Price on Bob Hope's Palm Springs Estate Reduced by 50%

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ZillowThe Hopes' home is sometimes referred to as the "volcano house" because of a dramatic central opening to the sky.
Talk about a Black Friday bargain: Bob and Dolores Hope's Palm Springs estate is being offered at a 50 percent discount and is now priced at $25 million.

The contemporary home designed by modernist architect John Lautner was listed for $50 million last year and is considered the crown jewel in the collection of California properties Hope once owned. The dramatic steel-and-glass house with a curved copper roof was built for the iconic actor/comedian and his wife in 1980. Sometimes described as the "volcano house," or "mushroom house" because of its distinctive shape, it overlooks the Coachella Valley and includes:
  • 6.2 acres
  • walls of glass overlooking city, mountain and valley vistas
  • 23,366 square feet of living space with an elevator
  • 10 bedrooms and 13 baths
  • a swimming pool, waterfall, pond and tennis court
Hope, of course, was the "Thanks for the Memory" star who died at 100 in 2003. He is most known for his "Road" series with crooner Bing Crosby, as well as for hosting the Academy Awards and entertaining U.S. combat troops all over the world. His widow, Dolores Hope, died in 2011 at the age of 102.

The Hopes entertained many famous friends at their desert home at 2466 Southridge Drive, which includes a massive outdoor entertaining space for 300 and spectacular views of the surrounding mountains.

"I still get chills when I drive up to the property," listing agent Stewart Smith of Patrick Stewart Properties told Zillow.com. "It's one of the most architecturally significant homes in the U.S. -- if not the world."

Its uniqueness -- and its price -- have kept the home on the market for more than a year.

"We dropped the price for the same reason all sellers drop the price of their homes. It's priced for today's marketplace," Smith said.

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