In Palm Springs modern real estate news, the 7,000 square foot residence originally designed for Dinah Shore in 1963 has sold for $4.9 million. This iconic Donald Wexler design is located in the Old Las Palmas neighborhood of Palm Springs. The home was built in 1965 and features six bedrooms, eight baths, two guesthouses, a tennis court, pool and spa on 1.3 acres of land.

According to our Desert Area MLS the home was extensively remodeled. The home is considered an important and architecturally significant estate. Jerry Herman who is known for the stage hits of Mame and Hello Dolly also once owned the home.

City of Palms Springs Luxury Real Estate Update
23 homes within the city of Palms Springs have sold for over $1,000,000 to date in 2011. This compares to 23 million plus sales during the same period in the prior year. Average selling prices for luxury homes in the city of Palm Springs have remained fairly stable from last year. $1,503,738 was the average in 2010 versus $1,485,620 year to date in 2011.