For a cool $3.495 million you can be the owner of a Palm Springs resort style hideaway. If that price seems a little high, potential buyers can take comfort in knowing they may be able to save money on the A/C bill. The Jersey Devil architectural firm that designed the house built it with sustainability in mind and with a variety of ways to keep the heat out.
In addition to a spacious outdoor living space by the pool, there is a private spa and a waterfall. While these features seem standard with any home at that price rage, they are designed to keep the house cool during the dry desert summer. For instance, the evaporation off the waterfall is intended to act as a natural cooler for the outdoor spaces.
A venting system that forces hot air from the attic, motorized rolling shades on the windows and concrete walls are some of the other the home is designed to keep the Palm Springs heat away.
Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 3.0 percent and 15-year rates are near 2.25 percent.
Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.biz, social media (#AramcoReport), or over the phone at (877) 700-0942 and your questions may be featured in an upcoming article.
