1111 E Palm Canyon Drive 107, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
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Palm Springs, California 92264
This Historic Mid-Century Modern Condo is a Strong Value Opportunity, listed at $319,000—positioned well below the $347,445 Fair Market Value by 8%. This valuation gap offers $28,445 in Instant Equity for buyers. Boasting an Excellent Condition Rating, the Palmer & Krisel-designed unit features a large private patio with mountain views and a proven $25,000 annual rental income. Located in the iconic Ocotillo Lodge near Cahuilla Elementary, the all-inclusive HOA simplifies ownership. This turnkey asset is perfect for Vacation Rental Investors or Seasonal Residents seeking a historic desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 E Palm Canyon Drive 107 Subject | $319,000* List Price | 1 | 1 | 525 | $662 | - |
A 1111 E Palm Canyon Drive 318 Sold | $350,000 | 1 | 1 | 525 | $667 | 0.0 mi |
B 1111 E Palm Canyon Drive 312 Sold | $355,000 | 1 | 1 | 525 | $676 | 0.0 mi |
C 1111 E Palm Canyon 202 Active Under Contract | $333,900 List Price | 1 | 1 | 525 | $636 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This mid-century modern unit has been extensively renovated within the last 5 years, featuring a contemporary kitchen with stainless steel appliances, updated flat-panel cabinetry, and modern countertops. The interior boasts high-quality polished flooring, updated bathroom fixtures, and stylish lighting throughout. The property is fully furnished and move-in ready with no signs of deferred maintenance, perfectly aligning with the 'excellent' condition criteria for a renovated historic property.
With no HOA rental restrictions and a documented income of $25,000 in 2024, this fully furnished unit offers a turnkey opportunity for immediate short-term rental revenue.
Designed by Palmer & Krisel and built by the Alexander Company, this historic property provides significant architectural prestige and access to legendary amenities like the key-shaped pool.
The unit boasts one of the largest private patios in the complex, offering rare expansive outdoor space and stunning mountain views that enhance the desert living experience.
The $799 monthly association fee is substantial for a 525-square-foot unit, which may weigh on the net ROI despite including utilities like electricity and water.
At only 525 square feet, the compact living space is primarily suited as a vacation getaway or 'pied-à-terre' rather than a full-time residence.
Own a piece of history in the historic Ocotillo Lodge, a classic Mid-Century architectural specimen designed by Palmer & Krisel and built by the Alexander Company. NO HOA RENTAL RESTRICTIONS & FULLY FURNISHED! This chic 1 bed/1 bath getaway with one of the largest private patios in the complex (with mountain views!) is a great pied a terre when in town, and a great Airbnb when you need a little extra cash. Right outside your door lies all the amenities the Lodge has to offer including a key-shaped pool, two hot tubs, a clubhouse with pool tables and piano, community gym, and an outdoor Sunshine bar with a built-in grill. Home earned $25,000 in 2024 and is over $20,000 in 2025. Buy now and start collecting rent immediately! Rental history and operating expenses available. HOA dues include water, electric, WiFi, internet, cable, trash, pool, spa, clubhouse and a gym. This is truly the best of the desert!
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 14% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 525 | 1,392 | 3% |
| Lot Size | - | 871 | 44% |
| Price | $319.0K | $485.0K | 16% |
| Price per sq ft | $608 | $348 | 92% |
| Built year | 1995 | 1976 | 92% |
| HOA | $799.0 | $625 | 71% |
| Days on market | 52 | 156 | 4% |
Mar 1, 2026
$319,000
Initial Listing
Sep 15, 2022
$419,000
Public Record
Feb 21, 2019
$240,000
Public Record
May 23, 2011
$55,000
Public Record
Mar 15, 2007
$150,000
Public Record
Apr 20, 2004
$85,000
Public Record