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5289 E Lakeside Drive, Palm Springs, California 92264, Palm Springs, 92264 - 4 bed, 3 bath

5289 E Lakeside Drive, Palm Springs, California 92264 home-pic-0
ACTIVE UNDER CONTRACT$1,595,000$2,607/sqft
Est. Value: $1,587,304
%
FairlyEstimate
5289 E Lakeside Drive, Palm Springs, California 92264
4Beds
3Baths
2,607Sqft
10,454Lot

Price Vs. Estimate

The estimated value ($1,587,304.035) is $7,695.965 (0%) lower than the list price ($1,595,000). This property may be overpriced.

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 = 10454, living area = 2607.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2607, other record living area = 2108.

Compared to the nearby listings

Price:$1.59M vs avg $1.30M (+$295,000)67%
Size:2,607 sqft vs avg 2,199 sqft67%
Price/sqft:$612 vs avg $60055%

More Insights

Built in 1965 (61 years old).
Condition: This 1965 Donald Wexler-designed home is in excellent, move-in ready condition, reflecting a meticulous 'lovingly restored' approach. While retaining original mid-century modern elements like kitchen and bathroom cabinets, stove top, and oven, these features are exceptionally well-maintained and period-appropriate. The kitchen benefits from modern stainless steel appliances (refrigerator, dishwasher, range hood), updated countertops, and a vibrant, new backsplash. Bathrooms feature updated fixtures and clean, functional showers, with the ADU bathroom being fully modern. The newly added, MCM-inspired ADU is in excellent, virtually new condition with its own kitchenette and bath. Owned solar panels and desert-friendly landscaping add to its appeal. Despite the age of the original structure, the extensive restoration and updates ensure all visible components are in great shape, making it highly functional and aesthetically pleasing, with no immediate renovations required.
Year Built
1965
Close
-
List price
$1.59M
Original List price
$1.59M
Price/Sqft
$612
HOA
-
Days on market
-
Sold On
-
MLS number
26635007PS
Home ConditionGood
Features
Excellent View: Golf Course, Mountain(s)
Pool
Spa
Patio
ViewGolf Course,Mountain(s)

About this home

Stunning mid-century home in Tahquitz Creek Golf community, a hidden gem in Palm Springs! This home was designed by iconic architect Donald Wexler, built in 1965, and is one of a few left in updated yet original condition. The current owners have updated what needed to be and have lovingly restored key features. Some of the key original features are: kitchen cabinets, cabinet hardware, stove top, oven, the amazing fireplace, bathroom cabinets, the roman shower in the primary bath, the atrium off the primary shower, the covered patio, the block walls, the rock walls and the pool. In addition a detached MCM inspired ADU/casita was added that can be a guest house or income producing. The ADU is 499 sq ft in size, features a living room, bedroom, kitchenette and bath. The main home features a living room, open to the dining room via a stunning stone wall, an oversized primary bedroom with sitting area, and 2 guest bedrooms, one was used as a Den. The outdoor spaces truly typify the Palm Springs lifestyle. Large, open rear yard, pool, spa, multiple lounging areas all looking towards golf course greens and fabulous mountain views. The finishing touches are owned solar, and desert friendly landscaping. A stunning home!

S
Sara Swanson
Listing Agent

Nearby schools

4/10
Cahuilla Elementary School
Public,•K-5•3.0mi
4/10
Raymond Cree Middle School
Public,•6-8•4.4mi
4/10
Desert Learning Academy
Public,•K-12•2.4mi
6/10
Palm Springs High School
Public,•9-12•2.4mi

Price History

Date
Event
Price
12/20/17
Sold
$595,000
Condition Rating
Good
This 1965 Donald Wexler-designed home is in excellent, move-in ready condition, reflecting a meticulous 'lovingly restored' approach. While retaining original mid-century modern elements like kitchen and bathroom cabinets, stove top, and oven, these features are exceptionally well-maintained and period-appropriate. The kitchen benefits from modern stainless steel appliances (refrigerator, dishwasher, range hood), updated countertops, and a vibrant, new backsplash. Bathrooms feature updated fixtures and clean, functional showers, with the ADU bathroom being fully modern. The newly added, MCM-inspired ADU is in excellent, virtually new condition with its own kitchenette and bath. Owned solar panels and desert-friendly landscaping add to its appeal. Despite the age of the original structure, the extensive restoration and updates ensure all visible components are in great shape, making it highly functional and aesthetically pleasing, with no immediate renovations required.
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 = 10454, living area = 2607.
Iconic Architectural Significance: Designed by iconic architect Donald Wexler and built in 1965, this mid-century modern home is one of a few left in updated yet original condition, offering unique historical and aesthetic value.
Income-Generating Detached ADU: A newly added 499 sq ft detached ADU/casita with a living room, bedroom, kitchenette, and bath provides excellent potential for rental income or flexible guest accommodation.
Premium Golf Course & Mountain Views: Situated in the Tahquitz Creek Golf community, the property boasts stunning views of golf course greens and fabulous mountains, embodying the quintessential Palm Springs lifestyle.
Luxurious Outdoor Living & Amenities: The large, open rear yard features a pool, spa, and multiple lounging areas, creating an ideal resort-style environment for relaxation and entertaining.
Sustainable Living with Owned Solar: Equipped with owned solar panels, the property offers significant long-term benefits through reduced energy costs and environmental sustainability.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2607, other record living area = 2108.
Specific Architectural Style Appeal: While a major strength for enthusiasts, the distinct mid-century modern design might not appeal to all potential buyers, potentially narrowing the market.
Age of Core Systems/Infrastructure: Despite restoration efforts, a 1965 build implies that some core systems (e.g., plumbing, electrical, HVAC) may be older or original, potentially requiring future maintenance or upgrades not explicitly detailed as fully replaced.
Average School Ratings: The local public school ratings (ranging from 4-6) are average, which could be a drawback for families prioritizing top-tier educational institutions.
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