3554 Penny Lane, Palm Springs, CA 92262
3554 Penny Lane, Palm Springs, CA 92262
Property Description
Mountain views, a private spa, and fee-simple land come together in this spacious Model B residence at Palermo. The open-concept main level connects the living, dining, and kitchen areas, creating an inviting setting for everyday living and entertaining. Step outside to your private backyard with an in-ground spa, or enjoy the mountain views from the expansive upstairs patio. The two-story floor plan features two bedrooms, two-and-a-half bathrooms, concrete flooring, an exterior gas fireplace, and an attached one-car garage. Palermo is a gated Palm Springs community offering two pools and spas, a clubhouse, fitness center, lounge, full kitchen, guest parking, and more. HOA dues include water, sewer, and trash. Rentals are permitted with a 30-day minimum, subject to HOA and city requirements. Whether you are looking for a full-time residence or Palm Springs getaway, this home offers comfort, privacy, and resort-style amenities. Some photographs have been virtually staged using AI; additional photographs depict the home in its current vacant condition.
Features & Amenities
Property Details
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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 25.4% above the median closed sale of $390,000. Price per sqft ($364) is a 11% premium to closed comps ($329). Expect a longer timeline — comps averaged 148 days on market.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 810 Palm Canyon Drive | Palm Springs | 2006 | 2 | 2 | 1,116 | 1,207 | $439 | $490,000 | 9 | 74 |
| 213 Villorrio Drive | Palm Springs | 2006 | 2 | 2 | 1,113 | 0 | $553 | $615,000 | 45 | 73 |
| 1018 Villorrio Drive | Palm Springs | 2006 | 2 | 2 | 1,113 | 1,042 | $539 | $600,000 | 53 | 71 |
| 401 Vista Chino | Palm Springs | 1985 | 2 | 3 | 1,095 | 669 | $306 | $335,000 | 0 | 69 |
| 357 Mariscal Road | Palm Springs | 1980 | 2 | 2 | 1,088 | 0 | $298 | $324,000 | 40 | 65 |
| Total: 5 · Average | 2.0 | 2.2 | 1,105 | 972.667 | $427 | $472,800 | 29.4 | |||
| Median | 1,113 | $490,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1555 Chaparral Road | Palm Springs | 1997 | 09/04/2026 | 2 | 2 | 1,250 | 770 | $345,000 | $300,000 | $240 | 0.87 | 399 | 71 |
| 6025 Arroyo Road | Palm Springs | 1972 | 09/09/2026 | 2 | 3 | 1,434 | 1,306 | $399,000 | $390,000 | $272 | 0.98 | 60 | 69 |
| 2601 Broadmoor Drive | Palm Springs | 1985 | 10/09/2026 | 2 | 2 | 1,130 | 0 | $335,000 | $320,000 | $283 | 0.95 | 137 | 67 |
| 4760 Winners Circle | Palm Springs | 1980 | 09/22/2026 | 2 | 2 | 1,286 | 1,910 | $695,000 | $695,000 | $540 | 1.00 | 48 | 67 |
| 200 Racquet Club Road | Palm Springs | 1986 | 09/22/2026 | 3 | 2 | 1,537 | 0 | $479,000 | $475,000 | $309 | 0.99 | 98 | 67 |
| Total: 5 · Average | 2.2 | 2.2 | 1,327.4 | 1,328.667 | $436,000 | $436,000 | $328.8 | — | 148.4 | ||||
| Median | 1,286 | $390,000 | $390,000 | ||||||||||
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.