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3554 Penny Lane, Palm Springs, CA 92262

$489,000
Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,343 Status: Active
Current Price: $489,000 List Date: 7/09/2026 Last Modified: 8/16/2026

Description

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.

More Information MLS# 219149987

Listing, Location and Property Info

Entry Date: 2026-07-06 Land Type: Fee Subdivision: Palermo

General Property Information

Fireplace: Yes Building # of Stories: 2 Total Fireplaces: 1 Pool: No Garage: Yes Garage Description: Attached Sprinklers: Yes Furnished: Unfurnished Total Bedrooms: 2 Full Baths: 2 Half Baths: 1 Approx SqFt: 1343 Total Baths: 3 SqFt Source: Assessor Lot Size: 1134 Lot Size Source: Assessor Year Built: 2007 Cross Streets: Penny Lane and Enterprise Way

Listing Info

Short Term Rentals: No Rental Restrictions: Yes Will Consider Lease: No

Tax Info

Tax Mello Roos: No

Property Info

View: Yes Total # of Units in Complex: 117 Golf Course Within Development: No Senior Community: No Gated Community: Yes PUD Y/N: No Total Monthly Association Fees: 590

Sale Type

Standard: 1

Listing Terms

Cash: 1 Cash to New Loan: 1

Possession

Close Of Escrow: 1

Parking Spaces/Information

Total Covered Spaces: 0 Total Uncovered/Assigned Spaces: 0

View Type

Mountain(s): 1

Irrigation

Drip System: 1 Sprinkler System: 1

Disclosures

Homeowners Association: 1

Levels

Two: 1

Appliances

Dishwasher: 1 Dryer: 1 Refrigerator: 1 Washer: 1

Foundation

Slab: 1

Flooring

Concrete: 1

Cooling Type

Air Conditioning: 1 Ceiling Fan(s): 1

Spa/Hot Tub Construction

In Ground: 1

Spa/Hot Tub Description

Heated - Gas: 1

Heating

Forced Air: 1

Fireplace Location

Exterior: 1

Fireplace Features

Gas: 1

Rooms

Other: 1

Security Safety

Gated Community: 1

Sewer

In Street Paid: 1

Parking

Guest: 1

HOA Information

HOA: Yes HOA Fee 1: 590

Association Amenities

Clubhouse: 1 Fitness Center: 1 Guest Parking: 1 Other: 1

Association 1 Frequency

Monthly: 1

Association Fees Include

Clubhouse: 1 Sewer: 1 Trash: 1 Water: 1

Association Information

Association Name: Palermo

Land Lease Type

Fee Simple: 1

DPR

DPR Eligible: Yes

Listing Location and Property Info

APN: 669722005 Status: Active Listing Date: 2026-05-13 Original List Price: 489000 List Price: $489,000 Current Price: $489,000 Property Sub-Type: Condominium Street #: 3554 Street Name: Penny Street Suffix: Lane County: Riverside State: CA Zip Code: 92262 Area: 331 - Palm Springs North End Country: US

Status Change Info

Status Change Date: 2026-07-09

Parking SpacesInformation

Total Garage Spaces: 1 Total Parking Spaces: 1

Property Features

Sale Type: Standard Listing Terms: Cash; Cash to New Loan Possession: Close Of Escrow View Type: Mountain(s) Irrigation: Drip System; Sprinkler System Disclosures: Homeowners Association Levels: Two Appliances: Dishwasher; Dryer; Refrigerator; Washer Foundation: Slab Flooring: Concrete Cooling Type: Air Conditioning; Ceiling Fan(s) Heating: Forced Air Fireplace Location: Exterior Fireplace Features: Gas Rooms: Other Security Safety: Gated Community Sewer: In Street Paid Parking: Guest Association 1 Frequency: Monthly Association Amenities: Clubhouse; Fitness Center; Guest Parking; Other Association Fees Include: Clubhouse; Trash; Water Land Lease Type: Fee Simple
Listing Office: Compass
Listing Agent: Luke Smith
Last Updated: August - 16 - 2026
Information deemed reliable but not guaranteed.

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Hi, I'm Darlene Harwick and I provide real estate service to buyers and sellers in the Palm Springs area.

Darlene Harwick
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