Anyone who thinks they feel a heightened level of excitement as they drive along Bob Hope Drive in Rancho Mirage of late isn't imagining things.

An estate home in the prestigious Clancy Lane South gated equestrian development has gone on the market with an asking price of almost $3.3 million. "We receive calls on this beautiful estate daily," Ferretti Real Estate Group Senior managing Partner Jay Simmers told Desert Magazine.

There's also been "lots of private showings with high-net-worth individuals from all over the country," Simmers said. "15 Clancy is one of a kind and is always a treat to show."

Clancy Lane, an exclusive neighborhood of several independent estates and seven lovely luxury communities, is at the beating heart of Rancho Mirage and home to some of the most impressive real estate in the Coachella Valley, without all the congestion and noise. The community's architecture has that certain cosmopolitan flair informed by the region's iconic Palm Springs culture while greater Rancho Mirage is best known as a beautiful upper class city that boasts luxuriant ease for its residents. The area has a long history as home to the famous, including Dean Martin, Frank Sinatra, Bing Crosby, Sammy Davis Jr., Billie Dove, Lucille Ball and Gerald and Betty Ford.

The property at 15 Clancy Lane South is a standout in the neighborhood.

"The home is situated on a little less than 1 acre in the heart of Rancho Mirage," Simmers said. "It features an oversized lap pool and a subterranean tennis court that is irreplaceable."

Built in 1979, the property is a genuinely rare opportunity to own an estate home, especially for anyone who would appreciate its south facing backyard’s unobstructed and breathtaking mountain views. The property has been fully remodeled and includes a 5,000-square-foot home with luxurious finishes, five bedrooms and bathrooms, and a great deal more.

"The floor is imported large format porcelain tile that gives the wow factor throughout the house," Simmers said. "There was not an ounce missed when renovating this estate. The materials were carefully selected to create an organic contemporary blend that is warm and clean. After weeks of planning, the home is tastefully staged with furniture from the renowned Meridith Baer home staging company from Beverly Hills."

Those touring 15 Clancy Lane South will notice the open floor plan includes a formal entry, great room, bar, breakfast and dining areas, Den/Study, and the family and living rooms. The spacious living area features 9-foot-plus walls and vaulted ceilings and cleverly designed recessed lighting. The master bedroom includes an electric fireplace and the private, heated, in-ground pool is just outside. There's space for three vehicles in the garage and room for six more outside, reached by a circular driveway from the direct entrance.

Among the many perks of living on Clancy Lane are the discounts local homeowners receive at Clancy Lane Boarding Stables for the many equestrian services the stables provide. Clancy Lane Boarding Stables bills itself as "the BIGGEST little ranch" in the Coachella Valley and provides full-service boarding that includes an air-cooled barn, its "mare motel," box stalls with runs, an arena, round-pen, turn outs, and - of course - the adjacent equestrian trail. There also is a grazing area and misters for cooling in the social center.

"Once every couple of years do true large estate properties in central Rancho Mirage come to the market," Simmers said. "This is especially rare since it is a fully remodeled estate property."