The late advertising executive Harold Matzner's sprawling 1.5-acre Palm Springs estate, featuring 11 bedrooms, 16 bathrooms, and multiple pools, is now listed for $19.5 million, with all proceeds benefiting a local charity. The prominent hillside retreat in Palm Springs represents a significant valuation in the luxury real estate market for 2026.
However, a property representing immense personal luxury and private acquisition is now poised to generate significant public benefit through its sale. The estate, a private domain, will transition to serve a broader community purpose.
The sale of this iconic estate is likely to not only set a new benchmark for luxury real estate in Palm Springs but also solidify Matzner's philanthropic legacy through a substantial contribution.
What the Listing Details Reveal
- The property includes three distinct buildings, according to The Desert Sun.
- The entire estate spans approximately 1.5 acres, as reported by KESQ.
- The listing price of $19.5 million could establish a new record for area home sales, states WSJ.
- All funds generated from the sale will be directed to a local philanthropic organization, notes Robb Report.
- The estate features multiple pools and spas; The Desert Sun reports "multiple pools and spas," while KESQ specifies "2 pools, and 4 spas."
What Makes the Philanthropist's Hillside Retreat Unique?
Harold Matzner acquired a neighboring five-bedroom home around 2000 for approximately $1.2 million, expanding his initial property. This acquisition created the current 1.5-acre compound, a deliberate vision for expansive private luxury, according to Robb Report. The listing price of $19.5 million represents a potential record for the area, as reported by Wsj, suggesting a significant appreciation in value.
