Twilight shot of the soaring dramatic floating roof in keeping with the overall architectural design.
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740 N Prescott Drive, Palm Springs, CA 92262

$6.9M5bd · 5ba · 4,527 sqft
Lot 24,829 sqft•Single Family Residence•
Active
•10d on market•MLS# 219153669

Property Description

One of the rare newer custom residences completed in 2017 within one of Palm Springs' oldest and most storied neighborhoods, 740 N Prescott is an exuberant architectural statement balancing grandeur with warmth. Created through a deliberate collaboration between visionary clients and renowned architect Narendra Patel of Patel Architecture, Inc., this extraordinary estate showcases indigenous materials, natural light, and thoughtful modern design. The defining feature is its dramatic floating roof, a soaring canopy crafted from clear Douglas fir that appears to hover above the residence, framing breathtaking views of Mt. San Jacinto. Sculptural, tectonic-inspired forms conceal lighting and mechanical systems, preserving the home's clean architectural lines. Inside, refined materials and impeccable craftsmanship abound, including Jura fossilized limestone flooring, hardwood floors, Venetian plaster walls, 9-foot solid wood doors, and a sleek gas fireplace. The custom Italian Valcucine kitchen from Milan features recycled wood cabinetry, Miele appliances, dual dishwashers, dual wine refrigerators, a steam oven, built-in coffee system, walk-in pantry, and water softener. Designed for seamless indoor-outdoor living, automated windows and motorized blinds open to the pool deck and saltwater pool. The iconic sunken onyx Sinatra Bar, complete with a private powder room, adds a dramatic entertaining space. The primary suite offers dual vanities, a soaking tub, sunken shower, and limestone flooring. Three additional guest suites feature bespoke finishes, including onyx and Italian sinks, walk-in closets, automated blinds, and designer-tiled baths. A separate 383-square-foot casita provides exceptional flexibility with a full kitchenette, marble counters, dual-vanity bath, and tile shower. Additional features include three HVAC systems, a garage mini-split, fire sprinkler system, service entry, smart home integration, marble laundry room, six-camera security system, and spacious three-car garage.

Features & Amenities

Old Las PalmasFeeBuilt 2016

Property Details

Subdivision
Old Las Palmas
Land Type
Fee
Year Built
2016
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
6
Garage Spaces
3
Heating
Central, Fireplace(s), Natural Gas
Cooling
Air Conditioning, Ceiling Fan(s), Central Air, Wall/Window Unit(s)
View
Mountain(s), Panoramic, Pool
Flooring
Hardwood, Mixed
Roof
Other, Slate
City
Palm Springs
Zip Code
92262
County
Riverside
Listed byBerkshire Hathaway HomeServices California Properties, Louise Hampton·760-320-4586

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$34,890.15
Principal & Interest
Loan Amount
$5,520,000
Total Interest
$7,040,456
Total Payment Over 30 Years
$12,560,456
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Old Las Palmas

This property is located in Old Las Palmas, a community in Palm Springs. Explore more listings in this neighborhood to compare options and pricing.

View Old Las Palmas Listings

Comparative Market Analysis

Luxury Tier · 5 active · 3 closed

740 N Prescott Drive, Palm Springs, CA 92262

Old Las Palmas · Palm Springs · Single Family Residence

$6.9M
Luxury Tier
Beds
5
Baths
6
Sqft
4,527
Lot
24,829 sqft
Year
2016
$/Sqft
$1524
Pool: Yes✓
Spa: Yes✓
View: city✓
Garage: 3-car✓

Listed 112.3% above the median closed sale of $3,250,000. Price per sqft ($1,524) is a 85% premium to closed comps ($825). Closed comps sold at 89% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $6.90M· $1,524/sqft
Total list price
Closed comps
vs closed median $3.25M
+$3.65M (+112.3%)
Active comps
vs active median $3.50M
+$3.40M (+97.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $868
+$656 (+75.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
3172 Bogert TrailPalm Springs2024464,23625,700$496$2.10M1370
3150 Cody CourtPalm Springs2013343,80423,086$915$3.48M1064
670 Rose AvenuePalm Springs1958563,68916,988$948$3.50M664
520 Via LolaPalm Springs1954454,58113,068$1,047$4.79M16063
1650 Avenida SevillaPalm Springs2007564,83030,928$932$4.50M6062
Total: 5 · Average4.25.44,22821,954$867.6$3.67M49.8
Median4,236$3.50M

Closed Properties (3)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1184 Camino MirasolPalm Springs193406/16/2026564,34131,799$4.88M$4.55M$1,0480.9310981
365 Camino NortePalm Springs193608/19/2026654,07829,621$3.40M$2.98M$7300.882279
443 Merito PlacePalm Springs195208/14/2026474,67123,087$3.79M$3.25M$6960.8615576
Total: 3 · Average5.06.04,363.33328,169$3.59M$3.59M$824.667—95.33333333333333
Median4,341$3.25M$3.25M

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.