
Palm Springs, California 92262
This Reimagined Celebrity Estate is a Strong Value Opportunity, listed at $3,895,000—positioned well below the $4,142,680 Fair Market Value by 5%. This valuation gap offers $247,680 in Instant Equity for the incoming owner. Boasting a Pristine Condition Rating, the "Lily Pad" features a 1,000-square-foot guest house, a professional chef’s kitchen, and dramatic mountain views. Located in prestigious Old Las Palmas near top-rated Katherine Finchy Elementary, this historic compound offers a turnkey resort lifestyle. It is an elite acquisition for Luxury Home Seekers or Lifestyle Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 443 W Merito Place Subject | $3,895,000* List Price | 4 | 7 | 4,671 | $887 | - |
A 500 W Crescent Drive Sold | $4,100,000 | 4 | 6 | 5,410 | $758 | 0.1 mi |
B 425 S Via Las Palmas Sold | $4,850,000 | 4 | 6 | 4,967 | $976 | 0.5 mi |
C 311 W Via Sol Sold | $3,425,000 | 5 | 5 | 3,372 | $1,016 | 0.8 mi |
D 1255 Camino Mirasol Sold | $3,250,000 | 4 | 5 | 3,003 | $1,082 | 0.5 mi |
E 367 Tamarisk Road Active Under Contract | $2,995,000 List Price | 5 | 5 | 3,504 | $855 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a fully reimagined luxury estate that presents in pristine condition. It features high-end modern upgrades including travertine tile flooring, Fleetwood sliding doors, and a professional chef's kitchen with premium Viking and Miele appliances. The addition of a 1,000-square-foot guest house and the extensive use of modern fixtures and stainless steel surfaces indicate a comprehensive renovation that meets current high-quality standards with no visible deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23087, living area = 4671.
Situated in the prestigious Old Las Palmas neighborhood, this former celebrity estate known as the 'Lily Pad' offers unmatched historical allure and status within Palm Springs' most sought-after enclave.
The property includes a substantial 1,000-square-foot detached guest house featuring its own living area, fireplace, and suite, providing exceptional privacy for guests or multi-generational living.
With seven bathrooms, five fireplaces, and extensive gated grounds, the property will require significant ongoing maintenance and high utility costs to preserve its resort-standard condition.
While located in a luxury market, the assigned public middle and high schools carry modest ratings (4 and 6 respectively), which may be a drawback for buyers seeking a primary family residence.
Located in the prestigious Old Las Palmas neighborhood in the heart of Palm Springs, this remarkable desert estate blends classic Palm Springs glamour with modern luxury. Once owned by legendary actress and comedian Lily Tomlin, the ''Lily Pad'' carries a touch of Hollywood history within one of the city's most iconic celebrity enclaves. Originally built in 1952 and thoughtfully reimagined for modern living, the estate spans approximately 4,671 square feet on more than half an acre of lush, gated grounds. Inside, sunlit interiors unfold through expansive living and entertaining spaces offering an atmosphere that is both sophisticated and relaxed - quintessential Palm Springs glamour with a contemporary edge. This home features 4 bedrooms, 7 bathrooms and thoughtfully designed living spaces with rich travertine tile flooring that create an inviting yet sophisticated atmosphere throughout. The heart of the home has a beautifully appointed chef's kitchen with custom cabinetry and stainless-steel features that include countertops, backsplash and huge refrigerator/freezer. High-end appliances include 2 Meile dishwashers and Viking double oven & gas cooktop. There is a seamless flow between the great room & family room, both designed for effortless entertaining, showcasing two of the home's five fireplaces, a stylish wet bar, and Fleetwood sliding doors opening to the spectacular resort-style backyard. The home's four bedrooms include a luxurious ensuite primary offering a serene private escape, complete with a cozy fireplace, elegant custom drapery, and direct access to the backyard. Two other ensuite guest bedrooms, thoughtfully separated from the primary bedroom, offer guests their own private living space. Adding to the compound's appeal, the estate was expanded with the construction of a nearly 1,000-square-foot guest house, complete with its own living area with fireplace, spacious bedroom suite and dramatic views of the surrounding desert mountains. Lily Pad's outdoor space reveals the estate's true magic. The resort-style grounds are centered around a custom pool and spa, with shaded lounge areas, a beautiful natural stone fireplace, outdoor kitchen, pool bathroom, and iconic desert mountain views. Towering palms and manicured landscaping evoke the golden age of Hollywood retreats. This exceptional property offers a rare opportunity to own a piece of Palm Springs' storied past while enjoying the comfort and elegance of a fully reimagined desert estate.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.3 mi
Grades K-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 7.0 | 2.0 | 99% |
| Square foot | 4,671 | 1,914 | 98% |
| Lot Size | 23,087 | 9,583 | 97% |
| Price | $3.90M | $875.0K | 97% |
| Price per sq ft | $834 | $483 | 91% |
| Built year | 1952 | 1986 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 185 | 2% |
Mar 11, 2026
$3,895,000
Initial Listing
Feb 14, 2003
$995,000
Public Record