1111 E Palm Canyon Drive 104, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
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Palm Springs, California 92264
This historic Ocotillo Lodge condo is a Prime Investment Opportunity, listed at $315,000—positioned well below the $323,385 Fair Market Value by 2%. This gap provides $8,385 in Instant Equity. Featuring a Condition Rating of 3, this turn-key unit offers iconic mid-century architecture, a private patio with mountain views, and resort-style amenities including a pool and spa. With all-inclusive HOA dues and short-term rental eligibility, this is an ideal acquisition for Buy-and-Hold Investors or vacation home buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 E Palm Canyon Drive 104 Subject | $315,000* List Price | 1 | 1 | 525 | $616 | - |
A 1111 E Palm Canyon Drive 318 Sold | $350,000 | 1 | 1 | 525 | $667 | 0.0 mi |
B 1111 E Palm Canyon 202 Sold | $325,000 | 1 | 1 | 525 | $619 | 0.0 mi |
C 1111 E Palm Canyon Drive 107 Active Under Contract | $319,000 List Price | 1 | 1 | 525 | $608 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1995, the property is well-maintained and move-in ready. The interior features updated flooring, modern light fixtures, and fresh paint. While the kitchen appliances and cabinetry appear functional but slightly dated, the overall unit is turn-key with no immediate maintenance required, fitting the 5-15 year renovation profile.
Designed by William Krisel and built by the Alexander Company, this historic property offers significant architectural prestige and mid-century modern charm that remains highly sought after in the Palm Springs market.
The monthly HOA dues cover all major utilities including electricity, water, trash, cable, and internet, providing owners with predictable monthly expenses and simplified property management.
Sold fully furnished and located in a community that allows short-term rentals, this unit is an immediate income-generating asset or a ready-to-use vacation getaway.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =600, other record lot size in square feet = 538.
The $799 monthly HOA fee is relatively high for a 525-square-foot unit, which may deter budget-conscious buyers or impact financing debt-to-income ratios.
At only 525 square feet, the compact footprint may be restrictive for full-time residents or those requiring significant storage and living area.
Welcome to the famous Ocotillo Lodge in sunny Palm Springs! Designed by renowned architects William Krisel and Dan Palmer, built by the Alexander Company, this once hotel and playground to the stars including the Rat Pack is now a mid-century complex that has been converted to condos. Fabulous amenities include a champagne cork-shaped pool, two hot tubs, a clubhouse with pool tables and piano, community gym, and an outdoor Sunshine bar with a built-in grill - an entertainer's dream! Live every day like you're on vacation in this lower level desert-styled bungalow featuring large sliders that open to a private patio with views of the majestic San Jacinto Mountains. This charming unit is sure to impress - complete with sputnik chandelier, tiled shower, beamed ceilings, fully equipped kitchen and.... is being sold turn-key furnished! Monthly HOA dues cover ALL utilities: electricity, water, trash, cable TV, and internet. Close to dining, shopping, and entertainment too. Whether you are looking to pick up a full time pad, dreamy weekend getaway, or a fantastic income property that allows short-term rentals, Ocotillo Lodge is where it's at! Own a piece of history in the heart of Palm Springs today!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 3.0 mi
Grades K-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 525 | 1,199 |
| Lot Size | 600 | 1,742 |
| Price | $315.0K | $445.8K |
| Price per sq ft | $600 | $351 |
| Built year | 1995 | 1980 |
| HOA | $799.0 | $587 |
| Days on market | 19 | 67 |
Jul 3, 2026
$315,000
Initial Listing
Jan 14, 2020
$256,000
Public Record
Jun 6, 2016
$160,000
Public Record