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Off market
  • $8,488,000

    480 W Via Lola, Palm Springs, CA 92262

    6beds
    7,783sqft
    SingleFamily
    Built in 1948
    1.17 Acres Lot
    $8,488,000 Zestimate®
    $1,091/sqft
    $7,822 Estimated rent

    Home value

    $8,488,000

    $7.13M - $10.19M

    $7,822/mo

    Zestimate® history
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    $54,475/mo

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    What's special

    Running Water. A Rare Find. A True Sanctuary. A perfect blend of privacy, serenity and contemporary design, Running Water is a meticulously remodeled two-home estate formerly owned by the famed author, Sidney Sheldon. Located in the charming Old Las Palmas neighborhood of Palm Springs, the 1.17 acre property now features a formal gatehouse, custom designed gates, fabulous desert gardens and flowering trees, two swimming pools (social and 75-foot lap), state-of-the-art amenities and spectacular views of the San Jacinto Mountains. Originally built in 1948, the 7,783 square-foot residences have been remodeled in a contemporary Mediterranean style by the current owners. Covered patios facilitate an indoor/outdoor lifestyle. The 5,797 square-foot main house was completely reconfigured to connect the social areas while maintaining the seclusion of the private quarters. The resulting split layout is private yet inviting, with well-proportioned rooms, ceilings of up to 11 feet, and four fireplaces. This home offers: spacious and warm living quarters with sitting room, music room, and formal dining room. Designer chef's kitchen featuring Bulthaup cabinetry and Gaggenau appliances. Screening room perfect for watch parties or a quiet movie night at home. Office with built-in bookshelves and desk. Four bedrooms with ensuite bathrooms featuring contemporary Boffi cabinetry and designer fixtures. Two additional powder rooms, thoughtfully distributed through the home. Large windows that capture breathtaking mountain views and abundant natural light and a Three-car garage. The guest house thoughtfully connected to the main home by stunning gardens is a one-bedroom 1,986 square-foot home with a separate address. This home was re-conceived by the current owners to provide for guest accommodations. Maximizing mountain views, this home features dining and living rooms, and a primary bedroom with walk-in closet and ensuite bathroom. Gaggenau appliances, Bulthaup and Boffi cabinetry and clean lines provide a feel similar to the main home. The guesthouse additionally includes an apartment/studio with separate entrance. This space has a private bath and is ideal for a yoga room, studio space, gym, art studio, or separate living quarters. The guesthouse also includes a one-car garage. NOTE: The estate is comprised of multiple adjacent lots and contains a main house located at 480 W. Via Lola, a guest house at 505 Camino Sur and gardens on an adjacent unbuilt lot (481 Camino Sur).

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 8
    • 3/4 bathrooms: 6
    • 1/2 bathrooms: 2
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Garbage disposal, Range / Oven, Refrigerator
    • Laundry: Room, Other
    Features
    • Flooring: Tile, Hardwood
    • Has fireplace: Yes
    • Common walls with other units/homes: Detached/No Common Walls
    Interior area
    • Total interior livable area: 7,783 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Garage
    Features
    • Levels: One
    • Exterior features: Stucco
    • Has spa: Yes
    • Has view: Yes
    • View description: Mountain
    Lot
    • Size: 1.17 Acres
    Details
    • Additional structures: GuestHouse
    • Parcel number: 505251001

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary
    Materials
    • wood frame
    • Roof: Tile
    Condition
    • Updated/Remodeled
    • Year built: 1948

    Utilities & green energy

    • Sewer: In Connected and Paid

    Community & HOA

    Community
    • Security: Owned, Gated, Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector
    Location
    • Region: Palm Springs

    Financial & listing details

    • Price per square foot: $1,091/sqft
    • Tax assessed value: $4,424,820
    • Annual tax amount: $51,605

    Price history

    DateEventPrice
    2/23/2023Listing removed$8,300,000$1,066/sqft
    Source: CLAW #21-104889 Report a problem
    1/24/2022Pending sale$8,300,000$1,066/sqft
    Source: CLAW #21-104889 Report a problem
    12/24/2021Contingent$8,300,000$1,066/sqft
    Source: CLAW #21104889 Report a problem
    12/24/2021Pending sale$8,300,000$1,066/sqft
    Source: CLAW #21104889 Report a problem
    12/23/2021Contingent$8,300,000$1,066/sqft
    Source: CLAW #21-104889 Report a problem
    11/29/2021Listed for sale$8,300,000+342.7%$1,066/sqft
    Source: CLAW #21104889 Report a problem
    3/17/2014Sold$1,875,000$241/sqft
    Source: SBMLS #14-557 Report a problem
    2/26/2014Pending sale$1,875,000$241/sqft
    Source: Berkshire Hathaway HomeService #14-557 Report a problem
    2/19/2014Listed for sale$1,875,000-14.8%$241/sqft
    Source: HOM Sotheby's International Realty #14737771PS Report a problem
    12/21/2009Listing removed$2,200,000$283/sqft
    Source: Windermere Real Estate #41321365 Report a problem
    11/25/2009Listed for sale$2,200,000$283/sqft
    Source: Windermere Real Estate #41321365 Report a problem
    10/16/2009Listing removed$2,200,000$283/sqft
    Source: Windermere Real Estate Coachella Valley #41358009 Report a problem
    4/17/2009Listed for sale$2,200,000$283/sqft
    Source: Windermere Real Estate Coachella Valley #41358009 Report a problem
    3/13/2009Listing removed$2,200,000$283/sqft
    Source: Postlets #41321365 Report a problem
    2/10/2009Listed for sale$2,200,000-26.5%$283/sqft
    Source: Postlets #41321365 Report a problem
    11/12/2008Listing removed$2,995,000$385/sqft
    Source: Postlets #41321365 Report a problem
    9/23/2008Listed for sale$2,995,000$385/sqft
    Source: Postlets #41321365 Report a problem
    6/5/2008Listing removed$2,995,000$385/sqft
    Source: Prudential Real Estate #08-916 Report a problem
    5/29/2008Price change$2,995,000-25%$385/sqft
    Source: Prudential Real Estate #08-916 Report a problem
    3/15/2008Listed for sale$3,995,000+3856.7%$513/sqft
    Source: Prudential California #41321365 Report a problem
    9/26/1997Sold$100,968-82.8%$13/sqft
    Source: Public Record Report a problem
    4/14/1995Sold$587,000$75/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$51,605 -2.7%$4,424,820 +2%
    2024$53,018 -1.9%$4,338,060 +2%
    2023$54,044 +226.1%$4,253,000 +236.9%
    2022$16,572 +2.1%$1,262,578 +2%
    2021$16,233 +4.8%$1,237,822 +1%
    2020$15,494 +1.8%$1,225,131 +2%
    2019$15,223 +1.9%$1,201,110 +2%
    2018$14,936 +1.5%$1,177,560 +2%
    2017$14,715 $1,154,472 +2%
    2016$14,715 +7.2%$1,131,837 +1.5%
    2015$13,732 +117.3%$1,114,837 +123.6%
    2014$6,318 $498,609 +0.5%
    2013-- $496,358 +2%
    2012-- $486,626 +2%
    2011-- $477,086 +0.8%
    2010-- $473,522 -0.2%
    2009-- $474,649 +2%
    2008-- $465,343 +2%
    2007-- $456,219 +2%
    2006-- $447,274 +2%
    2005-- $438,505 +3.9%
    2003-- $422,031 +2%
    2002-- $413,757 +2%
    2001$4,729 +2.5%$405,645 +2%
    2000$4,616 $397,692
    Find assessor info on the county website

    Neighborhood: Old Las Palmas

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Palm Springs Unified

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $8,488,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $8,488,000