Listed in Vista Las Palmas Palm Springs

Authentic and architecturally significant 1957 Mid-Century Modern Alexander “Executive”, located in the heart of “Vista Las Palmas” – a sanctuary for Modernism and a premier Million dollar neighborhood also called the “Beverly Hills” of Palm Springs.

Pool2

Vista Las Palmas embodies Mid-Century Modern design, much sought after by style-conscious buyers who are also seeking the desert lifestyle close to downtown. Most of these homes were built by Alexander and designed by famous modernist architect William Krisel.  Many have been restored or modernized, demanding higher prices.

You will find it extremely well maintained with post and beam construction on a large corner lot, high exposed vaulted beam ceilings and wide expanses of glass and clerestory windows; in near-original condition.  Also discover a circular driveway with an original 50’s carport, low maintenance landscaping and a very private pool.

The generously sized living room is dominated by the original natural rock fireplace. It and the dining area have gallery-size walls for your largest pieces of art. The extensive use of glass throughout the house provides a natural light for your art and views of the pool and mountains.

The master bedroom suite, overlooking the pool, contains a wet bar, a dressing area with teak cabinetry, and direct access to a large den, office, exercise room or artist’s studio.  The two guest bedrooms are spacious and have direct mountain views. All the baths have retained their original tile, countertops and sinks.

The large kitchen with a large pantry still has the Formica countertops and vintage appliances next to the maid’s quarters and laundry. The roof was redone in 2008 and the plumbing replaced with copper.  The current owners have been in possession of this home since 1978.

Influence on of REO sales on MCM

We recently did our Business Plan to Sell a 3 bedroom Mid-Century Modern for a client in Rancho Mirage. Naturally, part of that is to look at recent sales activity. Here’s what we found;

top

Each bar shows how many homes were sold in that month. This supports our conclusion that sales are increasing, even if prices aren’t . So we looked at the next layer of the onion, and found things aren’t quite so good. 12 of the 17 sales this year in this group were distressed sales (bank-owned or REO, and short sales).

bottom

Still, non-REO sales are increasing. Furthermore, there is only 1 Active short-sale property in this group on the market, as of the date of this writing, so regular sales have less competition at the moment. Not shown here is a detectable trend that distressed sale prices are slightly increasing.

We might conclude that REO sales have drawn Buyers back in to the market, and this is good for all homeowners. Things are still tough though and you will need good marketing to sell your home.

Vista Las Palmas the ‘Beverly Hills’ of Palm Springs

This neighborhood was once the tramping ground of the “Rat Pack”, Frank Sinatra, Dean Martin, and Sammy Davis Jr., and was known as the Beverly Hills of Palm Springs.  In the 1950’s Los Angeles celebrities used Vista Las Palmas as their desert retreat.  Vista Las Palmas is a quiet neighborhood west and within walking distance of downtown Palm Springs.  Situated by the San Jacinto Mountains it is cooler in the summer and warmer in winter.

Architect William Krisel is responsible for the design of most of the Alexander homes.  Alexander Construction, owned by George and Bob Alexander built more than 2000 homes in the Palm Springs area, responding to the growing demand for Modern Architecture.  Vista Las Palmas was largely developed by them during the 1950’s & 1960’s.

The original Alexander homes were $19,000, had no insulation and were built on a concrete slab.  Alexander construction characteristics are clerestory windows, post & beam construction, center halls and large lots.  This architecture became known as Southern California Modern, with roof styles that include butterfly roofs low-gabled roofs and folded plate roofs. You can also find double A-frame homes called “Swiss Misses”, in Vista Las Palmas, designed by Charles Dubois.

Vista Las Palmas embodies the Mid-Century Modern taste for the discriminating homeowner seeking the desert lifestyle of the desert close to downtown. Most of the homes were built by Alexander, and many have been restored or modernized with rapidly increasing prices.

Robert (Bob) Alexander & his wife, Helene, lived in Vista Las Palmas at 1350 Ladera.  It was “The Home of Tomorrow” featured over eight-pages the September 1992 Look Magazine. The $300,000 cost set a new standard in Southern California.  Elvis & Priscilla Presley used it in 1968 for their honeymoon.

In 1965, George & Robert Alexander and their wives died in a plane crash northwest of Indio.  Their work lives on in Vista Las Palmas.