2350 S Araby Drive, Palm Springs, California 92264, Palm Springs, 92264 - 3 bed, 3 bath
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Palm Springs, California 92264
This Historical Desert Estate is a Strong Value Opportunity, listed at $2,395,000—positioned above the $2,229,771 Fair Market Value. While priced at a premium, the property offers an irreplaceable Class 1 Historical Designation and extensive modern upgrades, including a new HVAC system and insulation. Featuring a kidney-shaped pool, Albert Frey deck, and panoramic mountain views, this turnkey residence provides a unique lifestyle sanctuary. With its rare architectural heritage and high-end finishes, this home is an ideal acquisition for Luxury Homeowners or Historical Preservationists seeking a move-in ready desert retreat.
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 | 2,547 | $877 | - |
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.
Despite its 1926 origin, this historical estate has undergone a comprehensive high-end renovation. The listing confirms recent extensive updates to critical systems including HVAC, wiring, insulation, and septic. The interior features a modern gourmet kitchen and updated bathrooms with mint-condition finishes, qualifying it as a turnkey property with no immediate maintenance required.
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 = 2547.
As the former Giannini residence with a Class 1 historical designation, this 1926 estate offers rare board-formed concrete and locally quarried stone construction, providing a level of character and heritage that is virtually irreplaceable.
Despite its vintage, the home features significant recent capital improvements including a high-end HVAC system, updated wiring, new insulation, and a whole-house water softening system, ensuring modern reliability.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2547, 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 property utilizes a septic system rather than a municipal sewer connection, which requires ongoing maintenance and may pose limitations for future structural expansions or density changes.
The local public schools serving this address carry relatively low ratings (4 out of 10), which could be a drawback for families prioritizing top-tier educational performance in their home search.
LUXURY PROPERTY AUCTION: 9-23 JULY.Estimated sale price: $2M-$2.4M.A singular piece of Palm Springs history, this Class One historical designation residence--known as the Giannini House--stands as one of Araby Cove's most storied estates. Originally built as a desert retreat for the founders of Bank of America, the home's board-formed poured-in-place concrete and finely cut locally quarried stone reflect an era of unmatched craftsmanship. Naturally cool year-round, the solid construction is as enduring as its legacy. An original rock fireplace anchors the living room, which flows through an office nook into a gourmet kitchen with butler's pantry and coffee bar. A formal dining room, four bedrooms, and a remarkable basement bank vault--ideal as a wine cellar--complete the interior. Above, an Albert Frey deck serves as a star-gazing platform and shaded motor court below. The kidney-shaped pool and outdoor patios open to sweeping mountain views, while the front porch frames panoramas stretching from downtown Palm Springs to the windmills--all minutes from the city's celebrated dining and culture. Property and opportunity details provided by seller or others; buyer to verify.
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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,547 | 2,076 |
| Lot Size | 27,878 | 10,454 |
| Price | $2.40M | $1.04M |
| Price per sq ft | $940 | $525 |
| Built year | 1926 | 1977 |
| HOA | $0 | $332 |
| Days on market | 41 | 75 |
Jun 11, 2026
$2,395,000
Initial Listing
May 31, 2024
$2,247,500
Public Record