Merv Griffin’s sprawling California ranch is back on the market at a reduced asking price of $23.9 million. The 40-acre La Quinta estate, designed by the television producer in the 1980s, combines multiple residences with a private lake and extensive equestrian facilities. It has also hosted events attended by musicians including Katy Perry and Post Malone.
Key takeaways
The ranch’s latest asking price is about $12 million below its 2025 listing price. Its mix of homes, recreation and horse facilities makes it a distinctive offering in the desert market.
- The estate is listed for $23.9 million, down from $36 million in 2025.
- The property spans 40 acres and includes seven homes and a 2.5-acre lake.
- Its equestrian amenities include a 16-stall barn and a Thoroughbred racing track.
A substantial price reduction
The ranch has returned to the market at $23.9 million, a reduction of roughly one-third from its previous $36 million asking price in 2025. The lower price puts the property back in the spotlight as a large-scale estate with a combination of residential and recreational features.
Designed by Merv Griffin
Griffin, who created the television game shows Jeopardy! and Wheel of Fortune, designed the property in the 1980s. He died in 2007. The estate is in La Quinta, in California’s Coachella Valley, and its expansive grounds include seven homes as well as a 2.5-acre leisure lake.
Equestrian facilities and entertainment history
The ranch’s amenities extend beyond its residences. An equestrian complex includes a 16-stall barn and a Thoroughbred racing track, while the lake offers a separate recreational feature. The property has also served as a setting for events attended by artists such as Katy Perry and Post Malone.
Ownership history
The estate last sold in 2013, when a real estate investment firm acquired it for $7 million. Its current asking price reflects a later stage in the property’s market history, following the $36 million listing in 2025 and the subsequent reduction to $23.9 million.