6 months on rocket

735 N Prescott Dr, Palm Springs, CA, 92262

$5,990,000

5 Bedrooms
7 Full Baths, 1 Partial
6,577 SqFt
$911/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingCovered, Driveway, Guest, Oversized
Garage6 spaces
Year Built1936
HeatingCentral, Forced Air, Fireplace(s)
CoolingCentral Air, Zoned
BasementYes
FireplaceDecorative, Dining Room, Gas, Gas Starter, Living Room, Primary Bedroom, Raised Hearth
ViewMountain(s), Panoramic, Pool
Private PoolYes
MLS #219104830PS
Lot Size0.94 Acres
StatusActive

About 735 N Prescott Dr

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-appointed exercise room. Step outside, and you'll be greeted by a pristine saltwater pool, resplendent in ceramic blue tile, complete with a tanning bed and a built-in spa. The meticulously manicured grounds boast breathtaking views and house a delightful fruit orchard alongside a collection of 56 majestic palm trees. For those with a passion for automobiles, this property is a dream come true. It features 3 attached garages, plus a separate 910sf garage w/12-foot ceilings and its own driveway.

Property Details

Property Features

Property Information:

  • Architectural Style: Mediterranean, Spanish
  • Year Built: 1936
  • Stories: 2
  • Living Area: 6,577 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices California Properties
  • Office Phone: (760) 323-5000
  • Listing Agent: Louise Hampton

Interior Features

Interior Information:

  • Appliances: Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Ice Maker, Microwave, Refrigerator, Range Hood, Water Purifier
  • Basement: Yes
  • Flooring Type: Tile, Wood
  • Interior: Beamed Ceilings, Wet Bar, Built-in Features, High Ceilings, Phone System, Recessed Lighting, Storage, Smart Home, Bar, Wired for Sound, Attic, Dressing Area, Main Level Primary, Multiple Primary Suites, Primary Suite, Utility Room, Walk-In Closet(s)
  • Fireplace: Decorative, Dining Room, Gas, Gas Starter, Living Room, Primary Bedroom, Raised Hearth

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 7
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

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

Parking Information:

  • Garage Space: 6 spaces
  • Attached Garage: No
  • Parking: Covered, Driveway, Guest, Oversized

Lot Features

Lot Information:

  • Lot: Back Yard, Corner Lot, Flag Lot, Front Yard, Lawn, Landscaped, Level, Paved, Sprinklers
  • Lot Size: 0.94 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air, Fireplace(s)
  • Cooling: Central Air, Zoned

School Info

Assigned Schools Information:

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

Other

Directions Information:

  • Directions: From N Palm Canyon, turn West on W Merito Pl. Property on corner of Merito and Prescott. Cross Street: W Merito Pl.

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,990,000
  • Price Per SqFt: $911/SqFt

Tax Information:

  • Annual Amount: $39,679
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$635.1K

Med. Price/SqFt

$420

Avg. Days On Market

56

# of Sold Homes

138

735 N Prescott Dr vs Palm Springs

207 DAYS ON ROCKET

+151 Days

$5,990,000

+$5.3M More

$911/SqFt

+$490 More

KEY TAKEAWAY

This property is $5.3M more than the Median Sold Price and $490/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: #219104830PS

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices California Properties
  • Office Phone: (760) 323-5000
  • Listing Agent: Louise Hampton

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, 8:25:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 11, 2001Home Sold
$2,200,000
Feb 28, 1997Home Sold
$43,000
May 03, 1996Home Sold
$650,000
Mar 19, 1992Home Sold
$487,500
Mar 19, 1992Home Sold
$487,500

Tax History

YEARPROP. TAXASSESSMENT
2021$39,679$3,204,026
2020$39,679$3,109,000
2018$38,238$3,048,035
2017$40,980$2,988,271

History based on county public records data.

Payment Calculator

$29.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$18K

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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-2051809
5
/10
  • Katherine Finchy Elementary School

  • 777 E Tachevah Dr

  • 0.70 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2051810
4
/10
  • Raymond Cree Middle School

  • 1011 E Vista Chino

  • 1.06 miles

  • Public District Grades 6-8

High School

school-card-donut-2051811
6
/10
  • Palm Springs High School

  • 2401 E Baristo Rd

  • 1.91 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,785. Typical income of Palm Springs, CA residents is between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 735 N Prescott Dr

What is the listing price of this property?

The listing price of 735 N Prescott Dr property is $5,990,000.

What type of property is this?

The property 735 N Prescott Dr is a house located in Palm Springs, California, 92262.

Is this property for sale now?

Active Listing: 735 N Prescott Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 735 N Prescott Dr are:
Katherine Finchy Elementary School: GreatSchools Rating 5/10
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 $39,679 (source: MLS/based on county public records data).

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

The last sale was on April 11, 2001 for $2,200,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 735 N Prescott Dr has 5 bedrooms and 7 full and 1 half bathrooms.

What is the square footage of this property?

The property 735 N Prescott Dr is 6,577 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 735 N Prescott Dr is 1936.
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Rocket HomesCaliforniaRiverside CountyPalm Springs92262735 N Prescott Dr

This home is located at 735 N Prescott Dr in Palm Springs, CA and zip code 92262 in the Old Las Palmas neighborhood. This 6,577 square foot home, which was built in 1936, sits on a 0.94 acre lot. Features: 5 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since October 03, 2023 and is currently priced at $5,990,000.

In March 2024, from all listings sold in Palm Springs, CA there were more than 13 sold above asking price, over 93 sold below and more than 32 were sold right at the asked price. Between February 2024 and March 2024, Palm Springs, CA real estate market has seen increase in the number of listings 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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