81345 Avenue 54, La Quinta, California 92253, La Quinta, 92253 - 13 bed, 12 bath

81345 Avenue 54, La Quinta, California 92253 home-pic-0
ACTIVE$29,950,000
81345 Avenue 54, La Quinta, California 92253
13Beds
12Baths
10,685Sqft
1,742,400Lot
Year Built
1986
Close
-
List price
$29.95M
Original List price
$29.95M
Price/Sqft
$2,803
HOA
-
Days on market
-
Sold On
-
MLS number
25495789
Home ConditionExcellent
Features
Excellent View: Lake, Mountain(s), Panoramic
Pool
Spa
Patio
ViewLake, Mountain(s), Panoramic

About this home

We found 3 Cons,5 Pros. Rank: price - $29.95M(100th), sqft - 10685(100th), beds - 13(100th), baths - 12(100th).

The "Gem of the Desert", set on 40 acres in the heart of La Quinta, surrounded by picturesque mountains and endless views lies the legendary, Merv Griffin Estate. Trailblazing interior designer Waldo Fernandez masterfully showcases a seamless blend of Moroccan elegance with modern California influences. With a vision imagined by the legendary television entrepreneur Merv Griffin, this is a rare opportunity to own an iconic estate, with multiple residential structures totaling 13 beds and 12 baths. This expansive property is a true compound, featuring 7 distinct structures, the crown jewel of which is the magnificent 5,409-SF main residence. A majestic mountain backdrop frames the estate, providing panoramic vistas of the surrounding landscape, including the tranquil 2.5 acre lake and sprawling orchard. The property is home to world-class equestrian facilities including a 16-stall barn and thoroughbred horse racing track. Experience self-sufficiency with a highly productive potable well (water rights owned) that services all water needs across the property. Located across the street from the prestigious Madison Club and Empire Polo Fields, with close proximity to world class dining and shopping, just two hours from Los Angeles in one of the deserts most prestigious settings.

Condition Rating
Excellent

Despite being built in 1986, the property has undergone an extensive, high-end renovation by a 'trailblazing interior designer' as stated in the description. The images confirm this, showcasing pristine conditions throughout, including a unique, custom-designed bathroom with mosaic vanities and high-quality fixtures, and a bedroom with custom vaulted ceilings and designer lighting. All visible components appear new or virtually new, reflecting current luxury standards with no signs of deferred maintenance or outdated features. The overall aesthetic and condition align with a recently renovated, top-tier estate.
Pros & Cons

Pros

Historical & Iconic Status: The 'legendary Merv Griffin Estate' offers unparalleled prestige and a unique ownership opportunity, appealing to discerning buyers seeking a property with significant cultural and historical cachet.
Expansive & Private Compound: Spanning 40 acres with 7 distinct structures, a 2.5-acre lake, and an orchard, the property provides exceptional privacy, space, and versatility for a grand lifestyle or multi-generational living.
World-Class Equestrian Amenities: Featuring a 16-stall barn and a thoroughbred horse racing track, this estate is a rare find for equestrian enthusiasts, offering top-tier facilities for training and recreation.
Water Self-Sufficiency & Rights: Ownership of a highly productive potable well ensures independent water supply for the entire property, a critical and valuable asset in a desert environment like La Quinta.
Premier La Quinta Location & Views: Situated in the heart of La Quinta, directly across from the prestigious Madison Club and Empire Polo Fields, the estate boasts panoramic mountain, lake, and landscape views, combined with convenient access to luxury amenities.

Cons

Ultra-Luxury Niche Market: The $29.95 million price point targets an extremely limited pool of ultra-high-net-worth buyers, which could result in extended market time and require a very specific buyer profile.
Potential for Dated Systems/Maintenance: Built in 1986, while masterfully designed, the property may have original systems (HVAC, plumbing, electrical) that could require significant updates or ongoing maintenance typical of an older, large estate.
High Operational & Maintenance Costs: The sheer scale of the 40-acre compound, with multiple structures, extensive landscaping, a lake, and equestrian facilities, implies substantial ongoing operational, staffing, and maintenance expenses for a prospective owner.

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