Pond Estate Auction Featured in The Desert Sun

Read the original article by Rosalie Murphy here.

The Pond estate, a sprawling 12-acre compound on the southern edge of Palm Springs, is going to auction.

The property was built for Robert and Jo Pond beginning in the late 1980s. Robert Pond was an engineer and inventor who co-founded the Palm Springs Air Museum, and the couple was active in the city’s social and philanthropic circles. Their estate features a white Spanish-style mansion and two guest houses, both in desert-washed pink stucco, with a total of 10 bedrooms and 19 bathrooms. The Ponds also built stables and garage space for their collection of more than 100 vehicles.

But it’s been listed for sale three times in the last 18 months, most recently for $10.75 million, and hasn’t yet found a buyer.

“There’s nothing like (the Pond estate). There’s nothing like it in its location. There’s few properties in the entire Coachella Valley of that size, and (that) have the architecture and lake and feel and passion behind the property that Bob Pond put into it,” said Todd Wohl, a founding partner with Premiere Estates, which has listed the property for auction. “But in the end, what’s it worth? It’s really worth what the market is willing to bear. That’s it.”

In an auction, potential buyers submit their best offers and property owners choose which bid they want to accept. Buyers have until Aug. 5 to make offers, but the sellers don’t have to wait until that date to accept an offer, Wohl said.

The estate asked $12 million in January of 2015, then fell to $10.75 million at the start of 2016. Premiere Estates is listing the property at its appraised value of $8.5 million, but there is no minimum bid. Wohl said he expects the sale price to be lower than the appraisal.

“With all respect for the agents that had the listing before, they didn’t know what it was worth,” Wohl said. “They can do a lot of analysis on a piece of paper, which is logical, but in the end, obviously, the market didn’t agree with them.”

The 12-acre compound at the end of Acanto Drive feels more like a retreat center than a full-time house. It has 10 bedrooms spread across nearly 19,000 square feet of living space, not counting the seven garages and stables for up to four horses.

The main house, a white ranch filled with skylights and Spanish-style arches, is spacious and formal. Its master suite spans at least 2,000 square feet and includes a private indoor pool; its dining room can seat 16 comfortably. Terrazzo tile and thick carpet covers the floors and chandeliers dangle from many ceilings.

The two guest houses — which were actually built first, according to Jo Pond’s personal assistant Roberta Morreale — contrast sharply. Their exteriors are pink and their interiors decorated with unfinished wood, southwest- and Mexican-inspired tile and ample Old West art. Outside, the larger of the two buildings has a tennis court, pool and spacious covered entertaining space.

The Ponds held fundraisers and parties frequently, Pond said, including for the Palm Springs Air Museum and the American Cancer Society.

“It would be nice if (the buyer) were somebody that would take an interest in our community and do what I did by sharing it, because the house is the happiest when it’s full of people,” Jo Pond said. “When you share it, then it’s worthwhile.”

Chris Gilfillen, a real estate agent with HK Lane and part of the sales team, said he’s shown the property five times in the last two weeks. Furnishings are not included. Robert Pond died in 2007, and his car collection was sold in 2012.

Gilfillen said auctions are not common, but he sees this one as a “marketing strategy” for ensuring a sale. Multi-million-dollar properties often spend months or years on the market.

Stewart Smith, a real estate agent with Patrick Stewart Properties who most recently listed the Pond Estate for sale, told The Desert Sun in March that he could see a buyer turning some of the property’s four garages into guest cottages and operating the estate as a boutique hotel. Smith did not return requests for comment this week.

A builder could also buy the property to redevelop the land, Wohl said. Premiere Estates’ listing boasts that the property could be turned into a neighborhood of about 25 homes.

Own a Piece of Palm Springs History

Robert Pond was a man with two great passions: automobiles and aircraft. A Navy pilot during WWII who grew to love the planes he flew, Pond began collecting WWII-era aircraft in the 1970s; his lovingly-restored collection eventually formed the basis for what is now the Palm Springs Air Museum.

He began collecting cars, amazingly, as a child. By the time of his death in 2007, his collection of exotic and classic automobiles had ballooned to well over 100 in number, and was widely regarded as one of the most diverse collections in the world.

His cars lived where he did: the idyllic, 12-acre Pond Estate just outside the Palm Springs city limits. But while the cars were relegated to five on-site climate-controlled garages, Pond and his family could enjoy commanding views of the surrounding mountains from an expansive main home with four bedroom suites, an indoor lap pool & spa, a breathtaking formal dining room with seating for 16, and extensive arched patios framing the aforementioned views.

But Pond also made sure his guests were as comfortable as possible; his estate also includes two fully-appointed guest homes (one is over 4,000 sq ft), another outdoor pool with adjacent open-air kitchen and bar, a tennis court, equestrian facilities, and a showcase pond with dancing fountains and an island accessed by a romantic wooden bridge.

And for guests wishing to skip I-10 traffic…there’s always the helipad.

This stunning desert compound is so much more than the sum of its features; it’s a labor of love and of passion…and a piece of Palm Springs history.  Premiere Estates Auction Company will be auctioning the fee simple interest in The Pond Estate on August 5th; don’t miss your chance to own one of the desert southwest’s most impressive properties.

Uninterrupted Bliss in Ojai, CA

Premiere Estates is proud to introduce our latest and greatest auction offering, located in picturesque Ojai, CA.  World-renowned for its peaceful beauty and scenery, Ojai is located just south of Santa Barbara, CA and a stone’s throw from Los Angeles. Visitors from all over the world travel each year to enjoy Ojai’s incredible climate, Pacific Ocean views, and active equestrian community.

This auction opportunity is a luxury retreat so stunning it rivals Ojai’s own natural beauty. We present Rancho Fino – an expansive, 20+ acre luxury retreat, with a Mediterranean/Spanish-influenced estate home designed by renowned architect Marc Whitman.  It includes 6,250 sq ft of living space, with 4 bedrooms and 5 bathrooms. A unique master suite encompasses an entire wing of the home.  Enjoy Ojai’s temperate climate year-round in a nearly 4,000 sq ft outdoor living space that you’ll have to see to believe.  Currently used as an active equestrian ranch, Rancho Fino is seated on a versatile property that would allow all of your dreams to come true; whether they are establishing your own winery, growing fruit from your own orchards, or enjoying a lush escape from it all, Rancho Fino will help make your dreams a reality.

Open houses are scheduled for September 20, October 4 & October 18.  To schedule your private tour, please contact Michael SchwartzRancho Fino and the bliss of Ojai can be yours at auction on October 21, 2015.