The Desert Sun’s Rosalie Murphy writes that The Pond Estate, a sprawling 12-acre compound at the end of Acanto Drive on the southern edge of Palm Springs, is going to auction. Originally built for Robert and Jo Pond in the late 1980s, the property features a white Spanish-style mansion and two guest houses, both in desert-washed pink stucco, with a total of 10 bedrooms and 19 bathrooms spread across nearly 19,000 square feet of living space. The Ponds also built stables for 4 horses and 7 garages with space for their collection of more than 100 vehicles.
The property has been listed for sale three times in the last 18 months, most recently for $10.75 million, and hasn't yet found a buyer, so it is now being listed for sale by auction. While listed at the appraised value of $8.5 million, there is no minimum bid. Buyers have until Aug. 5 to make offers, but the sellers don't have to wait until that date to accept an offer.
The main house, a white ranch filled with skylights and Spanish-style arches, is spacious and formal. Its master suite spans at least 2,000 square feet and includes a private indoor pool; its dining room can seat 16 comfortably. Terrazzo tile and thick carpet covers the floors and chandeliers dangle from many ceilings.
The two guest houses contrast sharply with their pink exteriors are pink and their interiors decorated with unfinished wood, southwest and Mexican inspired tile and ample Old West art. Outside, the larger of the two buildings has a tennis court, pool and spacious covered entertaining space.
Other options for the property include turning some of the four garages into guest cottages and operating the estate as a boutique hotel or redeveloping the land into a neighborhood of about 25 homes.
To read Rosalie Murphy’s original article and view the accompanying pictures, courtesy of The Desert Sun, please visit: http://www.desertsun.com/story/money/real-estate/2016/06/24/pond-estate-palm-springs-auction/86056238/