735 N Prescott Drive, Palm Springs, CA 92262

$5,300,000
Property Type: Residential Bedrooms: 5 Baths: 9 Square Footage: 6,577 Lot Size (sq. ft.): 40,946 Status: Closed
Current Price: $5,300,000 List Date: 1/05/2024 Last Modified: 5/14/2026

Overview

Description

MAJOR PRICE ADJUSTMENT! Experience the epitome of luxury living in this unique and meticulously restored 2-story Spanish Colonial nestled on approximately 1 acre of prime land within the highly sought-after Old Las Palmas neighborhood of Palm Springs. Originally stripped down to its core in 2001, this property has since been thoughtfully expanded by acquiring an adjacent half lot, creating a private family haven that radiates timeless elegance. No expense has been spared in the restoration of this architectural gem, evident from the moment you step inside. Every detail exudes opulence, a testament that must be witnessed firsthand to truly appreciate. With its distinctive Spanish Revival design, this home channels the spirit of a WALLACE NEFF masterpiece. This spacious 5-bedroom, 9-bathroom dwelling offers an expansive 6,577 square feet of living space, featuring not one but two master suites, three guest suites, a dedicated theater room, an inviting upstairs sitting area, and a well-ap ...

Listing Details MLS# 219104830

General Property Information

Baths 3/4
7
Baths 1/2
Yes
Living Area
6577
BuildingAreaSource
Other
Fireplace
Yes
Total Fireplaces
3
Pool
Yes
Garage
Yes
Garage Description
Detached
Sprinklers
Yes
Building # of Stories
2
Lot Size Acres
0.94
Lot Size Area
40946
Lot Size Source
Assessor
Year Built
1936
Furnished
Furnished
CrossStreet
W Merito Pl

Property Features

Sale Type: Standard Listing Terms: Cash; Cash to New Loan Possession: Negotiable Lot Description: Automatic Gate; Back Yard; Flag Lot; Front Yard; Landscaped; Lawn; Level; Private; Utilities Underground; Yard Lot Location: Corner Lot View Type: Mountain(s); Panoramic; Pool Property Orientation Faces: Front Door Faces East; Leisure Faces South Other Structures: Accessory Bldgs Other Structural Features: Balcony; Custom Built Other Equipment: Intercom Property Condition: Additions/Alterations; Updated/Remodeled Irrigation: Sprinkler System; Sprinkler Timer Fencing: Block; Privacy Disclosures: None Building Style: Mediterranean; Spanish; Spanish Colonial Levels: Two Entry Location: Foyer; Main Level Appliances: Bar Ice Maker; Dishwasher; Disposal; Dryer; Freezer; Gas Oven; Gas Range; Ice Maker; Ice Maker - Standalone; Microwave Oven; Refrigerator; Washer; Water Filter Kitchen Features: Gourmet Kitchen; Island; Pantry; Stone Counters; Tile Counters Eating Areas: Breakfast Counter/Bar; Breakfast Nook; Formal Dining Room; Kitchen Island Bedroom Features: Dressing Area; Main Floor Primary Bedroom; Primary Retreat; Primary Suite; Walk In Closet Bathroom Features: Double Vanity(s); Linen Closet; Powder Room; Remodeled; Tile Shower Doors: Double Door Entry; French Doors Exterior Construction: Stucco Foundation: Slab Flooring: Hardwood; Spanish Tile Cooling Type: Air Conditioning; Ceiling Fan(s); Central Air; Zoned Pool Location: Private Pool Construction: In Ground; Tile Pool Description: Heated; Private; Salt Water; Tile Heating: Central; Fireplace(s); Forced Air Fireplace Location: Dining Room; Living Room; Primary Bedroom Fireplace Features: Decorative; Gas; Gas Starter; Raised Hearth Rooms: Attic; Butler's Pantry; Dining Room; Formal Entry; Gym; Home Theatre; Utility Interior Features: Bar; Basement; Beamed Ceilings; Built-In Features; Hi-Speed Data Wiring; Home Automation System; Phone System; Recessed Lighting; Storage; Surround Sound Wired; Wet Bar Laundry: In Garage; Individual Room Security Safety: Automatic Gate; Security System Owned Window Treatments: Drapes; Screens Roofing: Tile Patio Features: Awning(s); Balcony; Brick - Tile; Covered Water: Water District Parking: Covered; Driveway; Guest; Oversized Contingent Upon: Inspection Land Lease Type: Fee Simple

Listing Location and Property Info

Parcel Number
505282011
Listing Contract Date
2023-10-03
Original List Price
6599999
Property Sub Type
Single Family Residence
Street #
735
Street Direction Prefix
N
Street Name
Prescott
Street Suffix
Drive
County
Riverside
State
CA
Postal Code
92262
MLS Area
332 - Palm Springs Central
Neighborhood
Old Las Palmas
Country
US

Listing Info

Exclusions
Some artwork (Oil painting over fireplace) and personal items.
Short Term Rentals
Yes
Will Consider Lease
No
SchoolDistrict
Palm Springs Unified
Elementary School
Katherine Finchy
Middle Or Junior School
Raymond Cree
High School
Palm Springs
Other Schools
Palm Valley School
Rental Restrictions
No

Tax Info

Tax Mello Roos
No

Property Info

Golf Course Within Development
No
Additional Parcel
No
Senior Community
No
Gated Community
No
PUD Y/N
No

More Information

Status Change Info

StatusChangeDate
2024-06-27
Purchase Contract Date
2024-06-18
Close Date
2024-06-27
Close Price
5300000

Water

Water District Name
Desert Water Agency

Parking SpacesInformation

Total Garage Spaces
6
Parking Total
12

DPR

DPR Eligible
No

Road Surface Type

Paved
Yes

Bedroom Features

2 Primary Bedrooms
Yes

Bathroom Features

2 Primary Baths
Yes

Interior Features

High Ceilings (9 Ft+)
Yes

Sewer

In, Connected and Paid
Yes

HOA Information

HOA
No
Listing Office: Berkshire Hathaway HomeServices California Properties
Listing Agent: Louise Hampton
Last Updated: May - 14 - 2026
Information deemed reliable but not guaranteed.