New Record Set for Palm Springs Area Luxury Home Sale
Doug Balog of KW Luxury Homes recently completed the sale of the highest sales priced single family home in the Coachella Valley.
Palm Desert, CA, November 17, 2011 --(PR.com)-- Doug Balog of KW Luxury Homes by Keller Williams announced today the completion of the highest-recorded single-family luxury home sale in the Coachella Valley to date. Balog, who represented the buyers in the transaction., commented, “We are extremely pleased to have had the opportunity to participate in this transaction and are thrilled to have been able to assist the buyers in finding a home that is not only an excellent investment, but more importantly, they will be delighted with for many years to come.”
The sale, which closed in September of 2011, was listed at $9.75 million and is second only to the sale of the former Blixseth estate, Porcupine Creek, a private golf course, primary residence with four additional guest homes, sold to Oracle co-founder and CEO Larry Ellison earlier this year for $42.9 million. Balog commented, “A sale of this magnitude in the Coachella Valley during the current economic state lends a lot of weight to the theory that the market and the economy is still strong in certain sectors, particularly the luxury home market.”
Located in the The Canyons at Bighorn in the Bighorn Golf Club, this one-of-a-kind estate was designed by the legendary Guy Dreier, whose award-winning designs are known for bridging form with function and merging design with environment, reinforcing Dreier’s philosophy on home design which clearly sets forth the notion of elemental synchronicity. Dreier says, “Each home design is a study in sculptural shapes and organic warm spaces that our clients don’t want to leave.”
The 9,798 square foot home sits on an estate sized lot of just under 2.25 acres that features expansive spaces that rise from the magnificent hillside not as a building in conflict with the landscape, but as an organic living space that gracefully rises, falls and dances in concert with its surroundings. The exterior materials are often nearly indistinguishable from the surrounding red earth of the Santa Rosa Mountains that flank the southwestern side of the Coachella Valley. Zen gardens, meditation pools and babbling brooks make a walk through the estate a peaceful delight in nearly every sense.
The buyers of the property are entrepreneurs from western Canada who have stakes in enterprises that range from philanthropic endeavors to providing investment capital in automotive and aircraft ventures.
Doug Balog, Broker Associate of KW Luxury Homes by Keller Williams on El Paseo and Certified Luxury Home Marketing Specialist (CLHMS), is a member of the Who's Who in Luxury Real Estate in over 80 countries and a member of the Desert Estates Network, a consortium of 20 luxury home brokers of high end estate properties in the Coachella Valley.
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The sale, which closed in September of 2011, was listed at $9.75 million and is second only to the sale of the former Blixseth estate, Porcupine Creek, a private golf course, primary residence with four additional guest homes, sold to Oracle co-founder and CEO Larry Ellison earlier this year for $42.9 million. Balog commented, “A sale of this magnitude in the Coachella Valley during the current economic state lends a lot of weight to the theory that the market and the economy is still strong in certain sectors, particularly the luxury home market.”
Located in the The Canyons at Bighorn in the Bighorn Golf Club, this one-of-a-kind estate was designed by the legendary Guy Dreier, whose award-winning designs are known for bridging form with function and merging design with environment, reinforcing Dreier’s philosophy on home design which clearly sets forth the notion of elemental synchronicity. Dreier says, “Each home design is a study in sculptural shapes and organic warm spaces that our clients don’t want to leave.”
The 9,798 square foot home sits on an estate sized lot of just under 2.25 acres that features expansive spaces that rise from the magnificent hillside not as a building in conflict with the landscape, but as an organic living space that gracefully rises, falls and dances in concert with its surroundings. The exterior materials are often nearly indistinguishable from the surrounding red earth of the Santa Rosa Mountains that flank the southwestern side of the Coachella Valley. Zen gardens, meditation pools and babbling brooks make a walk through the estate a peaceful delight in nearly every sense.
The buyers of the property are entrepreneurs from western Canada who have stakes in enterprises that range from philanthropic endeavors to providing investment capital in automotive and aircraft ventures.
Doug Balog, Broker Associate of KW Luxury Homes by Keller Williams on El Paseo and Certified Luxury Home Marketing Specialist (CLHMS), is a member of the Who's Who in Luxury Real Estate in over 80 countries and a member of the Desert Estates Network, a consortium of 20 luxury home brokers of high end estate properties in the Coachella Valley.
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Contact
Doug Balog KW Luxury Homes
Julia Countryman
951-659-4392
www.dougbalog.com
Julia Countryman
951-659-4392
www.dougbalog.com
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