MOVIE COLONY, PALM SPRINGS, CA
The Movie Colony neighborhood of Palm Springs, California is known for its revered past as a movie star getaway oasis. With homes for sale, this palms resort community is primarily comprised of single family homes constructed in the 1930s. Many actors of the 40’s and 50’s lived and vacationed in the community. It remains today a comfortable bastion of artists and creative retirees. Also home to the famous Movie Colony Hotel, the neighborhood is a short walk to downtown Palm Springs and the Palm Springs Art Museum. The real estate area is defined by the border streets of E Tachevah Dr, N Avenida Caballeros, E Alejo Rd and N Indian Canyon Dr.
There are two movie colonies. They renamed the area that our office is in to make it more fancy, which has worked well in real estate marketing. I mention it in case someone looks it up and gets confused. There’s also Los Palmas, which is where most of the stars lived.
Elizabeth Taylor’s old house (which she hadn’t been in since the 80’s) is renting for $5,000 a month and it’s tacky. Elvis’ house is back on the market. Celebrity houses are getting a high profile recently. Leonardo Di Caprio bought a house here. Sunnylands was re-done, and now the President keeps coming there, and that is a big deal to many investors.
It’s largely investment “party house” vacation homes that are the hot tickets right now. Many buyers are investing today, with plans to possibly retire in the property later.
The single family homes do not contain very many large families. Along with a large number of single retirees, the neighborhood also attracts a large number of gay, lesbian and GLBT community. The Modernist style homes are a major attraction (the Modernist Weekend always results in sales). While the neighborhood begin in the 30’s, most buyers are attracted to the 1960s houses, and there are a lot of big-name, well-known architects attached.
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Copyright © This free information provided courtesy SoCal Home Blog with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact 888-240-3500 or visit NewHomesInLA.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.