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Sold for $8,150,000
  • Listed by: Pacific Sotheby's Int'l Realty • Sean Stanfield • Contact: 714-421-3377
    Bought with: The Agency
    $8,150,000

    550 Palisades Dr, Palm Springs, CA 92262

    3beds
    2,932sqft
    Single Family Residence
    Built in 1959
    1.35 Acres Lot
    $5,791,900 Zestimate®
    $2,780/sqft
    $7,644 Estimated rent

    Home value

    $5,791,900

    $4.58M - $7.18M

    $7,644/mo

    Zestimate® history
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    What's special

    Panoramic vistasDistinct facadeEntertaining areasLuminous pool
    A vision of creativity of a bygone era, the true architectural embodiment of Desert Modern. One of a small collection of properties considered Organic Modern, to grace the captivating landscape of the Coachella Valley, the home and its grounds were designed by foresighted Hugh Kaptur, 1958. Heralded as one of the most prolific architects of his time, Kaptur considered the entire parcel when creating an unmatched environment to enjoy the spectacular setting. Illuminated meandering paths formed from the native mineral terrain& cascading rock waterfalls envelop the home, its myriad terraces& verdant gardens. The distinct facade, surrounding walls of glass& graphic roof-line canopy brilliantly mirror clad, reflecting the everchanging tableau of light, horizon& scenic wonder afforded by the property's ideal elevation& location. Panoramic vistas from nearly every vantage are complemented by delightful details; thoughtfully curated viewing and entertaining areas; a luminous pool; and a graphic assemblage of mature palms. Further enhancing the interior connection to the environmental context are substantial exposed rock formations& access to a continuous water feature& Koi fish habitat. Albert Frey, a groundbreaking contributor to modern architecture expanded the property, including guest house of equal visual interest& design integrity. 1 of only 3 famed properties on this private ridge, protected by a gated road& set above downtown Palm Springs, an opportunity beyond compare.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sean Stanfield DRE #01024996 714-421-3377,

    Pacific Sotheby's Int'l Realty,

    Co-Listing Agent: Craig Chorpenning DRE #01887862 760-777-2389,

    Desert Sotheby's International Realty

    Bought with:

    Jeff Kohl, DRE #01095791

    The Agency

    Source: CRMLS,MLS#: 219105492DAMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Family Room, Guest Quarters, Living Room, Primary Bedroom, Wine Cellar
    Primary bedroom
    • Features: Multiple Primary Suites
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Has cooling: Yes
    Appliances
    • Included: Dishwasher, Refrigerator, Water Heater
    Features
    • Bar, Multiple Primary Suites, Wine Cellar
    • Flooring: Tile
    • Doors: Sliding Doors
    • Has fireplace: Yes
    • Fireplace features: Gas, See Remarks
    Interior area
    • Total interior livable area: 2,932 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Covered, Driveway, Garage, Garage Door Opener
    • Garage spaces: 1
    • Carport spaces: 3
    • Covered spaces: 4
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered
    • Exterior features: Barbecue, Koi Pond
    • Has private pool: Yes
    • Pool features: In Ground, Private
    • Spa features: In Ground, Private
    • Has view: Yes
    • View description: City Lights, Mountain(s), Panoramic, Pool
    Lot
    • Size: 1.35 Acres
    • Features: Irregular Lot, Sprinkler System
    Details
    • Additional structures: Guest House
    • Parcel number: 513110043
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Stucco
    • Roof: Foam
    Condition
    • New construction: No
    • Year built: 1959

    Community & HOA

    Community
    • Features: Gated
    • Security: Closed Circuit Camera(s), Security Gate, Gated Community
    • Subdivision: Tennis Club
    Location
    • Region: Palm Springs

    Financial & listing details

    • Price per square foot: $2,780/sqft
    • Tax assessed value: $8,375,219
    • Date on market: 1/17/2024
    • Listing terms: Cash,Cash to New Loan
    • Exclusions: Furnishings

    Price history

    DateEventPrice
    3/28/2024Sold$8,150,000-6.9%$2,780/sqft
    Source: CRMLS #219105492DA Report a problem
    3/8/2024Pending sale$8,750,000$2,984/sqft
    Source: CRMLS #219105492DA Report a problem
    2/15/2024Contingent$8,750,000$2,984/sqft
    Source: Greater Palm Springs Realtors #219105492 Report a problem
    1/18/2024Listed for sale$8,750,000+702.8%$2,984/sqft
    Source: Greater Palm Springs Realtors #219105492 Report a problem
    3/31/1999Sold$1,090,000+5350%$372/sqft
    Source: Public Record Report a problem
    9/28/1993Sold$20,000$7/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $8,375,219 +2%
    2025$95,451 +53.3%$8,211,000 +61%
    2024$62,284 +215%$5,100,000 +230.6%
    2023$19,772 -0.1%$1,542,502 +2%
    2022$19,797 +2.1%$1,512,258 +2%
    2021$19,390 +4.8%$1,482,607 +1%
    2020$18,505 +1.8%$1,467,406 +2%
    2019$18,181 +1.9%$1,438,634 +2%
    2018$17,837 +1.5%$1,410,427 +2%
    2017$17,573 $1,382,773 +2%
    2016$17,573 +7.1%$1,355,661 +1.5%
    2015$16,401 +44.6%$1,335,299 +46.9%
    2014$11,345 $909,000
    2013-- $909,000 -28%
    2012-- $1,262,971 +2%
    2011-- $1,238,208 +0.8%
    2010-- $1,228,956 -0.2%
    2009-- $1,231,878 +2%
    2008-- $1,207,725 +2%
    2007-- $1,184,045 +2%
    2006-- $1,160,830 +2%
    2005-- $1,138,070 +4.4%
    2003-- $1,090,007 +2%
    2002-- $1,068,635 +2%
    2001$11,872 +2.5%$1,047,682 +2%
    2000$11,580 $1,027,140
    Find assessor info on the county website

    Neighborhood: Historic Tennis Club

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $5,791,900
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $5,791,900