
Year
2017
$/Sqft
$747
Pool: Yes✓
Spa: Yes✓
View: city✓
Garage: 3-car✓

Listed 111.0% above the median closed sale of $317,000. Price per sqft ($747) is a 126% premium to closed comps ($331).

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $669K· $747/sqft
Total list price
Closed comps
vs closed median $317K
+$352K (+111.0%)
Active comps
vs active median $345K
+$324K (+93.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $303
+$444 (+146.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
65760 4th StreetDesert Hot Springs19852197610,019$292$285,0007667
8625 Great Smokey AvenueDesert Hot Springs2004221,2395,534$295$365,00011267
16405 Via CortoDesert Hot Springs1992321,1007,405$327$359,99911166
15705 Via VistaDesert Hot Springs1990319987,405$346$345,00010465
64903 Oakmount AvenueDesert Hot Springs1980221,2147,841$255$309,50013664
Total: 5 · Average2.41.61,105.47,640.8$303$332,899.8107.8
Median1,100$345,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
66145 4th StreetDesert Hot Springs197609/15/2026218506,534$265,000$265,000$3121.003871
18815 Vee Bee RoadDesert Hot Springs200809/28/2026321,16454,450$430,000$430,000$3691.009270
65958 Acoma AvenueDesert Hot Springs195909/16/2026218437,405$329,000$317,000$3760.964269
62512 Corsair StreetDesert Hot Springs202609/18/2026321,2296,038$395,948$387,625$3150.988968
21800 Hot SpringsDesert Hot Springs195709/03/2026211,055108,900$343,000$300,000$2840.888868
Total: 5 · Average2.41.41,028.236,665.4$339,925$339,925$331.2—69.8
Median1,055$317,000$317,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.