Why Live in Old Las Palmas
Old Las Palmas in Palm Springs is known for its exclusivity and luxurious ambiance, having been home to numerous Hollywood stars such as Leonardo DiCaprio and Elizabeth Taylor. This upscale neighborhood features serene, tree-lined streets and is within walking distance of popular shops and restaurants along Palm Canyon Drive. Dining options include upscale American restaurants like Eight4Nine and Trio, as well as casual spots like John’s diner. Residents can shop at La Plaza’s boutiques or stock up on gourmet items at On The Mark. Homes in Old Las Palmas are predominantly Spanish-style estates on large lots, with many properties featuring backyard pools, tennis courts, and courtyards. The area also includes contemporary and midcentury modern houses. While the neighborhood lacks parks, nearby Ruth Hardy Park offers extensive recreational facilities including tennis courts and a playground. Students typically attend highly rated schools such as Katherine Finchy Elementary and Palm Springs High School. The neighborhood is walkable, with downtown Palm Springs just 1.5 miles south. Essential services like the Desert Regional Medical Center are half a mile away, and Palm Springs International Airport is about 3.5 miles east. Homebuyers should note the higher wildfire risk in the area.
Home Trends in Old Las Palmas, CA
On average, homes in Old Las Palmas, Palm Springs sell after 99 days on the market compared to the national average of 50 days. The median sale price for homes in Old Las Palmas, Palm Springs over the last 12 months is $3,300,000, down 3% from the median home sale price over the previous 12 months.
Median Sale Price
$3,300,000
Median Single Family Sale Price
$3,750,000
Median 2 Bedroom Sale Price
$735,000
Median 1 Bedroom Sale Price
$535,000
Average Price Per Sq Ft
$878
Number of Homes for Sale
7
Last 12 months Home Sales
35
Median List Price
$3,850,000
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
-3%