$725,000
SOLD FEB 18, 2021
6 Beds
7 Baths
5,073 Sq Ft
1 Acres

Recently Sold

$143 Per Sq Ft

78% Below List Price

68 Days on Market

Highlights

  • Tennis Courts
  • Cabana
  • Two Primary Bedrooms
  • Palm Springs High School Rated A-
  • Gourmet Kitchen
  • Custom Home

About This Home

As of February 2023

New co-ownership opportunity: Own 1/8 of this professionally managed, turnkey home in Palm Springs. Picture yourself doing laps in the new waterfall pool, serving for the set on your own court, or sinking a putt on the private four-hole green - this one-acre Old Las Palmas estate has it all. Enter this just-renovated 5-bedroom, 7-bath stucco home through a picturesque garden, the calming sounds of a limestone fountain burbling nearby. Open the steel and glass doors and you'll discover an open floor plan living space that has it all. The living room features a soaring, beamed wood ceiling and sleek gas fireplace, with an adjoining game space and stylish bar. The gourmet kitchen has top-of-the-line appliances and a massive island for food prep and casual dining. The kitchen is separated from the formal dining space by a floating glass wine wall. All the bedrooms have room for king beds and the ensuite bathrooms include walk-in showers. The home also has a private office. Take in views of the stunning San Jacinto Mountains from this completely walled corner property. In addition to the tennis court, putting green and pool, you can enjoy a grand veranda with a spa, swimmable waterfall, two fire pits, a covered pergola and a fully equipped outdoor kitchen with bar seating. The glass-doored, three-car garage offers an electric charger, air conditioning and a bonus room above. The home comes fully furnished and professionally decorated.

Last Agent to Sell the Property

Brandi Pratt

eXp Realty of California, Inc. License #01968872 Listed on: 12/11/2020

Last Buyer's Agent

Brandi Pratt

eXp Realty of California, Inc. License #01968872

Property Details

Property Type

  • Timeshare

Est. Annual Taxes

  • $67,370

Year Built

  • Built in 1991

Lot Details

  • 1 Acre Lot
  • Home has North and South Exposure
  • Drip System Landscaping
  • Private Lot
  • Corner Lot
  • Paved or Partially Paved Lot
  • Sprinklers on Timer
  • Back and Front Yard

Property Views

  • Mountain
  • Pool

Home Design

  • Custom Home
  • Modern Architecture
  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 5,073 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wet Bar
  • Furnished
  • Bar
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Decorative Fireplace
  • Gas Fireplace
  • Drapes & Rods
  • Window Screens
  • Double Door Entry
  • Sliding Doors
  • Living Room with Fireplace
  • Formal Dining Room
  • Bonus Room
  • Storage
  • Concrete Flooring

Kitchen

  • Gourmet Kitchen
  • Updated Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Retreat
  • Double Master Bedroom
  • Walk-In Closet
  • Sunken Shower or Bathtub
  • Remodeled Bathroom
  • Two Primary Bathrooms
  • Powder Room
  • 7 Full Bathrooms
  • Shower Only in Secondary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Smart Home

Parking

  • 3 Car Direct Access Garage
  • 3 Parking Garage Spaces
  • Garage Door Opener
  • Driveway
  • Automatic Gate
  • Guest Parking
  • On-Street Parking

Pool

  • Cabana
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Outdoor Pool
  • Waterfall Pool Feature

Outdoor Features

  • Tennis Courts
  • Covered patio or porch
  • Fire Pit
  • Built-In Barbecue

Utilities

  • Zoned Heating and Cooling
  • 220 Volts in Garage

Listing and Financial Details

  • Assessor Parcel Number 505151028

Community Details

Recreation

  • Putting Green

Additional Features

  • Old Las Palmas Subdivision
  • Billiard Room

Property Details

Property Type

Timeshare

Est. Annual Taxes

$67,370

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Timeshare
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces South, Leisure Faces North
  • Levels: One
  • Building Number Of Stories: 1
  • Building Style: Modern
  • List Price per Sq Ft: 142.91
  • Lp Sp Ratio: 1.0000
  • View Type: Mountain(s), Pool
  • Year Built: 1991
  • Listing I D: 219054361
  • Listing Office Address: 47060 Washington St., Ste 5202, La Quinta, CA 92253
  • Selling Office Address: 47060 Washington St., Ste 5202, La Quinta, CA 92253
  • Street Direction: W
  • Land Type: Fee
  • Subdivision: Old Las Palmas
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Gas Cooktop, Gas Range, Ice Maker, Microwave Oven, Refrigerator, Washer
  • Appliances Other: Wine/Beverage Refrigerator
  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Interior Amenities: Bar, Beamed Ceilings, High Ceilings (9 Ft+), Home Automation System, Open Floorplan, Recessed Lighting, Storage, Vaulted Ceiling(s), Wet Bar
  • Range Hood: Yes
  • Fireplace Features: Decorative, Fire Pit, Gas
  • Flooring: Concrete
  • Bedroom Features: 2 Master Bedrooms, Master Retreat, Walk In Closet
  • Total Bedrooms: 6
  • Bathroom Features: 2 Master Baths, Powder Room, Remodeled, Shower Stall, Sunken Tub
  • Total Bathrooms: 7.00
  • Full Bathrooms: 7
  • Eating Areas: Breakfast Counter/Bar, Formal Dining Room, Kitchen Island
  • Kitchen Features: Gourmet Kitchen, Island, Remodeled, Stone Counters
  • Laundry: Individual Room
  • Estimated Sq Ft: 5073.00
  • Windows Treatments: Drapes, Screens, Skylight(s)

Exterior Features

  • Other Features: Barbeque Private, Custom Built, Putting Green, Tennis Court
  • Other Structures: Cabana
  • Roofing: Tile
  • Built-in BBQ: Gas
  • Foundation: Slab
  • Patio: Covered
  • Pool: Yes
  • Pool Accessories: Waterfall
  • Pool Construction: In Ground
  • Pool Description: Heated, In Ground, Private, Waterfall
  • Pool Location: Private
  • Planned Unit Development: No
  • Spa Hot Tub: Yes
  • Spa Hot Tub Construction: In Ground
  • Spa Hot Tub Description: Heated, Private
  • View: Yes

Garage/Parking

  • Garage: Yes
  • Garage Description: Attached
  • Parking: Direct Entrance, Driveway, Garage Door Opener, Guest, On Street
  • Total Covered Spaces: 3.00
  • Total Garage Spaces: 3.00
  • Total Parking Spaces: 9.00
  • Total Uncovered Assigned Spaces: 3.00

Utilities

  • Volt 220: In Garage
  • Cooling Type: Air Conditioning, Ceiling Fan(s), Central Air, Zoned
  • Heating: Central, Fireplace(s)
  • Security: Automatic Gate, Security System Owned
  • Sewer: In, Connected and Paid

Lot Info

  • Sprinklers: Yes
  • Assessor Parcel Number: 505151028
  • Irrigation: Drip System, Sprinkler System, Sprinkler Timer
  • Lot Description: 2 - 4 Lots, Automatic Gate, Back Yard, Front Yard, Landscaped, Private, Street Paved
  • Lot Location: Corner Lot
  • Lot Size: 43560.00

Rental Info

  • Furnished: Furnished
  • Land Lease Type: Fee Simple
  • Short Term Rentals: Yes

Multi Family

  • Total Fireplaces: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2020
Sold by
C Cruz Holdings Llc
Bought by
Palm 120 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,150,000
Outstanding Balance
$1,934,893
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$4,119,107

Purchase Details

Listed on
Nov 20, 2018
Closed on
Feb 15, 2019
Sold by
Nalam Bhaskararao and Nalam Padmavathi
Bought by
C Cruz Holdings Llc
Seller's Agent
Louise Hampton
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
John Campbell
Keller Williams Luxury Homes
List Price
$2,995,000
Sold Price
$2,350,000
Premium/Discount to List
-$645,000
-21.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.40%

Purchase Details

Closed on
Dec 20, 2002
Sold by
Nalam Bhaskararao and Nalam Padmavathi
Bought by
Nalam Bhaskararao and Nalam Padmavathi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 6, 2002
Sold by
Nalam Bhaskararao and Nalam Padmavathi
Bought by
Nalam Bhaskararao and Nalam Padmavathi
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Grant Deed $5,200,000 First American Title Company
Grant Deed $2,350,000 First American Title Company
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,150,000 Commercial
Previous Owner $360,000 New Conventional
Previous Owner $401,050 New Conventional
Previous Owner $410,000 New Conventional
Previous Owner $500,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2025 06/17/25 Price Changed $695,000 -6.7% $137 / Sq Ft
04/28/2025 04/28/25 For Sale $745,000 -11.3% $147 / Sq Ft
02/21/2023 02/21/23 Sold $840,000 0.0% $166 / Sq Ft
12/13/2022 12/13/22 For Sale $840,000 -3.8% $166 / Sq Ft
11/09/2022 11/09/22 Sold $873,000 0.0% $172 / Sq Ft
10/11/2022 10/11/22 For Sale $873,000 +20.4% $172 / Sq Ft
03/04/2021 03/04/21 Sold $725,000 0.0% $143 / Sq Ft
02/19/2021 02/19/21 For Sale $725,000 0.0% $143 / Sq Ft
02/18/2021 02/18/21 Sold $725,000 0.0% $143 / Sq Ft
12/11/2020 12/11/20 Price Changed $725,000 -78.0% $143 / Sq Ft
12/11/2020 12/11/20 For Sale $3,295,456 +40.2% $650 / Sq Ft
03/28/2019 03/28/19 Sold $2,350,000 -21.5% $463 / Sq Ft
02/14/2019 02/14/19 Pending -- -- --
11/20/2018 11/20/18 For Sale $2,995,000 -- $590 / Sq Ft
Source: California Desert Association of REALTORS®

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 $67,370 $5,410,080 $1,893,528 $3,516,552
2022 $68,762 $5,304,000 $1,856,400 $3,447,600
2021 $67,337 $5,200,000 $1,820,000 $3,380,000
2020 $30,058 $2,397,000 $142,800 $2,254,200
2019 $18,798 $1,488,161 $378,497 $1,109,664
2018 $18,442 $1,458,982 $371,077 $1,087,905
2017 $18,168 $1,430,375 $363,801 $1,066,574
2016 $17,629 $1,402,329 $356,668 $1,045,661
2015 $16,958 $1,381,266 $351,311 $1,029,955
2014 $16,799 $1,354,211 $344,430 $1,009,781
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219054361

California Desert Association of REALTORS®

APN: 505-151-028