The Palm Springs Real Estate market is singing the praises to the office of Scott Lyle Realtors (where I work) for the successful sale of the home, fondly known as the Elizabeth Taylor Estate. The home, located in the tony neighborhood of Old Las Palmas, was purchased by an out-of-area couple for $5.2 million dollars. They discovered the home as they were riding their bicycles through the neighborhood and called my broker from the "For Sale" sign in front of the home. Scott Lyle Realtors represented both the buyer and seller in this transaction.
This is the highest price for a home sold in the city of Palm Springs this year. The only time I can remember a home selling for over $5 million dollars in the city of Palm Springs was the architecturally significant Elrod House, designed by John Lautner. This home was sold in November 2003.
As the office rejoices in the celebration of this monumental sale, I still remember the day we took the listing. Picture it, December 2007. I just finished writing a blog post, What $9.2 Million Will Buy You in Palm Springs, about our new office listing, the Elizabeth Taylor Estate.
Originally built in the 1930's and now completely renovated, this Spanish Estate features 7 bedrooms, nine and a half baths, impeccable finishes, and over 10,000 square feet of living space.
This magnificent home sits on over one and half acres of lushly landscaped grounds featuring mature palm trees, lavish fountains, a spectacular open-air entertainment pavillion, a breathtaking reflecting pool, and one the very finest pools in Southern California.
The Master Suite has approximately 2000 feet of luxurious space, the 4 room suite features an original 2-sided fireplace with a Carrera marble hearth, and vaulted ceilings of up to 14'6".
The Grand Master Bathroom is a sight to behold. A solid honed Carerra marble tub sits majestically under a multi-tiered candelabra chandelier with tear drop crystals.
Exquisite features include an oversized shower with body sprays, rain shower and steam. A crystalline framed fireplace sets the stage for complete and total opulence.
The oversized French doors lead to a private patio with a beautiful 9'7" x 5' 7" in-laid tiled spa.
Now after 2 1/2 years, 3 price changes, an economic downturn, and lots of advertising, I am glad the property was purchased by a very deserving couple. The Elizabeth Taylor Estate is by far one of the most beautiful homes I have ever seen.
Before I finish, a big congratulations needs to go to my broker, Scott Lyle. Way to go, Boss!!!
With the recent sale of a $10.1 million dollar home at Bighorn and now the sale of the Elizabeth Taylor Estate, this is going to give the luxury real market of Palm Springs the momentum it has needed for a long time. All my best to the new owners!!
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