Palm Springs estate of sportswear entrepreneur Marc Ware fetches a record price
Palm Springs estate of sportswear entrepreneur Marc Ware fetches a record price
Neal J. LeiteregEntrepreneur and designer Marc Ware, who two decades ago founded the sportswear company Hot Cotton, has raised the bar in Palm Springs luxury market with a record-setting sale.
Ware last week sold his modern estate for $5.75 million the priciest home sale historically for the desert city, property records show. The sale bests the previous high-water mark set by the landmark Elrod House when it changed hands more than a decade ago for $5.5 million.
Its also about a half a million more than what actor Leonardo DiCaprio paid for Dinah Shores legendary estate in 2014: $5.23 million.
GalleryA combination of fair weather, resort communities and a healthy fascination with midcentury-inspired architecture continues to drive national interest in the area, said Todd Monaghan of HK Lane, an affiliate of Christies International Realty, whose real estate team TTK Presents held the listing.
[The sale] continues the trend of increased values in the Palm Springs market, much as [the area's] popularity and allure continues to grow, said Monaghan.
Set on 1.5 acres in Old Las Palmas, the Don Boss-designed home features seven negative-edge swimming pools that surround the home, creating the illusion of floating on water. Walls of glass take in native gardens and grounds designed by landscape architect Steve Martino.
Open and airy formal rooms, chefs and catering kitchens, a den, five bedrooms and six bathrooms lie within the 8,060 square feet of interiors. The spine, a hallway topped with a floating fiberglass light fixture, serves as a modern partition.
A shaded patio, a 9-foot outdoor fireplace, fire features and sculptural lights fill the grounds. Elsewhere is a tennis court with an amphitheater.
Views take in the surrounding mountain peaks.
Scott Histed of Bennion Deville Homes represented the buyer in the sale.
It has been a record-setting kind of year for the desert community that has long attracted entertainers, sports stars and deep-pocketed entrepreneurs.
Two weeks ago, Las Palomas, the onetime Movie Colony retreat of Cary Grant, changed hands for $3.4 million. The sale is the highest recorded in the history of the neighborhood named for the celebrities who lived there decades ago, according to property records and agents with knowledge of the sale.
MORE HOT PROPERTY
Longtime Beverly Hills home of composer John Cacavas lists for $8.325 million
Filmmaker Tyler Perry is upsizing in Atlanta after record home sale
'Ridiculousness' host Rob Dyrdek is entertaining offers on Hollywood Hills home
Follow me at @NJLeitereg.
Categories
Recent Posts
GET MORE INFORMATION
