5240 E Lakeside Drive, Palm Springs, California 92264, Palm Springs, 92264 - 4 bed, 3 bath

5240 E Lakeside Drive, Palm Springs, California 92264 home-pic-0
ACTIVE$1,579,000
5240 E Lakeside Drive, Palm Springs, California 92264
4Beds
3Baths
3,200Sqft
10,454Lot

Price Vs. Estimate

The estimated value ($1,557,544.04) is $21,455.96 (1%) lower than the list price ($1,579,000). This property may be overpriced.

Key pros and cons

Top Pros:
Iconic Architectural Pedigree & Meticulous Renovation: Designed by renowned mid-century architect Donald Wexler and masterfully restored with full plans and permits in 2024, this property seamlessly blends historical significance with modern luxury and functionality.
Top Cons:
Potential for High Ongoing Maintenance: The expansive 10,000+ sqft lot, extensive landscaping, and private pool/spa will require significant time and financial commitment for regular upkeep and maintenance.

Compared to the nearby listings

Price:$1.58M vs avg $1.28M (+$297,000)67%
Size:3,200 sqft vs avg 2,178 sqft81%
Price/sqft:$493 vs avg $59128%

More Insights

Built in 1965 (60 years old).
Condition: Despite being built in 1965, this property has undergone a 'masterful' and 'meticulous' renovation with full plans and permits in 2024. This extensive renovation within the last year means all components are new or virtually new. The images confirm this, showcasing a pristine kitchen with luxury finishes, modern stainless steel appliances, sleek flat-panel cabinetry, and white countertops. Bathrooms are described as 'stunning' and appear updated with modern fixtures. Flooring is consistent light wood/LVP throughout, and lighting is modern recessed. The property also boasts 44 owned solar panels, a pool, and spa, indicating high-quality, updated systems and amenities. There is no visible deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Year Built
1965
Close
-
List price
$1.58M
Original List price
$1.8M
Price/Sqft
$493
HOA
-
Days on market
-
Sold On
-
MLS number
OC25022531
Home ConditionExcellent
Features
Excellent View: Desert, Golf Course, Mountain(s)
Deck
Pool
Spa
Patio
ViewDesert,Golf Course,Mountain(s)

About this home

Designed by Donald Wexler ~ Meticulously Renovated ~ 10,000+ SqFt Lot with 100 Foot Golf Course Frontage ~ 600 SqFt Primary Suite ~ 2 Living Rooms ~ Pool, Spa, and Sun Deck ~ 44 Owned Solar Panels ~ Fee Simple Land, No HOA, No Power Lines ~ Mountain, Golf, and Hope House Views ~ This mid-century jewel has been masterfully restored, breathing new life into its storied history. Featuring its prominent Hawaiian-style outrigger, intricate stonework, Alexander Cone fireplace, and sprawling 4 Bedroom layout, "The Royal Singapore" was acclaimed architect Donald Wexler's most unique creation; a bold departure from prevailing mid-century architecture and a playful foray into Polynesian-inspired Modernism. With its grand front doors opening to walls of glass and iconic “H-Shaped” layout, 5240 Lakeside is the largest model home in Green Fairway Estates, providing 4-Bedrooms and 2 distinct wings encompassing the central lanai. The East Wing offers a spacious and bright Living Room with its Alexander Cone fireplace and views of the San Jacinto Mountains. The Dining Area opens to the pristine Kitchen, complete with luxury finishes and golf course views. The large 4th bedroom is situated privately on this side of the home, with sliding doors that open directly to the pool. The West Wing contains 2 guest bedrooms and a spacious Media / Family Room with a tranquil reading nook and sparkling full bathroom. The 600 sqft Primary Suite is equipped to serve as its own Casita, featuring a stunning Bathroom, Walk-In Closet, Wet-Bar with Cabinets and Mini-Fridge, and gorgeous views of the Pool and Golf Course. The rear fence has been legally extended 15+ feet into the golf course fairway, providing a vast amount of flat grass yard and fully maximizing the 10,000+ Square Foot lot. Masterfully renovated with full Plans and Permits in 2024, this generational property is ready for its new Owner to cherish its unique style and storied history for years to​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​‌‌​​‌‌​​​​ come.

Nearby schools

4/10
Cahuilla Elementary School
Public,K-53.0mi
4/10
Raymond Cree Middle School
Public,6-84.4mi
4/10
Desert Learning Academy
Public,K-122.3mi
6/10
Palm Springs High School
Public,9-122.4mi
Condition Rating
Excellent

Despite being built in 1965, this property has undergone a 'masterful' and 'meticulous' renovation with full plans and permits in 2024. This extensive renovation within the last year means all components are new or virtually new. The images confirm this, showcasing a pristine kitchen with luxury finishes, modern stainless steel appliances, sleek flat-panel cabinetry, and white countertops. Bathrooms are described as 'stunning' and appear updated with modern fixtures. Flooring is consistent light wood/LVP throughout, and lighting is modern recessed. The property also boasts 44 owned solar panels, a pool, and spa, indicating high-quality, updated systems and amenities. There is no visible deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Iconic Architectural Pedigree & Meticulous Renovation: Designed by renowned mid-century architect Donald Wexler and masterfully restored with full plans and permits in 2024, this property seamlessly blends historical significance with modern luxury and functionality.
Premium Golf Course Frontage & Expansive Views: Boasting 100 feet of direct golf course frontage on a maximized 10,000+ sqft lot, the property offers stunning mountain, golf, and Hope House views from multiple vantage points.
Exceptional Outdoor Living & Energy Efficiency: The property features a private pool, spa, and sun deck for leisure, complemented by 44 owned solar panels, providing substantial energy savings and environmental benefits.
Spacious & Thoughtful Layout: As the largest model in Green Fairway Estates, this 3200 sqft home offers a generous 4-bedroom, 3-bath layout with two distinct living areas and a luxurious 600 sqft primary suite with casita potential.
Desirable Ownership & Low Overhead: The property is Fee Simple Land with no HOA fees and no overhead power lines, enhancing long-term value, reducing ongoing costs, and offering greater autonomy to the owner.

Cons

Potential for High Ongoing Maintenance: The expansive 10,000+ sqft lot, extensive landscaping, and private pool/spa will require significant time and financial commitment for regular upkeep and maintenance.
Specific Aesthetic Appeal: While a strength for mid-century modern enthusiasts, the unique 'Polynesian-inspired Modernism' may cater to a more specialized buyer demographic, potentially narrowing the market appeal compared to more universally contemporary designs.
Original Construction Age: Despite the comprehensive 2024 renovation, the 1965 original build year means some buyers may still perceive it as an older property, potentially raising long-term concerns about non-renovated components or overall structural longevity compared to new construction.

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