1111 E Palm Canyon Drive 225, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
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Palm Springs, California 92264
This Value-Add Mid-Century Asset is listed at $315,000, representing a stable valuation near its $312,810 Fair Market Value. Currently holding a Fair Condition Rating, this "blank canvas" designed by William Krisel offers immense appreciation potential through interior renovation. The unit features Mountain and City Light Views, a private patio, and rare Short-Term Rental Eligibility. Located near Cahuilla Elementary and Palm Springs High School, the property offers Mills Act Tax Savings and an all-inclusive HOA covering all utilities. This is a high-utility acquisition for Vacation Rental Investors or Value-Add Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 E Palm Canyon Drive 225 Subject | $315,000* List Price | 1 | 1 | 525 | $596 | - |
A 2290 S Palm Canyon Drive 115 Sold | $240,000 | 1 | 1 | 552 | $435 | 0.8 mi |
B 1111 E Palm Canyon Drive 318 Sold | $350,000 | 1 | 1 | 525 | $667 | 0.1 mi |
C 1111 E Palm Canyon Drive 306 Sold | $349,000 | 1 | 1 | 525 | $665 | 0.1 mi |
D 1111 E Palm Canyon Drive 224 Active | $333,900 List Price | 1 | 1 | 525 | $636 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1957, this iconic mid-century condo is well-maintained and livable but is explicitly marketed as a 'blank canvas' requiring a full interior reimagining. While it features some functional updates like a split-system AC and a newer retro-style refrigerator, the kitchen remains very basic with older cabinetry and a dated electric range. The property shows signs of age and lacks the comprehensive renovation required for a higher rating, fitting the 'fair' criteria of being functional but outdated.
Designed by renowned architects William Krisel and Dan Palmer, this Class 1 Historic District property offers significant tax advantages via the Mills Act and permits lucrative short-term rentals.
The HOA dues cover all essential utilities including electricity, water, and Wi-Fi, and the property is situated on Fee Simple land, providing full ownership without the burden of a land lease.
Nestled in a celebrated community with stunning mountain and city light views, this unit offers an unparalleled desert lifestyle with access to a clubhouse, gym, and iconic pool area.
The HOA fee of approximately $800 per month is relatively high for a 525-square-foot unit, which may deter budget-conscious buyers despite the inclusion of utilities.
Marketed as a 'blank canvas,' the property requires a full interior reimagining and modernization to bring its original 1957 condition up to contemporary luxury standards.
ALL UTILITIES INCLUDED! Here is your chance to craft a custom Palm Springs escape in one of the desert's most celebrated communities. The iconic Ocotillo Lodge is a mid-century masterpiece designed by renowned architects William Krisel and Dan Palmer in 1957. Nestled on 10 acres of prime South Palm Springs fee simple land (you own the land), this upstairs condo offers a blank canvas to create your dream desert retreat. Delivered mostly furnished, this unit is ready for your personal touch to reimagine its 1957 charm with modern flair. Enjoy the unparalleled lifestyle of Ocotillo Lodge, where HOA dues cover it all: water, electric, Wi-Fi, cable, trash, pool, spa, clubhouse, and gym. Perfect for those seeking a vacation home or investment property, this community allows short-term rentals, making it an ideal choice for the savvy buyer. Savor the retro vibe of this Alexander Company gem, surrounded by the mid-century architecture and allure of the adjacent Twin Palms neighborhood. Don't miss your chance to invest in this legacy. The Ocotillo Lodge is a Class 1 Historic District in the City of Palm Springs, offering owners eligibility to apply for a Mills Act Contract.
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 | 556 | 871 | 46% |
| Price | $315.0K | $485.0K | 15% |
| Price per sq ft | $600 | $348 | 92% |
| Built year | 1957 | 1976 | 2% |
| HOA | $799.81 | $625 | 72% |
| Days on market | 33 | 156 | 1% |
Mar 20, 2026
$315,000
Initial Listing
Mar 30, 2017
$175,000
Public Record
Dec 18, 2013
$115,500
Public Record
Apr 23, 2004
$88,000
Public Record
Aug 13, 2001
$49,000
Public Record