784 E Alexander Way, Palm Springs, California 92262, Palm Springs, 92262 - 3 bed, 2 bath

784 E Alexander Way, Palm Springs, California 92262 home-pic-0
ACTIVE$1,075,000
784 E Alexander Way, Palm Springs, California 92262
3Beds
2Baths
1,225Sqft
11,326Lot

Price Vs. Estimate

The estimated value ($996,157.485) is $78,842.515 (7%) lower than the list price ($1,075,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 1225.
Top Cons:
Incomplete Interior Modernization: While kitchen and baths are updated, 'the rest of the home is your blank slate,' implying significant additional investment may be required for full modernization to current design standards.

Compared to the nearby listings

Price:$1.07M vs avg $925.0K (+$150,000)61%
Size:1,225 sqft vs avg 2,096 sqft5%
Price/sqft:$878 vs avg $49192%

More Insights

Built in 1959 (66 years old).
Condition: Built in 1959, this iconic Mid-Century Modern home features recently updated bathrooms and an 'incredible cooks kitchen' with modern stainless steel appliances, contemporary cabinetry, and updated fixtures, as confirmed by the images. The flooring throughout is a consistent, well-maintained polished tile. While the description notes 'the rest of the home is your blank slate,' implying other areas may require cosmetic updates to current design elements, the critical kitchen and bathroom renovations are significant and appear to be within the last 5-15 years. The property shows good overall maintenance, with no immediate major repairs evident, aligning with the 'Good' condition criteria for a well-maintained home with updated key components.
Year Built
1959
Close
-
List price
$1.07M
Original List price
$1.18M
Price/Sqft
$878
HOA
-
Days on market
-
Sold On
-
MLS number
25547401PS
Home ConditionGood
Features
Good View: Mountain(s)
Pool
Patio
ViewMountain(s)

About this home

Seller just told me to drop this incredible home by 100k. This is amazing news. ICONIC PALM SPRINGS. Here in Palm Springs we are always ready to have fun with fashion and kitsch, the things that are cool for now, but what we celebrate are the things that will stand the test of time and the amazing souls that make our fair city synonymous with their very being. The two most important categories for us are Mid-Century Modern and live music. This home epitomizes both of these. Today when people all over the world think of "Mid-Century" it is The Alexander Homes of Palm Springs they picture. We are offering a 3 bedroom, 2 bath Alexander home, on Alexander Way in the world famous Racquet Club Estates (Iconic in its own right, seriously Google it). The home sits on a huge estate-sized corner lot (11,325sqft) with one of the most beautiful pools you will ever find, not to mention the many separate seating areas and perfect landscaping. The home still has original details but along the way it has seen its bathrooms updated and an incredible cooks kitchen installed. The rest of the home is your blank slate for bringing in today's design elements. This has been the home of two "Blues Hall Of Fame" music legends, Kal David and Lauri Bono. When they decided to make Palm Springs their full time home, some thirty years ago, they helped to usher in today's vibrant live music scene in the desert, helping take us from piano bars only to the wide mix of talented blues, jazz and mixed genres we have here today. Their "Blue Guitar" (on Palm Canyon, next to the Plaza Theater, also where you will find their star on the Walk Of Fame) was a destination for musicians from all over the world to not only play but interact with each other. Many of those musicians then spent time in this home writing music, remembering gigs with all the greats and eating that amazing Italian food Lauri created in that beautiful kitchen. Long before the world knew of the Alexander homes, Kal and Lauri entertained here, showing their love of and pride in, Palm Springs. This you your chance to own a perfectly placed Alexander Home with the very best of Mid-Century details and a past that holds a special place in the modern history of Palm Springs. The very definition of ICONIC.

Nearby schools

6/10
Vista Del Monte Elementary School
Public,K-50.3mi
4/10
Raymond Cree Middle School
Public,6-80.4mi
6/10
Palm Springs High School
Public,9-122.5mi
4/10
Desert Learning Academy
Public,K-122.6mi
Condition Rating
Good

Built in 1959, this iconic Mid-Century Modern home features recently updated bathrooms and an 'incredible cooks kitchen' with modern stainless steel appliances, contemporary cabinetry, and updated fixtures, as confirmed by the images. The flooring throughout is a consistent, well-maintained polished tile. While the description notes 'the rest of the home is your blank slate,' implying other areas may require cosmetic updates to current design elements, the critical kitchen and bathroom renovations are significant and appear to be within the last 5-15 years. The property shows good overall maintenance, with no immediate major repairs evident, aligning with the 'Good' condition criteria for a well-maintained home with updated key components.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 1225.
Iconic Mid-Century Modern Architecture: The property is an 'Alexander Home' in Palm Springs, a highly sought-after and iconic style, appealing to a specific and strong buyer demographic.
Historical Significance & Celebrity Pedigree: Formerly owned by 'Blues Hall Of Fame' legends Kal David and Lauri Bono, adding unique cultural value and a compelling story to the property.
Expansive Corner Lot with Resort-Style Outdoor Living: Features a huge 11,325 sqft corner lot with a beautiful pool and multiple separate seating areas, ideal for entertaining and the Palm Springs lifestyle.
Updated Key Areas: The bathrooms have been updated and an 'incredible cooks kitchen' installed, reducing immediate renovation needs in these high-value areas.
Desirable Location & Views: Situated on Alexander Way in the world-famous Racquet Club Estates, offering a prime address with desirable mountain views.

Cons

Incomplete Interior Modernization: While kitchen and baths are updated, 'the rest of the home is your blank slate,' implying significant additional investment may be required for full modernization to current design standards.
Potential Overpricing Relative to Market Estimation: Despite a recent $100k price drop, the current listing price is 12% above the property's estimated value, which could impact buyer perception and negotiation.
Age of Core Systems (Unspecified Updates): Built in 1959, the property's core systems (e.g., HVAC, electrical, plumbing) are not explicitly mentioned as updated, potentially leading to future maintenance or replacement costs for a buyer.

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