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211 N Sunrise Way, Palm Springs, California 92262, Palm Springs, 92262 - 5 bed, 6 bath

211 N Sunrise Way, Palm Springs, California 92262 home-pic-0
ACTIVE$3,200,000
211 N Sunrise Way, Palm Springs, California 92262
5Beds
6Baths
5,879Sqft
20,379Lot

Price Vs. Estimate

The estimated value ($1,909,746.775) is $1,290,253.225 (40%) lower than the list price ($3,200,000). This property may be overpriced.

Key pros and cons

Top Pros:
Unique Architectural Heritage: A Class 1 Historical Site featuring distinctive Brutalist Modern architecture by renowned architect Robert Ricciardi, offering a rare opportunity to own a piece of Palm Springs' architectural history.
Top Cons:
Significant Renovation & Investment Required: As a former commercial building requiring conversion into a residential property, it demands substantial renovation, design, and financial investment from the buyer.

Compared to the nearby listings

Price:$3.20M vs avg $925.0K (+$2,275,000)96%
Size:5,879 sqft vs avg 2,100 sqft100%
Price/sqft:$544 vs avg $49159%

More Insights

Built in 1970 (55 years old).
Condition: This property, built in 1970, is a former commercial building (Gas Company Building) and a Class 1 Historical Site. It is explicitly listed as requiring 'residential conversion' and 'substantial renovation, design, and financial investment' to become a single-family home. The provided images are conceptual renderings of a future state, not actual photos of the current interior. Therefore, there are no existing residential kitchen or bathroom conditions, styles, or features to evaluate. In its current state, the property is not livable as a residential home and requires a complete overhaul of all systems and interior spaces to facilitate residential use, aligning with the 'Poor' condition criteria of requiring substantial rehabilitation and being uncomfortable/unsuitable for living in its current form.
Year Built
1970
Close
-
List price
$3.2M
Original List price
$3.2M
Price/Sqft
$544
HOA
-
Days on market
-
Sold On
-
MLS number
219127278DA
Home ConditionPoor
Features
Good View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

Own a Piece of Palm Springs History and Create Your Dream Estate! Located at 211 N Sunrise Way, this historic property--formerly the Gas Company Building--is a Class 1 Historical Site, showcasing stunning Brutalist Modern architecture. Designed by renowned architect Robert Ricciardi, the structure's bold, raw concrete and geometric forms offer a rare opportunity to preserve a piece of architectural history while transforming it into a bespoke single-family home. Approved for residential conversion, this property is ideal for those with a vision to blend Palm Springs' storied past with modern luxury. The Brutalist style is celebrated for its unpretentious materials and dramatic aesthetics, providing a unique canvas for a contemporary, sophisticated living space. With its open layout and striking visual appeal, this property presents endless possibilities for creative design and personalization. Whether you're interested in embarking on this exciting project independently or exploring a joint venture, the potential for this one-of-a-kind estate is truly limitless. Adjacent lot entitled for 15 apartments/condos also available separately! Don't miss this exclusive opportunity! Serious buyers only. For more information or to schedule a private tour, call 760-333-6980. Please note: The APN will be updated due to a recent lot split that separates the existing building from the vacant land. The new APN is currently being issued, and the updated lot size is 20,379 square feet (0.47 Acres).

Condition Rating
Poor
This property, built in 1970, is a former commercial building (Gas Company Building) and a Class 1 Historical Site. It is explicitly listed as requiring 'residential conversion' and 'substantial renovation, design, and financial investment' to become a single-family home. The provided images are conceptual renderings of a future state, not actual photos of the current interior. Therefore, there are no existing residential kitchen or bathroom conditions, styles, or features to evaluate. In its current state, the property is not livable as a residential home and requires a complete overhaul of all systems and interior spaces to facilitate residential use, aligning with the 'Poor' condition criteria of requiring substantial rehabilitation and being uncomfortable/unsuitable for living in its current form.
Pros & Cons

Pros

Unique Architectural Heritage: A Class 1 Historical Site featuring distinctive Brutalist Modern architecture by renowned architect Robert Ricciardi, offering a rare opportunity to own a piece of Palm Springs' architectural history.
Approved Residential Conversion: The property has already received approval for residential conversion, significantly streamlining the process for transforming it into a bespoke single-family home.
Expansive Lot Size: With a generous lot size of 20,379 square feet (0.47 Acres), there is ample space for creating a luxurious estate with extensive landscaping and amenities.
Desirable Mountain Views: The property offers appealing mountain views, a highly sought-after feature that enhances its aesthetic value and desirability in Palm Springs.
Substantial Interior Space: The 5,879 square feet of interior space provides a vast and open canvas for creative design and personalization, allowing for a truly unique and spacious living environment.

Cons

Significant Renovation & Investment Required: As a former commercial building requiring conversion into a residential property, it demands substantial renovation, design, and financial investment from the buyer.
Valuation Discrepancy: The listing price of $3.2 million is considerably higher than the estimated property value of approximately $1.9 million, indicating a potential overvaluation or pricing based on future completed value.
Niche Appeal & Historical Constraints: The Brutalist architectural style may appeal to a specific niche market, and its Class 1 Historical Site status could impose restrictions on modifications and design flexibility.

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