
Palm Springs, California 92262
Analysis of 555 N Patencio Road, Palm Springs, California 92262 is currently available with a list price of $19,500,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Property is moderate renovation needed.
Built in 1983, this iconic estate is over 40 years old. While the listing highlights the 'timeless' Steve Chase interiors and meticulous maintenance, the property lacks a recent major renovation (within 15 years) to its primary systems and finishes. Based on the age-specific criteria, it is classified as dated, though it remains a high-end, functional luxury compound.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 64703, living area = 15975.
Designed by renowned architect Laszlo Sandor with Steve Chase interiors, this iconic Brutalist estate carries significant historical prestige and was featured in Architectural Digest.
Situated on a rare private promontory in Old Las Palmas, the property offers unmatched 360-degree panoramic views of the Coachella Valley and the San Jacinto Mountains.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =64703, other record lot size in square feet = 31798. Living area discrepancy between mls listing and other public or private record. mls listing living area = 15975, other record living area = 7311. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 12, other record bedroom count = 6.
The sheer scale of the compound, including 16 bathrooms and multiple pools across three buildings, necessitates substantial ongoing maintenance, staffing, and utility expenses.
While architecturally significant, the 1983 construction and specific interior finishes may require significant capital investment to update systems and aesthetics for contemporary luxury standards.
The Harold Matzner Estate occupies a private promontory above Old Las Palmas where the San Jacinto range rises directly behind the compound and the full sweep of the Coachella Valley opens below a position no other residential address in the desert shares, on nearly an acre and a half of assembled ground comprising three structures, nearly 16,000 square feet, eleven bedrooms, sixteen bathrooms, and multiple pools and spas across two fully realized estates and a guesthouse.The main residence at 555 North Patencio Road was originally designed in 1982 by renowned brutalist architect Laszlo Sandor, (A.I.A.). The interiors by Steve Chase result in a timeless combination of architecture and design regularly celebrated whose work defined the aesthetic and vernacular of desert luxury for a generation. The homes have a fortress-like experience with a focus on function, honesty in materials and sculptural quality. Its architecture is uncluttered and horizontal, built around a single organizing principle: Light. Hallmark Chase details like raked plaster walls and natural stone flooring move through the interior, their texture alive at every hour as the desert sun crosses the compound catching at dawn along the entrance hall, settling into warmth across the great room by afternoon, receding at dusk to something quieter and more considered. Architectural Digest devoted a full feature to the property in May 1983, the first owner having commissioned a second layer of interiors by Jack E. Lowrance for the occasion testament to a house already considered among the most significant residential works in the desert. For all its scale, the residence lives with a remarkable intimacy soaring volumes that draw inward rather than expand outward, each room organizing itself around a human moment rather than an architectural statement. The great room opens entirely to the terrace through a retractable wall of glass, dissolving the boundary between interior and desert. A sunken conversation space anchors the living room gathered below the principal floor, oriented toward the wide opening to the mountain beyond a room that manages to feel both intimate and boundless. Stone floors carry throughout, a Steinway anchoring the living room alongside Asian art and antiquities accumulated over four decades with a collector's deliberateness giving the residence the quality of a place continuously deepened rather than ever simply finished.The second residence at 575 North Patencio is a fully resolved estate in its own right, its architectural language distinct but its conviction equal. The entrance hall rises to a sweeping curved staircase, a grand piano centered on a raised circular platform below a rain chandelier. The great room reaches double height, the valley visible through glass on three sides. The master bath curved black stone, a suspended rain shower open to a skylight above, a slit window framing the palm canopy and valley beyond carries the same architectural seriousness as everything around it. One room is carved into the boulder face of the mountain itself, a stone fireplace set into the rock, the terrace visible through a full width of glass beyond.The guesthouse, finished to the standard of both residences, offers a world entirely its own private, self-contained, and quietly removed from the life of the compound. It was here that the film festival's most celebrated guests found their desert. Sale includes the following APNs 505-312-011 and 505-312-014 (555 N Patencio Rd and 575 N Patencio Rd)
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 1.4 mi
Grades K-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 12.0 | 3.0 |
| Baths | 16.0 | 3.0 |
| Square foot | 15,975 | 2,076 |
| Lot Size | 64,703 | 10,454 |
| Price | $19.50M | $1.04M |
| Price per sq ft | $1.2K | $525 |
| Built year | 1983 | 1977 |
| HOA | $0 | $332 |
| Days on market | 44 | 75 |
Jun 8, 2026
$19,500,000
Initial Listing