Merry Modernist Christmas From Palm Springs, CA!
This four (4) bedroom, four and a half (4.5) bathroom home, located at 884 South La Mirada Court is nestled against the Palm Springs mountains overlooking the valley-floor in the famous Palm Springs Tennis Club.
Inspired by pioneer modernists Le Corbusier & Mies van der Rohe, Architect James Cioffi’s has designed an elegant “floating box” that preserves the natural desertscape below in his masterpiece. Intended to capture the 360 degree views from the site without being hindered by the extreme summer temperatures, the design provides large expansions of floor-to-ceiling glass shadowed by custom “bris de soleil”, or sun-screens.
Built by Hochanadel, Inc., it features 3850 SF, soaring 11-15′ ceilings, high-end features and finishes, four car tandem parking, residential elevator and an expansive outdoor entertainers patio with 55′ infinity Pool/Spa and views beyond belief!
It’s just on the market for $2,887,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $2,887,000 of $577,400, the mortgage amount would be $2,309,600. At an estimated 4.5 percent interest rate fixed for 30 years the gross payment would be about $12,000 per month. If you were to rent out the home seasonally for a net $1,500 per month (this is a very conservative estimate of what you could bring in), that would reduce the gross payment to $10,500 per month. After tax deductions, the net payment would be about $8,000 per month. Not bad for celebrity style modernism in Palm Springs!
Happy New Year!
The Cribline Team