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2350 S Araby Drive, Palm Springs, CA 92264

$2.27M4bd · 3ba · 2,547 sqft
Lot 27,878 sqft•Single Family Residence•
Active
•122d on market•MLS# 219149096

Property Description

This iconic desert retreat oozes class, character and has a class one historical designation. Know as the Giannini residence, the original owners and founders of Bank of America made this their desert retreat nestled higher up in Araby Cove. Araby cove is one of the first and oldest subdivisions in South Palm Springs. The home was constructed with board formed, poured in place concrete and finely cut locally quarried stone over the concrete walls which is reminiscent of the craftsmanship from the 1880s-1930s era. The property also features a basement and bank type vault which could be a nice wine cellar. The basement stays at a cool temperature naturally through the year and has added AC in case you would like it even cooler. A large Albert Frey deck serves as a star and view gazing platform as well as a shade for the cars underneath. This could be a huge party space as well! Enter up a grand stair way to a stone porch! The porch is naturally cool being surrounded by rock and the orientation from the sun. The views from the front of the home are incredible and expansive. Enter the home thru old French doors and you are greeted with a huge original rock fireplace. The living room flows nicely into an office nook, then into a gourmet kitchen, butler pantry and coffee bar and breakfast nook. This all opens up to the lovely outdoor space surrounded by patios, a kidney shaped pool, spa and top of the line desert scape. There are outstanding views from each of the homes outside and inside viewing areas. Back inside the home we will find a large formal dining room to accompany your chefs kitchen. There is one guest bedroom and a den serviced by a jack and jill bath. The second bath on that side also able to serve the entertaining and dining areas. The other side of the home offers the primary suite with a large bath and sitting area. Also on that side is the second guest bedroom. This home has changed hands less than a handful of time in a 100 years. This is a a once in a lifetime opportunity to own a piece of history. The current owner has installed a very extensive HVAC system and added much needed insulation to keep this green friendly home cool on hot desert days!

Features & Amenities

ArabyFeeBuilt 1926

Property Details

Subdivision
Araby
Land Type
Fee
Year Built
1926
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
7
Garage Spaces
0
Heating
Central
Cooling
Central Air
View
Canyon, City Lights, Desert, Hills, Mountain(s), Panoramic, Pool, Valley
Flooring
Carpet, Laminate, Tile
City
Palm Springs
Zip Code
92264
County
Riverside
Listed byAllison James Estates & Homes, Jessica Bailey·213-926-6471

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$11,478.36
Principal & Interest
Loan Amount
$1,816,000
Total Interest
$2,316,208
Total Payment Over 30 Years
$4,132,208
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Araby

This property is located in Araby, a community in Palm Springs. Explore more listings in this neighborhood to compare options and pricing.

View Araby Listings

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

2350 S Araby Drive, Palm Springs, CA 92264

Araby · Palm Springs · Single Family Residence

$2.27M
Luxury Tier
Beds
4
Baths
3
Sqft
2,547
Lot
27,878 sqft
Year
1926
$/Sqft
$891
Pool: Yes✓
Spa: Yes✓
View: city✓

Listed 70.0% above the median closed sale of $1,335,000. Price per sqft ($891) is a 78% premium to closed comps ($501). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $2.27M· $891/sqft
Total list price
Closed comps
vs closed median $1.33M
+$935K (+70.0%)
Active comps
vs active median $1.18M
+$1.09M (+93.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $768
+$123 (+16.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1010 Friar CourtPalm Springs1963322,01712,632$1,184$2.39M6554
2553 Cardillo AvenuePalm Springs1964332,0127,841$581$1.17M3953
165 Avenida ElenoraPalm Springs1967431,98121,344$1,060$2.10M1249
1820 Racquet ClubPalm Springs1991322,11418,295$454$959,0002746
5155 Bobolink LanePalm Springs1962432,10110,454$559$1.18M3343
Total: 5 · Average3.42.62,04514,113.2$767.6$1.56M35.2
Median2,017$1.18M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2788 Princess LanePalm Springs200009/08/2026442,94515,246$1.98M$1.91M$6470.9612969
816 Mira GrandePalm Springs200409/14/2026432,5179,148$779,000$779,000$3091.003745
1508 El AlamedaPalm Springs194708/24/2026432,13510,454$1.23M$1.17M$5460.958644
1441 Amelia WayPalm Springs200410/02/2026442,78410,454$1.40M$1.36M$4900.985343
4238 Indigo StreetPalm Springs201509/16/2026332,5986,970$1.37M$1.33M$5140.9810942
Total: 5 · Average3.83.42,595.810,454.4$1.31M$1.31M$501.2—82.8
Median2,598$1.33M$1.33M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.