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3554 Penny Lane, 
Palm Springs, CA 92262

$489,000

2

Beds

3

Baths

1,343

Sq Ft

Condo

Active

Listed by

Luke Smith

Compass

Last updated:

August 8, 2026, 02:39 PM

MLS#

219149987

Source:

CA DAMLS

About This Home

3554 Penny Lane

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.

Home Facts

Condo

3 Baths

2 Bedrooms

Built in 2007

Subdivision & Development:

Palermo

Price Summary

489,000

$364 per Sq. Ft.

MLS #:

219149987

Last Updated:

August 8, 2026, 02:39 PM

Added:

2 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

2

Interior

Living Area:

1,343 Sq. Ft.

Structure

Structure

Building Area:

1,343 Sq. Ft.

Year Built:

2007

Lot

Lot Size (Sq. Ft):

1,134

Finances & Disclosures

Finances

Price:

$489,000

Price per Sq. Ft:

$364 per Sq. Ft.

Source:CA DAMLS
Based on information from the California Desert Association of REALTORS® as of August 8, 2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.