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$489,000

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 1,343 Sq. Ft.
  • 1 Car Garage
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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.

Full Property Details for 3554 Penny Ln

General

  • Price: $489,000
  • HOA FEE: $590/month
  • Status: Active
  • Type: Condo
  • Source: Desert_Area_Palm_Springs
  • MLS ID: 219149987
  • Updated: 7/9/2026
  • Added to Site: 107 day(s) ago

Interior

  • Rooms/Areas: Other
  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Exterior, Gas
  • Appliances: Dryer, Washer, Refrigerator, Dishwasher
  • Furnishings: Unfurnished
  • Flooring: Concrete

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Shared Amenities: Clubhouse, Other, Guest Parking, Fitness Center
  • Spa: Yes
  • Spa Description: In Ground, Heated - Gas
  • Security/Safety: Gated Community

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 1
  • Parking: Guest
  • Garage Description: Attached

Location

  • Area: 331 - Palm Springs North End
  • County: Riverside
  • Subdivision: Palermo
  • Cross Streets: Penny Lane and Enterprise Way

Community

  • Gated community: Yes
  • Association: Yes
  • Assoc. Fees Include: Clubhouse, Water, Trash, Sewer

Heating & Cooling

  • Cooling Type: Air Conditioning, Ceiling Fan(s)
  • Heating Type: Forced Air

Utilities

  • Sewer: In Street Paid

Structural Information

  • Detached/Attached: Yes
  • Foundation: Slab
  • Sprinklers: Yes
  • Stories/Levels: 1
  • Square Feet: 1,343
  • Sq. Ft. Source: Assessor
  • Year Built: 2007
  • Year Built Source: Assessor

Unit Information

  • Units in Complex: 117

Lot Features

  • Mountain views: Yes
  • Lot Size (Sq. Ft.): 1,134
  • Lot Size Source: Assessor
  • Irrigation System: Drip System, Sprinkler System

Financial Considerations

  • Price Per Sq. Ft.: $364
  • Association Fee: Yes
  • Assoc Fee Freq.: Monthly
  • Assoc Fee /Month: $590
  • Terms: Cash, Cash to New Loan

Disclosures and Reports

  • APN: 669722005

Listed by Compass, Luke Smith

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Listing agent

— 3554 Penny Ln —

  • Luke Smith

    Compass

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3554 Penny Ln

School District:Palm Springs Unified School District
NameGradesDistance
Vista Del Monte Elementary School
2744 North V?a Miraleste, Palm Springs, CA 92262
K-50.7 mi
Raymond Cree Middle School
1011 East Vista Chino, Palm Springs, CA 92262
6-81.3 mi
Palm Springs High School
2401 East Baristo Road, Palm Springs, CA 92262
9-123.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3554 Penny Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/13/2026
Listed
$489,000
33.97%
MLS
8/27/2020
Sold
$365,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3554 Penny Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,334
—
$402,987
2%
2025
$5,334
-2%
$395,086
2%
2024
$5,447
-1%
$387,340
2%
2023
$5,520
—
$379,746
2%
2022
$5,509
3%
$372,300
2%
2021
$5,368
25%
$365,000
24%
2020
$4,293
2%
$293,413
2%
2019
$4,219
2%
$287,661
2%
2018
$4,140
2%
$282,021
2%
2017
$4,073
3%
$276,492
2%
2016
$3,960
75%
$271,071
95%
2015
$2,259
2%
$139,343
2%
2014
$2,220
—
$136,616
—
2013
$2,217
—
$136,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Compass, Luke Smith

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3554 Penny Lane, Palm Springs, CA 92262 (MLS# 219149987) is a Condo property with 2 bedrooms, 2 full bathrooms and 1 partial bathroom. 3554 Penny Lane is currently listed for $489,000 and was received on May 13, 2026. Want to learn more about 3554 Penny Lane? Do you have questions about finding other Condo real estate for sale in Palm Springs? You can browse all Palm Springs real estate or contact a Coldwell Banker agent to request more information.

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