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475 S Via Las Palmas, Palm Springs, California 92262, Palm Springs, 92262 - 7 bed, 8 bath

475 S Via Las Palmas, Palm Springs, California 92262 home-pic-0
ACTIVE$10,995,000$9,819/sqft
Est. Value: $11,771,772
7%
BelowEstimate
475 S Via Las Palmas, Palm Springs, California 92262
7Beds
8Baths
9,819Sqft
81,893Lot

Price Vs. Estimate

The estimated value ($11,771,771.96) is $776,771.96 (7%) higher than the list price ($10,995,000). This property may be underpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 81893, living area = 9819.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 9819, other record living area = 1496. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 1.

Compared to the nearby listings

Price:$10.99M vs avg $900.0K (+$10,095,000)100%
Size:9,819 sqft vs avg 2,023 sqft100%
Price/sqft:$1.1K vs avg $48096%

More Insights

Built in 1992 (34 years old).
Condition: Despite being built in 1992, the property has undergone extensive recent renovations, including a 'reimagined kitchen' with top-tier Wolf, Miele, and SubZero appliances, and 'system enhancements' like a substantial solar array. The images confirm a pristine condition throughout, with high-quality stone flooring, modern light fixtures, and impeccably maintained bathrooms featuring unique, artistic designs and high-end finishes. There is no visible deferred maintenance, and all components appear new or virtually new, meeting current luxury standards.
Year Built
1992
Close
-
List price
$10.99M
Original List price
$10.99M
Price/Sqft
$1,120
HOA
-
Days on market
-
Sold On
-
MLS number
219141511DA
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Nestled in the heart of the historic Old Las Palmas enclave of Palm Springs, this one of a kind estate perfectly captures the essence of desert luxury. Designed by legendary interior designer Steve Chase, the residence sits on nearly two acres of lush, private grounds.The property features a palm tree grove, orchard, tennis court, pavilion, and a resort-style pool with dramatic water features. Inside the main residence, you'll find five bedrooms, four and a half bathrooms, a media lounge, atrium and a breakfast room with panoramic views. The kitchen is outfitted with Wolf, Miele, and SubZero appliances. Stone flooring flows seamlessly from indoors to out, highlighting the impeccable attention to detail found throughout.Recent upgrades include a reimagined kitchen, media lounge, attached casita, system enhancements, and the installation of a substantial solar array--offering modern convenience while preserving the estate's timeless elegance.A two-bedroom, two-bathroom guest house sits across the motor court, complete with its own living room, kitchen, dining area and private patios.Outdoors, the estate is embraced by the majestic San Jacinto Mountains, creating a backdrop that feels like it is part of the property. Massive boulders meticulously integrated throughout the grounds enhance the sense of place, offering an unparalleled connection to the natural landscape.This estate stands as a lasting testament to Steve Chase's visionary design.

C
Carly Butterfield
Listing Agent

Nearby schools

7/10
Katherine Finchy Elementary School
Public,•K-5•0.8mi
4/10
Raymond Cree Middle School
Public,•6-8•1.0mi
6/10
Palm Springs High School
Public,•9-12•2.4mi
4/10
Desert Learning Academy
Public,•K-12•2.4mi

Price History

Date
Event
Price
09/24/20
Sold
$6,700,000
Condition Rating
Excellent
Despite being built in 1992, the property has undergone extensive recent renovations, including a 'reimagined kitchen' with top-tier Wolf, Miele, and SubZero appliances, and 'system enhancements' like a substantial solar array. The images confirm a pristine condition throughout, with high-quality stone flooring, modern light fixtures, and impeccably maintained bathrooms featuring unique, artistic designs and high-end finishes. There is no visible deferred maintenance, and all components appear new or virtually new, meeting current luxury standards.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 81893, living area = 9819.
Prime Location & Prestige: Nestled in the heart of the historic Old Las Palmas enclave of Palm Springs, this 'one of a kind estate' offers unparalleled exclusivity and a highly desirable address.
Architectural & Design Pedigree: Designed by legendary interior designer Steve Chase, the property boasts a unique and visionary aesthetic, adding significant artistic and historical value.
Expansive & Amenity-Rich Grounds: Spanning nearly two acres, the private grounds feature a palm tree grove, orchard, tennis court, pavilion, and a resort-style pool with dramatic water features, offering a luxurious outdoor living experience.
Luxury Features & Recent Upgrades: The main residence includes a reimagined kitchen with Wolf, Miele, and SubZero appliances, stone flooring, a media lounge, and a substantial solar array, ensuring modern comfort and efficiency.
Guest Accommodations & Panoramic Views: A separate two-bedroom, two-bathroom guest house provides ample space for visitors, while the estate is embraced by majestic San Jacinto Mountains, offering stunning panoramic views.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 9819, other record living area = 1496. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 1.
High Price Point & Limited Buyer Pool: With a list price of nearly $11 million, the property targets an extremely niche market, potentially leading to a longer sales cycle.
Significant Ongoing Maintenance Costs: The extensive nearly two-acre grounds, resort-style amenities, and large square footage imply substantial ongoing expenses for landscaping, pool maintenance, and general upkeep.
Specific Aesthetic Appeal: While a strength for some, the property's 'timeless elegance' and specific design by Steve Chase, though upgraded, may not appeal to all contemporary luxury buyers, potentially narrowing its market appeal.
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