Coachella Valley Home Sells for $42 Million

A futuristic home outside Palm Springs, Calif., has sold for $42 million after listing in November for $49.5 million.

With curved, copper roofs and asymmetrical walls, the house was built by the late Duane Hagadone, a hospitality and publishing executive. 

The identity of the buyer couldn’t be determined. The listing agents were Jade Mills and Steve Frankel of Coldwell Banker Realty, who shared the listing with Bighorn Properties. 

Designed by Guy Dreier, an architect known for sculptural homes, the roughly 32,000-square-foot mansion sits on a prominent ridgeline about 15 miles from Palm Springs in Palm Desert, Calif., overlooking the Bighorn Golf Club. Mr. Hagadone bought 8 acres of land for $4.5 million in 2007, records show. He also paid $5.5 million for two adjacent vacant parcels, which weren’t included in the sale.

The house is clad in panther slate from India with 16 retractable glass walls framed in bronze, The Wall Street Journal reported. Some 55,000 pounds of copper were used to construct the roof, and the property has three interlocking, boat-shaped swimming pools. 

There are seven bedrooms between the main house and guest pavilion, as well as a separate office built into the mountainside. In the main residence, a hallway leading to the dining room has an aquarium with exotic fish, plus a separate shark tank overhead.

Mr. Hagadone, who died in April, built a resort and media empire that includes a lakefront resort in Coeur d’Alene Idaho, which has been credited with transforming the logging and mining town into a tourist destination. 

In the Palm Springs area, real-estate values have skyrocketed over the past year. The median sales price in Palm Springs in December 2021 was $702,000, up 43.3% from the year prior, according to Redfin.

 

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