Elvis Presley’s Palm Springs honeymoon home has lingered on market for years

Palm Springs, CA, is an intriguing housing market due to its intoxicating blend of history, climate, and celebrity. The desert destination is also a prime locale for buyers in search of second homes. As a result, midcentury modern homes with prime pedigrees don't last long on the open market. So it's more than a bit … Continue reading “Elvis Presley’s Palm Springs honeymoon home has lingered on market for years”

Palm Springs, CA, is an intriguing housing market due to its intoxicating blend of history, climate, and celebrity. The desert destination is also a prime locale for buyers in search of second homes. As a result, midcentury modern homes with prime pedigrees don't last long on the open market.

So it's more than a bit puzzling why a midcentury modern once dubbed the "house of tomorrow" has lingered on the market for years. The 5,000-square-foot house on an acre lot with a pool in the backyard was famously the honeymoon home of Elvis and Priscilla Presley.

The floor-to-ceiling windows, pod-style rooms, and winding staircase make it an iconic structure in a city packed with fascinating architecture.

But it's bounced on and off the market since 2014, and the current listing has been active for over four months.

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  • Listed for a staggering $9.5 million in 2014, the home has had a series of well-documented price changes.

    Though the property comes with celebrity history, notable design, and prime location, it is a bit of an outlier for the area.

    “Most of the homes in this neighborhood sell for about $1 million to $1.5 million," says listing agent Scott Histed. So selling a nearly $3 million property is a bit of a challenge.

    Size is another factor the home has lingered on the market. Surrounding homes in the neighborhood are around half the size (or even less) of this behemoth.

    Another factor is the Palm Springs market itself.

    “It’s going to take a very specific buyer who wants to spend a few million on 5,000 square feet of space for a secondary home,” explains Histed. “Since Palm Springs is much more of a secondary residence–style city, the market just moves a little slower as well.”

    Without buyers feeling the urgency to pick up a full-time roof over their heads, there's less rush to put down an offer.

    Histed also believes the true value of the home is in the architecture rather than its well-documented celebrity connection. The dwelling was built by architect William Krisel, whom NPR called "a pioneering architect who brought his vision of modernism to Southern California tract housing." Krisel designed over 300 homes in the neighborhood.

    “The house is in character with the rest of the neighborhood, but it is definitely a little over the top,” says the agent.

    In the 1960s, the Presleys leased the home for a year. Open to the public, the home pays tribute to their residency with a host of rock ’n’ roll artifacts, which aren't included in the sale.

    The home itself is in original condition, which means cosmetic updates are in order.

    “It needs some paint, could use new floors, and the bathrooms could use a bit of updating,” says Histed.

    For a buyer in search of a primary residence rich in history, these cosmetic changes come with the territory. However, in Palm Springs most buyers want a turnkey home—they aren’t looking to put a ton of work into an investment property or secondary residence.

    And because of this home's size—five bedrooms and five bathrooms—cosmetic updates could add hefty costs on top of the sizable listing price.

    But it’s clear a sale hasn’t closed for lack of interest. Two vacant lots from the same owner were also for sale, says Histed. “At one point, we had a single person who wanted all three properties and offered over $4 million cash. But the buyer couldn’t come up with the necessary documents to close, and the owner decided not to move forward.”

    One of those vacant lots has since sold.

    “We had an Australian woman interested in the home,” Histed adds. This deal went under contract, but financing was held up. “She had other deals in the works, and her financing had to be put on hold until the new year.” The owner put the kibosh on the deal, unwilling to wait for the financing to come through.

    Those weren’t the only offers. “We’ve actually had several offers on the home recently,” says Histed. Instead of accepting one, the owner believed the multiple offers were a sign the home was priced too low. So just last week, the price was raised from $2,695,000 to $2,975,000.

    It's an interesting tactic to say the least. Either way, a buyer will still benefit from a significant discount from the $9 million asking price of four years ago.

    In any case, the Presley honeymoon home will have a new owner one day.

    “I’m optimistic,” he says. “This house is beautiful—it just isn’t for everyone. The right person will come along.”

    The post Why Hasn't Anyone Bought Elvis Presley's Palm Springs Honeymoon Home? appeared first on Real Estate News & Insights | realtor.com®.

    Kate and Pippa Middleton’s former London home hits market

    The London home Kate Middleton shared with her sister before she married into the royal family is on the market.

    Located in a sought-after spot in the posh Chelsea neighborhood, the three-bedroom apartment was once lived in by the Duchess of Cambridge.

    Although likely to be a distant memory for Kate now, the Middleton sisters lived there after their parents bought it in 2002.

    ELVIS' PALM SPRINGS HONEYMOON HIDEOUT LISTED FOR $2.695 MILLION

    Originally purchased for 780,000 pounds, or over $978,000, it is now for sale for 1.95 million pounds, or nearly $1.9 million, according to The Sunday Times.

    The Chelsea apartment is tastefully decorated with colorful and cosy extras scattered throughout the three bedrooms. Rugs and sofas fill the living spaces in what looks like a spacious apartment.

    It isn't known why the Middletons have put the three-story apartment on the market, but it's likely there isn't much need for it now. Kate has lived with husband Prince William and their three children at Kensington Palace for years, and Pippa now lives with husband James Matthews and their new baby.

    William and Kate live at Kensington Palace Apartment 1A — they moved into the residence in 2012, after it underwent a $5.6 million refurbishment. It features five reception rooms, three master bedrooms and additional dressing rooms, bathrooms and a gym — not your average London apartment.

    'FIXER UPPER' HOME, NICKNAMED 'PRICKLY PEAR,' HITS MARKET IN WACO

    The royal family has a staggering $16 billion property portfolio, including Buckingham Palace and a number of other sprawling estates. Their incredible properties actually fall into two categories — ones they privately own, and those that are owned by the Crown Estate.

    The Crown Estate is owned by the current reigning monarchy, and the Queen doesn’t actually have any rights when it comes to the selling of properties.

    This article originally appeared in The Sun. Read more content from The Sun here.

    Elvis’ Palm Springs honeymoon hideout listed at $2.695 million

    Some Elvis Presley fans are about to be All Shook Up learning that they can own a piece of The King for only a few million dollars.

    The Palm Springs pad, where Elvis and new bride Priscilla Presley hid out after their secret wedding in 1967, is back on the market for $2.695 million – nearly three times less than the $5.9 million asking price it was listed at only a year ago.

    'FIXER UPPER' HOME NICKNAMED 'THE PRICKLY PEAR HOUSE' HITS MARKET AT $499G

    Once billed as the “House of Tomorrow,” the modernist residence was built in 1960, and originally listed for $9.5 million.

    1st May 1967: American rock musician Elvis Presley (1935 – 1977) and his wife, Priscilla Beaulieu Presley, hugging each other on their wedding day, Las Vegas, Nevada. (Getty Images)

    The William Krisel-designed abode features futuristic pod-like structures and floating stairs as part of its unique look. The 5,000-square-foot home has floor-to-ceiling windows and a chic 60’s vibe with a suspended, see-through fireplace and stone accented walls.

    The kitchen continues the round aesthetic with a circular free-standing island complete with indoor grill. Heading up the narrowing stairs, a drape-heavy bedroom, one of five, sits surrounded by windows and closets lining the walls.

    The King of Rock and Roll’s love nest also comes with a swimming pool in the backyard – as well as some memorabilia of Elvis himself. As the Seattle Times reports, all art and furnishings, including portraits of the cultural icon, are included in the nearly $2.7 million sale.

    FOLLOW US ON FACEBOOK FOR MORE FOX LIFESTYLE NEWS

    Elvis and Priscilla divorced in 1973, six years after getting married. Elvis later died in 1977 from a heart attack.

    Alexandra Deabler is a Lifestyle writer and editor for Fox News.

    Anthony Bourdain’s former New York City condo drops in price

    An uptown Manhattan condo owned by late chef and television personality Anthony Bourdain and his wife Ottavia Busia — the two would later become estranged — is now a bit more affordable.

    CALIFORNIA HOUSEBOAT WHERE TOM HANKS LIVED HITS THE MARKET

    The price of the 2,250-square-foot flat has dropped from $3.7 million to $3.49 million. The pad, combined from two apartments at 40 E. 94th St., hit the market for that higher price in September.

    (Stribling & Associates)

    The then-couple bought the unit for $3.35 million in 2014. It’s no surprise, given the legacy of the late globe-trotting foodie, that this renovated second-floor unit comes with a killer kitchen that has top-of-the-line appliances. The pad also has international touches, like a “Japanese bathroom,” according to the listing. There are also bamboo hardwood floors and separate bedroom wings for the four bedrooms.

    A flexible space can additionally be used as a fifth bedroom or a library. Oversize windows overlook a tree-lined garden courtyard. The building on East 94th Street, Carnegie Tower, features amenities including a garage, an exercise room, a bike room and storage.

    At the time of his June death in France, Bourdain was also renting a two-bedroom Time Warner Center condo that appears to have found new tenants after being listed for $14,200 per month in August.

    7 THINGS YOU SHOULD REMOVE FROM YOUR LIVING ROOM BEFORE SHOWING A HOUSE

    The listing broker for the Carnegie Tower unit is Stribling’s Elizabeth Fishman.

    This article originally appeared in The New York Post.

    Nearly all homes in San Francisco cost over $1M

    Better start saving now.

    San Francisco real estate is holding strong with a new report from housing website Trulia showing 81 percent of homes in the Bay Area cost $1 million or more.

    SILICON VALLEY TINY HOUSE ON SALE FOR $2.6 MILLION

    The impressive price tags represent a 13.7 percent increase since October 2017 — only second to neighboring San Jose, which saw a 14.3 percent year-over-year increase.

    Number three in the nationwide report on the housing markets with biggest increases is also a Bay Area city, Oakland, which saw a 5.8 percent increase.

    Though San Francisco’s pricey properties were not number one when it comes to increase, it does beat out San Jose for the most amount of million-dollar homes in 2018.

    THIS VACANT 1-ACRE LOT IN THE BAY AREA IS SELLING FOR $15M

    According to the report, throughout San Francisco, few neighborhoods even have homes listed below $1 million. Of those that do come on the market for less than $1 million, many experience bidding wars that drive the price up to the seven figure mark.

    As the study points out, million-dollar homes around the country are rare – only 3.6 percent – which makes the market in California’s Bay Area so impressive. Even more so when it’s taken into consideration that only 24 percent of San Francisco homes were worth $1 million or more in 2012, according to Market Watch.

    FOLLOW US ON FACEBOOK FOR MORE FOX LIFESTYLE NEWS

    Post-recession, the Golden State has seen a massive increase in property prices especially in San Francisco because of its limited size and boom in those working in tech that are able to, and want to, buy homes.

    However, the expensive housing seems to be true of the entire state — and will likely remain that way. Of the metro areas listed for largest increases in million-dollar homes, seven were in California.

    Alexandra Deabler is a Lifestyle writer and editor for Fox News.

    Anthony Bourdain’s former New York City condo drops in price

    An uptown Manhattan condo owned by late chef and television personality Anthony Bourdain and his wife Ottavia Busia — the two would later become estranged — is now a bit more affordable.

    CALIFORNIA HOUSEBOAT WHERE TOM HANKS LIVED HITS THE MARKET

    The price of the 2,250-square-foot flat has dropped from $3.7 million to $3.49 million. The pad, combined from two apartments at 40 E. 94th St., hit the market for that higher price in September.

    (Stribling & Associates)

    The then-couple bought the unit for $3.35 million in 2014. It’s no surprise, given the legacy of the late globe-trotting foodie, that this renovated second-floor unit comes with a killer kitchen that has top-of-the-line appliances. The pad also has international touches, like a “Japanese bathroom,” according to the listing. There are also bamboo hardwood floors and separate bedroom wings for the four bedrooms.

    A flexible space can additionally be used as a fifth bedroom or a library. Oversize windows overlook a tree-lined garden courtyard. The building on East 94th Street, Carnegie Tower, features amenities including a garage, an exercise room, a bike room and storage.

    At the time of his June death in France, Bourdain was also renting a two-bedroom Time Warner Center condo that appears to have found new tenants after being listed for $14,200 per month in August.

    7 THINGS YOU SHOULD REMOVE FROM YOUR LIVING ROOM BEFORE SHOWING A HOUSE

    The listing broker for the Carnegie Tower unit is Stribling’s Elizabeth Fishman.

    This article originally appeared in The New York Post.

    Nearly all homes in San Francisco cost over $1M

    Better start saving now.

    San Francisco real estate is holding strong with a new report from housing website Trulia showing 81 percent of homes in the Bay Area cost $1 million or more.

    SILICON VALLEY TINY HOUSE ON SALE FOR $2.6 MILLION

    The impressive price tags represent a 13.7 percent increase since October 2017 — only second to neighboring San Jose, which saw a 14.3 percent year-over-year increase.

    Number three in the nationwide report on the housing markets with biggest increases is also a Bay Area city, Oakland, which saw a 5.8 percent increase.

    Though San Francisco’s pricey properties were not number one when it comes to increase, it does beat out San Jose for the most amount of million-dollar homes in 2018.

    THIS VACANT 1-ACRE LOT IN THE BAY AREA IS SELLING FOR $15M

    According to the report, throughout San Francisco, few neighborhoods even have homes listed below $1 million. Of those that do come on the market for less than $1 million, many experience bidding wars that drive the price up to the seven figure mark.

    As the study points out, million-dollar homes around the country are rare – only 3.6 percent – which makes the market in California’s Bay Area so impressive. Even more so when it’s taken into consideration that only 24 percent of San Francisco homes were worth $1 million or more in 2012, according to Market Watch.

    FOLLOW US ON FACEBOOK FOR MORE FOX LIFESTYLE NEWS

    Post-recession, the Golden State has seen a massive increase in property prices especially in San Francisco because of its limited size and boom in those working in tech that are able to, and want to, buy homes.

    However, the expensive housing seems to be true of the entire state — and will likely remain that way. Of the metro areas listed for largest increases in million-dollar homes, seven were in California.

    Alexandra Deabler is a Lifestyle writer and editor for Fox News.

    Anthony Bourdain’s former New York City condo drops in price

    An uptown Manhattan condo owned by late chef and television personality Anthony Bourdain and his wife Ottavia Busia — the two would later become estranged — is now a bit more affordable.

    CALIFORNIA HOUSEBOAT WHERE TOM HANKS LIVED HITS THE MARKET

    The price of the 2,250-square-foot flat has dropped from $3.7 million to $3.49 million. The pad, combined from two apartments at 40 E. 94th St., hit the market for that higher price in September.

    (Stribling & Associates)

    The then-couple bought the unit for $3.35 million in 2014. It’s no surprise, given the legacy of the late globe-trotting foodie, that this renovated second-floor unit comes with a killer kitchen that has top-of-the-line appliances. The pad also has international touches, like a “Japanese bathroom,” according to the listing. There are also bamboo hardwood floors and separate bedroom wings for the four bedrooms.

    A flexible space can additionally be used as a fifth bedroom or a library. Oversize windows overlook a tree-lined garden courtyard. The building on East 94th Street, Carnegie Tower, features amenities including a garage, an exercise room, a bike room and storage.

    At the time of his June death in France, Bourdain was also renting a two-bedroom Time Warner Center condo that appears to have found new tenants after being listed for $14,200 per month in August.

    7 THINGS YOU SHOULD REMOVE FROM YOUR LIVING ROOM BEFORE SHOWING A HOUSE

    The listing broker for the Carnegie Tower unit is Stribling’s Elizabeth Fishman.

    This article originally appeared in The New York Post.

    Nearly all homes in San Francisco cost over $1M

    Better start saving now.

    San Francisco real estate is holding strong with a new report from housing website Trulia showing 81 percent of homes in the Bay Area cost $1 million or more.

    SILICON VALLEY TINY HOUSE ON SALE FOR $2.6 MILLION

    The impressive price tags represent a 13.7 percent increase since October 2017 — only second to neighboring San Jose, which saw a 14.3 percent year-over-year increase.

    Number three in the nationwide report on the housing markets with biggest increases is also a Bay Area city, Oakland, which saw a 5.8 percent increase.

    Though San Francisco’s pricey properties were not number one when it comes to increase, it does beat out San Jose for the most amount of million-dollar homes in 2018.

    THIS VACANT 1-ACRE LOT IN THE BAY AREA IS SELLING FOR $15M

    According to the report, throughout San Francisco, few neighborhoods even have homes listed below $1 million. Of those that do come on the market for less than $1 million, many experience bidding wars that drive the price up to the seven figure mark.

    As the study points out, million-dollar homes around the country are rare – only 3.6 percent – which makes the market in California’s Bay Area so impressive. Even more so when it’s taken into consideration that only 24 percent of San Francisco homes were worth $1 million or more in 2012, according to Market Watch.

    FOLLOW US ON FACEBOOK FOR MORE FOX LIFESTYLE NEWS

    Post-recession, the Golden State has seen a massive increase in property prices especially in San Francisco because of its limited size and boom in those working in tech that are able to, and want to, buy homes.

    However, the expensive housing seems to be true of the entire state — and will likely remain that way. Of the metro areas listed for largest increases in million-dollar homes, seven were in California.

    Alexandra Deabler is a Lifestyle writer and editor for Fox News.