40621 Terraza, Palm Desert, CA 92260
40621 Terraza, Palm Desert, CA 92260
Property Description
Welcome to 40621 Terraza, an exceptional desert retreat offering the perfect blend of privacy and resort-style living in the heart of Palm Desert. This expansive residence features approximately 2,718 square feet of living space with 5 bedrooms and 3.5 bathrooms, thoughtfully designed for everyday comfort and entertaining. Upon arrival, you are greeted by an inviting courtyard entrance that sets the tone for the peaceful atmosphere found throughout the home. Inside, generous living spaces are enhanced by soaring ceilings, abundant natural light, and a functional open-concept floor plan. The backyard is truly an entertainer's dream, offering a private resort-style setting complete with a sparkling pool, relaxing jacuzzi, and impressive in-ground BBQ area, creating the perfect atmosphere for sunny pool days and evening gatherings. Surrounded by breathtaking mountain views, this outdoor oasis feels like your own private vacation destination. Adding to the home's versatility is a private primary suite featuring its own separate entrance through the entry courtyard, ideal for multigenerational living or a private retreat. The property also offers a spacious three-car garage and extended driveway, providing ample room for multiple vehicles, guests, or recreational toys. Situated in one of Palm Desert's most desirable locations, residents enjoy convenient access to the renowned El Paseo Shopping District, often referred to as the "Rodeo Drive of the Desert," featuring luxury shopping, fine dining, art galleries, and vibrant nightlife. Nearby attractions include The Living Desert Zoo and Gardens, premier golf courses, trails, and Palm Desert Civic Center Park. Palm Desert and the greater Coachella Valley continue to experience significant growth and revitalization. One of the most exciting developments nearby is Cotino, the first-ever Storyliving by Disney community in neighboring Rancho Mirage. This highly anticipated master-planned community will feature luxury residences centered around a crystal lagoon, along with new dining, shopping, entertainment, and recreational experiences expected to further elevate the desirability of the surrounding desert communities. Whether you are searching for a primary residence, vacation home, or investment opportunity, 40621 Terraza presents a rare opportunity to own a slice of desert paradise near one of Southern California's most exciting emerging luxury destinations.
Features & Amenities
Property Details
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Comparative Market Analysis
Residential Tier · 5 active · 5 closed
Sonata 2 · Palm Desert · Single Family Residence
Listed 20.5% below the median closed sale of $879,000. Price per sqft ($257) is a 30% discount to closed comps ($366). Expect a longer timeline — comps averaged 147 days on market.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 40726 Eastwood | Palm Desert | 1998 | 5 | 3 | 2,601 | 7,841 | $277 | $720,000 | 16 | 73 |
| 44476 Hazel Canyon Lane | Palm Desert | 2005 | 4 | 4 | 2,620 | 8,276 | $324 | $849,000 | 72 | 71 |
| 40808 Eastwood Lane | Palm Desert | 1998 | 4 | 3 | 2,600 | 7,841 | $253 | $659,000 | 11 | 70 |
| 74516 Tesla Drive | Palm Desert | 2017 | 4 | 4 | 2,467 | 7,207 | $399 | $985,000 | 102 | 68 |
| 370 Cypress Point Drive | Palm Desert | 1989 | 4 | 4 | 2,596 | 8,712 | $346 | $899,000 | 234 | 67 |
| Total: 5 · Average | 4.2 | 3.6 | 2,576.8 | 7,975.4 | $319.8 | $822,400 | 87 | |||
| Median | 2,600 | $849,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 40817 Sandpiper Court | Palm Desert | 2000 | 06/24/2026 | 4 | 4 | 2,714 | 10,019 | $879,000 | $879,000 | $324 | 1.00 | 139 | 70 |
| 40603 Via Fonda | Palm Desert | 1997 | 05/15/2026 | 4 | 3 | 2,430 | 8,276 | $800,000 | $800,000 | $329 | 1.00 | 90 | 68 |
| 41653 Via Aregio | Palm Desert | 2005 | 06/01/2026 | 4 | 4 | 2,952 | 9,583 | $985,000 | $970,000 | $329 | 0.98 | 242 | 67 |
| 73810 Cezanne Drive | Palm Desert | 2009 | 07/02/2026 | 4 | 3 | 2,596 | 8,712 | $800,000 | $775,000 | $299 | 0.97 | 118 | 67 |
| 72691 Homestead Road | Palm Desert | 1986 | 07/02/2026 | 4 | 4 | 2,550 | 10,454 | $1.50M | $1.40M | $549 | 0.94 | 144 | 66 |
| Total: 5 · Average | 4.0 | 3.6 | 2,648.4 | 9,408.8 | $964,800 | $964,800 | $366 | — | 146.6 | ||||
| Median | 2,596 | $879,000 | $879,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.