
Palm Springs, California 92264
This Class 1 Historical Desert Sanctuary, the iconic 1926 Giannini residence, offers a rare Move-In Ready Home experience in Araby Cove. Listed at $2,395,000, the price reflects the property's unique architectural pedigree and museum-quality restoration compared to the $2,111,151 Fair Market Value. Boasting an Excellent Condition Rating, the estate integrates a gourmet kitchen and high-end HVAC with an original Albert Frey deck and panoramic mountain views. Located near Palm Springs High School, this estate balances historical preservation with modern luxury. It is the ultimate retreat for Luxury Home Seekers or History Enthusiasts.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2350 S Araby Drive Subject | $2,395,000* List Price | 3 | 3 | 2,500 | $844 | - |
A 2684 Anza Trail Sold | $2,085,000 | 4 | 4 | 2,978 | $700 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1926, this historical property has undergone a comprehensive high-end renovation. It features a gourmet kitchen with modern Dacor appliances, updated wiring, a new extensive HVAC system, and new insulation, meeting the criteria for a property with a recent major renovation and no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 27878, living area = 2500.
Boasting a Class 1 historical designation, this 1926 Giannini residence features rare board-formed concrete and locally quarried stone, offering a unique blend of museum-quality craftsmanship and desert history.
The property has been meticulously updated with a high-end HVAC system, whole-house water softening, updated wiring, and new insulation, providing the reliability of a modern home within a vintage shell.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2500, other record living area = 2127. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The elevated hillside location and grand stairway entrance may pose mobility issues for some buyers, as the property is not a traditional single-level desert layout.
Unlike many modern Palm Springs developments, this property relies on a septic system, which requires ongoing monitoring and periodic servicing compared to municipal sewer connections.
If you are looking to own a piece of history without sacrificing modern amenities look now further. This iconic desert retreat has a class one historical designation. Know as the Giannini residence, the original owners and founders of Bank of America made this their desert retreat nestled higher up in Araby Cove. Araby cove is one of the first and oldest subdivisions in South Palm Springs. The home was constructed with board formed , poured in place concrete and finely cut locally quarried stone over the concrete walls which is reminiscent of the craftsmanship from the 1880s-1930s era. The property also features a basement and bank type vault which could be a nice wine cellar. The basement stays at a cool temperature naturally through the year and has added AC in case you would like it even cooler. A large Albert Frey deck serves as a star and view gazing platform as well as a shade for the cars underneath. This could be a huge party space as well! Enter up a grand stair way to a stone porch! The porch is naturally cool being surrounded by rock and the orientation from the sun. The views from the front of the home are incredible and expansive. Enter the home thru old French doors and you are greeted with a huge original rock fireplace. The living room flows nicely into an office nook, then into a gourmet kitchen, butler pantry and coffee bar and breakfast nook. This all opens up to the lovely outdoor space surrounded by patios, a kidney shaped pool, spa and top of the line desert scape. There are outstanding views from each of the homes outside and inside viewing areas. Back inside the home we will find a large formal dining room to accompany your chefs kitchen. There is one guest bedroom and a den serviced by a jack and jill bath. The second bath on that side also able to serve the entertaining and dining areas. The other side of the home offers the primary suite with a large bath and sitting area. Also on that side is the second guest bedroom. This home has changed hands less than a handful of time in a 100 years. This is a a once in a lifetime opportunity to own a piece of history. The current owner has installed a very expensive and extensive HVAC system, added a whole house water softening system ,added new insulation, updated appliances, serviced the septic system , updated wiring and so much more. The home is ready for your upmost enjoyment and trouble free living!
No exterior & parking available.
Grades K-5 • 1.9 mi
Grades 6-8 • 4.0 mi
Grades K-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,500 | 2,330 | 57% |
| Lot Size | 27,878 | 10,019 | 98% |
| Price | $2.40M | $1.44M | 86% |
| Price per sq ft | $958 | $625 | 95% |
| Built year | 1926 | 1976 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 77 | 144 | 10% |
Apr 6, 2026
$2,395,000
$2,500,000
-4% Price Drop
Initial Listing
Mar 22, 2026
$2,500,000
Initial Listing
May 31, 2024
$2,247,500
Public Record