Frank Sinatra

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In 1967, Frank Sinatra purchased the Palm Desert estate and completed transforming the property into his home by 1970. Named after his character in From Here to Eternity, Sinatra’s mountain retreat became a generous space for relaxation and entertainment. The quintessential American singer spent 14 years in the home with his fourth wife, Barbara, before it was donated to Loyola Marymount University, then sold to a private buyer. In the years following, the opulent property has been on and off the market but was recently relisted for $4.25 million as listing agent Markus Canter of Berkshire Hathaway claims, “the property and the market are now in alignment.” Traveling from Washington, Texas, New Jersey, England, and Italy, prospective buyers are elated to view the renowned estate. The luxurious property offers scenic views, plentiful outdoor space, and a home that evokes the feel of a summer vacation.

Sinatra’s Villa Maggio spans 7.5 acres of picturesque land and includes nine bedrooms and 12.5 bathrooms. The property consists of a five-bedroom main house, three-bedroom guesthouse, and one-bedroom pool house. Many of the bedrooms are luxurious guest suites featuring their own bathrooms, fireplaces, balconies, or adjacent decks. The home’s restaurant quality kitchen is equipped with an island and three stainless-steel refrigerators. Decorative elements of the home consist of locally sourced wood, stone, and other natural materials. The property can be accessed via car as there is ample capacity to park over 20 automobiles, but the exterior space also offers a helipad. Perched above the Coachella Valley, its sunny location is perfect for enjoying the outdoors with hiking access to the National Forest trails, a resort-style pool for lounging, and a professional-grade tennis court. Other perks of the lavish estate include an art studio, office, library, media room, home theater, gym, and lounge with custom bar.

For more on the latest in luxury real estate, visit dev.hauteresidence.com.

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Do these characteristics and traits sound like people you know in the Coachella Valley?

They might be your children, nieces and nephews, colleagues or neighbors. And they are showing a strong interest in the Coachella Valley real estate market.

According to a study by Realtor.com, millennials aged 25-34 make up the largest age demographic of prospective home buyers (24%) followed by those aged 35-44 (23%). Combined they make up nearly half of today’s buyer pool. Among the top 60 metropolitan areas by household count, the metros which saw the largest shares of older millennial listing views compared to the national rate (the “Millennial Index”) included Salt Lake City, Miami, Orlando, Seattle and Houston. Within these cities, the share of older millennial views were approximately 1.2 times larger than their share nationally.

Because the information above focuses on metropolitan areas by market definition, millennial ‘hot spots’ in broader metro areas (i.e., Brooklyn, NY) are not always included. As it turns out, the number one zip code search (in listing page views) by the older millennial demographic is the Coachella zip code of 92236, followed by Downey, CA and then Brooklyn, NY.

To see what homes these millennials are looking for, download my FREE real estate app ‘Palm Springs Home Search’ via the Apple App Store or Google Play: https://homestack.com/a/palmspringshomesearch

William Landesman is the exclusive agent representing the Palm Springs, Rancho Mirage, Palm Desert, Indian Wells, La Quinta, California real estate market as a member of the Haute Residence Real Estate Network. Contact him here!

Image courtesy of William Landesman

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But for his family camp, the legendary entertainer bequeathed one of Palm Springs' most famous residences: a 23,366-square-foot architectural wonder that recently listed for nearly $25 million—$9 million less than the figure printed on its price tag last November.

The Bob and Dolores Hope home is 23,366-square feet and sits on six acres.

Bob Hope's estate is constructed of concrete, steel, and glass. The massive copper roof is the home's signature design element.

The new list price is shocking considering the estate’s zip code, size (23,366-square feet), and provenance—in addition to the fact that Bob Hope’s family quietly shopped the estate for $50 million in March 2013, before settling on $34 million when it listed in January 2014. Whether or not the estate was overpriced, it appears the Hope family is finally committed to closing this cherished chapter of their lives. Patrick Stewart Properties has the listing.

Known as the Bob and Dolores Hope estate, the dramatic 10-bedroom, 13-bathroom property is unlike any other home in the world. Constructed of massive amounts of concrete, steel, and glass, the home boasts a distinct undulating copper roof that—depending on the angle—resembles a giant mushroom, a nun's cap, a dormant volcano...or a flying saucer preparing for takeoff. The couple used this "dream home" as a second residence, primarily for entertaining.

The 10-bedroom, 13-bathroom property is listed for nearly $25 million.

The outdoor courtyard can accommodate 300 guests under a gigantic eye in the sky.

The home was built in 1980 by John Lautner, a modernist architect famous for space-age designs (particularly the Chemosphere octagon-shaped house in the Hollywood Hills) that are still featured in popular movies, on TV, and even in video games. Although the home was constructed by a modernist, today’s contemporary design is usually more subtle than Lautner’s eccentric style. Space-age flair in 1980 looks dated compared to its present-day definition (for proof, check out the Star Wars sequels).

One could speculate that Lautner’s over-the-top designs are iconic and influential, but require a specific modern sensibility, especially in today’s recovering market—which might explain the price chop almost by half. Of course, none of this diminishes Lautner's groundbreaking masterpiece. Ironically, for the location and square footage, the estate may now be a relative bargain for the right buyer.

The huge residence features soaring ceilings, great views and an abundance of light.

The home's price has been slashed by 50% in the past year and a half, indicating the Hope family's determination to sell.

Overhead view of the undulating, Lautner-designed space-age residence.

2466 Southridge Drive overlooks the Coachella Valley with views of the Banning Pass and Mount San Jacinto.

Overlooking the entire Coachella Valley, the conspicuous California property—located at 2466 Southridge Drive—is wide open and meticulously landscaped on more than 6.2 acres of land. The two-story, gated community home features three pools (private, indoor and exercise), hot tub, pond, a rock formation with waterfall (built into the home's façade), four fireplaces, soaring ceilings, an elevator, terraces, a guesthouse, and a majestic circular oculus (or sky roof) that is extraordinary. The estate is ideal for entertaining via a huge outdoor courtyard that accommodates 300 people, a bar, tennis court, and of course, a putting green.

Hope, who passed away at 100 years old in 2003, was an avid golfer who often performed holding a golf club. He was a tireless and consummate entertainer of the general public via radio, television and movies; the military, through his 50-year association with the United Service Organization (USO) shows and overseas tours; and family, friends, soldiers and dignitaries at this iconic desert home.

Bob and Dolores Hope.

Bob Hope, with trademark golf club in hand, entertaining U.S. troops during a USO tour.

Bob and Dolores Hope with family in 1978.

Photos by Patrick Ketchum, Brian Thomas Jones and Tasya Van Ree

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