ActiveResidential · sale

1255 E Via Estrella

Palm Springs, CA 92264

$6,750,000

  • 3 beds
  • 5 baths
  • 5,471 sq ft
  • 0.56 acres
  • Built 1969

Listed by The Beverly Hills Estates · MLS #26662595

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1969.

Property size

0.56 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

The Factor Residence Hank Webber Don Staska 1969 When Jerome Factor commissioned architects Hank Webber and Don Staska to design a desert retreat on one of Canyon Country Clubs premier fairway lots in 1969 the brief was uncompromising absolute privacy monumental presence and an interior world capable of housing one of the most remarkable private art collections in the American WestThe result with interiors by the celebrated Chicago decorator Richard Himmel and landscape architecture by David Hamilton ASLA was a compound that read from the street as a study in restraint The brutalist stucco facade entirely windowless and relentlessly horizontal disclosed nothing of what lay within It was and remains one of the most architecturally confident statements in Palm Springs a house that keeps its own counselInside the scale is immediate and total Twelvefoot ceilings span 5500 square feet of living space organized around a gallerylength entrance corridor designed from the outset to display Pop and Op Art at a scale worthy of the work and a vast living and entertaining sequence anchored by a black granite fireplace wall and framed by bronzetinted glass walls opening to the San Jacinto Mountains The pool terrace engineered to accommodate events for up to three hundred guests beneath a canopied sky completes a compound conceived for both intimate retreat and grand occasionThe Factor Residence was featured across six pages of color photography in House Beautiful April 1973 a distinction that recognized not merely the architecture but the singular totality of the vision building landscape furnishings and collection conceived and executed as one That totality endures Nearly all of the furniture and art museum quality original to the Factor family remains in place an extraordinary continuity that transforms the estate from a significant residence into a living record of one of Californias great midcentury collecting traditionsDocumented in Steve Treinens Canyon Country Club History and Design of Palm Springs Garden of Eden and recognized among the finest preserved examples of largescale California Modern architecture in the Coachella Valley the Factor Residence is offered for the first time since 2017 At 5500 square feet on a halfacre fairway lot with three bedrooms five baths and an irreplaceable collection intact it represents a convergence of architecture history and provenance that the market will not see again

THE NEIGHBORHOOD

Explore the location.

1255 E Via Estrella, Palm Springs, CA 92264

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1969
Full baths
3
Half baths
0
Cooling
CentralAir
Heating
Central,ForcedAir,NaturalGas
Appliances
BuiltIn,Dishwasher,GasCooktop,Disposal,GasOven,Microwave,Dryer
Flooring
Carpet
Pool features
Heated,InGround,Lap
Spa
Yes
Subdivision
Indian Canyons
Parcel
009602561

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$28,125.00
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1255 E Via Estrella, Palm Springs, CA 92264 · MLS #26662595

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Listing information

MLS #26662595 · California Regional MLS

Listing brokerage: The Beverly Hills Estates
Listing agent: Eric Lavey

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.