It’s Home to Coachella Valley’s Most Expensive Real Estate (And No, It’s Not Palm Springs) (2024)

FAQs

It’s Home to Coachella Valley’s Most Expensive Real Estate (And No, It’s Not Palm Springs)? ›

On the western end is Palm Springs, known for its old Hollywood glamour, stylish resorts, and significant architecture. But more mid-to-east valley, about 30 minutes from Palm Springs, is Indian Wells

There is a lot to consider when choosing a city, but there's no better place than Rancho Mirage to build a life in the desert. The most affluent community in the desert, Rancho Mirage, CA is a city vacationers flock to. The city has the most exclusive gated communities and world-class resorts in the desert.

Paradise Cove, Malibu, California—$177 Million

It's the most ever paid for a home in California, eclipsing the previous record set by Jeff Bezos when he dropped $165 million on the Warner Estate, which topped our annual list last year.

Hagadone resided in the sprawling Palm Desert mansion until his death in April 2021 at the age of 88. The home wasn't listed until November 2021 when agents from Coldwell Banker put it on the market with a record-shattering $49.5 million price tag. No home had ever sold for that amount in the Coachella Valley.

Indian Wells, Calif., has some of the priciest desert residential real estate in the U.S. Indian Wells, Calif., has some of the priciest desert residential real estate in the U.S.

Worth $10.9 billion, Philip Anschutz owns AEG, the parent company of Coachella. In addition to entertainment, he built his fortune through commodities including oil and railroads.

A 105,000-square-foot megamansion, known as “The One,” in the Bel Air section of Los Angeles listed Friday for $295 million, making it the most expensive listing in America.

#1. Los Altos and Los Altos Hills tops the list for the richest and most expensive city in California. Los Altos is the affluent enclave of Silicon Valley's most affluent and influential leaders. It is one of the wealthiest cities in the US and among the richest areas in California.

What is the most expensive home in Paradise Valley AZ? ›

In Paradise Valley, Ariz., a home built for a car collector has closed for $23.5 million, making it the most expensive home ever sold in the affluent Arizona town, according to listing agent Joan Levinson of Realty One Group. The property hit the market in January asking $25 million.

Andreas Hills. Andreas Hills is often referred to as the "Bel Air of Palm Springs'' since it's the most exclusive, prestigious, and scenic neighborhood in the desert city.

As reported by TMZ, the pair just purchased a home in Malibu for $200 million, making it the biggest purchase in the history of the state, surpassing the previous record of $177 million.

In total, there were 982 homeless people counted in the Coachella Valley, up 3% from 949 in 2022. Additionally, results showed a 12% increase in the county's total homeless population, with the number of people lacking shelter up 23% compared to last year's results.

The Coachella Valley is currently home to 463,000 permanent residents and according to the Coachella Valley Association of Governments (CVAG) and the Southern California Association of Governments (SCAG), the population of the Coachella Valley is expected to grow to 884,000 by 2035.

The oldest remaining house in Los Angeles is the Avila Adobe located on Olvera Street (built 1818).

$103,526 is the overall average household income all the Coachella Valley. $129,367 is the overall average household income for California. The US average is $105,029.

Kris Jenner's Palm Springs abode is located in La Quinta, California, within the confines of the Madison Club, a high-end golf resort.

The Census Bureau had estimated the city's population at 53,275 in 2019. The California Department of Finance estimated it at 53,892 in January 2021. White residents still make up the largest racial group in Palm Desert by a wide margin.

Entertainment – Anschutz Entertainment Group

Through AEG Live, it owns the Coachella Valley Music and Arts Festival.

Is it safe to live in Coachella Valley? ›

Property Crime Rates are Relatively High in Coachella

With a property crime rate of 41/100, Coachella, CA, is higher than the US average. (35/100) Fortunately, our violent crime rate is lower than the national average.

The future of the Coachella Valley Music & Arts Festival appears to have been bolstered, following the Sunday afternoon announcement that Goldenvoice, the producers of the annual alternative-rock and electronic music festival, have bought 280 acres surrounding the festival site in Indio.

Singapore and New York City tied for the first rank amongst the world's most expensive cities in 2022, pushing Israel's Tel Aviv from the first place in 2021 to the third place in 2022. Both these cities had high inflation and a strong currency.

1. Emmerson Family of Sierra Pacific Industries — 2.4 Million Acres.

33550 Pacific Coast Hwy., Malibu

The massive compound is currently owned by none other than former Disney CEO Michael Eisner. If sold for the asking price, the home would be the most expensive home ever sold in California and one of the most expensive transactions ever, according to the listing agent.

Among the billionaires undeterred by the economy last year was Oracle cofounder Larry Ellison who, after just missing 2021's most expensive home sales list, topped the list in 2022 with the purchase of Netscape cofounder Jim Clark's 16-acre compound in Manalapan, Florida for $173 million.

Marina del Rey, California

You can carve out a life there for $98,931.74, or $8,244.31 per month. Rent is crushingly high, though — a one-bedroom in Marina del Rey costs nearly $1,400 more than the next most expensive city.

The richest city in California is Los Altos Hills. With a median income of $254,000 at the beginning of 2023, the town just edges out Woodside and Hillsborough. Los Altos Hills has been the wealthiest in California since 2019 (prior, it was in fourth place).

What city has the most overpriced housing? ›

According to data from Florida Atlantic University, Atlanta has the most overpriced housing market in the United States. The capital of the Peach State beats out multiple Florida cities, Charlotte, North Carolina, and Memphis, Tennessee to take the top spot for 2023.

Many have fallen in love with the area and now call it home. Notable celebrities like former Poison lead singer Bret Michaels, former Phoenix Suns power forward Charles Barkley, “The Big Unit” Randy Johnson, and former Arizona Cardinals QB Kurt Warner own homes in Scottsdale.

They were drawn to Paradise Valley, they said, because it has spacious lots, quiet streets, greenery and its own police department, all while being close to the Phoenix and Scottsdale city life. “We wanted to be close to restaurants and things, because that's what we have in Santa Monica,” Ms.

The Wrigley Mansion in Phoenix, Arizona, is a landmark building constructed between 1929 and 1931 by chewing-gum magnate William Wrigley Jr.

Leonardo DiCaprio became Palm Springs' most famous resident when he purchased Dinah Shore's former home at 432 Hermosa. When he isn't using his Palm Springs residence, the Oscar-winning actor rents the property out. The mid-century modern home includes 6 bedrooms and 7.5 bathrooms.

Kylie Jenner's mansion appears to be the crown jewel of an expanding Kardashian-Jenner real estate empire in the Palm Springs, California area, where her mother Kris Jenner and sisters Kourtney Kardashian also have opulent abodes.

The swanky Parker Palm Springs hotel is often a go-to spot for celebs when they come to the desert.

LOS ANGELES - Beverly Hills was just named the "most expensive" neighborhood in California and among the priciest in the United States.

See inside the biggest modern home in the US, a 105,000-square-foot Los Angeles megamansion that sold for $126 million to Fashion Nova's billionaire CEO. The letter F.

What are the problems in the Coachella Valley? ›

Prevalent problems of arsenic in water, exposed raw sewage, illegal dumping of chemicals, pesticide drift and other environmental hazards afflict families on a daily basis making many ill and vulnerable.

Denver and Colorado Springs have the largest homeless communities.

In 2022, Los Angeles had the nation's largest homeless population. About 582,000 Americans are experiencing homelessness, according to 2022 Department of Housing and Urban Development (HUD) data.

Coachella Valley is home to some of the country's best music and arts festivals, attracting people from all over the world. In particular, the Coachella Valley Music and Arts Festival draws in hundreds of thousands of thanks to its mix of world-renowned musicians, up-and-coming artists, and fashion.

The average age of a Coachella festival-goer is 25 years old. This statistic is significant in understanding the demographic of Coachella festival-goers. Knowing the average age of attendees provides insight into the type of music, activities, and overall atmosphere that the festival offers.

The City of Palm Desert

Located in the heart of the Coachella Valley, Palm Desert boasts some of the best shopping, food, art, museums and parks anywhere.

Built from Indiana limestone, the T-shaped Lynnewood Hall (dubbed "The last of the American Versailles" by Widener's grandson) measures 325 feet (99 m) long by 215 feet (66 m) deep.

San Jose. Technically, the pueblo of San Jose was established as the state's first known civic settlement by Spanish founder José Joaquin Moraga in November 1777, according to Brittanica.

Jupiter Inlet Colony

Living here, you can be neighbors with A-list personalities like golf legend Tiger Woods and Canadian-born diva Celine Dion. Anywhere you are in this inlet, you'll always have access to the beach, thanks to the crisscrossing walkways all throughout the town.

Where do rich people stay in Palm Springs? ›

La Quinta, an area in Greater Palm Springs which predominately features Hacienda- or Spanish-style homes that lack the same architectural allure as older builds in the area, is particularly en vogue with the reality television royalty of today, who seem to be injecting some architectural style into the neighborhood.

The richest city in Florida is Palm Beach. The median household income in Palm Beach is $169,500. It's also the Florida city with the most billionaires, with an estimated 30 billionaires living in Palm Beach as of 2022.

The primary industries that contribute to the Coachella Valley economy include tourism, agriculture, healthcare, and real estate development.

You can find star home maps listing homes that belonged to the likes of Liberace, Debbie Reynolds or Frank Sinatra. But even celebrities that are popular today, like Kim Kardashian and Leonardo DiCaprio that are perhaps a little more familiar to the hipster and Gen X crowd are also choosing to chill in Palm Springs.

From 2012 to 2022, the Florida city saw a millionaire growth rate of 90%. According to the report, in December 2022, West Palm Beach was home to 9,400 millionaires, 64 centi-millionaires, and six billionaires. West Palm Beach also ranked as a top three city in the U.S. where millionaires are buying second homes.

Billionaires abound in Palm Beach

In 2021, there were 47 billionaires in Palm Beach. Last year, there were 54. Today, there are 57, which may not seem like a huge increase but we're talking billionaires here and one billionaire is worth, well, a lot.

Prevalent problems of arsenic in water, exposed raw sewage, illegal dumping of chemicals, pesticide drift and other environmental hazards afflict families on a daily basis making many ill and vulnerable.

Does the Coachella Valley have a water problem? ›

Polluted drinking water is a persistent problem in eastern Coachella Valley.