About This Single Family in Palm Springs, CA
This 6 bedroom, 7 bathroom single family is located in Palm Springs, CA. The property spans 7,000 square feet of living space on a 56,628 square foot lot, and was built in 1963. The property sold for $5,320,000, placing it in the ultra-luxury segment of the market.
Leonardo DiCaprio's home. Leonardo DiCaprio bought this home in March of 2014 for $5.32 Million. This home was once owned by Dinah Shore. The singer and talk-show host had the house built in 1963, the year she stopped hosting "The Dinah Shore Chevy Show". Local architect Donald Wexler, who designed Palm Springs International Airport in the 1960's, designed the 7,000 sq ft modernist house, which has 6 bedrooms, 7 bathrooms, fireplace, pool and spa on 1.3 acres.
Other previous owners include: Ben Lipps, a doctor, chief executive officer and chairman of the management board of Fresenius Medical Care, the largest dialysis services provider in the world and manufacturer of peritoneal and hemodialysis machines and equipment. And David Lee, producer and screenwriter lived here. He was a writer for the sitcoms "The Jeffersons", "Cheers" and "Wings", as well as being a co-creator and writer for "Frasier".
Built in 1963, this established home has had time to settle into its neighborhood and landscaping. Properties from this era were constructed before many of the modern energy codes, which is worth considering when evaluating long-term utility costs alongside the purchase price.
Real Estate in Palm Springs, CA
California is one of the most expensive real estate markets in the United States, driven by high demand in coastal cities like Los Angeles, San Francisco, and San Diego. Limited land for development, strict zoning regulations, desirable weather, and a concentration of high-paying technology and entertainment jobs create persistent upward pressure on prices. The state offers diverse property types from beachfront homes and hillside estates to Central Valley farmhouses, with internal price variation that is among the largest of any state.
What Determines Value in the Ultra-luxury Segment
In the ultra-luxury price range where this single family in Palm Springs sits, buyers are typically weighing a specific set of trade-offs. Ultra-luxury real estate operates by different rules than the broader market. Buyers at this price point are generally purchasing on the strength of specific features — waterfront, views, architectural significance, or historical provenance — that cannot be replicated elsewhere, rather than making purely financial decisions.
Properties like this single family in Palm Springs are part of the Housle game database, where players compare real home prices from across America. Understanding what makes each home worth what it sold for — the location within its market, the specific features, the year it was built, and the condition at time of sale — is exactly the kind of knowledge that Housle builds through repeated exposure to real listings.
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