Located in the prestigious Movie Colony and inspired by Frank Lloyd Wright's protégé, Hiram Hudson Benedict, this elegant estate combines Spanish flair with modern luxury. Spanning 2,278 sq ft, it boasts four bedrooms, three-and-a-half baths, and proximity to Palm Springs' top dining and shopping spots. Esteemed guests like Bob and Dolores Hope have graced this home, adorned with Arto tile flooring, Talavera tiles, and a spacious great room with a wood-burning fireplace and French doors leading to the patio. Outside, a new pool and spa offer stunning mountain views. Other features include a detached two-car garage, ample storage, a basement, rooftop deck, and discreet underground utilities. The 1935 property is recognized for its pre-WWII significance, holding a "5S3" historic status for its Spanish Colonial Revival architecture, potentially qualifying for a Mills Act residence. Set on privately owned land near Ruth Hardy Park, upscale eateries, and boutiques, its ideal location on a serene street and potential for a Short-Term Rental license make it a valuable investment in Palm Springs' sought-after Movie Colony district.
Sold for $2,450,000
Listed by: Coldwell Banker Realty • Maleny Rodriguez • Contact: 949-644-1600
Bought with: Coldwell Banker Realty
$2,450,000
388 E Valmonte Norte, Palm Springs, CA 92262
4beds
2,278sqft
Single Family Residence
Built in 1935
0.28 Acres Lot
$2,435,500 Zestimate®
$1,076/sqft
$6,992 Estimated rent
Home value
$2,435,500
$2.19M - $2.70M
$6,992/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Maleny Rodriguez DRE #01972597 949-644-1600,
Coldwell Banker Realty,
Tim Smith DRE #01346878 949-478-2295,
Coldwell Banker Realty
Bought with:
Chad Harper, DRE #02051062
Coldwell Banker Realty
Tim Smith, DRE #01346878
Coldwell Banker Realty
Source: CRMLS,MLS#: NP23186194
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 4
- Main level bedrooms: 4
Rooms
- Room types: Bedroom, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Dining Room
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Dual Sinks, Separate Shower, Tub Shower, Walk-In Shower
Kitchen
- Features: Quartz Counters
Heating
- Central, Fireplace(s)
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Freezer, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Range Hood
- Laundry: Inside, Laundry Room
Features
- Beamed Ceilings, Separate/Formal Dining Room, Quartz Counters, Recessed Lighting, Bedroom on Main Level, Main Level Primary
- Flooring: Carpet, Tile, Wood
- Doors: French Doors
- Windows: Custom Covering(s)
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,278 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Has private pool: Yes
- Pool features: In Ground, Private
- Has spa: Yes
- Spa features: In Ground, Private
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.28 Acres
- Features: Back Yard
Details
- Parcel number: 507184010
- Zoning: R1C
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1935
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
- Subdivision: Movie Colony (33235)
Location
- Region: Palm Springs
Financial & listing details
- Price per square foot: $1,076/sqft
- Tax assessed value: $2,498,999
- Annual tax amount: $29,261
- Date on market: 10/13/2023
- Cumulative days on market: 174 days
- Listing terms: Cash to New Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/13/2023 | Sold | $2,450,000+44.1%$1,076/sqft |
Source:  CRMLS #NP23186194 Report a problem | ||
| 12/9/2021 | Sold | $1,700,000$746/sqft |
Source:  CDAR/ Desert Area MLS #219069268 Report a problem | ||
| 11/22/2021 | Pending sale | $1,700,000$746/sqft |
Source:  Greater Palm Springs Realtors #219069268 Report a problem | ||
| 10/29/2021 | Contingent | $1,700,000$746/sqft |
Source: Greater Palm Springs Realtors #219069268 Report a problem | ||
| 10/21/2021 | Listed for sale | $1,700,000$746/sqft |
Source: Greater Palm Springs Realtors #219069268 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $29,261 -2.7% | $2,498,999 +2% |
| 2024 | $30,060 +35.4% | $2,450,000 +41.3% |
| 2023 | $22,193 -0.1% | $1,734,000 +2% |
| 2022 | $22,221 +496.8% | $1,700,000 +518.4% |
| 2021 | $3,723 +4.5% | $274,914 +1% |
| 2020 | $3,562 +1.7% | $272,096 +2% |
| 2019 | $3,501 +1.9% | $266,762 +2% |
| 2018 | $3,437 +1.5% | $261,532 +2% |
| 2017 | $3,385 | $256,405 +2% |
| 2016 | $3,385 +7.5% | $251,379 +1.5% |
| 2015 | $3,148 +1.6% | $247,605 +2% |
| 2014 | $3,099 | $242,757 +0.5% |
| 2013 | -- | $241,662 +2% |
| 2012 | -- | $236,925 +2% |
| 2011 | -- | $232,281 +0.8% |
| 2010 | -- | $230,547 -0.2% |
| 2009 | -- | $231,096 +2% |
| 2008 | -- | $226,566 +2% |
| 2007 | -- | $222,124 +2% |
| 2006 | -- | $217,769 +2% |
| 2005 | -- | $213,500 +3.9% |
| 2003 | -- | $205,480 +2% |
| 2002 | -- | $201,452 +2% |
| 2001 | $2,294 +2.4% | $197,503 +2% |
| 2000 | $2,239 | $193,632 |
Find assessor info on the county website
Neighborhood: The Movie Colony
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Nearby schools
GreatSchools rating
- 4/10Katherine Finchy Elementary SchoolGrades: K-5Distance: 0.4 mi
- 5/10Raymond Cree Middle SchoolGrades: 6-8Distance: 0.9 mi
- 5/10Palm Springs High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$2,435,500
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Estimated market value
$2,435,500
- California
- Riverside County
- Palm Springs
- 92262
- The Movie Colony
- 388 E Valmonte Norte
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