$725,000•1/8 Ownership
$5,800,000
Old Las Palmas was a playground for Hollywood stars, starting in the 1920s. Homes once owned by Elizabeth Taylor, Judy Garland and Cary Grant dot the landscape, which now includes chic galleries, bars and design stores.
Enter this just-renovated 5-bedroom, 7-bath stucco home through a picturesque garden, the calming sounds of a limestone fountain burbling nearby. Open the steel and glass doors and you’ll discover an open floor plan living space that has it all. The living room features a soaring, beamed wood ceiling and sleek gas fireplace, with an adjoining game space and a stylish bar. Hand-troweled matte concrete floors run throughout, as do wood and welded steel accents.
The gourmet kitchen has top-of-the-line appliances and a massive island for food prep and casual dining. The kitchen is separated from the formal dining space by a floating glass wine wall.
All the bedrooms have room for king beds and the ensuite bathrooms include walk-in showers, matte black fixtures and white quartz counters. The home also has a private office.
Take in views of the stunning San Jacinto Mountains from this completely walled corner property. In addition to the tennis court, putting green, and pool, you can enjoy a grand veranda with a spa, swimmable waterfall, two fire pits, a covered pergola, and a fully equipped outdoor kitchen with bar seating. Everything you could want in a private compound.
The glass-doored, three-car garage offers an electric charger, air conditioning, and a bonus room above.
The home comes fully furnished and professionally decorated.
How we priced this 1/8 share
We give our homes a full design makeover, manage all aspects of LLC formation, and find qualified owners.
| Purchase PriceWhole home: $5,200,000 | $650,000 |
| Upgrades, Taxes, and ClosingInterior design, furnishings, inspection, title & applicable taxes | $9,091 |
| Pacaso Service FeeBuyer aggregation & legal | $65,909 |
| Total 1/8 OwnershipWhole home value: $5,800,000 | $725,000 |
Flexible ownership
Make your move, on your terms
Whether you own a Pacaso or a whole second home, we make it easy to move or sell when you're ready.
Transfer
Love co-ownership, but decide your Pacaso isn't the perfect fit? Forget buyer's remorse. Within your first year of ownership, you can transfer to another Pacaso that better suits your needs, hassle-free.
Resale
Time to move on? After 12 months of ownership, you can set your price, tap into our marketplace of buyers, and sell quickly and easily. On average, Pacaso listings resell in less 10 days, with a 10% gain.
Selldown
Own an amazing second home, but don't use it very often? Sell part of your home to Pacaso, and keep the amount of ownership that's right for you, from 1/8 to 1/2. Leave the management to us!
Connect with our Crew
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Understanding ownership costs
Know the bottom line before you buy. No hidden fees, no surprises, no monthly markups.
Courtesy of - Brandi Pratt, eXp Realty of California, Inc.
CA DRE# 01968872
Whole home list price: $5,200,000
Source: GPSMLS
Pacaso last checked: May 21, 2022 10:07 AM UTC
All listings are represented by licensed independent brokerages.
Based on information from the California Desert Association of REALTORS® as of 2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.