The Desert Sun’s real estate and business reporter, Amy DiPierro, reports in a recent article that the Edris House, a mid-century modern gem designed by E. Stewart Williams in the early 1950s in Palm Springs’ Little Tuscany neighborhood has joined an elite club of Coachella Valley homes selling for more than $1,000 per square foot. Palm Springs Mayor pro tem, J.R. Roberts, sold the 2,700 square feet house on April 30th for $3 million or $1,111 per square foot. Only a handful of houses, in Palm Desert’s Bighorn Golf Club and Indian Wells’ Vintage Club, priced at $1 million or more in the past four years have garnered a per-square-foot price greater than $1,000, according to multiple listing service data maintained by the Palm Springs Regional Association of Realtors® (PSRAR).
The Edris House came on the market in February 2017 for the first time in 17 years and was originally listed at $4.2 million. Besides Edris House, E. Stewart Williams is behind many other prominent local designs, including the Palm Springs Art Museum and the Palm Springs Aerial Tramway's alpine station. Williams died in 2005.
Palm Springs is the only city in the Coachella Valley where the March 2018 median home sale price of $646,750 exceeds the city’s pre-recession 2006 peak median home sale price of $600,000, according to a March 2018 data analysis performed on behalf of the valley’s two Realtors associations.
To read Amy DiPierro’s original article and view the accompanying pictures, courtesy of The Desert Sun, please visit: https://www.desertsun.com/story/money/real-estate/2018/05/16/edris-house-palm-springs-sold-3-million-coachella-valley-record/617458002/