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49988 Aspen
About This Property
Set on just under five acres with sweeping views toward Mt. San Jacinto, this thoughtfully curated desert estate is unlike anything else in the valley. Unpretentious yet undeniably luxurious, the property welcomes you without pretense. From the moment you arrive, there is a sense of ease-a feeling that everything is exactly where it should be.
The main residence and separate casita are connected by a design that feels deeply rooted in the landscape. Concrete floors run throughout, while a custom handmade staircase rises toward the primary suite, its sculptural form echoing the mountains beyond. The kitchen was created to gather, with the space and amenities to accommodate a crowd, yet the home never loses its relaxed, effortless character.
And then there is the outdoor experience: a pool, jacuzzi, expansive desert views, and nearly five acres of High Desert landscape to call your own. A metal roof, solar, EV charging station, casita, and other thoughtful amenities quietly elevate the property without ever making it feel overdone.
Short-term rental permit in place, operations continue uninterrupted at sale with the buyer submitting for their own permit within 30 days per San Bernardino county. Local property management can assist with the transaction. The opportunity is there for those who see it.
The solar and well are priceless.
Just minutes from Palm Springs International Airport, Joshua Tree National Park, Pioneertown, local restaurants, and the farmers market, this is a property that offers both seclusion and connection.
A desert estate with soul.
A place to gather, retreat, create, and simply be.
Paradise found.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 9, 2026 | Listed by Inspire Real Estate | $1,450,000 | |
| Listed by Inspire Real Estate | |||
| Mar 12, 2025 | Listed | $1,250,000 | |
| Listed | |||
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Nestled in the hills of Morongo Valley, this one-of-a-kind estate offers breathtaking views of Mount San Jacinto and the Sand to Snow Monument. Unpretentious yet undeniably luxurious, the property is a perfect blend of comfort and elegance, thoughtfully designed with every detail in mind. From the custom wrought iron staircase, inspired by the majestic mountains outside, to the spacious, updated interiors, this home invites you to experience desert living at its finest.
Completely updated in 2022, this distinguished residence sits on over 4 acres - boasts three stunning bedrooms and bathrooms, along with a brand-new metal roof that adds a modern touch to its timeless appeal. The detached casita, complete with its own cupola, full kitchen, fireplace, and bathroom, provides an added level of charm and versatility. Surrounded by the natural beauty of the desert, the estate’s outdoor sanctuary offers a true haven for relaxation, with dedicated spaces for cooking, soaking up the sunshine in the cowboy pool, enjoying the jacuzzi, dining, and lounging.
To enhance everyday living, the property comes fully equipped with solar panels, a charging station, a private well, a Sonos sound system, HVAC, and mini splits to ensure year-round comfort. Located just 20 minutes from Palm Springs International Airport, Joshua Tree National Park, Pioneertown, and other nearby desert cities, this extraordinary estate offers the perfect balance of privacy and convenience.
Morongo Valley, the high desert’s best-kept secret, is proud to be home to this exceptional estate—a sanctuary where luxury, functionality, and natural beauty converge. The photographs offer a glimpse, but an in-person visit reveals the full splendor of this property.
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| Aug 12, 2024 | Sold | ||
| Sold | |||
| May 27, 2024 | Listed by Harcourts Prime Properties | $975,000 | |
| Listed by Harcourts Prime Properties | |||
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Discover an unparalleled sanctuary nestled in scenic Morongo Valley, at Two Pepper Ranch. Spread across 5-acres, this immaculate estate harmoniously intertwines contemporary design with the serene beauty of desert bliss. Stunning Mt San Jacinto serves as the backdrop, offering uninterrupted views from this idyllic location situated conveniently between Coachella Valley, Palm Springs, and the famed Joshua Tree National Park. This exceptional estate seamlessly blends contemporary elegance with the serene allure of desert living. This marvelous estate underwent a meticulous rebuild in 2022 elevating the luxurious features. From the new metal roof to the updated plumbing, from the updated electrical systems to the efficient HVAC, every detail was carefully crafted to ensure modern comfort and functionality. This distinguished property has a rich history, once serving as an artist’s haven, now the private sanctuary of a renowned interior designer to the stars. Featuring the main home with 3 lavish, king-sized bedrooms and bathrooms, as well as an elegant separate casita offering another full bedroom, full bathroom, and fully equipped kitchen perfect for accommodating guests or embracing a multi-generational living arrangement. As you step into the outdoor oasis, indulge yourself in the sparkling cowboy pool set into the custom wooden deck, adjacent to a secluded hot tub and an outdoor living room surrounded by the lush tranquility of cactus gardens. Beyond its aesthetic allure, this estate embodies the pinnacle of secluded luxury. A private, exclusive driveway ensures utmost privacy, leading to a triple garage that effortlessly accommodates your vehicles and recreational gear. The property is self-sufficient, boasting a reliable well water supply and harnessing the power of solar energy, thereby minimizing its ecological footprint while maximizing efficiency and sustainability. Offered for sale for the first time in its current, exceptional state, this haven invites you to seek solace, rejuvenate the soul, and inspire the senses. The serenity and uninterrupted beauty of this sanctuary make this true and very rare paradise the epitome of desert living!
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| Dec 16, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017