1111 E Palm Canyon Drive 301, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath
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Palm Springs, California 92264
This mid-century Condominium represents a High-Potential Investment Opportunity, listed at $435,000—positioned above the $415,228 Fair Market Value. While priced at a premium, the property offers unique financial stability through the transferable Mills Act tax savings, resulting in an annual tax bill of only $1,100. Featuring an Excellent Condition Rating and iconic Palmer & Krisel architecture, this unit includes a private patio, pool, and spa access. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating asset in Palm Springs.
Turnkey mid-century condo in Palm Springs Ocotillo Lodge. Features Mills Act tax savings, private patio, pool, and short-term rental potential. Move-in ready.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 E Palm Canyon Drive 301 Subject | $435,000* List Price | 1 | 1 | 525 | $791 | - |
A 1111 E Palm Canyon Drive 310 Sold | $417,500 | 1 | 1 | 525 | $795 | 0.0 mi |
B 1111 E Palm Canyon Drive 318 Sold | $350,000 | 1 | 1 | 525 | $667 | 0.0 mi |
C 1111 E Palm Canyon Drive 336 Sold | $485,000 | 1 | 1 | 590 | $822 | 0.0 mi |
D 1111 E Palm Canyon 202 Sold | $325,000 | 1 | 1 | 525 | $619 | 0.0 mi |
E 1611 S Calle Palo Fierro 4 Sold | $460,000 | 1 | 1 | 572 | $804 | 0.4 mi |
F 1111 E Palm Canyon Drive 326 Sold | $435,000 | 1 | 1 | 525 | $829 | 0.0 mi |
G 1111 E Palm Canyon Drive 350 Active | $475,000 List Price | 1 | 1 | 590 | $805 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1957, the unit is well-maintained and move-in ready with modern updates. The interior features updated large-format tile flooring, clean period cabinetry, and refreshed bathroom fixtures. The 'turnkey' status and overall cleanliness suggest a renovation or significant maintenance cycle within the 5-15 year range, making it functional and functional for immediate occupancy.
The property is under the Mills Act, offering substantial property tax savings that are transferable to the new owner, with a recent annual tax bill of only $1,100.
The association permits short-term rentals, a highly sought-after feature in Palm Springs that provides excellent income-generating potential for investors.
Designed by renowned architects Palmer & Krisel, this mid-century gem features iconic floor-to-ceiling windows and a rare oversized private patio that enhances the indoor-outdoor living experience.
The HOA fee is nearly $800 per month, which, while inclusive of utilities, represents a significant recurring expense for a property of this size.
At only 525 square feet, the compact living area may be restrictive for full-time residents or those requiring more storage and room to move.
Step into the vibrant charm of Palm Springs with this light and airy mid-century bungalow featuring a rare oversized private patio in the iconic Ocotillo Lodge. Offered completely turnkey furnished, this home is one of the first units to be granted the Mills Act, offering exceptional value with significant property tax savings. This Mills Act tax savings is transferable to the new owner, and the most recent yearly tax bill was only $1,100. The association also permits short-term rentals, adding to its appeal. Designed by renowned architects Palmer & Krisel, this one-bedroom gem features an open layout, period cabinetry, and a skylight in the bathroom, seamlessly blending timeless style with modern updates. Floor-to-ceiling windows fill the space with natural light, while sliding glass doors lead to the private patio, ideal for effortless indoor/outdoor living. Situated in the heart of the complex, the unit offers privacy and easy access to the Lodge's iconic amenities, including the champagne-cork-shaped pool, hot tubs, fitness room, and lush desert landscaping. HOA dues cover all utilities, including cable and internet, ensuring convenient and carefree living. Discover the best of Palm Springs living in this historic mid-century treasure.
No exterior & parking available.
Grades K-5 • 0.6 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 | 13% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 525 | 1,385.5 | 3% |
| Lot Size | 583 | 816.5 | 49% |
| Price | $435.0K | $488.5K | 40% |
| Price per sq ft | $829 | $359 | 98% |
| Built year | 1957 | 1977 | 2% |
| HOA | $799.81 | $620 | 73% |
| Days on market | 4 | 150 | 0% |
Jun 2, 2026
$435,000
Initial Listing
Jul 2, 2020
$300,000
Public Record
May 22, 2015
$184,000
Public Record
Feb 15, 2013
$129,500
Public Record
Oct 21, 2011
$56,000
Public Record
Nov 12, 2002
$80,000
Public Record