1111 E Palm Canyon Drive 224, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
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Palm Springs, California 92264
This Iconic Midcentury Modern Condo is a strategic acquisition listed at $333,900—positioned well below the $339,000 Fair Market Value by 1%. This valuation provides $5,100 in Instant Equity for a unit with a Move-in Ready Condition Rating. Designed by William Krisel, the residence features unobstructed mountain views and signature clerestory windows. With an all-inclusive HOA and rare short-term rental eligibility, the property offers high utility for Vacation Rental Investors or Seasonal Residents looking for a historic desert sanctuary near Palm Springs High School.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 E Palm Canyon Drive 224 Subject | $319,000* List Price | 1 | 1 | 525 | $608 | - |
A 1111 E Palm Canyon Drive 318 Sold | $350,000 | 1 | 1 | 525 | $667 | 0.1 mi |
B 1111 E Palm Canyon 202 Sold | $325,000 | 1 | 1 | 525 | $619 | 0.1 mi |
C 1111 E Palm Canyon Drive 306 Sold | $349,000 | 1 | 1 | 525 | $665 | 0.1 mi |
D 2290 S Palm Canyon Drive 115 Sold | $240,000 | 1 | 1 | 552 | $435 | 0.9 mi |
E 1111 E Palm Canyon Drive 312 Sold | $355,000 | 1 | 1 | 525 | $676 | 0.1 mi |
F 1111 E Palm Canyon Drive 226 Active | $333,000 List Price | 1 | 1 | 525 | $634 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and appears well-maintained, making it ideal for its current use as a short-term rental. While the kitchen and bathroom feature older styles—including white appliances and standard cabinetry rather than a full contemporary renovation—the unit benefits from 'thoughtful updates' such as consistent hard-surface flooring and a large bathroom skylight. The iconic midcentury architectural features, like the clerestory windows, are in excellent shape, and the overall interior shows minimal physical depreciation.
The property explicitly allows short-term rentals, making it a premier investment opportunity in a high-demand Palm Springs vacation market.
The HOA dues cover all essential utilities—including electricity, water, and internet—providing a simplified, 'lock-and-leave' lifestyle for owners.
Designed by William Krisel, this top-floor unit features signature clerestory windows and unobstructed mountain views within a historic midcentury modern landmark.
The $900 monthly HOA fee is significantly high for a 525-square-foot unit, which may deter budget-conscious buyers or impact financing qualifications.
With only 525 square feet of interior space, the unit offers very compact living quarters and limited storage, which may not suit full-time residents.
Own a piece of Palm Springs history! The HOA dues include everything: water, electric, WiFi, internet, cable, trash, pool, spa, clubhouse, and gym. It's all about the breathtaking, unobstructed views from this top floor unit in Ocotillo Lodge, the iconic landmark community in South Palm Springs. This unit is on the inner side of the 2nd floor, away from the traffic of E Palm Canyon Drive. From inside, the clerestory windows offer poster-perfect views of palm trees, mountains, sunrises, sunsets, and the fabulous midcentury architecture of the complex and adjacent Twin Palms neighborhood. This unit has tons of the original 1957 charm along with some thoughtful updates. The huge skylight over the double sinks in the bathroom keeps this room light and bright. There's a semi-private outdoor deck area perfect for taking in the views while enjoying the amazing desert climate. This iconic building, situated on 10 acres of prime Palm Springs land, was completed by the Alexander Company in 1957 and designed by renowned architects William Krisel and Dan Palmer as their first Palm Springs project to showcase and market their second venture, the Twin Palms neighborhood.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 14% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 525 | 1,392 | 3% |
| Lot Size | 555 | 871 | 46% |
| Price | $319.0K | $485.0K | 16% |
| Price per sq ft | $608 | $348 | 92% |
| Built year | 1995 | 1976 | 92% |
| HOA | $900.0 | $625 | 85% |
| Days on market | 71 | 157 | 9% |
Apr 16, 2026
$319,000
$333,900
-4% Price Drop
Initial Listing
Mar 21, 2026
$333,900
$339,000
-2% Price Drop
Initial Listing
Feb 11, 2026
$339,000
Initial Listing
Nov 6, 2019
$205,000
Public Record
Jul 20, 2005
$138,000
Public Record
Jan 20, 2004
$70,500
Public Record
Oct 13, 1999
$85,000
Public Record