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.