1111 E Palm Canyon Drive Drive 226, Palm Springs, California 92264, Palm Springs, 92264 - 1 bed, 1 bath

1111 E Palm Canyon Drive Drive 226, Palm Springs, California 92264 home-pic-0
ACTIVE$345,000
1111 E Palm Canyon Drive Drive 226, Palm Springs, California 92264
1Bed
1Bath
525Sqft
583Lot
Year Built
1956
Close
-
List price
$345K
Original List price
$345K
Price/Sqft
$657
HOA
$799.81
Days on market
-
Sold On
-
MLS number
219133384DA
Home ConditionExcellent
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $345.0K(24th), sqft - 525(3th), beds - 1(13th), baths - 1(11th).

Own a piece of Palm Springs history with this mid-century modern condo at the Ocotillo Lodge, an iconic community designed by William Krisel and Dan Palmer and developed by the Alexander Company in 1956. This top-floor residence offers unobstructed mountain views through clerestory windows and has been fully renovated with updated plumbing, electrical, HVAC, kitchen, bath, and flooring, making it move-in ready with room for your personal style. One of the few condo communities in Palm Springs that welcomes short-term rentals, subject to city regulations, and located on fee land, this property offers the option for income potential.Situated in the sought-after Twin Palms neighborhood in South Palm Springs, the location is truly convenient with easy access to local dining, shopping, and nearby hotels in a desirable low-wind area. Residents enjoy resort-style amenities including the iconic champagne cork-shaped pool, two hot tubs, a fitness center, and a clubhouse. The HOA conveniently covers all utilities, including electricity. As part of a Class 1 Historic District, the property may also be eligible for Mills Act tax savings. Whether you're seeking a vacation home, an income-producing property, or both, this beautifully updated mid-century retreat is a standout opportunity.

Nearby schools

4/10
Cahuilla Elementary School
Public,K-50.5mi
4/10
Raymond Cree Middle School
Public,6-83.0mi
4/10
Desert Learning Academy
Public,K-121.4mi
6/10
Palm Springs High School
Public,9-121.7mi

Price History

Date
Event
Price
07/31/25
$345,000
Condition Rating
Excellent

Despite being built in 1956, this property has undergone a comprehensive and recent renovation, as explicitly stated in the listing description. The images confirm a fully updated kitchen with modern white shaker cabinets, butcher block countertops, and stainless steel appliances. The bathroom is also completely renovated with a contemporary floating vanity, vessel sink, and tiled shower. New wood-look tile flooring is consistent throughout, and light fixtures are modern. The description highlights updated plumbing, electrical, and HVAC systems, indicating that all major components are new or virtually new, meeting current quality standards and making it move-in ready with no deferred maintenance.
Pros & Cons

Pros

Historic Mid-Century Modern Appeal: Own a piece of Palm Springs history with this iconic William Krisel/Dan Palmer designed condo in the Ocotillo Lodge, appealing to a niche market.
Turnkey Renovation: The unit has been fully renovated with updated plumbing, electrical, HVAC, kitchen, bath, and flooring, making it move-in ready and reducing immediate buyer expenses.
Strong Income Potential: As one of the few communities allowing short-term rentals (subject to city regulations), this property offers significant opportunity for investment income.
Resort-Style Living with Inclusive HOA: Residents enjoy resort-style amenities including a pool, hot tubs, fitness center, and clubhouse, with the HOA conveniently covering all utilities, including electricity.
Fee Land & Tax Benefits: The property is located on desirable fee land (not leased) and may be eligible for Mills Act tax savings as part of a Class 1 Historic District.

Cons

High Monthly HOA Dues: The $799.81 monthly HOA fee is substantial, even with utilities included, which could impact affordability or net rental income for investors.
Compact Living Space: At 525 sqft, the unit offers limited interior space, which may not suit all buyers or longer-term occupancy needs.
Short-Term Rental Regulatory Risk: While permitted, short-term rentals are 'subject to city regulations,' implying potential for future changes or increased restrictions that could affect income generation.

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