2 months on rocket

1240 S Manzanita Ave, Palm Springs, CA, 92264

$1,695,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Full Baths, 1 Partial
3,250 SqFt
$522/SqFt
House
Schools Nearby

Location

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1240 S Manzanita Ave, Palm Springs$1,695,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDoor-Multi, Garage
Attached Garage2 spaces
Year Built1965
HeatingCentral
CoolingCentral Air
FireplaceLiving Room
ViewMountain(s)
Private PoolYes
MLS #24353167
Lot Size0.25 Acres
StatusActive

About 1240 S Manzanita Ave

Calling all Palm Springs enthusiasts and design aficionados! Here's your chance to own a piece of history with "Stephan's Folly," a stunning 1965 estate designed by renowned architect Robert Lewis and nestled in the prestigious Deepwell Estates neighborhood. This expansive 3,250 sq ft residence offers everything you need for luxurious desert living. Unwind in the sunken living room, complete with a swanky curved wet bar and plush red velvet seating perfect for hosting unforgettable soires. Three bedrooms, a den (convertible to a fourth bedroom), and five bathrooms provide ample space for family and guests. Step outside to your private oasis, featuring a sparkling kidney-shaped pool ideal for basking under the desert sun while entertaining in style thanks to the dedicated pool cabana room. Stephan's Folly" holds a special place in Palm Springs lore. From 1969 to 2014, it was the beloved residence of Jack Stephan, a local legend known as "Plumber to the Stars." Stephan's flamboyant personality and passion for red are woven into the very fabric of the home. He spared no expense in decorating his abode with the epitome of chic luxury, featuring bold colors, plush textures, and glamorous details throughout. Beyond his plumbing prowess, Stephan was a social butterfly renowned for hosting extravagant parties and card nights at his dazzling estate. This home truly embodies the spirit of Palm Springs' golden age, where entertainment and style reigned supreme. Now, you can step into this iconic residence and create your own memories within its walls. "Stephan's Folly" is offered fully furnished, allowing you to experience the bygone era of desert glamour firsthand. Contact the agent today for a private showing and unlock the door to your own Palm Springs dream.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1965
  • Stories: 1
  • Living Area: 3,250 SqFt

Listing Office:

  • Office Name: BD Homes-The Paul Kaplan Group
  • Office Phone: (760) 459-0057
  • Listing Agent: Alex Dethier

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator, Dryer, Washer
  • Flooring Type: Carpet
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Mountain(s)

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Door-Multi, Garage

Lot Features

Lot Information:

  • Lot Size: 0.25 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Palm Springs High School, Public District Grades 9-12
  • Raymond Cree Middle School, Public District Grades 6-8
  • Cahuilla Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Property is located on Manzanita, cross street is Ocotillo

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,695,000
  • Price Per SqFt: $522/SqFt

Tax Information:

  • Annual Amount: $12,627
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Palm Springs, CA.

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Palm Springs, CA

City

Med. Sold Price

$635.1K

Med. Price/SqFt

$420

Avg. Days On Market

56

# of Sold Homes

138

1240 S Manzanita Ave vs Palm Springs

88 DAYS ON ROCKET

+32 Days

$1,695,000

+$1.0M More

$522/SqFt

+$101 More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $101/SqFt more than other homes in Palm Springs, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24353167

Listing Office:

  • Office Name: BD Homes-The Paul Kaplan Group
  • Office Phone: (760) 459-0057
  • Listing Agent: Alex Dethier

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 5:20:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 27, 2019Home Sold
$975,000
Jun 13, 2016Home Sold
$799,000
Mar 27, 2015Home Sold
$689,000

Tax History

YEARPROP. TAXASSESSMENT
2021$12,627$1,004,802
2020$12,627$994,500
2018$10,621$831,278
2017$8,586$814,980

History based on county public records data.

Payment Calculator

$8,527

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,148

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2446507
4
/10

  • Cahuilla Elementary School

  • 833 E Mesquite Ave

  • 0.29 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2446508
4
/10

  • Raymond Cree Middle School

  • 1011 E Vista Chino

  • 2.62 miles

  • Public District Grades 6-8

High School

school-card-donut-2446509
6
/10

  • Palm Springs High School

  • 2401 E Baristo Rd

  • 1.19 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,161. The most common annual income of people living in Palm Springs, CA is between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1240 S Manzanita Ave

What is the listing price of this property?

The listing price of 1240 S Manzanita Ave property is $1,695,000.

What type of property is this?

The property 1240 S Manzanita Ave is a house located in Palm Springs, California, 92264.

Is this property for sale now?

Active Listing: 1240 S Manzanita Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1240 S Manzanita Ave are:
Cahuilla Elementary School: GreatSchools Rating 4/10
Raymond Cree Middle School: GreatSchools Rating 4/10
Palm Springs High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $12,627 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 27, 2019 for $975,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1240 S Manzanita Ave has 4 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 1240 S Manzanita Ave is 3,250 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1240 S Manzanita Ave is 1965.

Rocket Homes›California›Riverside County›Palm Springs›92264›1240 S Manzanita Ave

This home is located at 1240 S Manzanita Ave in Palm Springs, CA and zip code 92264 in the Deepwell Estates neighborhood. This 3,250 square foot home, which was built in 1965, sits on a 0.25 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since January 31, 2024 and is currently priced at $1,695,000.

Over 13 listings were sold over their listed price in March 2024 in Palm Springs, CA. In the same period over 93 listings were sold below the listed price and 32 listings were sold for the listed price. The inventory of homes for sale in Palm Springs, CA between February 2024 and March 2024 increased by 7.7%. While the average time on the market in March 2024 was 56 days, the median list price was $635,164.

From Rocket Homes Real Estate and based on county public records data.

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