3554 Penny Lane Palm Springs, CA $ 489,000
3554 Penny Lane
$ 489,000
Recently Listed
Open House 7/15 11am - 1pm
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3554 Penny Lane

Palm Springs, CA, 92262
$ 489,000
Bedrooms2 Baths2.1 Sq 1,343

Monthly Estimate*

$ 3,088

Listed by Compass
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View a Virtual Tour

Condo for sale in Palm Springs, CA

for $489,000 with 2 bedrooms and 2 full baths, 1 half bath. This 1,343 square foot condo was built in 2007 on a lot size of 0.026.

Welcome to Palermo, a gated community in Palm Springs situated on fee land (you own the land). This desirable Model B floor plan offers 2 bedrooms, 2.5 bathrooms, a one-car garage, a private backyard spa, and an upstairs patio above the garage with stunning mountain views.The open-concept layout creates an inviting space for everyday living and entertaining, while the private backyard offers a peaceful retreat to relax and enjoy your own spa. Upstairs, the spacious patio provides the perfect place to take in the surrounding mountain vistas.Palermo's resort-style amenities include two community pools, two spas, outdoor showers and restrooms, a clubhouse with a lounge area, pool table, full kitchen, fitness center, abundant guest parking, and dog stations throughout the community. The HOA permits rentals with a 30-day minimum, making this property an excellent choice as a primary residence, vacation home, or investment opportunity.Photo Disclosure: Some listing photos have been virtually staged using AI to illustrate the home's potential. Additional photos show the property in its current vacant condition. Buyers are encouraged to review both the virtually staged and vacant photographs.

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Open House

7/15/2026 11:00 AM - 1:00 PM
7/18/2026 9:00 AM - 11:00 AM
7/19/2026 10:00 AM - 12:00 PM
3554 Penny Lane Palm Springs, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Condo Active

Price

$ 489,000

Bedrooms

2

Full Bath

2

Half Bath

1

Property Type

Condo

Taxes

$ 0

Style

Lot Size

0.026

Year Built

2007

Town/City

Palm Springs

County/Region

Riverside

MLS | Web ID

219149987PS

Days on Market

64

Features
General
Living Area 1343
Heating Forced Air
Possession Close Of Escrow
Appliances Dishwasher Refrigerator
HOA Fee 590
Garage Spaces 1
Association Fee Includes Sewer
Security Features Gated Community
Year Built 2007
View Mountain(s)
Stories Count 2
Levels Two
Property Subtype Condominium
Community Features Gated
Assoc Fee Paid Per Monthly
County Riverside
New Construction false
Property Type Residential
Association Amenities Clubhouse Fitness Center Other Trash Water
HOA true
Attached Garage true
Subdivision Name Palermo
Garage Y/N true
Full Baths 2
Special Listing Conditions Standard
Status Active
Directions Enter Palermo from Indian Canyon. Follow Enterprise Way to Penny Lane. Turn Left home will be on the right. Cross Street: Penny Lane and Enterprise Way.
City Palm Springs
Disclosures HOA Disclosure
Association Name Palermo
Senior Community Y/N false
Open Parking Spaces 0
Number Of Units Total 117
MLS Area 331 - North End Palm Springs
Lot Size Units Square Feet
Lot Size Square Feet 1134
Carport Spaces 0
Listing Terms Cash Cash to New Loan
Spa Features Heated In Ground
Property Attached Y/N true
Land Lease Y/N false
Walk Score 0
Lease Considered Y/N false
Virtual Tour https://my.matterport.com/show/?m=9bTv5TVfgJ9 https://my.matterport.com/show/?m=9bTv5TVfgJ9
Standard Status Active
Year Built Source Assessor
Property Sub Type Additional Condominium
Expected Active Date 2026-07-09
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Interior
Flooring Concrete
Fireplace Features Gas Outside
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Half Baths 1
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 2
Total Baths 3
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Exterior
Parking Features Guest
Lot Features Drip Irrigation/Bubblers Sprinkler System
Total Parking 1
Lot Size Area 1134
Foundation Details Slab
Spa false
Lot Size Acres 0.026
Private Pool false
Lot Size Source Assessor
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* Excluded Features
List By
Compass

Broker

luke.smith@lukeesmith.com

Email

Affordability Calculator

$3,088
Per Month
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Monthly Principal & Interest
$3,088
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/6/2026$489,000 Listed Price

Map


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3554 Penny Lane, Palm Springs, CA, 92262 is a Condo for sale at $489,000 with 1,343 sqft and a lot size of 0.026. 3554 Penny Lane has 2 bedrooms, 2.1 baths, and was built in 2007. The property's zip code is 92262 which is in Palm Springs, CA