
Palm Springs, California 92262
This Historic Hollywood Regency Estate is listed at $4,795,000, representing a stable valuation aligned with its $4,803,766 Fair Market Value. Currently holding a Fair Condition Rating, this Robert Marx-designed residence in prestigious Old Las Palmas offers significant upside through modernization and capital investment. The property features panoramic mountain views, a private pool, and an expansive lot near Katherine Finchy Elementary School. With its Hollywood lineage and architectural integrity, this is a premier acquisition for Architectural Collectors or Luxury Renovators seeking a high-pedigree project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 466 Camino Sur Subject | $4,795,000* List Price | 4 | 3 | 4,368 | $1,100 | - |
A 690 W Stevens Road Active | $5,350,000 List Price | 4 | 5 | 5,633 | $950 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this Hollywood Regency estate is well-maintained but largely reflects its original era or older renovations. The listing description explicitly suggests a 'rare opportunity to reimagine' the residence, and the property analysis identifies a need for significant capital investment to modernize finishes and systems. While the home is clean and functional, the presence of dated features like mirrored walls, vintage stone masonry, and older recessed lighting fits the 'Fair' criteria for a property that is aged but maintained through regular upkeep.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19602, living area = 4368.
Located in the elite Old Las Palmas neighborhood, this Robert Marx-designed Hollywood Regency estate offers significant historical value and a rare connection to Hollywood's golden era.
The nearly half-acre estate-sized lot provides an ultra-private resort-like setting with mature landscaping and magnificent, unobstructed mountain views.
The property is positioned as an opportunity to 'reimagine,' suggesting that significant capital investment may be needed to modernize the 1962 finishes and systems.
For a luxury estate at this price point, the current configuration of only three bathrooms for four bedrooms may be considered insufficient by modern high-end buyers.
Set within the iconic Old Las Palmas neighborhood - long favored by Hollywood's elite and prized for its close proximity to downtown Palm Springs' restaurants, retailers, and entertainment - this ultra-private Hollywood Regency residence captures the essence of classic desert living on an estate-sized lot with magnificent mountain views. Originally designed by Robert Marx, son of Gummo Marx of the legendary Marx Brothers, this residence carries a subtle Hollywood lineage that reflects the glamour and creative spirit of its era. A formal entry framed by floor-to-ceiling glass introduces interiors filled with light and connection to the outdoors. The expansive living room, anchored by a gas fireplace, opens to the backyard through sliding glass doors flanked by floor to ceiling windows while an adjacent formal dining room and adjacent bar create a natural flow for gatherings. A separate family room offers additional living space, also oriented toward the lush, private grounds. The kitchen is thoughtfully positioned for both function and flow, offering a casual sitting area, generous storage, and a dedicated space with built-in wine refrigeration - ideal for both everyday living and entertaining support. The bedroom layout offers flexibility and separation. The Primary Suite opens to the backyard and features a spa-like bath and walk-in closet. Bedrooms Two and Three enjoy west-facing exposure with direct outdoor access and a shared bath, while Bedroom Four (currently styled as an entertainment suite) can easily adapt to a variety of uses and the plumbing is already in place to add an ensuite bath. Outside, mature landscaping surrounds the home, creating a private resort-like setting. The south-facing front yard captures stunning mountain views, while the backyard offers space to relax, entertain, and enjoy the quiet beauty of the desert. A rare opportunity to reimagine a classic Hollywood Regency residence in one of Palm Springs' most prestigious and desired neighborhoods.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 3.0 | 2.0 | 50% |
| Square foot | 4,368 | 1,914 | 98% |
| Lot Size | 19,602 | 9,583 | 96% |
| Price | $4.79M | $875.0K | 98% |
| Price per sq ft | $1.1K | $483 | 97% |
| Built year | 1962 | 1986 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 184 | 0% |
Apr 15, 2026
$4,795,000
Initial Listing
Mar 30, 2012
$895,000
Public Record