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

475 S Via Las Palmas

Palm Springs, California 92262

ACTIVE
CONDITION: EXCELLENT
7Beds
8Baths
9,819Sq Ft
81,893Lot Size

Property Price

LIST PRICE$9,850,000
EST. MARKET VALUE
$10,867,824
9% BelowMARKET VALUE

SUMMARY

Analysis of 475 S Via Las Palmas, Palm Springs, California 92262 reveals a Prime Investment Opportunity with a current list price of $9,850,000—significantly undercutting the $10,867,824 Fair Market Value by 9%. This valuation gap indicates a +$1,017,824 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palm Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$10,867,824 +$1,017,824 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Palm Springs.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
475 S Via Las Palmas
Subject
$9,850,000*
List Price
789,819$1,107-
A
911 Juarez Avenue
Active
$9,990,000
List Price
578,000$1,2490.4 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Despite being built in 1992, the property has undergone extensive recent renovations, as highlighted by the 'reimagined kitchen' featuring top-tier Wolf, Miele, and SubZero appliances, and 'system enhancements' including a substantial solar array. The images confirm the high quality of materials, meticulous maintenance, and luxurious condition of the kitchen, bathrooms, and overall interior, with seamless stone flooring throughout. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • 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 & Exclusivity

    Nestled in the heart of the historic Old Las Palmas enclave on nearly two acres of lush, private grounds, offering unparalleled privacy and prestige.

  • Iconic Design & Architectural Significance

    A 'one of a kind estate' designed by legendary interior designer Steve Chase, ensuring unique aesthetic appeal and lasting value.

CONSRISKS & DEFICIENCIES

  • 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.

  • Exclusivity of Price Point

    The ultra-luxury price tag of $9.85 million inherently narrows the potential buyer demographic significantly.

  • Substantial Price Appreciation

    A notable increase from its 2020 sale price of $6.7 million to the current listing price may require careful justification to prospective buyers regarding market value and recent improvements.

About 475 S Via Las Palmas

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.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1992
Lot Size
81,893 Sq. Ft.

Interior

Total Bedrooms
7
Total Bathrooms
8 (8 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Palm Springs Unified Schools

Katherine Finchy Elementary School

Grades K-5 • 0.8 mi

7/10

Raymond Cree Middle School

Grades 6-8 • 1.0 mi

4/10

Palm Springs High School

Grades 9-12 • 2.4 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds7.03.0
99%
Baths8.03.0
99%
Square foot9,8191,964
100%
Lot Size81,8939,583
100%
Price$9.85M$900.0K
100%
Price per sq ft$1.0K$478
95%
Built year19921989
54%
HOA$0$0
50%
Days on market50179
3%

Pricing History

Listed for Sale

Feb 1, 2026

$9,850,000

$10,995,000

-10% Price Drop

Initial Listing

Price Change

Jan 16, 2026

$10,995,000

Initial Listing

Sold

Sep 24, 2020

$6,700,000

Public Record

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