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5305 Lakeside Drive

Louis Magnano Of Modern California House Represents Sale Of Donald Wexler Home In Palm Springs For $1.665M
SOLDSingle Family

Louis Magnano Of Modern California House Represents Sale Of Donald Wexler Home In Palm Springs For $1.665M

5305 Lakeside Drive

$1,665,000

$654/SF

Building Size

2,546 SF

Asset Type

Single Family

Closing

Jul 27, 2026

AI

A 2,546-square-foot single-family home located at 5305 Lakeside Drive in Palm Springs, CA, has been sold for $1,665,000. The property, designed by Donald Wexler, is part of the historic Green Fairway Estates community, consisting of only 35 homes. The residence, known as the “Royal Singapore” home, was originally listed for $1.825 million earlier this year and was purchased by the seller for $1.55 million in 2022.

Summary of transaction details:

The transaction involved Louis Magnano representing the seller in the deal, facilitating the sale of this notable Desert Modernist residence.

Players

Louis Magnano

Modern California House

Broker

$1.7M

vol

1 deal

Broker

Palm Springs Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.53%

Cash-on-Cash

-2.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93