1111 E Palm Canyon Drive 122, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
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Palm Springs, California 92264
This historic Ocotillo Lodge bungalow represents a Prime Investment Opportunity, listed at $315,000—positioned well below the $323,385 Fair Market Value by 2%. This valuation gap provides $8,385 in Instant Equity. Featuring a Good Condition Rating with modern kitchen updates and iconic mid-century architecture, this unit offers a turnkey lifestyle with San Jacinto Mountain views, a champagne-shaped pool, and all-inclusive HOA utilities. It is an ideal acquisition for Buy-and-Hold Investors or vacation home buyers seeking short-term rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 E Palm Canyon Drive 122 Subject | $315,000* List Price | 1 | 1 | 525 | $616 | - |
A 1111 E Palm Canyon 202 Sold | $325,000 | 1 | 1 | 525 | $619 | 0.0 mi |
B 1111 E Palm Canyon Drive 318 Sold | $350,000 | 1 | 1 | 525 | $667 | 0.1 mi |
C 1111 E Palm Canyon Drive 224 Active | $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.
Although built in 1995, the unit has undergone significant interior updates including a modernized kitchen with white shaker cabinetry, stone countertops, and updated wide-plank flooring. The property is well-maintained, move-in ready, and sold turn-key, fitting the 5-15 year renovation window for a 'Good' rating.
Designed by William Krisel and built by the Alexander Company, this historic property offers a unique 'Elizabeth Taylor' styled aesthetic and comes turn-key furnished, appealing to mid-century modern enthusiasts.
The monthly HOA fee covers all essential utilities including electricity, water, trash, cable, and internet, providing significant value and simplified budgeting in the desert climate.
The community allows short-term rentals, making this an ideal investment property or a flexible vacation home with proven historical appeal to tourists.
At $799 per month, the HOA fees are relatively high for a 525-square-foot unit, which may deter buyers sensitive to fixed monthly expenses.
The compact 525-square-foot layout may feel restrictive for full-time residents or those requiring more 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! Once a hotel and playground to the stars, including the Rat Pack and many other celebrities, this mid-century complex has been converted to condos with fabulous amenities including 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! This lower level 'Elizabeth Taylor' styled bungalow features wall to wall sliders leading to a private patio and stunning San Jacinto Mountain views is sure to impress - complete with sputnik chandelier, retro tiled shower, fully equipped kitchen and.... 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! Where else can you own a piece of history that was once owned by Gene Autry himself?
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 3.0 mi
Grades K-12 • 1.4 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
Nov 24, 2020
$245,000
Public Record
Oct 11, 2013
$130,000
Public Record
Aug 22, 2005
$152,500
Public Record
Dec 4, 2003
$72,500
Public Record
Mar 18, 2003
$62,000
Public Record
Jan 23, 2001
$42,000
Public Record
Feb 25, 1998
$16,000
Public Record