A mid-century Palm Springs ranch, which was formerly owned by Walt Disney, has sold (and closed) for a price of $865K, after more than six months on the market. The sale price reflects a discount of roughly $35,000 below its original list price of $899K.

Initially built in the early 1960s – specifically as a desert retreat for Mr. Disney and his wife – this nearly 2,500 square foot residence, which is located at 2688 South Camino Real and on the second fairway of the Indian Canyons North Golf Course, is light and bright, adding truth to Disney’s nickname for its as his “laughing place.”

In addition to its spacious living and kitchen areas, the home offers four bedrooms and four baths, and numerous glass slider doors across the back. There is also a two car garage, along with additional space for parking vehicles outside.

The home is ideally situated on a quarter-acre lot, among lush green gardens and mature palm trees, which offer plenty of ample privacy. The outdoor pool / spa and large patio provide a great space for entertaining, or for enjoying a morning coffee in the sun.

This is actually the second home that Mr. Disney had purchased in the area, as he sold the first one in order to finance the construction of Disneyland. It looks like that turned out to be a highly favorable investment for him.