3554 Penny Lane, Palm Springs, CA 92262
3554 Penny Lane, Palm Springs, CA 92262
Property Description
Your own spa, a mountain-view terrace, and no land lease. This two-bedroom, two-and-a-half-bath Palermo residence brings together the spaces that make Palm Springs living appealing: a private backyard with an in-ground spa and exterior gas fireplace, plus an expansive upstairs patio overlooking the mountains. Inside, concrete floors and an open living, dining, and kitchen layout give the main level a clean, contemporary feel. The two-story floor plan offers approximately 1,343 square feet, with an attached one-car garage adding everyday convenience. Set on fee-simple land within gated Palermo, the home has access to two community pools and spas, a fitness center, and a clubhouse. Monthly HOA dues of $590 include water, sewer, and trash. Whether for everyday living or a desert getaway, this home offers private outdoor spaces alongside community amenities. Rentals require a minimum of 30 days, subject to HOA and city requirements. Some photographs have been virtually staged; original photographs are also provided.
Features & Amenities
Property Details
Mortgage Calculator
Current Rates
About Palermo
This property is located in Palermo, a community in Palm Springs. Explore more listings in this neighborhood to compare options and pricing.
View Palermo ListingsComparative Market Analysis
Affordable Tier · 5 active · 5 closed
Palermo · Palm Springs · Condominium
Listed in line with the median closed sale of $460,000.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 3601 Melody Lane | Palm Springs | 2007 | 2 | 3 | 1,339 | 0 | $365 | $489,000 | 48 | 97 |
| 3551 Melody Lane | Palm Springs | 2007 | 2 | 3 | 1,306 | 1,128 | $382 | $499,000 | 92 | 96 |
| 1520 Via Miraleste | Palm Springs | 2004 | 2 | 3 | 1,448 | 0 | $327 | $474,000 | 171 | 72 |
| 1725 Via Miraleste | Palm Springs | 1980 | 2 | 2 | 1,183 | 1,195 | $338 | $400,000 | 21 | 67 |
| 100 Stevens Road | Palm Springs | 2003 | 2 | 3 | 1,956 | 1,337 | $253 | $495,000 | 37 | 67 |
| Total: 5 · Average | 2.0 | 2.8 | 1,446.4 | 1,220 | $333 | $471,400 | 73.8 | |||
| Median | 1,339 | $489,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 200 Racquet Club Road | Palm Springs | 1986 | 09/22/2026 | 3 | 2 | 1,537 | 0 | $479,000 | $475,000 | $309 | 0.99 | 99 | 70 |
| 250 Via Escuela | Palm Springs | 1971 | 05/22/2026 | 3 | 3 | 1,344 | 0 | $459,000 | $450,000 | $335 | 0.98 | 112 | 68 |
| 200 Racquet Club Road | Palm Springs | 1986 | 07/14/2026 | 3 | 2 | 1,537 | 1,473 | $479,000 | $465,000 | $303 | 0.97 | 53 | 67 |
| 2501 Indian Canyon Drive | Palm Springs | 1983 | 04/02/2026 | 1 | 2 | 1,083 | 1,307 | $432,000 | $420,000 | $388 | 0.97 | 34 | 64 |
| 250 Via Escuela | Palm Springs | 1971 | 11/24/2025 | 3 | 3 | 1,344 | 6,534 | $469,000 | $460,000 | $342 | 0.98 | 283 | 62 |
| Total: 5 · Average | 2.6 | 2.4 | 1,369 | 3,104.667 | $454,000 | $454,000 | $335.4 | — | 116.2 | ||||
| Median | 1,344 | $460,000 | $460,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.