NOT LISTED FOR SALE

Estimated Value: $7,048,000 - $9,432,702

8 Beds
14 Baths
11,080 Sq Ft
$744/Sq Ft Est. Value

Last Sold February 21, 2020

Last sale price $6,495,000 $586 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $53,204/month

10 Days on Market

Highlights

  • Guest House
  • Heated In Ground Pool
  • 65,340 Sq Ft lot
  • Palm Springs High School Rated A-
  • Panoramic View
  • Maid or Guest Quarters

About This Home

As of February 2020

This extraordinary 1.5-acre estate is unparalleled in its distinctive style and resort-caliber amenities. Designed to celebrate light and art, it is truly irreplaceable, an oasis of tranquility that includes a one-of-a-kind five-bedroom residence, caretaker's quarters, and two chic one-bedroom guesthouses. Surrounded by towering palms, the home was constructed by superior craftsmen, has been thoughtfully rejuvenated, and boasts striking lines, angles, and details from around the world. It is an ideal venue for entertaining, with a climate-controlled wine cellar, a bar, and living and dining areas where glass pocket doors blur the line between indoors and out. The idyllic grounds offer sunny patios, numerous water features, fruit trees, swaths of emerald lawn, a koi pond enveloped by Taihu stone, and a secluded swimmer's pool and spa. The estate has been equipped with a security system, a gated motor court, a Crestron home-automation system, and an air-conditioned four-car garage.

Last Agent to Sell the Property

Eric Lavey

Sotheby's International Realty License #01511292 Listed on: 01/21/2020

Sotheby's International Realty

Co-Listed By

Marc Sanders

Compass License #01888083

Last Buyer's Agent

Rigo Lomeli

License #01887321

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $84,949

Year Built

  • Built in 2003

Lot Details

  • 1.5 Acre Lot
  • Property is zoned R1A

Property Views

  • Panoramic
  • Mountain

Home Design

  • Contemporary Architecture

Interior Spaces

  • 11,080 Sq Ft Home
  • 1-Story Property
  • Bar
  • Ceiling Fan
  • Entryway
  • Family Room
  • Living Room with Fireplace
  • 3 Fireplaces
  • Dining Room
  • Home Office
  • Intercom

Kitchen

  • Walk-In Pantry
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Pavers

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Powder Room
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Direct Access Garage
  • Garage Door Opener
  • Driveway

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Pool Tile

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Covered patio or porch
  • Guest House

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 505-195-002

Home Details

Home Type

Single Family

Est. Annual Taxes

$84,949

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Builders Tract Code: 5650
  • Living Area: 11080
  • Stories: 1
  • Year Built: 2003
  • Builders Tract Name: Old Las Palmas
  • Number Of Photos: 47
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Carpet, Hardwood, Pavers
  • Bedrooms: 8
  • Fireplaces: 3
  • Full Bathroom: 9
  • Half Bathroom: 5
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 14.00
  • Den: 0
  • Equipment: Bar Ice Maker, Ceiling Fan, Dishwasher, Dryer, Hood Fan, Ice Maker, Intercom, Microwave, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 586.19

Exterior Features

  • Other Structures: GuestHouse
  • Tennis Court Y/N: No
  • Pool Description: Gunite, Heated, In Ground, Private, Tile
  • Pool: Yes
  • Spa: Heated with Gas, In Ground, Private
  • Spa Yn: Yes
  • View: Mountains, Panoramic
  • View: Yes

Garage/Parking

  • Parking Garage: Attached, Direct Entrance, Door Opener, Driveway, Garage Is Attached

Utilities

  • Cooling: Central
  • Heating: Forced Air, Natural Gas

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 505-195-002
  • Geocode Override: No
  • Lot Size Area: 65340

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2020
Closed on
Feb 4, 2020
Sold by
Rennie David
Bought by
Lomeli Lampley J and Lomeli Rigoberto
Seller's Agent
Eric Lavey
Sotheby's International Realty
Buyer's Agent
Rigo Lomeli
List Price
$6,495,000
Sold Price
$6,495,000
Total Days on Market
10
Current Estimated Value
$8,240,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,745,351
Avg. Annual Appreciation
4.58%

Purchase Details

Closed on
Nov 2, 2009
Sold by
Upi Inc
Bought by
Houston James Ralph

Purchase Details

Closed on
May 22, 2002
Sold by
Whitewater Mutual Water Company
Bought by
U P I Inc

Purchase Details

Closed on
Aug 25, 1998
Sold by
Spaulding Diana
Bought by
U P I Inc

Purchase Details

Closed on
Jun 18, 1998
Sold by
Trust Deed Services Inc
Bought by
Urban Projects Inc

Purchase Details

Closed on
Jun 8, 1998
Sold by
Spaulding Diana and Neil Spaulding E
Bought by
Trust Deed Services Inc

Purchase Details

Closed on
Feb 6, 1998
Sold by
Spaulding Neil
Bought by
Spaulding Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,000
Interest Rate
6.9%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lomeli Lampley J $6,495,000 Equity Title Company
Houston James Ralph -- First American Title Company
U P I Inc -- Stewart Title
U P I Inc $461,480 Lawyers Title Company
Urban Projects Inc -- First American Title Ins Co
Trust Deed Services Inc -- --
Spaulding Diana -- First American Title Ins Co
Spaulding Diana $1,750,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spaulding Diana $11,000
Previous Owner Spaulding Diana $191,000
Previous Owner Spaulding Diana $300,000
Previous Owner Spaulding Diana $884,000
Closed Spaulding Diana $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2020 02/21/20 Sold $6,495,000 0.0% $586 / Sq Ft
01/31/2020 01/31/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $6,495,000 -- $586 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $84,949 $6,827,402 $1,834,305 $4,993,097
2022 $86,706 $6,693,533 $1,798,339 $4,895,194
2021 $84,908 $6,562,288 $1,763,078 $4,799,210
2020 $84,249 $6,757,398 $1,560,600 $5,196,798
2019 $59,543 $4,760,188 $682,766 $4,077,422
2018 $58,406 $4,666,852 $669,379 $3,997,473
2017 $57,536 $4,575,346 $656,254 $3,919,092
2016 $55,812 $4,485,635 $643,387 $3,842,248
2015 $53,725 $4,418,259 $633,724 $3,784,535
2014 $53,268 $4,331,713 $621,311 $3,710,402
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-546046

The MLS

APN: 505-195-002