3554 Penny Lane
Palm Springs, CA 92262
Listing broker / agent: Compass · Luke Smith · CRMLS
MLS # 219149987PS · Last checked Oct 20, 2026 21:48 UTC
About this property
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.
Property details
- MLS number
- 219149987PS
- Status
- Active
- Type
- Residential
- Subtype
- Condominium
- Beds / baths
- 2 Beds • 3 Baths
- Living area
- 1,343 (area; units unconfirmed)
- Lot size
- 0.026 acres
- County
- Riverside
- Year built
- 2007
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 98
Building
- Year built
- 2007
- Year built source
- Assessor
- Stories
- 2
- Building stories
- 2
- Levels
- Two
- Foundation
- Slab
- Living area source
- Assessor
Bathrooms
- Full bathrooms
- 2
- Half bathrooms
- 1
- Three-quarter bathrooms
- 0
- Quarter bathrooms
- 0
Rooms & interior
- Rooms
- Other
- Appliances
- Dishwasher, Refrigerator
- Flooring
- Concrete
- Heating
- Forced Air
- Fireplace
- Gas, Outside
Exterior & parking
- Total parking spaces
- 1
- Garage spaces
- 1
- Carport spaces
- 0
- Parking
- Guest
- Attached garage
- Yes
- Spa
- Heated, In Ground
- Lot features
- Drip Irrigation Bubblers, Sprinkler System
- Lot size source
- Assessor
- Property outlook
- Mountains
Utilities & community
- Community features
- Gated
- Association amenities
- Clubhouse, Fitness Center, Other, Trash, Water
Fees & lease terms
- Association
- Yes
- Association fee
- $590.00
- Association fee frequency
- Monthly
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Vista del Monte Elementary (school website, opens in a new tab) Palm Springs Unified · Palm Springs | K–5 | 0.5 mi |
| Raymond Cree Middle (school website, opens in a new tab) Palm Springs Unified · Palm Springs | 6–8 | 1.3 mi |
| Katherine Finchy Elementary (school website, opens in a new tab) Palm Springs Unified · Palm Springs | K–5 | 1.8 mi |
| Palm Springs High (school website, opens in a new tab) Palm Springs Unified · Palm Springs | 9–12 | 3.3 mi |
| Desert Learning Academy (school website, opens in a new tab) Palm Springs Unified · Palm Springs | K–12 | 3.4 mi |
| Rio Vista Elementary (school website, opens in a new tab) Palm Springs Unified · Cathedral City | K–5 | 3.7 mi |
| Cahuilla Elementary (school website, opens in a new tab) Palm Springs Unified · Palm Springs | K–5 | 3.7 mi |
| Agua Caliente Elementary (school website, opens in a new tab) Palm Springs Unified · Cathedral City | K–5 | 4.1 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $449,000
- MLS-reported original asking price
- $489,000
- MLS-reported previous asking price
- $489,000
- MLS-reported last price change
- 2026-10-14 20:09 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 15, 2026 03:18 | $449,000 |
| Oct 2, 2026 05:32 | $489,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Palm Springs
Active residential homes for sale in Palm Springs, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
88 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-20 22:22 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗