ActiveResidential · sale

555 N Patencio Road

Palm Springs, CA 92262

$19,500,000

  • 12 beds
  • 16 baths
  • 15,975 sq ft
  • 1.49 acres
  • Built 1983

Listed by The Beverly Hills Estates · MLS #26843953

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1983.

Garage parking

6 garage spaces listed.

Property size

1.49 acres listed.

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

THE PROPERTY

Get to know the property.

The Harold Matzner Estate occupies a private promontory above Old Las Palmas where the San Jacinto range rises directly behind the compound and the full sweep of the Coachella Valley opens below a position no other residential address in the desert shares on nearly an acre and a half of assembled ground comprising three structures nearly 16000 square feet eleven bedrooms sixteen bathrooms and multiple pools and spas across two fully realized estates and a guesthouseThe main residence at 555 North Patencio Road was originally designed in 1982 by renowned brutalist architect Laszlo Sandor AIA The interiors by Steve Chase result in a timeless combination of architecture and design regularly celebrated whose work defined the aesthetic and vernacular of desert luxury for a generation The homes have a fortresslike experience with a focus on function honesty in materials and sculptural quality Its architecture is uncluttered and horizontal built around a single organizing principle Light Hallmark Chase details like raked plaster walls and natural stone flooring move through the interior their texture alive at every hour as the desert sun crosses the compound catching at dawn along the entrance hall settling into warmth across the great room by afternoon receding at dusk to something quieter and more considered Architectural Digest devoted a full feature to the property in May 1983 the first owner having commissioned a second layer of interiors by Jack E Lowrance for the occasion testament to a house already considered among the most significant residential works in the desert For all its scale the residence lives with a remarkable intimacy soaring volumes that draw inward rather than expand outward each room organizing itself around a human moment rather than an architectural statement The great room opens entirely to the terrace through a retractable wall of glass dissolving the boundary between interior and desert A sunken conversation space anchors the living room gathered below the principal floor oriented toward the wide opening to the mountain beyond a room that manages to feel both intimate and boundless Stone floors carry throughout a Steinway anchoring the living room alongside Asian art and antiquities accumulated over four decades with a collectors deliberateness giving the residence the quality of a place continuously deepened rather than ever simply finishedThe second residence at 575 North Patencio is a fully resolved estate in its own right its architectural language distinct but its conviction equal The entrance hall rises to a sweeping curved staircase a grand piano centered on a raised circular platform below a rain chandelier The great room reaches double height the valley visible through glass on three sides The master bath curved black stone a suspended rain shower open to a skylight above a slit window framing the palm canopy and valley beyond carries the same architectural seriousness as everything around it One room is carved into the boulder face of the mountain itself a stone fireplace set into the rock the terrace visible through a full width of glass beyondThe guesthouse finished to the standard of both residences offers a world entirely its own private selfcontained and quietly removed from the life of the compound It was here that the film festivals most celebrated guests found their desert Sale includes the following APNs 505312011 and 505312014 555 N Patencio Rd and 575 N Patencio Rd

THE NEIGHBORHOOD

Explore the location.

555 N Patencio Road, Palm Springs, CA 92262

Loading property map…

Map position comes from the listing source. Open directions in Google Maps

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1983
Full baths
13
Half baths
1
Garage spaces
6
Cooling
CentralAir
Heating
Central
Appliances
Barbecue,Dishwasher,Refrigerator,Dryer,Washer
Flooring
Carpet,Stone
Pool features
InGround,Waterfall
Spa
Yes
Subdivision
Old Las Palmas
Zoning
R1C
Parcel
505312011

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$81,250.00
Cap rate

Annual operating income:

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
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

See its potential.
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.

YOUR CAREER. YOUR NEXT CHAPTER.

Find your place in real estate.

Just getting started?

Explore real estate education and available licensing courses through ARTI Academics.

Become a real estate agent

Ready to work with ERA?

Discover the people, broker support, technology and education behind an ERA real estate career.

Join ERA Brokers

Moving for work?

Explore ERA Corporate Services for relocation assistance, employer programs, and information for veterans and military families.

Explore Corporate Services
Contact ERA about this property

Ask about this property.

555 N Patencio Road, Palm Springs, CA 92262 · MLS #26843953

Your preferred tour

Times are local to the property. Your tour is not scheduled until an agent confirms.

Your purchase plans

Property inquiries go to help@erabrokers.com.

More in Palm Springs.

Listing information

MLS #26843953 · 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.