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$639,900
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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.
Full Property Details
Full Property Details for 40621 Terraza
General
- Price: $639,900
- Status: Active
- Type: Single Family
- Source: MRMLS
- MLS ID: IV26137923
- Updated: 8/19/2026
- Days on Market: 94 days
- Added to Site: 98 day(s) ago
Interior
- Rooms/Areas: Walk-In Closet, Primary Bedroom, Entry, Kitchen, Living Room, Family Room, Primary Bathroom
- Fireplace: Yes
- Fireplace(s): Family Room
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Inside
Additional Information
- Pool: Yes
- Pool Description: Private
Parking
- Garage: Yes
- Garage Spaces: 3
Location
- County: Riverside
- Subdivision: Other (OTHR)
- Driving Directions: Coming off the freeway, take Monterey Ave and turn on hovley Ln
School Information
- School District: Palm Springs Unified
Community
- Community Features: Golf, Street Lights
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Single Family Residence
- Common Walls: No Common Walls
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,718
- Sq. Ft. Source: Assessor
- Year Built: 1999
- Year Built Source: Assessor
Lot Features
- Property View: None
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,970
- Lot Size Source: Assessor
- Lot Description: 0-1 Unit/Acre
Green Features
- Energy Generation: Solar
Financial Considerations
- Price Per Sq. Ft.: $235.43
Disclosures and Reports
- Special Conditions: Standard
Listed by Einstein Realty, ADRIAN MENESES
Get Pre-Approved Today
Schools
Schools serving 40621 Terraza
School District:Desert Sands Unified School District
| Name | Grades | Distance |
|---|---|---|
James Earl Carter Elementary School 74-251 Hovley Ln. E., Palm Desert, CA 92260 | K-5 | 0.9 mi |
Palm Desert Charter Middle School 74-200 Rutledge Way, Palm Desert, CA 92260 | 6-8 | 1.5 mi |
Colonel Mitchell Paige Middle School 43-495 Palm Royale Dr., La Quinta, CA 92253 | 6-8 | 4.9 mi |
Palm Desert High School 74-910 Aztec Rd., Palm Desert, CA 92260 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 40621 Terraza
Date
Details
Price
Change
Source
8/19/2026
Price Reduced
$639,900
-8.45%
MLS
6/30/2026
Listed
$699,000
121.9%
MLS
12/08/2011
Sold
$315,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 40621 Terraza
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,701
—
$570,028
2%
2025
$7,701
3%
$558,852
2%
2024
$7,506
-2%
$547,895
2%
2023
$7,677
8%
$537,153
2%
2022
$7,120
3%
$526,621
2%
2021
$6,890
2%
$516,296
1%
2020
$6,765
2%
$511,003
2%
2019
$6,633
2%
$500,984
2%
2018
$6,497
2%
$491,162
2%
2017
$6,367
2%
$481,532
2%
2016
$6,248
-1%
$472,091
2%
2015
$6,328
44%
$465,000
44%
2014
$4,397
1%
$322,758
—
2013
$4,367
—
$321,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 40621 Terraza
40621 Terraza, Palm Desert, CA 92260 (MLS# IV26137923) is a Single Family property with 5 bedrooms, 3 full bathrooms and 1 partial bathroom. 40621 Terraza is currently listed for $639,900 and was received on June 30, 2026. Want to learn more about 40621 Terraza? Do you have questions about finding other Single Family real estate for sale in Palm Desert? You can browse all Palm Desert real estate or contact a Coldwell Banker agent to request more information.

